Why Turkey?

Türkiye attracts the attention of many investors with its geographic location and various investment advantages. In this context, Turkey has become an attractive destination for foreign business owners to invest and expand their business abroad. Türkiye is strategically located on the Anatolian Peninsula and partly on the Balkan Peninsula. Ankara, Izmir and Bursa, as well as other major cities in Turkey, are the next cities chosen by investors. If you are asking why I should invest in Turkey, you have come to the right place. Now let's look for the answer to the question why Türkiye.

Why invest in Turkey?

To the question why invest in Turkey, the following answers can be given.

Excellent location and infrastructure

Turkey's strategic location spans Asia and Europe. Cities like Istanbul, Ankara, Adana, Izmir or Bursa are some of the best options for businessmen who want to establish their companies in this country. In addition to the developed maritime sector, access to the Black, Marmara, Aegean and Mediterranean seas was of great importance for the country's economy. Approximately 8,500 km of coastline have important and developed ports for the smooth functioning of trading activities.

Turkey's railway system is about 11,000 km long and is being improved daily through modern and well-planned government reforms. This is an important transmission in Turkey that has a direct impact on various sectors of the economy inside and outside the country. In addition, the road network is very stable and covers about 383,000 km.

Industries with high potential

The energy, construction, chemical and automotive industries provide people with an excellent working environment. Turkey, where the tobacco industry is also extremely attractive, is the third largest exporter of tobacco products. Along with these important sectors, manufacturing accounts for about 30% of annual GDP. Due to the country's excellent location and mild climate, the tourism sector has been developed with the full potential of businessmen, numerous rooms, hotels and upscale buildings. Foreign investors and those who decide to set up a company in Turkey have the opportunity to hire the existing workforce there.

Turkey's Foreign Investment Law provides accessibility and a suitable approach for all foreign entrepreneurs. In terms of taxes, many companies are exempt from certain fees, with corporation tax set at 20%.

Simplified business formalities in Turkey

Turkey's business environment provides a number of benefits, including those related to the company registration process. In most cases, international entrepreneurs are engaged in the rapid establishment of a business, without resorting to seemingly complex bureaucratic procedures. The establishment process in Turkey has been simplified over the past few years in order to attract as many businessmen as possible. A limited liability company in Turkey is the most popular and used form of business due to the lack of strict incorporation rules.

You must confirm and reserve a name before registering.

Information about the company, its activities, general rules, business address, company owners, termination of operations and much more will be included in the articles of association;

Certain activities in Turkey require special licenses and permits;

Registration is mandatory for tax and social contributions in Turkey.

Population

Türkiye is a country with a population of 81 million people. Half of the population of Turkey, which is the most populous young country compared to the European Union, is under 31.7 years old. In this context, it can be stated that the country has a dynamic, young, multicultural and educated population structure.

TOskilled labor force

Given that 31.6 million people in Turkey are educated, it can be said that it has a highly skilled workforce.

Liberal and innovative investment environment

Infrastructure

With a highly developed infrastructure, Turkey is one of the most developed railways in the Middle East and Europe. It is also in constant development in the telecommunications and energy sectors.

Energy corridor of Europe

As an energy terminal connecting East and West, Turkey plays an important role in energy transmission.Turkey has the second-highest reform agenda among OECD countries due to restrictions on investment since 1977. The country has competitive investment conditions, a business-friendly environment that offers the establishment of a company within an average of 6 days. At the same time, all investors in the country are treated equally.

Opening a branch or subsidiary in Turkey

Opening a branch or subsidiary in Turkey is not difficult if you obtain the necessary licenses and permits from the competent authorities. In this regard, a written decision of the parent company wishing to open a business in Turkey is required. A limited liability company may represent an appropriate form of business for branches and subsidiaries. However, another alternative could be a joint-stock company.

Large scale investments in Turkey

If there is an investment of at least TL 50 million in Turkey, it means that entrepreneurs are big investors. Most of these investments are in sectors such as oil and gas, pharmaceuticals, ports and fisheries, air, sea and land transport. Also, some may be interested in road, electronic or transit pipeline transportation, where there is a demand for foreign investment.

What are the priority investments in Turkey?

The following categories of investments can be the subject of any investment and attract the attention of many entrepreneurs:

Investments made in the accommodation industry in order to survive and develop in the tourism industry in Turkey.

Defense Industries approved by the Undersecretariat of Defense Industries.

Investments in the transport sector (sea, freight and land) in Turkey.

Demining, kindergartens, training aircraft and shopping centers.

Companies using waste heat generation.

Investors who have obtained an exploration license under the Mining Law in Turkey can invest in this area. In addition, some entrepreneurs may want to place their investments in OIZs or organized industrial zones and take advantage of a number of government incentives. It is important to know that investments made in the first three developed regions of Turkey can benefit from various benefits provided by the state if the investments are directed to the medium and high technology sector. This usually attracts international players who want to invest more than 1 million Turkish lira. The legislation governing foreign investment in Turkey is in line with international standards and all foreign investors are welcome in this country without any discrimination. Basic laws in the field of foreign investment No. 4875 and 5084 and their main purpose is to encourage foreign investment and protect the rights of investors. Any foreign citizen is free to invest in Turkey as long as he abides by local laws. Before starting an investment in Turkey, a foreign entrepreneur must know the basic rules for doing business in this country.

If you want to invest in Turkey and get professional support in this regard, all you have to do is contact us.