Turkmenistan Allows 49% Foreign Direct Investment in the Country’s Insurance Industry

Date: 2015-09-10

“• Ministry of Finance (MOF) is responsible for the development and implementation of insurance activities in Turkmenistan.

• The government of Turkmenistan allows 49% foreign direct investment in the country’s insurance industry.

• Effective from March 1, 2013, ecological insurance was made compulsory for all types of business organizations conducting activities that carry environmental risk.

• Composite insurance is permitted in Turkmenistan. 

• Insurance products and services are exempt from VAT.”

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