Why Invest in Türkiye?
23 September 2024
Türkiye has become an emerging country to invest in Türkiye for foreign investors across all industries, thanks to its ever-growing economy, geostrategic value, and unrivaled opportunities.
A Strategic Location
Located on two continents, Türkiye serves as a bridge between East and West, as well as North and South. This unique characteristic offers significant advantages in logistics and workforce, establishing Türkiye as a robust investment center with competitive costs for thriving markets.
Access to Major Markets
Türkiye’s geographical advantage provides rapid access to a population of 1.5 billion across Europe, the Middle East, North Africa, and Central Asia, as well as to a market worth more than USD 20 trillion. Surrounded by sea on three sides and equipped with developing railway and highway systems, Türkiye’s infrastructure supports both passenger transportation and freight shipment, enhancing commercial activities. Turkish Airlines flies to 255 destinations in 122 countries, further facilitating connectivity.
A Qualified Workforce
As Europe’s third-largest country in terms of a qualified workforce, Türkiye benefits from a youthful population that drives growth in the labor market. This demographic advantage positions Türkiye favorably compared to many countries.
Economic Growth Record
Türkiye experienced remarkable economic growth from 2003 to 2008, rising to the 13th largest economy in the world by 2018, up from 18th place in 2003 (Source: IMF World Economic Outlook Report, April 2019).
Key Advantages for Foreign Investors
Let’s explore the benefits foreign investors can enjoy when starting a business in Türkiye.
1. Productive and Competitive Workforce
Türkiye ranks highly for its educated and competitive workforce. In 2020, around 1 million graduates emerged from over 200 universities each year. The workforce in Türkiye is among the fastest-growing in the EU, increasing in productivity daily.
2. Extensive Incentive Programs
Investors benefit from extensive incentive programs, including low taxes for both expansion and new ventures. Leading global companies in automotive, energy, and retail take advantage of competitive R&D incentives. Additionally, businesses established in Free Zones throughout Türkiye enjoy tax exemptions.
3. Liberal and Innovative Investment Environment
Türkiye’s investment regulations comply with international standards, encouraging foreign direct investments while protecting investors’ rights. Despite a dip in foreign investments in 2020 due to the COVID-19 outbreak, the past 18 years have shown a fifteenfold increase in companies with international capital, particularly in İstanbul, a strong attraction center for investors.
4. Uninterrupted Reforms
Recent reforms in production innovativeness, sustainable growth, workforce quality, and international collaboration have reduced the average time to start a business from 38 days to just 6.5 days.
5. Huge Domestic and Regional Markets
In addition to a growing domestic market, Türkiye provides access to approximately 1 billion consumers in the regional market, supported by free trade agreements.
6. Strategic Location
Türkiye serves as a regional headquarters for international companies looking to expand into different markets.
7. Demographics
Half of Türkiye’s population is under 32, creating a youthful workforce with strong potential. Compared to EU countries, Türkiye has the highest youth population.
Conclusion
In summary, Türkiye stands out as a premier destination to invest in Türkiye, offering a strategic location, a skilled workforce, and extensive opportunities for growth. For more information about investing in Türkiye, visit Link Invest About or explore our Real Estate Properties.
