With proportion of more than 103 % in 2018, number of foreign-own companies in Turkey witnessed a significant increase during the first half of 2018, compared to the same period in 2017.
According to the data of the Turkish Federation of Chambers and Exchanges, the number of companies set up in the country with foreign capital during the first half of 2018 increased by 103.7 %, compared to the same period last year, to reach 5,782 companies during the mentioned period.
The data also demonstrated that, 580 of those companies are in "joint stock companies" list, and the rest are "limited liability" companies, according to Anadolu Agency.
The first 6 months of 2018 witnessed the establishment of 420 joint-stock companies, while the number of limited liability companies reached 2,418 companies.
At the level of the states in which foreign companies were concentrated, Istanbul came at the top of the list, followed by Bursa, Ankara, then Izmir, Gaziantep, Antalya, Hatay and Mersin.
It is worth mentioning that the Turkish government has, in recent years, provided facilities and privileges to owners of foreign capital, with the aim of encouraging and attracting foreign investment.
