FOREIGN INVESTMENT IN TURKISH TOURISM SECTOR

The Ministry of Culture and Tourism is the main regulatory body in Turkey's tourism sector. All issues relating to investments in the tourism sector are handled by the General Directorate for Investment. There is also a private entity called the Turkish Tourism Investor Association, which was formed to serve as a meeting point for entrepreneurs investing in the tourism sector and to provide assistance for future investment plans.

A foreign pr local investor that has a tourism investment certificate can benefit from the following incentives:

 

1. Tax reduction

2. Investment loans

3. Investment premiums

4. Access to tourism development funds

5. Loans with low interest rates and long maturity

6. Partial customs duty exemption

7. Land allocation