Russians ranked first in the number of companies opened in Turkey by foreigners

According to the Turkish Statistical Institute, Russians are ranked first in the number of companies opened by foreigners in Turkey in April. Last month, they registered 136 companies, 112% up from a month earlier.

Turkey is among the most friendly jurisdictions that are being considered by sole proprietors and larger legal entities to partially or entirely relocate their business related to international trade from Russia, in the face of sanctions.

By Editorial

28.05.2022

Sanctions Context

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SANCTIONS CONTEXT

The Russian Export Center ready to test transactions in cryptocurrency

Hoff to consider buying or leasing IKEA’s production and retail spaces in Russia

IKEA to sell all four of its factories in Russia

Requirement to sell exports’ earnings in foreign exchange cancelled as confirmed by the government

Key rate cut back to the pre-sanction level

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Russians ranked first in the number of companies opened in Turkey by foreigners

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