Turkey is a very hospitable country possessing many attractive features which offer special opportunities foreign investors. With its cultural and geographical situation which connects Europe, Middle East and Central Asia to each other, its natural beauties and many more unique features, Turkey should be considered for property investments. We have presented you 10 reasons about why you should invest in Turkey.
1) SUCCESSFUL ECONOMIC ACHIEVEMENTS
Thanks to the rapidly growing economy, Turkey has been placed 16th biggest economy in the world ranking and 6th when compared to EU regions in 2013. In addition, there is a sustainable economic growth in the country.
2) YOUNG AND DYNAMIC POPULATION
Our country’s population is pretty young when compared to the population of Europe which is getting older in a very fast way. In fact, the most crowded young population is founded in our country and it includes mostly the people who are under 30,4. As you can see the people in Turkey are dynamic, young and qualified which makes the economy healthier.
3) QUALIFIED AND COMPETITIVE WORKFORCE
According to Turkish Statistical Institute’s research, 29 million personnel who are young, educated and motivated have existed. It is shown that there is a growing employee productivity in the country and many people fight for work opportunities which makes this workforce competitive.
4) GEOGRAPHICAL POSITION
As a junction point, Turkey is a very special country that is located in southeastern Europe and southwestern Asia. Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Iran, Iraq and Syria are its borders and the country is surrounded by Mediterranean Sea, Black Sea and Aegean Sea which makes the country easily accessible to nearly 1.5 billion customers.
5) LOW TAXES AND INCENTIVES
The corporation income tax that is applied to the foreigners has been dropped to %20 from %33 in order to encourage foreignors to invest in Turkey. Additionally, there are some policies and land allocations which are very incentive about investing and tax advantages are available for you as well.
6) EUROPE’S ENERGY CORRIDOR
Turkey’s increasing role as an energy corridor through the Europen and global markets should be considered if you plan to invest in Turkey. Connecting them via energy networks and transport corridors, the country is a bridge between energy-rich countries and Europe.
7) SECURE LIBERAL INVESTMENT CLIMATE OPEN TO REFORM
Since 1997, there have been some restrictions for foreignors who want to invest. However, our country has eliminated the barriers so as to create a competitive environment for investors in real terms. We can see that there is an equal treatment between investors at the moment.
8) LARGE DOMESTIC MARKET
According to Information and Communication Technologies Authority and Turkish Statistical Institute, the number of internet users has reached 33 million. We see the similar advancements on the number of cell phone users, credit card users, airline passengers and foreign tourists.
With the advancing technology and transportation, telecommunication and energy industry developments, Turkey’s infrastructure sector has made a significant and impressive progress in the recent years. There’s more to come! The Third Bosphorus Bridge and The Third İstanbul Airport, The Istanbul Financial Center Project are some of the new projects of the country. The infrastructure should be provided and the other access costs should be pretty low so that an invest can be made.
10) CUSTOMS UNION WITH THE EU SINCE 1996
Turkey has been a member of Customs Unions since 1996, thanks to this membership, the country has been able to improve productivity and activity economically. The country continues to develop the trade relations with carrying out new free trade agreements.