Turkmenistan is largely a desert country with intensive agriculture in irrigated oases and sizeable gas and oil resources.
An overview of the economy from the Asian Development Bank
The climate of Turkmenistan is strictly continental and very dry, since the country is not surrounded from an ocean. The summer is very hot and mostly dry, but sometimes local cloudbursts and thunderstorms can occur, which can sometimes be quite heavy.
Turkmenistan’s economic growth in the first half of 2015 was reported at 9.1%, lower than in the first half of 2014. Growth was driven by expansion in industry by 6.2%, construction by 12.1%, agriculture by 11%, and services by 11.6%.
A consultant’s 10 steps to incorporate a company in Turkmenistan
Branches of foreign legal entities are subject to a 20% CIT, whereas Turkmen legal entities are subject to an 8% CIT (or 2% CIT in cases where the company qualifies as a small or medium enterprise).
Current rates of profits tax are 8% for non‐governmental residents of Turkmenistan 20% of the profits for other legal entities 15% on dividends and other distributions to shareholders of legal entities
News items relating to labor law and regulations in Turkmenistan
Average prices of more than 40 products and services in Turkmenistan. Prices of restaurants, food, transportation, utilities and housing are included
Guide to travel, doing business, and studying in Turkmenistan – culture, greetings, gestures,etiquette, taboos, negotiations, gift-giving, and more.