Türkiye
The world’s 15th largest and Europe’s 6th largest economy, which has been growing by an average of 6.9% per annum over the last 5 years.
- A steadily growing economy for the last 24 quarters
- A thriving country with a GDP increase of 187% over the last 5 years
- The fastest and longest running growth performance in the region
Thanks to prudent fiscal and monetary policies as well as comprehensive structural reforms, economic fundamentals and balance sheets have strengthened considerably in recent years, making the economy much more resilient to adverse shocks.
An established economy triggered by the high amount of FDI, ranking it as the 15th most attractive country for foreign capitol.
FDI in Türkiye has increased ten-fold within a 5 year period.
The highest workforce productivity growth among OECD countries
Unit Labour Costs , Labour Productivity
Average annual growth in percentage, 2000-2006
Türkiye has a total population of 70 million with an averageage of 28.3.
24.7 million active in the labor force
The 4th largest labor force compared to the EU 27
Dedication to work, high productivity and low absenteeism are the main characteristics of the Turkish working culture.
Türkiye’s export has an increase of 197% in the last five years.
Türkiye’s total foreign trade volume has increased from 87.7 billion USD to 340.9 billion USD in the last 5 years.
An EU Customs Union member since 1996
Engaged in EU accession negotiations
An extremely business-friendly environment
Irrespective of nationality or place of residence, the registration and establishment of a company in Türkiye can be completed in one day.
Türkiye has one of the most liberal legal systems for FDI among all OECD countries.
Equal treatment guaranteed and reaffirmed by the FDI Law
The new FDI law focuses mainly on the protection of investors’ rights.
Rights of international investors are:
- Free transfer of funds
- Acquisition of real estate
- Dispute settlement either in local courts or international arbitration bodies
- Valuation of non-cash capital
- Work permits for expatriates
- Opening a liaison office
The Turkish government provides incentives to encourage, support and orient investments which are in-line with international commitments.
The investment incentives in Türkiye:
- General investment incentive program
- Incentives for priority development regions
- Incentives granted to SME’s
- Research and development support
- State incentives for export and for agricultural activities
