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Company Formation Turkey



Reasons for Doing Business in Turkey

Updated on Wednesday 06th January 2021

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Reasons for doing business in Turkey.jpgThere are many reasons for doing business in Turkey, and among these, foreign entrepreneurs appreciate the multitude of options available. Turkey is found on two continents, Asia and Europe, therefore, the strategic geographic location is a great business advantage. Doing business in Turkey and registering a company in this country is straightforward. We invite you to talk to our company formation agents in Turkey and ask for support and assistance in business registration.

The company registration is simple

The registration of a limited liability company is a simple process that can be entirely coordinated by our team of specialists in this field. The lack of complexities is highly appreciated in the business field in Turkey, and this advantage allows both domestic and foreign entrepreneurs to start operations in a fast and reliable manner. Here are a few aspects to consider when starting a business in Turkey:
  1. The business name needs to be verified and reserved in the first place. The Turkish Trade Register is in charge of these important steps.
  2. A Turkish bank account must be opened for submitting the minimum share capital.
  3. A business license is required for the type of activities in Turkey.
  4. A business representative is needed. One of our agents can take this role for your company in Turkey.
There are different steps involved in company formation in Turkey, but all you need to know can be discussed with one of our agents. The ease of doing business in Turkey is quite representative and is in the attention of international investors.

Benefit from low operating costs

Doing business in Turkey comes with other advantages too. For instance, the low operating costs for establishing a business in Turkey is very important and appealing for local and foreign entrepreneurs. Turkey provides relatively low costs for the labor force, suppliers, office rentals, and related services. The best business in Turkey might represent the operations in the manufacturing sector which is quite appealing. Interested in business startup costs in Turkey? Feel free to address your inquiries to one of our agents and find out what is the best business in Turkey.

Choose the local workforce

Whether you want to relocate the company in Turkey or start a new one, you can consider the benefits of the local workforce available. Highly skilled, multilingual, and experienced, the workforce in Turkey can enter the attention of entrepreneurs. This is another great reason for doing business in Turkey and foreign investors should attentively measure the choices in this field. Would you like to know more about the best business in Turkey? Talk to our agents.

The Turkish government offers great incentives

Turkey is open to foreign investments in all sectors of interest. In this director, the Turkish government implemented a series of incentives and encouragements to attract even more investors. The business-friendly climate comprises a series of tax exemptions and reduced expenses in specific fields. Low VAT rates, tax reductions, interest rate support, VAT refunds, or social security support, here are a few of the incentives granted by the Turkish Government.

Business and citizenship in Turkey

International entrepreneurs who make investments of at least EUR 250,000 can gain Turkish citizenship. This is a huge advantage offered in Turkey to all high net worth entrepreneurs in this country. Moreover, the benefits are also offered to family members of the investors in Turkey. Specific investment programmes in Turkey grant citizenship, yet, there are conditions to respect and particular steps to consider. Legal advice and assistance in this matter can be offered by one of our Turkish company formation agents. We also have a dedicated team of immigration lawyers in Turkey who can help foreign entrepreneurs obtain the proper type of visa. Doing business in Turkey is simple and beneficial.

Performing business sectors in Turkey

Turkey is highly industrialized and a country where the manufacturing sector generates huge profits each year. Agriculture, FMGC, energy, wholesale, and retail are sectors that sustain the GDP of Turkey in high percentage. We present you a few facts and figures that highlight the economy and business direction in Turkey:
  1. Approximately USD 165 billion was the total FDI stock registered in Turkey in 2019.
  2. Around USD 3,9 billion was the total value of the greenfield investments in Turkey in the same year.
  3. The 2020 Doing Business report ranks Turkey 33rd out of 190 economies in the world.
Interested in best businesses in Turkey? Feel free to contact our company formation specialists in Turkey and discuss all the legal aspects related to company registration and management in this country.

Meet us in Istanbul

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Call us now at +90 532 351 66 77  to set up an appointment with Cagatay Altunsoy, one of our specialists in company formation in Istanbul, Turkey. Alternatively you can incorporate your company without traveling to Turkey.

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