There are many types of successful investments in Turkey. In this article, we mention the best areas of investment in Turkey:
Industrial investment in Turkey
Investment in the industrial sector is Turkey’s first and most guaranteed investment, as Turkey embraces more than 200 industrial zones spread over 80 regions. Currently, 69 other industrial zones are being built, and 215 industrial zones are planned to be opened. These areas are characterized by advanced infrastructure and a set of facilities serviceability.
The automotive industry is one of the most important industries in Turkey, as it is characterized by efficiency and fame worldwide. Perhaps the most critical event in the history of the automotive industry in Turkey is the unveiling of the first fully Turkish-made electric car at the beginning of 2020, and do not forget the Turkish agency TÜBİTAK, which is the first agency in the field of Science and technology development and innovation policies.
Turkey is also famous for its chemical industries, especially the plastic industries, which have achieved vast success at the level of industrial investment in Turkey.
Advantages of Industrial investment in Turkey:
- The investor is exempted from VAT when purchasing land.
- Turkish law provides that the annexation or separation of plots of land is exempt from taxes.
- Exemption from real estate tax for five years, starting after the facility’s establishment. The construction process and use of the facility are also exempted from municipal taxes.
- To encourage investment, water, natural gas, and communications costs are reduced, in addition to exempting solid waste from municipal taxes if the organized industrial zone does not benefit from municipal services.
Investing in a business in Turkey
What distinguishes Turkey from other countries is the low prices of its merchandise compared to its high quality. The Turkish industry can provide various types of products, whether simple or complex, at the most reasonable prices, which sheds light on investment in Turkey’s trade field. Do not forget the facilities Presented by the Turkish government and the laws that it established to encourage investment, the most important of which was the lack of double taxation laws that guarantee the rights of foreign investors, as well as the principle of reciprocity, which stipulates that foreign investors in Turkey enjoy the same rights and advantages as the Turkish investor.
Among the facilities provided by the Turkish government is to reduce the costs of setting up businesses and the number of documents required for this, and the commercial registry offices of the Chamber of Commerce in each city of Turkey were limited to carrying out all commercial procedures.
Real estate investment in Turkey
Investing in real estate in Turkey is one of the most successful, safe, and widespread investments in Turkey. As a result, Turkey tops the list of countries in the world in terms of the number of sales, and Istanbul ranks first among Turkish cities in terms of sales and investments.
The process of calculating investment profits in the Turkish real estate market differs from other types of investments, as it is directly related to the location of the property, whether in a vital or new and developed area, which provides an annual increase in the price of the property and thus increases in profits well and consistently.