Turkey Plans to Broaden Incentives to Attract Multinationals

Turkey is working on plans to expand some of the business incentives offered at the Istanbul Financial Center to foreign companies across the country, part of a push to attract multinational firms and position itself as a regional business hub.

The Treasury and Finance Ministry is preparing legislation around some of the perks, which are currently limited to firms operating inside Turkey’s nascent flagship financial center, according to people familiar with the matter. The draft is expected to be submitted to parliament in the coming weeks, the people said, asking not to be identified because the discussions are private.