This country offers exotic landscapes, arid deserts, exaggeratedly rugged terrain, evaporated seas and even a large opening in the middle of the desert from which flames emerge. It is a geographic enclave of remarkable relevance as it connects the Asian and European markets.

For the UNCTAD organization, Turkmenistan is considered one of the top ten countries receiving foreign investment. Among its greatest strengths is that it is the tenth largest producer of natural gas in the world, the fourth largest natural gas reserve in the world and has large oil reserves.

AT THE TIME, IT WAS PART OF THE SO-CALLED SILK ROAD.

Agriculture is the second area of investment, with the hydrocarbon sector as its main source of income. Turkmenistan is known for cheap labor and for the quality of its products such as wool, hides and cotton lint.

In the last 5 years Turkmenistan has developed important projects that will allow it to be considered as an attractive country for foreign investors in trade and business.

The Free Economic Zones Law for the establishment of new companies in the customs area, licenses and other regulatory benefits has become since 2017 one of the best benefits offered by this peculiar country to investors.

Companies that integrate this free economic zone system will have the following benefits such as income tax exemption, VAT exemption, exemption from commercial licenses, and customs duties for goods to be exported and imported.

Despite being considered as a country that hinders the creation of a favorable environment to attract foreign investors due to the scarce information according to the Doing Business study, the newly created ZEF aims to create a safe, transparent, competitive and reliable environment to attract foreign companies and investors to this particular country.

Due to the novelty of this ZEF Law, and the very high government presence and control in all economic, banking and financial areas, a partnership with a Turkmenistan resident company is recommended.

For more information about companies, investments, contact the experts at Foster Swiss. We help you with practically everything: we advise you from the moment you choose a corporate structure for your company up to one year after incorporation. And of course we take over the entire process for you.

For more information on this topic or any other request related to our services, you can contact us directly at info@fosterswiss.com