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President Recep Tayyip Erdogan stated Wednesday that Türkiye has reinforced its role as a "safe haven" for global investors during the Iran war, adding that the recently announced incentive program with broad tax perks will soon be submitted to parliament for approval.
Speaking at his party’s parliamentary group meeting on Wednesday, Erdogan stressed that Ankara is moving ahead with steps to turn the country into a global hub for production, trade, logistics and investment.
"We have taken steps that will make Türkiye a global center of attraction," Erdogan said.
Last week, the government introduced a broad set of tax incentives aimed at improving the investment climate and attracting foreign companies.
The package brings together tax cuts, exemptions and targeted benefits, with officials looking to position Türkiye as a stronger base for international business. The move comes as the Iran war pushes companies in the region to rethink their operational hubs, traditionally centered in cities like Dubai.
A central element of the plan focuses on the Istanbul Financial Center, where firms are set to receive expanded tax advantages.
Under the proposal, companies relocating regional headquarters to the center will be able to deduct 100% of income earned there from corporate tax for 20 years, while 95% of income generated outside the center will also be eligible for deductions.
Erdogan also pointed to the ongoing "terror-free Türkiye" initiative as another key driver of economic growth, arguing that resolving the issue would accelerate the country’s long-term development.
"There is a positive atmosphere, and what needs to be done is clear. The process is moving as it should," he said.
He framed the initiative as an effort to remove one of Türkiye’s biggest structural barriers, strengthen democratic politics and ensure long-term stability.
"We set out on this path not for ourselves, but for Türkiye’s bright future," Erdogan added, emphasizing a commitment to continue the process with "patience, sincerity and determination."
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