According to the Organization for Economic Cooperation and Development (OECD), Turkey possesses one of the most favorable liberal tax climates for attracting and nurturing Foreign Direct Investment (FDI) – which is the category of investment that the Turkish CIP falls into. Further, the Turkish tax climate is territorial-based, exempting most foreign-generated income – such as foreign dividends and capital gains. And the Turkish government maintains and regularly updates an extensive number of tax incentives for businesses.