Is Turkey a Safe Country for Business? is a general curiosity for people into investment in the country. For people all over the world Turkey is a great tourist place with no such safety issues. Foreign investors from all over the world have a very common interest, how much safe Turkey is for business?
Is Turkey a Safe Country for Business?
Actually this is not really a very random question for foreign investors as it has seen in many countries that foreign investors invest a lot of money but later the corresponding government couldn’t support investors or in many other cases there is a sudden depression in demand and the business, instead of gain profit runs in loss. So, what Turkey has for the foreign investors to run their business safely.
The Basic Requirements for Any Business in Turkey
Turkey has definite government policies regarding business by foreign investors and all the policies are really investors friendly. All these are modified regularly just to safeguard the interest of foreign investors; not only that with the FDI rules the intentions of the government to save the business set-ups are also very clear.
Social and Political Stability
The social and political structure of Turkey is really very strong so that you can blindly rely on the situation so that it will never be so bad that it can harm your business. Turkey is the most secular, open-minded and progressive country among Muslim population dominant countries.
For any business market is the most important factor. If there is a market where you can sell your product(s) only then you can establish a business. Turkey is a developed and newly industrialized country which has a great market due to its fast-economic growth and the continuously increasing population.
For any business, the demand of the product(s) is vital because only the demand of some product runs the business. In all the sectors that are opened for foreign investment in Turkey has high demand and lack of supply which needs to be fulfilled by producing more products. As a developed populated nation, the demand in various sectors are really high and there is no possibility of decrease in demand.
As a developed nation, Turkey already has a very good infrastructure that helps all business to grow further.
Turkey has a very smooth and speedy transport system that always helps in business.
The energy supply is continuous and although this sector is growing, renewable resources are used in Turkey in a well manner so that there is no problem of energy resources.
Turkey has one of the most efficient and young workforce in Europe. The skilled manpower is really very good here.
Safety of Business in Turkey
Due to all the above available facilities most of the foreign investors around the globe found Turkey safe and in the last 15 years Turkey has become the hub of foreign investors. In June 2019, the Foreign direct investment (FDI) in Turkey was approximately $12.4 billion. This statistic itself says how safe Turkey is for foreign investors to do business safely.