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10 Reasons to Invest in Turkey

10 Reasons to Invest in Turkey

Find out the top 10 ten reasons why Turkey stands as a unique destination for investments.

Accession to the EU: Turkey is committed to allowed to join to the EU and has greatly improved its monetary policy. Therefore, the country is highly to modernizing. Inflation has fallen sharply so that the economy is growing strongly. The Turkish currency lira is due to strong foreign investment. The home ownership will demonstrate high growth, because banks only recently provide a mortgage on real estate. Low interest rates will additional strengthens development.

1-SUCCESSFUL ECONOMY
2-POPULATION
3-QUALIFIED AND COMPETITIVE LABOR FORCE
4-LIBERAL AND REFORMIST INVESTMENT CLIMATE
5-INFRASTRUCTURE
6-CENTRALLY LOCATED
7-ENERGY CORRIDOR AND TERMINAL OF EUROPE
8-LOW TAXES AND INCENTIVES
9-CUSTOMS UNION WITH THE EU SINCE 1996
10-LARGE DOMESTIC MARKET
Despite the ongoing economic crisis, the world has been fighting for several years, Turkey is still one of the booming and stable markets to invest in according to the data provided by the different world economic and statistics institutions. These are the 10 reasons to invest in Turkey;

1. SUCCESSFUL ECONOMY

Booming economy; more than tripling its GDP, reaching USD 800 billion in 2014, up from USD 231 billion in 2002 (TurkStat)
Stable economic growth with an average annual real GDP growth rate of 4.7 percent between 2002 and 2014 (TurkStat)
Promising economy with a bright future as it is expected to become one of the fastest growing economies among the OECD members during 2014-2016 with an average annual real GDP growth rate of 3.6 percent (OECD, February 2015)
16th largest economy in the world and 6th largest economy compared with the EU in 2013 (GDP at PPP, IMF WEO)
Institutionalized economy fueled by USD 144 billion of FDI in the last decade (CBRT)
A dynamic and mature private sector with USD 158 billion worth of exports and an increase of 250 percent between 2004 and 2014 (TurkStat)

2. POPULATION

A population of 77.7 million (2014, TurkStat)
Largest youth population compared with the EU (Eurostat)
Half the population under the age of 30.7 (2014, TurkStat)
Young, dynamic, well-educated and multi-cultural population

3. QUALIFIED AND COMPETITIVE LABOR FORCE

Over 29.2 million young, well-educated and motivated professionals (2014, TurkStat)
Increasing labor productivity
Approximately 610,000 students graduate annually from over 183 universities (2012, Student Selection and Placement Center-OSYM)
More than 700,000 high school graduates with around half from vocational and technical high schools (2012, TurkStat)

4. LIBERAL AND REFORMIST INVESTMENT CLIMATE

The second biggest reformer among OECD countries in terms of its restrictions on FDI since 1997 (OECD FDI Regulatory Restrictiveness Index 1997-2012)
Business-friendly environment with average of 6 days to set up a company, while the average in OECD members is more than 11 days (World Bank Doing Business Report 2014)
Highly competitive investment conditions
Strong industrial and service culture
Equal treatment for all investors
Around 41,397 companies with international capital in 2014 (Ministry of Economy)
International arbitration
Guarantee of transfers

5. INFRASTRUCTURE

New and highly developed technological infrastructure in transportation, telecommunications and energy
Well-developed and low-cost sea transport facilities
Railway transport advantage to Central and Eastern Europe
Well-established transportation routes and direct delivery mechanism to most of the EU countries

6. CENTRALLY LOCATED

A natural bridge between both East-West and North-South axes, thus creating an efficient and cost-effective outlet to major markets
Easy access to 1.5 billion customers in Europe, Eurasia, the Middle East and North Africa
Access to multiple markets worth USD 25 trillion of GDP

7. ENERGY CORRIDOR AND TERMINAL OF EUROPE

An important energy terminal and corridor in Europe connecting the East and the West
Located at a close proximity of more than 70 percent of the world’s proven primary energy reserves, while the largest energy consumer, which is Europe, is located right to the west of Turkey, thus making the country a linchpin in energy transit and an energy terminal in the region

8. LOW TAXES & INCENTIVES

Corporate Income Tax reduced from 33 percent to 20 percent
Tax benefits and incentives in Technology Development Zones, Industrial Zones and Free Zones, including total or partial exemption from Corporate Income Tax, a grant on employer’s social security share, as well as land allocation
R&D and Innovation Support Law
Incentives for strategic investments, large-scale investments and regional investments

9. CUSTOMS UNION WITH THE EU SINCE 1996

Customs Union with the EU since 1996 and Free Trade Agreements (FTA) with 20 countries (Ministry of Economy)
More FTAs underway
Accession negotiations with the EU

10. LARGE DOMESTIC MARKET

39.9 million broadband internet subscribers in 2014, up from 0.1 million in 2002 (ICTA, TurkStat)
71.9 million mobile phone subscribers in 2014, up from 23 million in 2002 (TurkStat)
57 million credit card users in 2014, up from 16 million in 2002 (The Interbank Card Center of Turkey)
166,5 million airline passengers in 2014, up from 33 million in 2002 (TurkStat)
35.9 million international tourist arrivals in 2014, up from 13 million in 2002 (TurkStat)
Also an attractive economic climate. Turkey grows and flourishes!
Turkey has an economic disadvantage. The country has a population of 80 million people (2012) and 1.15% of the world population … Belgium has about 11 million inhabitants.

So there are still plenty of opportunities in Turkey.

On the other hand, the population in Turkey increased substantially and the proportion of young people is very high. The economy grows at a rapid pace. More and more international organizations therefore choosing Turkey. Foreign investors are received in Turkey with open arms. Not surprising, given the fact that its economy in recent years has grown significantly.

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