{"id":30426,"date":"2026-04-10T11:55:53","date_gmt":"2026-04-10T09:55:53","guid":{"rendered":"https:\/\/prizrenpost.com\/en\/can-istanbul-rival-dubai\/"},"modified":"2026-04-10T11:55:54","modified_gmt":"2026-04-10T09:55:54","slug":"can-istanbul-rival-dubai","status":"publish","type":"post","link":"https:\/\/prizrenpost.com\/en\/can-istanbul-rival-dubai\/","title":{"rendered":"Can Istanbul rival Dubai?"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/prizrenpost.com\/en\/wp-content\/uploads\/2026\/04\/Istanbul-Financial-Centre.jpg.webp\" style=\"width:100%;height:auto;margin-bottom:20px\"><\/p>\n<p>As the US-Israel war against Iran is reshaping the region&#8217;s geopolitics and exposing global capital centers in the Persian Gulf to risk, the Turkish government is actively seeking ways to lure UAE-based investors and international companies to relocate to Turkey.<\/p>\n<p>Top officials in Ankara are offering strong incentives to multinational companies, similar to those currently offered in the Center Istanbul Financial Corporation (IFC), in the hope that fears of Iranian attacks on Dubai and Abu Dhabi will drive businesses to a safer haven.<\/p>\n<p>The IFC already offers significant advantages where income from exported financial services is fully deductible from corporate tax, while internationally experienced staff enjoy exemptions from salary tax of up to 80 percent.<\/p>\n<p>In fact, analysts note that in on paper, these incentives are more competitive than Dubai&#8217;s, as the latter applies a 9 percent tax on banks and insurers.<\/p>\n<p>However, Turkey&#8217;s ambition to rival Dubai faces strong barriers related to domestic stability. International investors remain worried by inflation, which is expected to be around 25 percent this year, and by the continuous devaluation of the Turkish lira, which makes long-term planning difficult.<\/p>\n<p>The rule of law remains a significant problem. Unlike Dubai, which uses English common law and independent courts, Turkey relies on a legal system that is viewed with distrust by foreign bankers.<\/p>\n<p>In this respect, even high-level meetings, such as that of President Erdogan with 40 global leaders and BlackRock director Larry Fink, under the banner of the World Economic Forum, are seen as attempts to restore trust.<\/p>\n<p>Meanwhile, Turkey has a strategic advantage that the Gulf does not have: an extremely strong manufacturing sector and a massive domestic market of 85 million people.<\/p>\n<p>Experts suggest that if Ankara focuses on Chinese manufacturing businesses and the development of financial sectors such as insurance and wealth management, it can create a unique model that is not only based on low taxes, but on real economic value.<\/p>\n<p>Analysts estimate that the success of this plan will depend on the ability of government to guarantee legal certainty and to separate political interests from market rules. \/tesheshi.com\/<\/p>\n<p>We use cookies to improve the experience and display ads (Google AdSense).<br \/>\n          By clicking &#8220;Accept&#8221;, you agree to the use of cookies according to<br \/>\n          Privacy Policy<br \/>\n          and<br \/>\n          Cookies Policy.<br \/>\n          You can reject non-necessary cookies by clicking &#8220;Reject&#8221;.<\/p>\n<hr style=\"margin:30px 0\">\n<p style=\"font-size:13px;color:#666\">Source: <strong>prizrenpost<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the US-Israel war against Iran is reshaping the region&#8217;s geopolitics and exposing global capital centers in the Persian Gulf to risk, the Turkish government is actively seeking ways to lure UAE-based investors and international companies to relocate to Turkey. Top officials in Ankara are offering strong incentives to multinational companies, similar to those currently [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":30427,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-30426","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"views":51,"_links":{"self":[{"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/posts\/30426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/comments?post=30426"}],"version-history":[{"count":1,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/posts\/30426\/revisions"}],"predecessor-version":[{"id":30428,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/posts\/30426\/revisions\/30428"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/media\/30427"}],"wp:attachment":[{"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/media?parent=30426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/categories?post=30426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prizrenpost.com\/en\/wp-json\/wp\/v2\/tags?post=30426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}