Top Five Reasons Why Foreign Investors Should Invest in Turkey
Since the last decade, Turkey has been the main attraction within foreign investors like an investment hub. Let’s check the top five reasons why such a huge number of foreign Investors invested in Turkey
High Return on Investment
The first and foremost reason to choose Turkey for investment by foreign investors is the returns on investment (sometimes as high as 150%) Investors are getting over the years. In terms of return, Turkey is a heaven for investors.
Rules Favorable for Foreign Investment
Turkey is considered as a very safe place for foreign investors. As per the Foreign Direct Investment (FDI) law of Turkey, foreign investors are free to make direct investment and This makes a big difference in freedom for foreign investors compared to any other nation. The most significant factor is that both foreign and domestic investors are treated equally! This equality is everywhere from tax to other business laws. This makes a big difference in freedom for foreign investors compared to any other nation. Possibly this is why within a year Turkey jumped up to 10th rank and ranked 33rd worldwide for ease of doing business in the last report (2019)!
Being a newly industrialized country Turkey has a huge potential to work on. So, although in the present pandemic situation Turkish currency (Lira) is not performing very well compared to the past years for foreign investors it is high time to invest in Turkey to get the maximum return to the future. Because in spite of pandemic Turkey is optimistic about seeking positive growth in 2020.
The World Bank termed the economy of Turkey as an upper-middle-class economy. So, it has huge potential in different sectors that can be easily targeted by foreign investors to seek high profit.
Last but not the least, the social format of Turkey provides foreign investors with comfort. Even being a Muslim dominated population, with the lowest living cost compared to any other country of Europe; Turkey is the most secular, open-minded, and progressive country among all Muslim dominant countries.
So now you can understand why foreign investors prefer to invest in Turkey. Overall investing in Turkey as a foreign investor with some caution is a smart decision to make.