A seminar organized by ETO in collaboration with PwC Turkey and Ekonomi Gazetesi provided firms looking to expand internationally with insights on accessing new markets, tax applications, incentives, risk management, and financing.
The seminar titled “Expansion of Family Businesses to the World and Current Tax Issues” was held at the Mustafa Çekiç Meclis Salon, hosted by ETO in collaboration with PwC Turkey's Audit, Tax, and Consulting Services and Ekonomi Gazetesi. During the opening ceremony, ETO Board Member Hüsnü Ünalan stated that the seminar presents an opportunity for firms wanting to learn about international expansion and tax details. He emphasized that the seminar would open new horizons for ETO members looking to enter new markets and thanked those involved in organizing the event. Ali Baş, the Regional Representative of Ekonomi Gazetesi, remarked that the event provides a valuable platform for monitoring the pulse of the business world and progressing more confidently into the future. He added that it is crucial for family businesses to understand and strategically use current tax issues to grow sustainably and compete internationally.
Turkish Companies' Foreign Investments Reach $5 Billion
During the seminar, Burcu Canpolat, Leader of Tax Services at PwC Turkey, highlighted that PwC has supported companies in their growth for 42 years, assisting Turkish companies in their foreign investments. Canpolat pointed out that Turkish companies have significantly increased their foreign investments since 2002, which now total $5 billion. The countries most preferred for investment by Turkish companies include Romania, Germany, the USA, Russia, and the Netherlands. The sectors with the highest investment include mining, manufacturing, finance and insurance, real estate, and construction.
ETOs Members' Questions Thoroughly Answered
The seminar featured presentations by PwC Turkey partners Burcu Canpolat, Özlem Güç Alioğlu, and Yasemin Bekgöz, who provided detailed information on the critical factors for making investments abroad, tax practices in potential investment countries, and investment and incentive processes. The discussion also covered the importance of accessing new markets and foreign currency earnings, key considerations when making investment decisions, as well as risk management and financing. Additionally, ETO members' questions regarding foreign investments were answered in detail.
