Research Article

Screening of Foreign Investment in the Context of Turkmenistan’s FDI (Foreign Direct Investment) Regime

Volume: 40 Number: 1 June 30, 2020
  • Farruhbek Mumınov *
  • Alp Emre Varol
TR EN

Screening of Foreign Investment in the Context of Turkmenistan’s FDI (Foreign Direct Investment) Regime

Abstract

Since the fall of the USSR, Turkmenistan has made some progress in the development of its national economy and its ability to attract foreign investment. Although Turkmenistan is considered an attractive destination due to its rich natural resources, the country’s FDI regime, including its admission procedures, lacks transparency and predictability. From the perspective of foreign investors, the host state’s FDI regime plays a crucial role. Without considering a host state’s FDI regime, foreign investors may be at risk of losing their investment due to lack of transparency or an unpredictable legal environment. Requirements related to the admission of foreign investment may differ between countries. Unlike most countries, which usually limit the scope of admission requirements (national security concerns), Turkmenistan’s FDI regime imposes stricter requirements on foreign investors during the entry process. It is understandable that Turkmenistan may expect to maximize the benefit of foreign investment while minimizing its negative effects on the national economy. However, a lack of clear and transparent admission requirements leaves a large amount of discretion with various administrative bodies. This makes admission requirements unpredictable and dissuades foreign investors from investing in the host country. This article scrutinizes the admission requirements related to foreign investment in the entry stage in the Turkmenistan FDI regime.

Keywords

Supporting Institution

The author declared that this study has received no financial support.

References

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Details

Primary Language

English

Subjects

Law in Context

Journal Section

Research Article

Authors

Farruhbek Mumınov * This is me
0000-0002-1559-3879
Türkiye

Alp Emre Varol This is me
0000-0002-4306-0607
Türkiye

Publication Date

June 30, 2020

Submission Date

September 16, 2020

Acceptance Date

March 4, 2020

Published in Issue

Year 2020 Volume: 40 Number: 1

APA
Mumınov, F., & Varol, A. E. (2020). Screening of Foreign Investment in the Context of Turkmenistan’s FDI (Foreign Direct Investment) Regime. Public and Private International Law Bulletin, 40(1), 417-435. https://izlik.org/JA79YS95BE
AMA
1.Mumınov F, Varol AE. Screening of Foreign Investment in the Context of Turkmenistan’s FDI (Foreign Direct Investment) Regime. PPIL. 2020;40(1):417-435. https://izlik.org/JA79YS95BE
Chicago
Mumınov, Farruhbek, and Alp Emre Varol. 2020. “Screening of Foreign Investment in the Context of Turkmenistan’s FDI (Foreign Direct Investment) Regime”. Public and Private International Law Bulletin 40 (1): 417-35. https://izlik.org/JA79YS95BE.
EndNote
Mumınov F, Varol AE (June 1, 2020) Screening of Foreign Investment in the Context of Turkmenistan’s FDI (Foreign Direct Investment) Regime. Public and Private International Law Bulletin 40 1 417–435.
IEEE
[1]F. Mumınov and A. E. Varol, “Screening of Foreign Investment in the Context of Turkmenistan’s FDI (Foreign Direct Investment) Regime”, PPIL, vol. 40, no. 1, pp. 417–435, June 2020, [Online]. Available: https://izlik.org/JA79YS95BE
ISNAD
Mumınov, Farruhbek - Varol, Alp Emre. “Screening of Foreign Investment in the Context of Turkmenistan’s FDI (Foreign Direct Investment) Regime”. Public and Private International Law Bulletin 40/1 (June 1, 2020): 417-435. https://izlik.org/JA79YS95BE.
JAMA
1.Mumınov F, Varol AE. Screening of Foreign Investment in the Context of Turkmenistan’s FDI (Foreign Direct Investment) Regime. PPIL. 2020;40:417–435.
MLA
Mumınov, Farruhbek, and Alp Emre Varol. “Screening of Foreign Investment in the Context of Turkmenistan’s FDI (Foreign Direct Investment) Regime”. Public and Private International Law Bulletin, vol. 40, no. 1, June 2020, pp. 417-35, https://izlik.org/JA79YS95BE.
Vancouver
1.Farruhbek Mumınov, Alp Emre Varol. Screening of Foreign Investment in the Context of Turkmenistan’s FDI (Foreign Direct Investment) Regime. PPIL [Internet]. 2020 Jun. 1;40(1):417-35. Available from: https://izlik.org/JA79YS95BE