Turkmenistan - Country Commercial Guide
Market Challenges
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  • The judicial branch operates under direct instruction from the executive.
  • Lack of consistent, transparent business legislation and sanctity of contracts.
  • Laws and regulations are subject to change and contradictory interpretation by various government agencies and officials.
  • Most industry is controlled by the government and communication is slow, as it typically must be conducted via diplomatic notes to the Ministry of Foreign Affairs.
  • Corruption is pervasive and endemic at all levels of the business stream.
  • Turkmenistan’s business owners and entrepreneurs  often lack knowledge of or adherence to standard Western business practices.
  • Foreign businesses in Turkmenistan face steep barriers to collecting on bills owed by government ministries.
  • Companies face tight foreign exchange controls.
  • Turkmenistan’s visa procedures are cumbersome and time-consuming.
  • Unreliable Internet access and slow download and upload speeds can hinder business. The Government of Turkmenistan regularly blocks certain mainstream websites and Virtual Private Networks (VPN).