Turkmenistan is a sovereign state in Central Asia, bordered by Kazakhstan to the northwest, Uzbekistan to the north and east, Afghanistan to the southeast, Iran to the south and southwest, and the Caspian Sea to the west. Ashgabat is the capital and largest city. The population of the country is 5.6 million, the lowest of the Central Asian republics.

Capital: Ashgabat

Currency: Turkmen new manat

Timezone: UTC+5

Corporate tax rate: 8%

Personal tax rate: 10%

Capital gains tax: Taxed at standard tax rate.

VAT: 15%

Tax residence: 183 days rule: world income is taxed with some exceptions.

CFC Rules: No

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