About Turkey

Imagine Sharazade of the 1001 Nights dancing exotic belly dance in a mystical palace while you are eating Turkish delights, washed down with the aroma of strong Turkish coffee with your business partner while talking about a new business venture in the oldest and most exotic empire in the old world. How can we even begin telling you about Turkey?

Turkey is a jewel whose civilization is older than the ancient Greeks and has been part of the world's richest empires since the dawn of civilization. It's been the meeting point of the Persian empires and the nations of the East and the Western empires since the beginning of civilization.

Mundo’s Freedom Rating

Mundo's country rating is essentially a freedom index whereby our team of specialists rates a combination of freedoms which include freedom from violence and personal attacks, financial freedom from high taxes and other government levies, and business freedom from government interference.

Political stability: 7 

Turkey is a country with considerable political stability. The country has been ruled by the same political class since 2003 and especially by the former Prime Minister (2003-2014) and afterward, President Recep Tayyip Erdogan. Its sustained economic growth and accurate foreign policy towards Europe and the Middle East have enabled it to enjoy stability enough to improve the country. 

Free Zone Companies and Incentives in Turkey

Turkey has over 100 free zone options which allow companies to operate 100% tax free on local and domestic profits. A Free-zone company has the same advantages of an offshore zone, except that it is recognized by the OECD as an operating company and is not blacklisted. Therefore, you have the best of both worlds. Consider that the free zone system is ideal for large and medium companies, and has numerous advantages including:

Zero taxation.

A very strong and independent banking system.

The ability to invest 50% of profits or funds in passive income, such as stocks bonds and other investments.

No sanctions or blacklists.

It can be used as a base for IT development, internet and high-tech.

Corporate Services

Apart from the fact that Turkey is an independent and powerful nation with a vibrant economy and has one of the lowest tax rates in Europe, there are several other lesser-known secrets that our Mundo corporate and accounting experts have identified for using Turkey as part of your tax optimization strategy. Let us look at several of these:

Turkey recognizes the concept of a branch office or subsidiary or representative which means your foreign company can register a Branch office utilizing Turkey and its banking system as a base. The branch office will pay taxes (only 20%) on its corporate profits in Turkey from Turkish sources, but will not pay taxes on non-Turkish sourced profits. This means you gain the benefits of a powerful banking and corporate system which is fully compliant with all OECD requirements whilst having tax optimization.

Citizenship by Investment in Turkey

Can you imagine having a passport that gives you access to 114 countries in the world from the thirteenth largest economy in the world, free entry to the states of the European Union, and the possibility to apply for the American E-2 visa? What if we told you could have all that for a $250,000 investment?

Turkey's Citizenship by Investment program, announced in 2016, has become one of the most popular programs in the world. What makes it so attractive? That for just a $250,000 investment, you can apply to become a Turkish citizen.

Yes, as you read it. By investing US$ 250,000 in a real estate property, you can enjoy all the legal benefits of Turkish citizenship, plus having a profitable, robust investment.

Real Estate and Investments in Turkey

When we talk about Turkey, it comes to mind a country with enormous cultural, political and economic wealth for various reasons. Taking into account that it is located between Eastern Europe and the entrance to the Middle East, this country is considered as the gateway that divides both regions. 

After being the epicentre of important empires throughout history such as the Greek, Roman, Persian, Ottoman, among others, in the twentieth century, Turkey began a process of modernization that would allow them to grow politically and economically in a world that was going through two world wars and then, the Cold War. 

Banking Services

Turkey represents a robust an powerful banking system which is politically independent from Europe, The United States, China and Russia, and even the Arab world, which makes it a gateway for trade between these powers this means that having an account in a Turkish Bank is a sort of political risk insurance policy for your money.

It is not a secret that Covid-19 increased the risk of banks freezing money and governments are increasingly using political sanctions to justify bank freezing. Turkey does not bow to this pressure and is itself a powerful OECD partner. So, as long as you play by Turkish rules to hold your money, you can be relatively safe from interference. In other words, Turkish banks don’t need or rely on correspondent banking relationships with the other superpowers and therefore present an ideal banking diversification strategy.

Citizenship Programs

Today´s world is full of uncertainties and having a second nationality can save your life. If you are looking for a plan B and you are wondering which is the best citizenship option to ensure your future, then you should definitely consider Turkey. In Mundo Offshore we do not hesitate for a second to recommend this country to investors from all over the world

Being a Turkish citizen will put you in the center of the world. With one foot in Europe and one in Central Asia, you will have access to 110 countries without the need to process a VISA. You will be living in one of the most dynamic and active markets on the planet. With the safeguard of a tolerant society, no matter what your creed or origin is, you are here to do business.

Turkish Residency

Having a passport that gives you access to more than 110 countries, as well as being from one of the most important countries in terms of economic growth in recent decades, Turkey, would be an incredible thing for anyone in the world. 

With a huge culture, as well as several major cities, Turkey is simply an attractive place to live and to do business. People from all over the world would want to settle down in this country. 

Not to mention the advantageous geographical location being the bridge between Europe and the Middle East, Turkey has a vast territory with diverse climates pleasant to anyone, especially in the regions close to the Mediterranean Sea. 

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