According to the law on foreign direct investments No. 4875 from 2003, the following forms of business activities in Turkey are classified as direct investments:
Domestic and foreign companies have equal rights. 100 per cent of the capital may be brought in from abroad, whereby alongside cash, shares in companies, machines and tooling, industrial and intellectual property rights are also classified as investments. Also, capital in the form of net profits, dividends, sales and liquidation assets, as well as capital and interest payments can be transferred from the country without further ado. Turkish citizens with residence abroad are treated as foreign investors.
Information obligations
Minimum capital participation or approvals from the General Directorate for foreign investment are no longer necessary.
Only the liaison office (irtibat bürosu) with its representation functions is still subject to approval, may, however, not partake in trade.
All other information to be sent to the General Directorate for foreign investments serves strictly statistical purposes
• annual information on business activities and capital invested
• payments into the capital account within one month’s notice
• information on share transfers within one month’s notice
Attorney under German law, Bar certified specialist for Criminal Law Cüneyt Gençer
E-Mail: gencer@gencer-coll.de • Tel. +49-(0)-911-37 66 76-63
Tax Consultant, Dipl.-Kfm (Univ.) Bernhard Hofer
E-Mail: hofer@gencer-coll.de • Tel. +49-(0)-911-37 66 76-63