Why Foreigners Prefer to Citizenship by Investment in Turkey?
Turkey has one of the world’s fastest-growing economies and a very young population. Besides, with its strategic location and many other advantages, it continues to attract foreign investors. In this article, you can find the key points of why foreigners prefer to citizenship by investment in Turkey.
Stable Growing Economy
Between 2002 and 2018, the average annual real GDP growth rate was around 5.5 percent and continued stable economic growth. Turkey has the 13th largest economy in the world and 5th largest economy compared to the EU. In the last years, the Turkish economy has provided an inflow of 209 billion USD via foreign direct investment (FDI). Between 2002 and 2018, it has gained a dynamic and mature outlook with 168 billion USD export made by a 366 percent increase.
High Young Population Rate
With a population of over 82 million young people under the age of 32 about half the population of Turkey, dynamic, it consists of a well-educated and highly cultured population. This rate, compared with the EU countries, Turkey has the largest young population shows that country.
Qualified and Competitive Workforce
Almost 1 million students graduate every year in Turkey are graduates. With more than 32.3 million young, well-educated and motivated professionals attending workforce productivity in Turkey is increasing day by day.
Liberal and Reformist Investment Environment
Turkey has eliminated restrictions on foreign direct investment and has created a more liberal investment environment for foreign investors. In a short period of 6.5 days, it is possible to establish a company in Turkey. Turkey is a highly competitive investment conditions for investors while being mindful of the principle of equal treatment for all investors. With a strong industry and services sector, Turkey is home to approximately 65,500 international capital companies.
Turkey has established a new and advanced technology infrastructure in the fields of transportation, telecommunications, and energy with increased investments. It also has many advantages, including well-developed and low-cost maritime transport facilities, as well as rail transport to Central and Eastern Europe, and a direct distribution mechanism with well-structured land transport routes to most EU countries.
Turkey is creating a natural bridge between East-West and North-South offers efficient and cost-effective entry to large market opportunities. It is possible to reach approximately 1.7 billion customers in Europe, Eurasia, the Middle East, and North Africa. This means access to multiple markets worth a total of $ 27 trillion in GDP.
Energy Corridor and Terminal Of Europe
Turkey is an important energy terminal and corridor linking East and West is the location. It is located close to more than 70 percent of the world’s proven primary energy reserves. The largest energy consumers in the region EU makes Turkey a port and an energy terminal in the energy transition.
Low Taxes and Incentives
Tax benefits and incentives are provided to foreigners who wish to invest in Technology Zones, Industrial Zones and Free Zones, including income tax exemptions, social security grants, and land allocation. Also, additional incentive opportunities are created for strategic and large-scale investments with the R&D and Innovation Support Law.
Customs Union with The EU
The Customs Union with the EU and Free Trade Agreements have been signed with 22 countries, and new bilateral trade agreements are still being signed.
Large Domestic Market
Turkey, with its young and growing population, has a large domestic market in the region. Moreover, the Turkish economy has great potential and the Turkish business world is very active. Turkey as an important partner of many countries from Europe, continues to trade and invest.ENQUIRE NOW