Investing in Turkey comes with some exciting news. First is enjoying economic stability, then conducting business in a free market economy without concern for sanctions. The young and well-educated population of Türkiye is a fantastic advantage for investors too. Nonetheless, while investment expenditure and exports, contributes positively to the country’s economic growth, there are peculiar concerns on the down side of investing in Turkey.
Yes, Türkiye offers excellent opportunities with its growing, young, and dynamic population – the driving force behind a strong labor pool and a lucrative domestic market but there is another dilemma in choosing where to invest in Turkey considering the recent natural disasters and the positioning of investor friendly areas.
Top 10 Investor Destinations in Turkey
- Istanbul
- Ankara
- Izmir
- Antalya
- Bursa
- Bodrum
- Kocaeli
- Mersin
- Samsun
- Gazientep
Investing in Turkey Istanbul
The financial, cultural, and economic center of Turkey is Istanbul. It is a huge metropolis and has a lot of investment prospects in numerous sectors. It is also well connected to the rest of the nation, which attracts investors to the area.
Why Invest in Ankara, Turkey
The Turkish capital city is a significant industrial and economic hub. There are numerous government offices and embassies there, and its commercial community is growing. The real estate market in Ankara is interesting to investors due to the recent emergence of new projects.
Why Invest in Izmir, Turkey
The third-largest city in Turkey, Izmir is renowned for its thriving business community, advantageous position, and the reliable youthful, educated generation. Izmir is a great position for logistics and trade because it is the opening to the Aegean and has a busy port. It’s considered the third top places when considering investing in Turkey
Why Invest in Antalya,Turkey
Izmir is situated on the Turkish Riviera, Antalya is a well-liked tourist resort with a quickly expanding economy. Its thriving port and tourism sector also present a wealth of investment options.
How does the Earthquake affect the Turkish Ready-Made industry?
Why Invest in Bursa, Turkey
Closer to Istanbul, Bursa is an industrial and commercial metropolis that is quickly expanding. It offers a variety of investment prospects in a variety of industries, including textiles, machinery, and the automotive industry. It also boasts a well-developed transportation system and lures investors and makes it a good destination for investments in Turkey
Why Invest in Bodrum, Turkey
Popular among affluent travelers, Bodrum is a stunning beach town that offers a high-end lifestyle. The town’s real estate market is expanding quickly, making it a great place for investors in real estate.
Why do Investors choose Kocaeli?
Kocaeli is a significant industrial hub that is near to Istanbul. It offers investment opportunities across a range of industries, including automotive, industrial, and logistics, and has a well-developed infrastructure.
Why Invest in Mersin?
Simply put, Mersin is located on the Mediterranean, and a significant port city in southern Turkey. Different foreigners investing in Turkey have their own specific priorities. Since it is one of the busiest ports in the nation, it is ideally situated for logistics and international trade.
Investing in Samsun?
The infrastructural edge of Samsun makes it appealing to invest there. Samsun houses significant industrial and transportation hub that is nestled on the Black Sea coast. It has a robust rail and road infrastructure, which makes it a great place for logistical and manufacturing operations.
Why Invest in Gaziantep?
Gazientep is a city with a high rate of population growth, Gaziantep is widely recognized for its manufacturing sector, which specializes in the creation of textiles and culinary items. It offers multiple investment opportunities across many sectors and is well-positioned for commerce with its neighbors.
8 Advantages of Investing In Turkey
A lot of blogs talk more about getting passports, residency permits, etc. But there’s more to just obtaining an extra ID card, What would a Turkish passport do that a USA or Japan passport won’t do?. I agree that it’s an added advantage but it’s basically for individuals only. So let’s take a better preview of other benefits.
Advantages of investing in the Türkiye includes:
- Strategic Positioning
- Sizeable Domestic Market
- Relatively
- Investor Friendly
- Skilled Workforce
- Infrastructural Competence
- Natural Resource & Tourist Attractions.
- Political Stability
1. Turkey’s advantageous geographic position: Turkey’s location at the nexus of Europe, Asia, and the Middle East makes it the ideal place to conduct business in these areas. Investing in Turkey provides expat businesses advantageous position for international supply chain management. Turkey positioning provides seamless access to many international markets, making it one of the most significant nations for trade and business. Türkiye government believes that the country’s strategic position offers easy access to 1.3 billion people and a combined market worth of USD 26 trillion GDP in Europe, MENA, and Central Asia within a 4-hour flight radius at at 2021
2. Sizeable domestic market: Turkey’s population is expanding quickly and is projected to hit 91 million people by 2023. As a result, there is a sizable domestic market that can be used by international investors. According to Turkstat, Türkiye’s economic growth has paved the way for emergence of a sizeable middle-class with an increasing purchasing power.
3. Relatively stable economy: Over the past few years, Turkey’s economy has experienced fast growth. It has a GDP of $849 billion (2020 records) and has shown resiliency in the face of economic difficulties on a global scale especially the post COVID-19 era.
See the official government website for Turkey Investment
4. A welcoming environment for investment: Turkey provides a number of benefits to international investors, including tax exemptions, affordable labor costs, and investment incentives. In recent years, the nation has also carried out a number of reforms to enhance its investment environment.
5. Highly educated and skilled workforce: Turkey has a sizable workforce that works in both the industrial and service industries. The government also provides a variety of training programs to help employees advance their skills. The estimated population of Turkey in 2020 was 83.6 million. The Turkish Statistical Institute predicts it will reach 86.9 million by 2023 and 100.3 million by 2040. (TurkStat). The population is anticipated to continue growing until 2069, when it will reach its peak of 107.6 million.
6. Improvement of infrastructure: Turkey has made significant investments in its transit systems, urban planning, and energy production in recent years. This has enhanced the business climate and made the nation more appealing to foreign investors.
7. Richness in natural resources: Turkey is a significant provider and exporter of a variety of natural resources, including gold, copper, oil, gas, and natural gas. This provides chances for foreign investors to engage in the nation’s mining industry.
8. Political stability: Turkey’s political climate is stable, with a democratically elected government and a powerful legal framework that supports individual liberties and the rule of law. This gives international investors the security and confidence they need to make investments in the nation.
5 Major Concerns for Foreigners Investing in Turkey
1. Economic unpredictability: Turkey has a history of unpredictability in its economic landscape, which can have a big effect on the investors projections. For instance, sudden shifts in policy or fluctuations in the value of the Turkish lira can create uncertainty and unpredictability, deterring investors from maximizing their intents for investing in Turkey.
2. High taxes and transaction costs: Turkey has high taxes compared to some other countries, and transaction costs to purchase or sell a property are also quite high.
3. Legal complexities: For foreign investors, Turkey’s legal system can be challenging to understand and manage. Legal disputes and challenges encountered by foreign investors especially in the Turkish real estate market have been a major concern.
4. Lack of transparency: Investors find it challenging to make informed decisions because of the lack of transparency in the some critical market and policy situations. This lack of openness may worry investors, particularly those who are unfamiliar with the market and have commit to investing in Turkey
5. Natural Disasters: For every investment interests, there must be considerations of unavoidable events. Sadly, investing in Turkey comes with a natural disaster scare. Despite the robust economy, large local and global consumer markets, affordable, strategic positioning, etc, Investors are advised to seek advice from disaster management professionals. Turkey unfortunately sits on a vulnerable position and stands a high risk of these events.
