is it a Good idea to invest in Turkey?
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is it a good idea to invest in Turkey?
To understand if it is a good idea to invest in Turkey, one first must understand the factors of investment in Turkey, who invests in Turkey, and why they invest in Turkey? Like mentioned, first, it is important to know what are the reasons for people to invest in Turkey.
Who Invests in Turkey?
In general, investors from all over the world choose to invest in Turkey, and it is not a recent trend. After 2003, Turkey has attracted foreign investors in such a way that Turkey gradually became the hub of foreign investment.
One statistical data explains it all, only in 2019, the total foreign investment was about $12.4 billion. Within these investment amounts, there are many small and medium-sized entrepreneurs who invested comparatively small amounts. This whole investment process in Turkey is diversified into many sectors. Many of these are already a brand name in their native countries and started a new venture(s) in Turkey, and some are new.
If you are considering investing in Turkey, make sure to get aid from an experienced legal firm in Turkey.
Why Investors Invest in Turkey?
There are numerous reasons why many seasoned and new investors have invested their hard-earned money in Turkey, not only recently, but also since 2003. The following are the key reasons:
The FDI Policy: One of the most important reasons that foreign investors are attracted to Turkey is certainly the investor-friendly FDI rule of Turkey. This rule ensures that investors don’t face any problems during or after an investment, this builds lots of trust within investors.
The Rate of Profit Return (ROI): For any investor, the return in investment is a vital factor, and here Turkey gets the number one position with the highest return (sometimes as high as 150% of the invested value). The steady and high growth in almost all sectors made the investors who invested in Turkey happy to date.
The Tremendous Growth in The Economy: Turkey has a very strong economy that has seen steady growth in the last 15 years. Turkey tripled its gross domestic product (GDP) only in 14 years as it became a newly industrialized country.
Market Size with High Demand: As a newly industrialized nation, Turkey has a large market demand that is needed to be fulfilled. Again, with the highest population in Europe, all the business sectors will continue to grow and investors have seen the opportunity in this market.
Location: The strategic location of Turkey attracted investors. Turkey resides in Asia, the Middle East, and Europe, so this made Turkey a gateway to all the regions for different business activities.
Other Reasons: There are many other reasons that investors choose to invest in Turkey. Turkey has a highly efficient young workforce, great infrastructures, communications, social and political stability, and all that is needed to run a business successfully. Above all, Turkey has great potential to grow in the future. For anyone who has any dilemma with investing in Turkey, we can assure you there is no risk in investing in Turkey. It is a good idea to invest in Turkey if you know your business well.
Here are some other related articles that might interest you:
- What is the Best Investment in Turkey?
- Top Reasons Why Foreign Investors Should Invest in Turkey
- Is Turkey a Safe Country for Business?
- Incentives Drive Growth into The Real Estate Sector of Turkey
- Investment Opportunities in Turkey’s Real Estate Sector
- UNCTAD. United Nations Conference on Trade and Development. World Investment Report 2019. <https://yased-api.yased.org.tr/Uploads/Reports/wir2021_en_opt.pdf>