Why to Invest in Turkey?
If you were thinking of Turkey to invest or expanding your current business, you had already chosen the right decision.
You are here now because you want to know more about investing in Turkey and what are the advantages that will motivate you to establish or develop your business in Turkey.
Turkey is one of the most growing economies in the world from its geographical location, diversified economy, and ease of investment compared to many other countries.
About its culture and history:
Turkey has an extensive history, cultural heritage and vibrant social life which makes it attractive for every type of person. Seas encircle it on three sides: the Aegean Sea is to the west, the Black Sea to the north, and the Mediterranean Sea to the south, Makes it easy to access about 1.6 billion customers in Europe, Eurasia, the Middle East, and North Africa. Istanbul is the only city that lies on two continents (Asia and Europe) and is a hub from where you can reach anywhere.
Istanbul is also one of the fastest-growing metropolises in the world, with still reasonable prices when compared with other enormous cities around the globe.
Its prosperous economy:
Turkey comes after Germany and Italy as the third-largest exporter of textiles in the world, it’s also one of the world’s biggest producers of agricultural products, Clothing, chemical, motor vehicles, ships and other transportation equipment, food, construction materials, consumer electronics, and home appliances.
LOW TAXES & INCENTIVES:
One of the important reasons for “Why to Invest in Turkey”, is the ease of investment with reduced taxes.
Corporate Income Tax has reduced to 20% from 30%
Tax benefits and incentives in Industrial Zones, Technology Development Zones, and Free Zones, including partial or total exemption from Corporate Income Tax. Besides facilitating and providing incentives for strategic investments, large-scale investments, and regional investments.
Turkey has become a pioneer in real estate, because of urban revival witnessed in Turkey in the recent years.
Statistics show Turkey’s affordable prices in comparison with other European and Asian countries. Starting price per square meter in Istanbul is $324. While in Hong Kong is $2260 and Singapore $2008.
We appreciate your time for reading this post and you can also check for “Turkey’s Location as a Trade Hub”. Don’t forget to follow our social media to get latest updates about Turkish Real Estate Market.
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