INVESTMENT IN TURKEY
Reasons to Invest in Turkey
-Successful economy; Turkey is already Europe’s seventh largest economy and the world’s eighteenth. Turkey is becoming a very attractive place for foreign trade and investment with recent economic growth record, talented-young workforce and geographical location.
-Rapidly growing domestic market; Young and active population, dynamic free market economy, the economy and future growth of the last decade Turkey with a strong performance on the potential offers plenty of business opportunities to global companies in various sectors.
-Liberal, secure and incentivized investment environment; Turkey, effective economic and social policies in recent years, growth-friendly fiscal and monetary policies, the new Turkish Commercial Code, the new incentive program and has achieved a solid financial sector in a much better investment environment as a result.
-Global, Livable and Safe Country; Turkey converts itself into a vibrant and limitless country with its countless opportunities and cultural background. The art and culture are so rich in the country that it offers ample choices for social activities.
–Low taxes and incentives; Government efforts are helpful to develop a conducive environment for the private sector to lead growth in trade and investment. The Turkish government provides many easiness and tax incentives for foreign investors.
-Institutionalized economy and customs union with EU countries; Turkey has signed Prevention of double taxation agreement with 80 countries. This agreement is so advantageous that it allows a tax paid in any country to be deducted from the tax to be paid in the other. This means that if you set up a foreign-invested business in Turkey, you will not have to pay taxes in more than one country.
– Energy corridor and terminal of Europe; Turkey is one of important energy terminal and corridor in Europe connecting the East and the West. The largest energy consumer, which is Europe, is located right to the west of Turkey, this makes the country an energy terminal in the European region.
– Centrally located; Turkey presents excellent and long-term opportunities as the most eastern country in the West and the most western country in the East. Turkey is a natural bridge between both East-West and North-South axes, this creates an efficient and cost-effective outlet to major markets.
Ways of Investing in Turkey
There are many sectors to invest in Turkey, thanks to its geographic location, rich culture, population and rich resources; agriculture and food, energy and renewables, tourism etc. There are also many ways to invest in Turkey, some of them are;
-Set up business
-Investing in Turkish stocks
-Investing in raw material
-Investing in state bonds
– Bank interest rates
– Precious metals
Presentation of Investment in Turkey
The preparation stages of all types of investment have different processes. For investment in Turkey firstly, you need to research which areas more advantageous to invest. Once you have decided on the most appropriate investment area for you, you need to learn the necessary process.
Once you have decided on the subject you will invest in, you may contact us and get services about the processes and legal.
Franchising Opportunities in Turkey
Turkey is a rousing country for international business enthusiasts. The country is considered one of the fastest growing and most attractive emerging markets in the world with an economy that has been growing at an annual rate.
Considering these developments, that it is one of the best times for franchise companies to start looking for master franchising partners to start their operations in Turkey.
The term of “franchising” entered the terminology of the Turkish business world when a well-known fast-food company entered the market.
Sales of franchised brands in the country, of both local and foreign origin, are more than $1.5 billion in Turkey. The number of companies that franchise in Turkey thousand 471, while the volume of the market has reached 43 billion dollars in 2015. The current number of foreign brands with master franchises in the market is approximately 200.
As is known, there are many franchise opportunities for foreign investors in Turkey.
Topo Law Firm’s Legal Services to Investment in Turkey
We are a team of professional Turkish lawyers producing creative solutions. We aim to provide quality service to our clients in the shortest time possible. Our focuses on providing smart legal strategies that accomplish individual goals. We look at each case from a variety of angles and create special plans that account for the many paths a matter may take. We offer holistic solutions to your specific matter. Our entire legal team works collaboratively to accomplish the legal goals of our clients. After you give us your power of attorney, we shall take the necessary actions for you and inform you about the process.
Publish Date: February 11, 2019