Why to invest in Turkey

Why to invest in Turkey

Why to invest in Turkey

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There are 10 reasons why you should invest in Turkey

According to studies conducted by the Turkish Statistical Institute, the official statistics agency Eurostat, the Center for Testing and Student Seating OSYM, and the OECD’s Regulatory Obstacles Index for Direct Investments 1997-2012, World Bank Doing Business Reports in 2014, and the Turkish Ministry of Economy And the Bank Card Issuance Center in Turkey, it was found that:

 

1. the successful economy.

1: The gross domestic product in Turkey has more than tripled, reaching $800 billion in 2014 from $231 billion in 2002.

 

2: Stable economic growth through an average annual real GDP growth rate of 4.7% between 2012 and 2014.

 

3: A promising economy with a bright future, as it is expected to become one of the fastest growing economies among the members of the Economic Cooperation Organization and OECD development during the period from 2014 to 2016 with an average annual real GDP growth of 3.6% in February 2015.

 

4: The sixteenth largest economy in the world and the sixth largest in comparison with the European Union in 2013

 

(GDP Purchasing Power Parity, International Monetary Fund – WEO).

 

5: An enterprise-based economy, powered by $144 billion in foreign direct investment (CBRT) in the last 10 years.

 

6: A vibrant and mature private sector with exports of $158 billion and an increase of 250

 

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2. Population

Turkey has a population of 77.7 million people, and Turkey is the largest in terms of the number of young people among its population compared to the countries of the European Union

Half of the population is aged less than 30.7

Turkey enjoys that the majority of its population is young people who are characterized by vitality, high degree of education and multiculturalism.

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3. the workforce.

Over 29.2 million young professionals who are highly educated and motivated.

Increased work productivity: approximately 610,000 students graduate annually from more than 183 universities.

More than 700,000 students graduate from secondary schools annually, about half of whom graduate from vocational and technical schools.

 

4. Atmosphere

A liberal and reformed investment climate: it is the second largest reformed climate among the OECD countries

And development in terms of restrictions on foreign direct investment since 1997.

Encouraging business environment with an average of 6 days to set up a company

Whereas, the average for the member countries of the Organization for Economic Cooperation and Development is more than 11 days.

Highly competitive investment conditions, a strong culture in the industrial and service sectors, and equal treatment of all investors

There are also about 41,397 companies with foreign capital during the year 2014, international arbitration, and ensuring the implementation of remittances. 

5. Infrastructure.

Why invest in Turkey: There is a new high-tech infrastructure in transportation, telecommunications and energy.

In addition to low-cost and advanced marine transportation facilities

With the advantage of rail transport for Central and Eastern Europe

Smooth transportation routes with direct delivery mechanism to most EU countries.


6. The central location.

The central location of Turkey made it a natural bridge linking the east-west and north-south axes

Thus, creating an efficient and cost-effective outlet for major markets.

With easy access to 1.5 billion customers in Europe, Eurasia, Middle East and North Africa

It is also a gateway to multiple markets representing $25 trillion of GDP. 

 

7. A station and corridor for the transmission of energy to Europe.

 

Turkey has the distinction of being an important station and corridor for energy transmission in Europe, linking East and West

It is located near more than 70% of the world’s proven primary energy reserves

While the largest consumer of energy, Europe, is located adjacent to Turkey from the west, which makes

Turkey is an important link in the energy transmission chain and an important energy port in the region. 

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8. Low incentives and taxes.

Corporate income tax has been reduced from 33% to 20%, and there are a lot of incentives and tax benefits in technology development areas.

Industrial zones and free zones that include total or partial exemption from corporate income tax

In the form of a grant on the employer’s share in social insurance, in addition to the allocation of land, there is a law to support innovation, research and development

With incentives for strategic investments, for large investments and regional investments. 

 

9. The customs union with the European Union since 1996.

Establishment of a customs union with the European Union since 1996, and free trade agreements with 20 countries (Ministry of Economy)

More free trade agreements are on the way, with accession negotiations underway for EU membership. 

 

10. A huge local market.

There are 39.9 million fast internet subscribers in Turkey in 2014, while it was 0.1 million in 2002.

There are also 71.9 million mobile phone subscribers in 2014, while it was 23 million in 2002.

In addition, there were 57 million credit card users in 2014, while it was 16 million in 2002.

There were 166.5 million passengers on airlines during 2014, while it was 33 million in 2002.

35.9 million international tourists arrived in 2014, while it was 13 million in 2002.

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