International trade in Turkey
TURKEY IS THE NEW HUB
With 185 billion dollars of foreign investment inflow since 2003, Turkey is a rising star of foreign capital.
Turkey is a gate way and hub for gold and Jewelry business for decades.
As a fast-growing economy with qualified labor force, well-developed infrastructure, welcoming legislative framework and investment policies; Turkey offers diversified opportunities for investors.
With large capabilities of jewelry production, Turkey is the largest production point of the Middle East…
QUALIFIED AND INEXPENSIVE LABOR
With more than 30000 people employed in jewelry production, Turkey offers highly qualified and cost-effective labor force for the industry.
Strong banking infrastructure, attractive tax incentives and government subsidies help your business grow in Turkey.
EXCELLENT LOCATION
Turkey’s location as a hub between Europe, Middle East, Russia and former Soviet countries helps you expand your market.
With only a maximum of 4-hour flight, your products can reach customers in growing jewelry consuming countries.
STRONG INSTITUTIONS
Turkey has a strong legislative framework for import and export of diamonds; and strong institutions such as Borsa Istanbul and Jewelry Exporters Assembly, who will be the voice of your business in Turkey.
NO TAX FOR DIAMOND TRADE
Turkey offers advantageous tax incentives for diamond sector.
Special consumption tax for diamonds has been abolished and VAT exemptions are introduced.
Diamonds can be imported to Turkey with zero tax.
BOURSE ISTANBUL
The service charges of Borsa Istanbul are below 0,5%, even if trade happens between the members of Borsa. No VAT will be generated for registered transactions.
NO TAX TO EUROPEAN UNION FROM TURKEY
Customs Union with the EU saves your business from custom taxes between Turkey and EU member states.
OPEN BANK ACCOUNT IN ONE WEEK
There are more than 8 banks focused on financing the jewelry industry, opening a bank account has never been this fast, only takes one week.
EQAUL RIGHTS FOR EVERYBODY
Turkey proudly provides national treatment for foreign investors:
-Equal rights and equal obligations with local entrepreneurs
-No discrimination between foreign and local investors
-No pre-entry screening
-No minimum capital requirement
-No sponsorship requirement; own and control your business 100%
-Starting your business in Turkey is quite simple and easy:
-Go to a trade registry with your passport and establish your company same day.
BE TURKISH CITIZEN
Turkey offers citizenship opportunity for foreign investors who:
– invest 2 million dollars in a production business
-purchase real estate worth of minimum 1 million dollar
– generate employment for at least 100 people
-deposit 3 million dollars for three years at a bank operating in Turkey
-purchase government debt instruments of 3 million dollars and keeps for 3 years.
Foreign investors may qualify to receive Turquoise Card which provides permanent work permit and residence; plus, right of residence to investors’ dependents.
For more information and assistance please contact us by the Email address bellow or fill the contact form on the right side of this page.
