!Reasons motivating you to invest in Turkey
1- Strong Economy: Turkish economy is among the strongest economy in the world ranking with rapid growth, which made the increment of the investments higher than the Normal rate.
2- Strategic Geographic Location: Turkey is located at the intersection between Asia and Europe, which sits on the important seas and land ports between the east and west. Therefore, this led to a decrease in the customs tax and opened opportunities to the international market because Turkey is the gateway of energy and finest products to Europe.
3- Touristic Stability in Turkey: Turkey receives millions of tourists each year from different places, this would increase the communications between the clients and different people from around the world to reach the largest possible number of customers. The importance of these tourists lies in the interaction inside the Turkish market and increasing the economy of the country.
4- Successful Environment for Work: The environment of work is very encouraging due to stability, trade, and ease of establishing a company inside Turkey. Foreign and Turkish investors are dealt with by the government with the same laws and there is no difference in treatment between foreign investors and legal investors. Additionally, great facilities and privileges are offered by the Turkish government to foreign investors.
5- Work Capacity and Experience: Workers in Turkey are characterized by high qualifications with a high production rate due to the long working hours in Turkey, which is average of 10 hours per day- and the low price of labor. This led to encouraging investment in Turkey for working people, especially when compared to the Gulf countries or even European countries.
6- Huge Domestic Market: In addition to its foreign exports, the Republic of Turkey includes a vast domestic market for various goods and products- food, health, and electronics.
7- Strong and Beautiful Infrastructure: Turkey has a strong and beautiful infrastructure in all sectors- transportation and railways, communications and wireless devices- and the energy sector that meets the needs of many European countries.
8-The large Arab Community in Turkey: The Arabs are mostly concentrated in major cities such as Istanbul and Ankara, which constitutes an additional reason for investing in Turkey and working in this market.
9-Turkish Citizenship:Investors can get Turkish citizenship by investing in multiple options that allow the investor to choose in proportion to the nature of his work, which is as follows:
1- Purchase of a company with a total amount of $500,000.
2- Purchase a property worth $400,000 with a pledge not to sell it for 3 years.
3- Deposit an amount of $500,000 in any bank in Turkey for a period of 3 years.
4- Buy shares worth $500,000 from Turkish Real Estate Investment Trusts (REITs), or from venture capital trusts (VCTs).
5- Purchase of government bonds in the amount of $500,000.
6- Employing 50 Turkish employees.
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What motivates the investors and businessmen to establish companies in Turkey?
The ease of establishing companies in Turkey, in addition to the governmental support and political and social stability that Turkey enjoys in the Middle East, encourages investors to establish their companies in Turkey. Also, Turkey’s proximity to the Arab world, and its endowment with the Arab Islamic character that is widespread in all its cities, constituted an additional factor for its preference by many Arab investors, also worth mentioning its distinguished geographical location that links Asia with Europe.
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What are the investment options for investors in Turkey?
1-Real estate investment in Turkey: There are many advantages of investing in Turkey, the main reason that attracts many investors is the Turkish laws that equate the foreign investor with Turkish investor, the law grants the right to 183 countries to invest in real estate in Turkey and participate in the urban activity. Additionally, the investor can attain Turkish citizenship if he owns a property for 5 years and he is allowed to leave Turkey for only 180 days during the 5 years.
2-Industrial investment in Turkey: Industrial investment in Turkey has become a priority for investors and businessmen, especially for those who want to find an opportunity in a new market to expand their business or build their own small projects. Industrial investment in Turkey has several advantages. The most important ones:
1- Exemption of purchased lands from value-added tax.
2- The cheap costs of water, natural gas, and communications.
3- Exemption from real estate tax for a period of 5 years starting after the establishment of the factory.
3-Tourism investment in Turkey: Turkey is one of the best tourist countries in the world, therefore, when you intend to invest in tourism, the best choice you will find is Turkey for several reasons. Firstly, Turkey is a country that has a huge chunk of tourists because of its geographic location and the beautiful weather where Turkey is distinguished by its amazing four seasons that make it the best destination for tourists who come from the Middle East and Europe countries. Secondly, the rise in the number of airports in Turkey, which link the cities of Turkey with each other helps the tourists in their commute inside Turkey which made them visit many places in a short time.
4-Agricultural and food investment in Turkey: Because of its geography and climate diversity, Turkey has plant strains of vegetables and fruits estimated at about 10,000 species, while the total number of plant strains in Europe is 11,500 species. Turkey is a world leader in the production of dried figs, hazelnuts, and raisins/dried apricots. And nuts of all kinds, and it is also the largest producer of milk and dairy products.
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We hopefully believe that this information has reached all our customers and followers and help them in achieving their desired benefits. We are working at ISTKEY Istanbul Key Company to provide the best legal advice for investment, company establishment and work in Turkey.