In the following article we will discuss the reasons why Turkey has been a unique country for investment, trade, establishment of companies and the start of business activities
It is known that Turkey is one of the most beautiful countries in the world and it is a country of great importance due to its commercial location and the link between Asia, Europe and the Middle East, and Turkey has attracted many foreign investments for many years. This is why many companies and businesses open branches in major cities such as Istanbul and Ankara, with branches and offices in small cities in Turkey. But the question is, how can you establish a business in Turkey? Can foreigners establish a private company in Turkey?
The answer is definitely yes, it can. If you are thinking about setting up a business in Turkey, there are many options available, but you should first make certain legal procedures and do a little research with the relevant parties. You can establish a private limited company in Turkey by two or more non-Turks.
Before you start your company, you should consult with the competent authorities to obtain the requirements and laws of establishing companies. There are many options that you can get counseling through, first a lawyer. You should be confident that you are the person who offers you legal advice and an excellent knowledge of the laws of establishing companies in Turkey and has prior experience in dealing with foreigners in similar cases. In addition, you can obtain legal advice by:
- Turkish embassy
- Business rooms in Turkey
Areas suitable for investment in Turkey
Public trade, industry, agriculture, food, real estate, automotive, healthcare and pharmaceuticals, communications and information, financial services, advertising design, publications and other areas.
Reasons for investment and establishment of companies in Turkey
The most important reasons for investment in Turkey:
The successful economy of Turkey
With GDP rising more than threefold to US $ 851 billion in 2017, up from US $ 231 billion in 2002, as well as Turkey's stable economic growth if the real annual growth rate of real GDP Averaging 5.8% between 2002 and 2017. It is also expected to become one of the fastest growing economies within the Organization for Economic Co-operation and Development (OECD) during the period 2018-2019, with an average annual growth rate of real GDP of 5.0% (OECD). Turkey's economy is the world's 13th largest economy and fifth largest economy compared to the European Union in 2017.
Liberalized and reformed investment climate
Turkey's investment climate is the second-largest in terms of reforms among OECD countries in terms of restrictions on foreign direct investment since 1997. The business environment encourages business and the ease of establishing a company in Turkey. You can establish a company in Turkey at a rate of 6.5 working days, From the intense competition in investment in both industry and services. And dealing with foreign investors and Turks by the Turkish government the same laws as the difference in treatment as well as the existence of large facilities for foreign investors.
Turkey has high-tech infrastructure in transport, communications and telecommunications, as well as low-cost, low-cost shipping, as well as rail transport to central and eastern Europe, and direct transport routes directly to most EU countries.
Turkey is a natural bridge linking the Eastern and Southern North Eastern Axis, as well as easy access to 1.7 billion customers in Europe, Eurasia, the Middle East and North Africa, and a multi-market gateway to 25 trillion US dollars of GDP.
Incentives and low taxes
Reduction of corporate income tax from 33% to 20% (22% for 2018, 2019, and 2020).
Customs Union with the European Union since 1996
The establishment of the Customs Union with the European Union since 1996, and the Free Trade Agreements (FTA) with 21 countries. As well as ongoing negotiations to join the European Union.
Real estate investment in Turkey
Buying a property in a project under construction in a vital area or strategy and then selling it after the project ends at a higher price. The most attractive current investors in Turkey are looking for apartments for sale under construction in Istanbul.
Investment of land for sale in Turkey with strategic locations that may be included in the planning schemes of cities or the construction of housing complexes on them later, and then sold twice as many.
Buy an old property and then renew it, improve it and sell it at a higher price.
Buy a ready-made apartment in a project and rent it to ensure a fixed monthly return.
Agricultural and food investment in Turkey
Turkey has an estimated 11,000 species of vegetable and fruit varieties, while the total number of plant species in Europe is 11,500 species.
Turkey is a world leader in the production of dried figs, nuts, raisins / currants and dried apricots.
It has the highest production rate of milk and dairy products.
The most prominent investment projects in Turkey currently
Turkey is undergoing a 20-year reconstruction project in Istanbul, for example, to renovate Turkey's old properties and turn them into luxurious apartments for sale in Turkey, farms and luxury villas for sale. This is an investment project involving about 6.5 million real estate units.
The Turkish investor will not be alone in this investment, has opened the Turkish investment law for the citizens of 183 countries the door towards investment and this gives foreigners a successful investment opportunity to contribute to this architectural activity. And enter a number of Arab countries, especially the Gulf countries within the countries allowed to its citizens to buy and invest real estate in Turkey.
Investors set up in Turkey
The investor can get a job in Turkey after the establishment of a company with a capital of 100000 Turkish liras, this residence is different from the rest of the types of residences such as tourism, as the owner of more than five years the right to offer for Turkish citizenship, and according to Turkish law new owner of this residence all Rights of Turkish investors, having the right to attend business meetings and work with Turkish trade organizations.