Investing In Türkiye
Investing in Turkey offers diverse opportunities across sectors such as automotive, textiles, electronics, tourism, and construction, fueled by its strategic location, large domestic market, and ongoing economic reforms.
What Are The Benefits Of Starting a Business In Türkiye?
Starting a business in Türkiye offers unparalleled opportunities, thanks to its unique blend of advantages. Its strategic geographical location bridges Europe and Asia, providing easy access to multiple markets. Türkiye boasts a large and growing consumer market, fueled by a diversified economy and bolstered by a Customs Union with the EU. The government supports investments with attractive incentives, alongside ongoing economic reforms and substantial infrastructure development. The country’s rich tourism potential, young and skilled workforce, abundant energy opportunities, political stability, and access to regional markets make it a highly attractive destination for entrepreneurs and investors looking to capitalize on its dynamic and emerging market.
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BUSINESS
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Our professional services streamline your business operations, from licensing to compliance, ensuring efficiency and peace of mind.
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Navigate the visa process with ease, thanks to our expert guidance on applications and renewals for you and your employees.
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Optimize your financial health with our accounting and VAT services, designed to ensure compliance and maximize profits.
Why Invest In Türkiye?
As a democratic, constitutional republic, Turkey has become increasingly integrated with the West through its membership in organizations such as the Council of Europe, NATO, the OECD, and the G20 major economies. It has also fostered close cultural, political, economic, and industrial relations, particularly with the Middle East and the Turkish states of Central Asia, through the Organization of the Islamic Conference and the Economic Cooperation Organization.
Türkiye began full membership negotiations with the EU in 2005, having been an associate member of the European Economic Community since 1963 and having reached a customs union agreement in 1995. The country’s currency is the Turkish lira, and the official language is Turkish.
The Turkish passport provides its holders with visa-free or visa-on-arrival access to 110 destinations worldwide, including Hong Kong, Japan, and Singapore.
Successful applicants can enjoy citizenship in a country that boasts a mild Mediterranean climate, beautiful scenery, and a high standard of living. They also gain access to a transcontinental Eurasian country that is a stable economic, financial, and political hub between Europe, Western Asia, and the Middle East.
Full citizenship is granted to the applicant and included family members. Furthermore, successful applicants are eligible for an E-2 Investor Visa in the USA for a five-year renewable period.
Foreign investors can take advantage of the special benefits offered by the Turkish government to stimulate economic development. Low operating costs, tax incentives, and availability of local manufacturers. Separately, it is worth noting the young, skilled, and working-age population, which can be relatively cheaper than in the investor’s country.
FAQs
Are there specific legal requirements for foreign entrepreneurs?
Foreign entrepreneurs in Turkey must secure work and residence permits, adhere to specific company registration requirements, meet minimum capital obligations, and navigate tax regulations to ensure legal compliance.
What is the market like for my business in Turkey?
Assessing the market for your business in Turkey involves understanding the economic climate, consumer behaviors, and industry dynamics, which may vary depending on the specific sector. Conducting thorough market research will provide insights into demand, competition, and potential opportunities in the Turkish market.
Are there any incentives or exemptions for new businesses?
Yes, Turkey offers various incentives and exemptions to encourage and support new businesses. These incentives may include tax benefits, financial aid, reduced interest rates, and support for research and development.
