Turkey has one of the most liberal legal systems for FDI of all the OECD countries. The new FDI law focuses mainly on the protection of investors' rights. The main principles are as follows:
• Equal treatment for domestic and foreign capital companies.
• No pre-entry or pre-establishment screening requirements.
• No need for notification to the Undersecretariat of the Treasury of Turkey.
• No obligation to choose a specific company name.
• Unrestricted foreign ownership.
Rights of international investors:
• Free transfer of funds.
• Acquisition of real estate.
• Dispute settlement either in local courts or international arbitration bodies.
• Valuation of non-cash capital.
• Work permits for expatriates.
• Opening a liaison office.
Source: www.invest.gov.tr
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How simple is the legal framework in Turkey for FDI?
