Investment Types: Foreign investors in Bodrum, like in other parts of Turkey, can engage in various investment types, including establishing a company, acquiring real estate, or investing in existing businesses.
Company Establishment: Foreign investors can set up a company in Bodrum by adhering to the regulations outlined by the Turkish Commercial Code. This typically involves fulfilling requirements such as minimum capital, legal entity type, and registration with relevant authorities.
Property Acquisition: Foreign individuals and legal entities can purchase property in Bodrum, subject to certain restrictions on specific areas, such as military zones. Land Registry and Cadastre offices oversee property transactions, and obtaining professional legal advice is recommended during the process.
Sector-Specific Regulations: Certain sectors, such as tourism, energy, and finance, may have specific regulations or requirements for foreign investors. These can include obtaining permits, and licenses, or meeting specific capital requirements. It's crucial to research sector-specific regulations applicable to Bodrum or consult experts for detailed information.
Investment Incentives: Turkey offers various investment incentives, such as tax advantages, reduced fees, and grants, to attract foreign investment. These incentives may vary depending on the location, sector, and size of the investment. The Investment Support and Promotion Agency of Turkey (ISPAT) can provide guidance on available incentives.
Legal and Regulatory Framework: Understanding Turkey's legal and regulatory framework is essential for foreign investors. Familiarize yourself with laws related to foreign investment, taxation, labour, intellectual property, and other relevant areas to ensure compliance.
Comments