Set Up Business In Turkey: A Melting Pot Of Culture and People
Compared to a lot of other countries in Europe, one thing Turkey has in its claim to fame is that it is a relatively inexpensive country. As an investor, this is something that is music to your ears because it means major costs savings so you can focus on maximizing your profits without compromising on quality. With an incredibly young population of skilled and unskilled labour available in Turkey, entrepreneurs will find no shortage of top-quality worker selection should they choose to start a business here. The home of a successful economy, qualified and competitive labor force, low taxes and incentives, Turkey is one of the best places in Europe for an established business. Want to register and set up business in Turkey? Here is why you should:
Because It Is Easy to Setup a Business in Turkey
That’s more than enough reason because no investors want to deal with the mess of red tape and bureaucracy that makes setting up a business in a lot of other countries a rather difficult endeavor. In Turkey, you won’t have to worry about that hassle because a company can be set up and incorporated within a week, with a minimum of one director and one director who can be of any nationality. This means that a business in Turkey can be fully foreign owned.
Because It Is the Fastest Growing European Economy
As an investor, you want the place that you are setting up your business in to be one that is stable, steadfast and rapidly growing. Turkey’s economy is one of the most rapidly expanding economies in the world, what better place to start a business than here, right?
Turkey’s Free Zone Companies Have Tax Benefits
If your company does business in Turkey’s Free Zones, you have no obligation of paying corporate tax, VAT and even customs duties. As an added benefit, free zone companies can get free repatriation of their profits which channels back to the parent company.
Transporting Goods Is Easy
Thanks to the vast railway routes to destinations in Europe and Asia, transporting goods around Turkey is a breeze. The country’s strategic location between Europe and Asia reduces the transportation costs incurred by moving goods to either continent. Also,the country’s low-cost sea transport infrastructure allows quick and easy shipment of goods throughout Europe.
Turkey Protects Its Investors
According to International Finance Corporation, Turkey is the 20th best country in the world when it comes to investor protection.
This puts Turkey’s ranking above the OECD average in all major business aspects when it comes to protecting investors. This is good news especially if you are thinking to invest and set up business in Turkey.