Is There a Legal Framework Regarding Foreign Direct Investments?

The newly enacted Foreign Direct Investment Law clearly reflects the balanced and liberal approach Turkey has adopted towards international investments. This law, with its full disclosures, is a legal guide to international investors regarding their rights and obligations.

The newly enacted Foreign Direct Investment Law clearly reflects the balanced and liberal approach Turkey has adopted towards international investments. This law, with its full disclosures, is a legal guide to international investors regarding their rights and obligations. This new law guarantees investors the same status as national companies and has extensive investor rights. In addition to the new FDI law, some important amendments to various laws were also passed by Parliament in 2007. With this new legislation, screening and pre-approval procedures for FDI projects have been abolished, company registration procedures have been reorganized, and it has become possible to establish a company in Turkey in just one day, provided that all necessary documents are submitted to the Trade Registry.