Turkey is a big country. It has countless beauties. It is a half island surrounded by seas on 3 sides. Since the year many people are investing in Turkey. It is one of the developed countries especially in real estate sector.
A reformist and business friendly environment with distinct competitive investment conditions.
Turkey is a member of the OECD,Organisationof Economic Co-operation and Development, and an International mediator.
Therefore, supports the Foreign Direct Investment Law, holds Bilateral Investment Protection Treaties with over 70 countries in addition to the Double Taxation Avoidance Agreements with 80 counties and has been in Customs Union with the EU for over 25 years.
Has the 13th largest world economy, upholding as a resilient progressive economy with an average annual real GDP growth rate of 5.8% from early 2000 up to 2017 (according to the Turkish Statistical Institute).
Low Taxes and Lucrative Incentives
Turkey offers investors incentives in Employment, Innovation, Manufacturing, Service Exporting also Research and Development. The benefits include tax deduction and exemption, exclusive and technology development zones as well as payroll and training support.
Being a Middle Eastern country as well as bordering the EU, with close proximity to Russia, North Africa and Asia, Turkey is a strategic access bridge to its major surrounding markets.
Consequently a Free Trade Area in Free Trade Agreements with 27 countries.
Is estimated to have about 81 million inhabitants with half of its population under the age of 31. On that account, Turkey has the largest youth population in comparison to the European Union, hence promising a competitive and qualified labour force.
Would you like to read our previous article? ABOUT TURKEY’S REAL ESTATE