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2026-04-08 21:38:40
[Turkey Makes a Big Move: Istanbul Financial Center Expands Tax Incentives to Attract Safe-Haven Funds from the Middle East] ⑴ Turkey plans to expand tax incentives in the Istanbul financial center to attract global companies, especially those leaving conflict-affected areas, and to promote Istanbul as a regional financial hub. ⑵ The new law will increase incentives for companies located in the financial center, aiming to attract companies from the Gulf and East Asian regions amidst the instability in the Middle East. ⑶ This move demonstrates Turkey's strategy of seizing the window of opportunity presented by geopolitical instability to capitalize on the relocation of funds and institutions. If the tax reform is implemented, it will enhance Istanbul's competitiveness for regional headquarters. Further attention should be paid to the specific implementation details and the actual response from international companies.
