Istanbul, a vibrant tapestry of history and modernity, beckons foreign investors with its strategic location, thriving economy, and stunning beauty. As a CPA accounting and law office dedicated to guiding foreign investors through the intricacies of Istanbul’s business landscape, we understand the multitude of questions that arise when considering an investment here.
In this article, we delve into the most frequently asked questions by foreign investors, equipping you with the essential knowledge to navigate your investment journey in Istanbul with confidence.
1. Real Estate Investment and Ownership:
- Can foreigners own property in Istanbul? Absolutely! Foreign ownership of property has been encouraged by Turkish law since 1934.
- What are the legalities of purchasing real estate? We can help you understand the process, including the minimum investment amount required for residency permits through property ownership.
- Are there any restrictions on the type or location of property I can buy? Our legal expertise ensures you understand any zoning regulations or limitations.
2. Business Setup and Regulations:
- What are the different business structures available for foreign investors? We’ll guide you through the options, such as Limited Liability Companies, to find the one that best suits your needs.
- What are the legal and tax implications of setting up a business in Istanbul? Our team of CPAs will ensure you comply with all tax regulations and benefit from potential tax incentives.
- What are the procedures for obtaining work permits for foreign employees? We can assist you with navigating the work permit process for your international staff.
3. Residency and Citizenship:
- Can I obtain residency through property investment? Yes, the minimum investment threshold for residency permits linked to property ownership can be discussed during your consultation.
- What are the benefits of Turkish citizenship? Turkish citizenship offers advantages like visa-free travel to many countries. We can advise you on the eligibility criteria and application process.
4. Banking and Financial Considerations:
- How can I open a corporate bank account in Istanbul? We can streamline the process of opening a corporate bank account to facilitate your financial transactions.
- What are the currency exchange regulations for foreign investors? Our team will ensure you understand the legalities surrounding currency exchange.
- What are the tax implications for foreign investors? We’ll provide clarity on tax obligations and potential tax benefits for foreign businesses.
This is just a glimpse into the range of questions we can address. At your CPA accounting and law office, we are committed to providing comprehensive guidance and support throughout your investment journey in Istanbul.
Contact us today to schedule a consultation and unlock the exciting possibilities that await you in Istanbul!