Top Reasons to Invest in Turkey
In recent years, Turkey has become an attraction for many foreign business owners and contractors. Business owners choose to invest in Turkey to expand their businesses globally and buy investment properties. One of the main important features of Turkey is its strategic location. Functioning as a bridge between Europe and Asia, Turkey is supplying many commercial routes and easy access to Europe, Middle East, Asia, and North Africa. Because of Turkey’s strategic location, investors can reach the key markets and sustain global connectivity. Apart from its strategic location, Turkey has many other advantages that attract attention from investors all around the world such as profitable real estate investments and easy procedure of residence permit.
Profitable Real Estate Investments.
After visiting Turkey, many people consider buying real estate in Turkey. From its strategic location to its towns embraced by natural beauties and historical monuments, Turkey offers a lot of favorable factors. While some people consider investing in Turkey as an easy and reasonable way for permanent residence and Turkish citizenship, others consider it as a profitable real estate investment. One of the top reasons for buying real estate in Turkey is that citizens of many countries can visit Turkey easily. They do not have to waste time and money on visa applications because Turkey has a favorable visa process. After 3 years, property owners can apply for Turkish citizenship and become a Turkish citizen. Another favorable reason for investing in Turkey is its affordable prices. Compared to many other countries, Turkey offers plenty of properties with ideal prices. The low cost of living is another reason for preference, which attracts many foreign business owners and investors to Turkey. Contrary to many countries the cost of living in Turkey is quite low and it allows investors to spend quality time with minimum expenses.
Easy Procedure of Residence Permit
In Turkey, the procedure of getting a residence permit is quite easy. This is one of the reasons why foreign investors and business owners choose to invest in Turkey. Foreigners who buy property in Turkey can easily get a short term or long-term residence permit in a couple of months. As well as this easy procedure, Turkey also offers a diverse portfolio that includes a great number of properties with various qualities and prices. Over the last years, Turkey has become a global hub for investments. Apart from its natural beauties and historical accumulation, Turkey attracts many investors because of the diverse property choices in real estate and the favorable factors it supplies for businesses. With these benefits, Turkey hosts plenty of business investments from all over the world including America and China. These motivational procedures and privileges encourage business owners and investors from all around the world to invest in Turkey.
Qualified and Competitive Workforce
With 32.7 million people (about twice the population of New York), Turkey is the 3rd largest labor force in Europe. Compared to European countries, there is a large skilled and competitive labor force because Turkey’s young population percentage is quite big. The number of university graduates has increased rapidly over the last few years, which supplies a skilled and educated workforce. In addition to the qualified workforce, Turkey also offers many other opportunities to the investors such as advantageous investment schemes in order to boost economic development in the country. As well as these investment schemes, several regulations about taxes were made over the last years. To encourage the investors to invest in Turkey, the institutional profit tax has been reduced from %33 to %20. These favorable regulations enable the investment process to be easy and fast for the investors.
