Turkey is one of the most promising real estate markets in Europe, and the mantra “location, location, location” rings especially true for this country. Strategically situated at the crossroads of Europe, the Middle East, and Central Asia, and home to almost 81 million people, Turkey offers great opportunities for real estate developers and investors by combining a large construction sector with growing commercial and industrial output. The new investment incentives scheme is specifically designed to encourage investments with the potential to reduce dependency on the importation of intermediate goods vital to the country’s strategic sectors.
Effective as of January 1, 2012, the new investment incentives system has been comprised of four different schemes. Local and foreign investors have equal access to: 1- General Investment Incentives Scheme 2- Regional Investment Incentives Scheme 3- Large-Scale Investment Incentives Scheme 4- Strategic Investment Incentives Scheme Angera’s affiliates support instruments to be provided within the framework of the various investment incentives schemes varies from tax exemptions (Customs, VAT) to Land Allocation for commercial real estate buyers, project developers and investors.
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