India's FDI inflows reached US$84.84 billion in 2021-22. Total FDI inflows from 2000-2024 reached US$1.03 trillion. India ranked 40th in World Competitive Index 2024. India secured third-highest greenfield project investment in 2023
Foreign tax credit available up to Turkish CIT for foreign income. Unused credits can be carried forward for three years. Construction and repair income from foreign activities exempt from CIT
FDI involves controlling foreign assets for long-term business strategy. Portfolio investment focuses on stocks and bonds without control. FDI can be inward (from other countries) or outward (from home)
Turkey offers VAT and customs duty exemptions for machinery investments. Minimum investment ranges from TRY 1.5M to TRY 3M depending on location. Regional incentives provide more generous support in less developed areas
Investors must apply officially to receive support from the program. Projects must be well-informed about location, industry, capacity and investment amount. Applications can be made to Ministry of Economy or local chambers of industry
Income tax ranges from 15% to 35% for individuals. Corporate tax is 22%. VAT is 18%. Property tax is 1%. Capital gains tax is 15%