Turkey has emerged as an attractive destination for foreign investors, offering a favorable climate for business ventures. Its strategic location near the EU, coupled with bilateral trade relations, makes it particularly appealing for investors from the Gulf region and other Arab countries.
One of the key advantages of investing in Turkey is its Customs Union agreement with the EU. This agreement grants duty-free access to an extensive and affluent market, making Turkey a gateway to one of the world's largest consumer bases.
When considering investments in Turkey, several factors contribute to its profitability. With a reasonable exchange rate, affordable labor costs, and a well-educated population, businesses can thrive and enjoy the ease of exporting their products to the EU.
In the process of establishing a business in Turkey, there are important criteria to be aware of. Turkish Commercial Law emphasizes the principle of equality, ensuring that all investors, regardless of their nationality, are treated fairly under the supervision of Turkish authorities. This promotes a level playing field and instills confidence in foreign entrepreneurs.
Furthermore, the process of setting up a business in Turkey is remarkably fast and efficient. According to OECD figures, it takes a mere 7 days to initiate a business in Turkey, demonstrating the government's commitment to streamlining procedures and facilitating entrepreneurship.
In terms of ease of doing business, Turkey ranks 33rd globally, showcasing its supportive business environment and favorable conditions for investors.
If you are considering expanding your business or venturing into new markets, Turkey presents a compelling opportunity. Its advantageous geographical location, trade relations, and investor-friendly policies make it an ideal destination to establish and grow your enterprise.
Unlock the immense potential that Turkey offers, and seize the benefits of operating in a thriving market with a rich blend of cultures and a dynamic economy. Partner with us at Veles Club, and let our expertise guide you through the process of setting up and thriving in the vibrant business landscape of Turkey. Together, we can achieve remarkable success.
If you want to explore the possibilities of setting up a business in Turkey and benefit from our expert guidance, contact Veles Club today.
