Property for sale in Turkmenistan

1/ Capital: Ashgabat

Is the capital and largest city of Turkmenistan, a country in Central Asia. It has a population of 695,300 (2001 census estimate) and is situated between the Kara Kum desert and the Kopet Dag mountain range.

Is a Turkic country in Central Asia. The name Turkmenistan is derived from Persian, meaning "land of the Turkmen". The name of its capital, Ashgabat, is derived from Persian as well, loosely translating as "the city of loveliness".

Since independence, the Turkmenistan government has sought to build a business environment that would attract foreign investment as well as facilitate the growth and privatization of its own businesses. Since 1992, Turkmenistan has developed several joint-ventures with international companies involved in the oil and gas industry, transportation, and agriculture. The government continues to look for interested parties who could build business relations with Turkmenistan in other industries such as agriculture, infrastructure, communication, food processing and packaging and many others.

Turkmenistan is looking at every opportunity to encourage development, and at the same time maintain the country ís commitment to building stability and peace.

Turkmenistan allows land leases to foreigners, for any period. But the risks are high. Not least is the foreign exchange risk presented by Turkmenistan's currency, the Manat.

Turkmenistan has also proven its commitment to the growth of its energy market by implementing favorable foreign investment laws. In 1993, Turkmenistan enacted the Law on Foreign Investment. It defines opportunities for foreign investment and allows foreign investors to act as depositors, creditors and buyers. It protects foreign investors against changes in Turkmen legislation, and provides equal protection for property.

Foreign investors can buy property for sale in Turkmenistan directly or through Turkmen legal entities or private individuals. Under the law passed in 1992, foreign investors were only allowed to set up joint ventures with state-owned companies.