5 Advantages of Investing in Turkey

If you're asking yourself, 'Why should I invest in Turkey?' or 'What are the advantages of investing in Turkey?' then you can find the answers in this blog post we've prepared for you.

Why Should You Invest in Turkey?

Turkey, one of the developing countries in the world, offers unique opportunities. Over the past decade, Turkey has become a lucrative investment haven for investors due to the foreign exchange market. Additionally, the government provides significant facilitation for investors. Investors who will invest in Turkey can obtain Turkish citizenship. For more information, you can continue reading our article. If we were to list the advantages of investing in Turkey in headings;

Turkey Has a Stable and Strong Economy

Considering the advantages of investing in Turkey, it is evident that economic stability plays a crucial role. With an annual average growth rate of 5.5%, the Turkish economy ranks among the fastest-growing economies globally. Between 2003 and 2018, the Turkish economy exhibited remarkable development, climbing from 18th to 13th place in the world rankings. Turkey aims to be among the top 10 economies globally by the year 2050.

Turkey Has a Free Market Economy

• It offers investors highly competitive investment opportunities. There are no barriers for foreign investors, and there are laws in place to protect investors. Law No. 4875 on Direct Foreign Investments includes the following headings:
• Encouraging direct foreign investment in the country
• Protection of investor rights
• Harmonizing investor and investment definitions with international standards
• Establishing a notification-based system rather than an approval-based system for direct foreign investments
• Increasing the volume of direct foreign investment through established policies and procedures.

Advantageous Incentive Opportunities for Investors in Turkey

To benefit from investment advantages in Turkey, the first requirement is to have equal opportunities. Turkey supports both domestic and foreign investors without discrimination. It has a comprehensive investment support program that encourages investment in start-up or expansion projects by minimizing initial costs and accelerating investment returns. Additionally, the Republic of Turkey supports domestic investors with various grants, incentives, and loans. The corporate tax rate applied to foreign investors has also been reduced from 33% to 20%. Turkey continues to support its investors with project-specific and comprehensive incentive programs.

Turkey Grants Citizenship to Foreign Investors

One of the most significant advantages of investing in real estate in Turkey is the opportunity to obtain residency permits and even citizenship. Purchasing property nationwide at a value of 200,000 USD or more provides foreign investors with the opportunity to obtain a residency permit. This opportunity offers the advantage of freely moving around the country and residing for an extended period. Moreover, investors who invest more than 400,000 USD can become full-fledged Turkish citizens.

The advantages of obtaining citizenship or residency through real estate investment in Turkey include:

●      The value of properties, especially in the capital and resort towns, consistently increases, allowing for capital appreciation.

●      Turkish citizens can freely travel within the country and have visa-free entry to many countries.

●      Investors who are married and/or have children under the age of 18 can facilitate their family members in obtaining citizenship.

Investments in Turkey are Supported by Infrastructure Development

Modern transportation infrastructure, airports, and seaports provide easy and comfortable access to various regions of the country, making real estate investments even more profitable. The improvement of public and social services enhances the quality of life for the population and simultaneously increases the investment potential of regions, highlighting their attractiveness.

If you are considering real estate investment in Turkey, you can contact us.

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