Investment in Turkey has been positioned over the past decade as a promising market with great potential.
The Turkish economy ranks 13th among the first twenty economies, has been boosted by the facilities provided by the law, and supported by the Turkish government to investors in Turkey. In addition to the benefits that the investors secure from establishing a business in Turkey like the terms of residency.
The facilities provided by Turkish law came up with a range of promising investment opportunities in several sectors. There are no conditions or restrictions for establishing a company in Turkey. But what are the promising industries in Turkey?
Industrial investment in Turkey
Turkey is a member of 20 industrialized nations group, which made it one of the reliable industrialized countries to export high-quality consumer goods, especially electrical appliances, which became the first source to Europe.
Istanbul is the main city in Turkey that includes several large industrial areas that represent investment opportunities in this industry by using skilled manpower, and the quality of Turkish products and raw materials.
These industries include chemical, auto and machinery spare, textiles, food, plastic, and iron.
Investing in Tourism
There are more than 42 million tourists visiting Turkey every year, and it is the 5th among most tourists’ attractive countries in the world. Moreover, Turkey has great weather and diverse places like beaches and historical sites, cafes and restaurants that offer a wide range of foods due to the diversity of the country’s cultures, which are among the strong attractions of tourists from all around the world.
On the investment side, tourism investment in Turkey is a very promising business from an economical point of view, as the country is more than a tourist destination, as it achieves huge profits from this sector in 2019 about 35 billion dollars.
Real estate investment in Turkey
There are several reasons for increasing the demand for the real estate sector in Turkey, among these reasons:
- The decline of real estate prices, as a result of the decrease in the exchange rate of the lira, this situation provides investors investment opportunities with a high-profit margin.
- There are no restrictions on investment in any type of real estate, as the investor has the right to choose the location that he wants to invest in.
- The investor and his children under the age of 18 have the right to obtain Turkish citizenship.
Investing in jewelry
Jewelry and precious metals industry is among the stable industries in Turkey. Turkey’s exports of jewelry jumped up to 5 billion dollars in 2019, with 70% growth over the last five years, in addition to the jewelry trade local market.
Moreover, Turkey hosts the international jewelry trade fairs, which makes it a strong trade center for this business.
Investment in franchise
Investing in franchises in Turkey is one of the most rewarding investments in Turkey. It means joining a partnership with a well-known brand in the country, where the investor pays a fee for using the brand.
The investor uses the brand name by opening a new branch that holds the same brand name but owned by the investor including the total profits.
This type of investment has many benefits:
- Successful partnership with a well-known brand in the Turkish market.
- Excellent profit margin and safe investment.
- The franchise provides you the raw materials and trained labor, which saves you a lot of time.
Investment in Turkey has become one of the most powerful and growing investments in Europe, with continuous economic progress. As the Turkish economy grows with the reforms provided by the government which made the investment in Turkey a promising opportunity for success.