Istanbul's opportunity to become the new wealth center of the EMEA region

Istanbul Chamber of Commerce President Şekib Avdagiç stated that Turkey's ambition to become a regional finance and wealth center has strengthened, noting that Istanbul has seized the opportunity to become the new wealth center of the EMEA region.

Global Conjuncture and Opportunities

Istanbul Chamber of Commerce President Şekib Avdagiç emphasized that Turkey's ambition to become a regional financial center is strengthening once again.

Istanbul is advancing toward becoming the new wealth center of Europe, the Middle East, and Africa by capitalizing on cyclical developments in rival wealth hubs.

Tax Incentives and Asset Amnesty

Drawing attention to the importance of measures taken by Turkey for foreign investors, it was stated that updates within the scope of the Medium-Term Program will support this process.

Applications such as a twenty-year tax exemption on foreign-sourced income and an asset amnesty have been implemented.

Search for Safe Havens

Regional developments and geopolitical tensions are among the key factors accelerating the search for safe havens on a global scale.

Istanbul holds significant advantages in this period when cities have entered a new race to attain regional safe haven status.

Istanbul's Advantages

Istanbul's geographical location and proximity to Europe constitute a genuine attraction for wealthy investors and international professionals.

It is stated that the headquarters of major companies can be attracted to the city thanks to the new incentives offered for long-term capital accumulation.