Invest - Tourism Investments

Tourism developments are actively encouraged by both the local government and the government of Turkey and therefore many incentives, funding assistance and tax breaks are available.

• An INTEREST FREE LOAN is available from the government. A percentage of the total development cost can be borrowed from the development bank which has annual funds of 100 million dollars at its disposal to aid such projects.
• The loan can be repaid over a TEN YEAR period with an initial TWO YEAR repayment deferral.
  
• ALL PROFITS made by the tourist developments are VAT and TAX EXEMPT for a period of TEN YEARS.
• There are no restrictions on how much foreign currency can be brought into and removed from the country.

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