The Best Investment Opportunities In Turkey
Investment In Turkey:
About Investment In Turkey:
Turkey is now among the top middle-income countries with a gross domestic product of $799.54 billion annually, which placing this country at the 17th position in the G20 countries as a global economic power, and a distinct investment country, and in less than a decade, the annual Income per Capita has almost tripled, and Turkey’s per capita income now exceeds $10.500 a year.
It has also become a reliable source of high-quality consumer goods, and It is now Europe’s largest producer of TVs and light commercial vehicles, also the Turkish goods and products are actively present in the German market because of their accuracy and quality.
Turkey is also the eighth largest food producer in the world and the sixth most popular tourist destination, and the tourism sector has also overgrown in recent years and has become an essential part of the economy.
Since 2007, the Turkish economy had shifted from the traditional agricultural activities in rural areas to “very dynamic” Industrial complexes, spread in major cities with advanced services, with the agricultural sector accounting for 11.9% of GDP while industrial industries accounted for 23.7%, And service accounted for 64.5%.
In addition to its strategical location between the European and the Asian continents as it is close to the Arab world, which gives it an oriental, Islamic characteristic, and that attracts many Arab investors, Also, Turkey political and social stability makes it a safe place for a promising investment, as it annually attracts 15 billion dollar by foreign investors in Turkey.
The close interrelationships between the investment fields in Turkey, such as industry, agriculture, real estate, trade and tourism... all drive investors to establish their own projects, and encourage them to start their investments.
There are no differences between Turkish and foreigner investor in the Turkish laws, but the foreigner investor has additional law features to protect his properties and rights, also he can obtain the Turkish Citizenship by buying a property in Turkey.
The Best Investment Opportunities In Turkey:
Import And Export as it is one of the most important sections for high profit in Turkey, also Turkey welcomes these types of investments where the investor can achieve many financial gains by purchasing various products from Turkey in terms of high quality, and reasonable prices then export them to the markets in other countries.
for example according to the European Statistical Office for car exports to European countries, Turkey is at the top of the value of Turkish car exports to Europe in 2016, it reached to 15 billion and 335 million Euros.
Jewelry and Gold design are very vital sectors, whether in the local market or the external market, as Turkey's exports of jewelry reached about 3.3 billion dollars in 2017 which is an increase of 60% over the past five years.
And Turkey is the largest center for the jewelry industry after India, and it also has the largest production capacity in the gold sector in Europe and the Middle East.
Clothes And Textiles as the Turkish clothing is the best attire regarding quality and fame around the world, and its exports are estimated 30 billion dollar per year.
Electrical Equipment such as lighting, construction, cables… etc. is a very vital sector within the Turkish market, the exports of construction materials sector in Turkey last year was 8 billion dollars.
Real Estate Investment in Turkey, and in Istanbul especially is having major changes, and huge development in infrastructure, and economic growth, and in recent years until now Turkey is the third largest profitable country in the world for property buyers.
And as expected, the real estate market will have a great prosperity in the future because of the recent projects development in Turkey, and the new transportation networks.
That is why the investment in Turkey will be so benefitable as the investor can benefit from increasing rent prices 10% every year.
There is two types of Real Estate investment:
- Offices investment, it is a type of property not intended for housing, but for working like tourism, consultation offices, and others... or commercial markets, and this investment is more popular in Istanbul because it is the main investment city in Turkey.
- Investing in residential real estate such as villas, homes, and apartments, which is the most popular investment, as real estate studies indicate that the majority of investors always want to buy homes in Turkey to rent or sell when the prices increase.
Real Estate Investment Features:
As an investor in Turkey, you can have the temporary residence, but if you keep the properties for 5 years, you will take the permanent residence.
Also, real estate investment in Turkey such as opening a project or establishing a company, restaurant or school... gives you the right to obtain a work residence that allows you to apply for Turkish citizenship after 5 years.
The features reached to obtain the Turkish citizenship by buying one or more properties in Turkey for 250 thousands dollar.
The Advantages Of Establishing A Company In Turkey:
When you establish a company in Turkey you will get the following benefits:
- Turkish market is classified as one of the top 20 most economic markets in the world with a significant purchasing power.
- Easy marketing of your product or services within the Turkish market or Europe market.
- Easy to export because the Turkish government exempts exports from any taxes .. This is one of the reasons for the preference for investment in Turkey.
- Getting a work/residency permit which allows you to get a citizenship after 5 years.
- Health insurance for you and your family gives you free treatment in all state hospitals.
- Schools and universities are free for your family members.
- Social Security is an amount of compensation granted to you by the Turkish government in case of closure or loss of the company, but the company must remain effective for at least two years.
- The pension is a sum that is paid to you by the Turkish government after your work for a specified period in Turkey.
- Support from the Ministry of Economy in case of marketing Turkish products and holding exhibitions and events for your company abroad.
The idea of buying real estate in Turkeyhas become popular among those interested in obtaining an ideal opportunity for housing or investment and take advantage of the appropriate real estate investment options in Istanbul to obtain a high return by communicating with our real estate consultants.
Do not forget that investing in real estate in Turkeyis only a way to gain Turkish citizenshiporreal estate residencepermit that allows you to stay in the country legally and then acquire many of the privileges that a Turkish citizen gets.
Related articles:
Most relevant questions about Turkish nationality for 2021 .
cost of real estate investing in turkey .
Economic inflation in Turkey and its impact on the real estate market .
Permanent Residence Requirements in Turkey .
The Most Expensive and Luxury Istanbul Real Estate .
Buying property in Turkey is more important than some other countries.
The Avantages of Buying Luxury Apartments with Sea View In Istanbul .
Is buying property in Turkey a good investment?
10/02/2020
