Why do foreign investors choose Turkey?
Turkey has become one of the preferred destinations for foreign investors to establish their various investment projects and manage their businesses. Why do foreign investors choose Turkey? What are the reasons and motives that encourage them to invest in it? We will answer these questions in this article from Ebla Real Estate.
Why do foreign investors choose Turkey?
Turkey is one of the most famous countries in the world in terms of investment, it has provided all facilities to investors from all over the world. Moreover, there are many investment opportunities and projects in Turkey that attract foreign investors and offer profitable returns. The attention of investors was directed towards Turkey as there are many reasons and motives that encourage them to invest in it.
The reasons and motives that encourage investors to invest in Turkey:
The vital location of Turkey:
Turkey has a strategic geographical location as it is a natural bridge between Asia and Europe. Thus, it draws attention with its easy access to North Africa, Europe, the Middle East, and Central Asia. Furthermore, Turkey ‘s strategic location enables easy reach to markets across 16 different time zones, from Tokyo to New York. Turkey also serves as a management hub for several multinational companies.
Developed infrastructure in Turkey:
One of the most compelling reasons for foreign investors to invest anywhere is the availability of the necessary infrastructure and lower transportation costs. Turkey has undergone growth in basic infrastructures, such as:
- Urban transformation projects in most major cities.
- Urban expansion and construction of modern housing complexes.
- Establishing vital service projects such as hospitals, schools and shopping centers.
- Development of transport networks and roads.
- Create bridges.
Availability of multiple options and opportunities for investment in Turkey:
Foreign investors in Turkey can invest in all fields. Moreover, the Turkish market offers multiple and varied opportunities and options. Therefore, Turkey witnessed an unparalleled turnout by businessmen and turned into a magnet for foreign investments, especially Arab investments. This diversity is one of the main reasons for the strength and distinction of investment in Turkey.
Government support for foreign investments in Turkey:
The Turkish government provides support in many areas of investment for foreign investors in Turkey. Moreover, it provides them with facilities, services and features, the most prominent of which are:
- The Turkish government grants foreign investors legal residence in Turkey.
- It also grants foreign investors Turkish citizenship through investments.
- Foreign investors are entitled to apply for loans from Turkish banks.
- In addition, it provides investors with tax exemptions.
- Treating the foreign investor as the Turkish investor in terms of rights and duties.
- Ease of transferring money from abroad to Turkey and vice versa, without legal obstacles and impediments.
Low costs in Turkey:
One of the reasons that encourage investors to invest in Turkey is the low cost in Turkey. Foreign investors in Turkey want to manage their projects in Turkey; Because of its low costs compared to Europe and neighboring countries. In addition, the costs of living, studying and treatment in Turkey are low and encouraging investors to live in Turkey with their families.
Conditions of foreign investment in Turkey:
There are many limitations and conditions regarding foreign investment in Turkey, including:
- The foreigner must abide by the legal determinants and regulations for each type of investment.
- Moreover, the presence of a legal advisor or an office for legal consultations in Turkey is a condition to open a company in Turkey.
- It also requires priority for Turkish citizens in employment in the establishments of foreign investors. In addition, the employment of foreigners is not allowed unless they obtain a work permit and meet some specific conditions.
- The foreign investor must deposit 25% of the capital of his company in a Turkish bank.
- The investor in the real estate sector must abide by laws related to the real estate. For example, the real estate area should not exceed 30 hectares throughout Turkey.
Edited by: Ebla Group Real Estate
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