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The investment law in Ankara operates under the broader jurisdiction of Turkey's investment landscape regulated by the 'Law on the Promotion of Investments and Employment and the Amendment of Certain Laws and Decree-Laws.' Turkey offers a highly liberal investment climate, striving to eliminate any legal and bureaucratic hindrances investors face domestically or from abroad. These regulations dictate how businesses can operate, how investments can be made, and the rights of the investors. Known for its strong push towards attracting foreign direct investment (FDI), Ankara follows these national guidelines to positively impact its growth and development.
Legal help may be required in case of disputes involving investment contracts, incorporation and dissolution of companies, tax-related disputes, or issues surrounding land and property investments. Lawyers play critical roles in navigating complex legislative landscapes, ensuring regulatory compliance, structuring deals, securing relevant licenses and permits, and negotiating and reviewing contracts. This expertise is particularly essential for foreign investors unfamiliar with Turkey's investment laws and regulations.
Ankara, Turkey's capital, adheres to national laws for investments. This includes the Foreign Direct Investment (FDI) Law No.4875 that allows foreign investors the same rights and obligations as domestic investors. Protection against expropriation, transfer of profits, dispute resolution, and ownership rights are all provided under this law. Ankara, also the industrial heartland of Turkey, encourages sectors like mining, farming, and manufacturing with enticing incentives baked into the law.
The government provides a variety of tax incentives, state aids such as land allocation, custom-duty exemptions, low rates on insurance premiums, and VAT refund opportunities, particularly for investments in sectors Ankara aims to develop.
No, the FDI Law No. 4875 guarantees equal treatment for foreign and local investors. This means foreign investors can own 100% of the shares in Turkish companies.
Setting up a business involves registering the business with the Trade Registry Office, obtaining necessary licenses and permits, and complying with tax and social security obligations.
Yes, foreign investors can buy property in Ankara, but some restrictions apply. For example, the total area of properties owned by foreigners in Turkey cannot exceed 30% of any district's total area.
Turkey has a strong judiciary for dispute resolution. However, investors can also seek international arbitration or dispute resolution mechanisms, especially if these provisions are included in their contracts.
Investors can refer to the Investment Office of the Presidency of the Republic of Turkey, the General Directory of Domestic and Foreign Investments of the Treasury, and Ankara Chamber of Commerce for additional resources, support, and advice. For legal assistance, the Union of Turkish Bar Associations provides a list of all registered lawyers and law firms in Ankara.
If you need legal assistance in Investment, begin by researching and identifying a lawyer or law firm specializing in Investment Law and foreign investment in Ankara. Once you've identified a potential match, arrange a consultation. Ensure that you prepare all necessary documents beforehand and clearly communicate your needs and expectations. Don't hesitate to seek multiple legal opinions if needed. Remember, the goal is to find someone who can navigate the complexities of Turkish Investment Law and can help protect your interest effectively.
