investment in izmir

investment in izmir turkey

Investment in Izmir

Turkey has become one of the target countries for construction from 1980. In the last 15 years, constructions such as residential projects, towers, shopping centers and etc were built everywhere in Izmir. From 1984, new laws were legislated to support all constructors and buyers. In 2018, more than 1.400.000 properties were sold in Turkey and progress of %5 is predicted for 2019. In 2018, the sales of properties to foreigners rose by %22.2 compared to the previous year and peaked at a number of 22234.

Safe investment

In 2019, a %10 increase is predicted in economic and industry in Izmir. In 2018, the sales of properties to foreigners rose by %22.2 compared to the previous year and peaked at a number of 22234. Those foreigners who purchase properties in Turkey can easily acquire residence permit for themselves and their families. According to the most recent changes in Turkey’s law on 19.09.2018, foreigners who purchase properties priced at $250.000 can acquire Turkish citizenship for themselves and their families. Before then, this amount used to be $1.000.000

Turkey government have legislated some incentive plans for foreign investors that point out these below:

  • Being exempt from value added tax
  • Being exempt from customs duty
  • Discount on income taxes
  • Backup plans for social insurance
  • Backup plans for bank loans interest rate
  • Devoting needed land for investing purposes
investment in izmir turkey

Also according to the new laws that the Turkish government have legislated concerning the attraction of foreign capital investments, the applicants can obtain a permanent residence permit and citizenship for themselves and their families by investing $500.000 in governmental projects and also investing $500.000 in governmental banks.
The withdrawal of the investment deposit is possible along with the interest. Investment in Turkey is made in one these 3 ways:

  1. Founding a new branch of an already active organization
  2. Establishing and registering a new compan
  3. Cooperating with an active company in Turkey
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