Usually, one of the concerns of investors when investing in foreign countries is investment security. In addition to making a profit, it is very important to maintain the initial capital.
One of the investment standards is avoiding corruption. Unfortunately, public and private organizations in Turkey suffer from high levels of corruption and receive bribes. The security of investing in a country can also be distinguished from its judicial system. It is very important that the judicial system is free from corruption. Unfortunately, the level of corruption in the Turkish judicial system is high and there is no independence of action.
However, Iran and Turkey have signed bilateral trade agreements that can guarantee the security of your investment to some extent and facilitate investment in Turkey. These agreements include:
Investment Promotion and Protection Agreement
The agreement ensures a favorable economic environment for investors by setting business standards. This agreement guarantees that the investor's property will not be confiscated, except in exceptional cases where the investor's property may be confiscated in the public interest after legal procedures.
Dual tax prevention agreement
This agreement ensures that taxes are paid in only one of the two countries and that investors in both Turkey and Iran are not required to pay taxes.
