Turkey is a country with a thriving economy and a prime location at the intersection of Europe and Asia, offering plenty of business opportunities for foreign entrepreneurs seeking to establish a business in the country. Tourism is one of the most promising sectors in Turkey, thanks to the diverse landscape, rich history and growing number of high-end resorts and vacation spots that make it a popular destination for world travelers. entire. Investing in hotels, restaurants, tour companies and other businesses serving tourists can generate substantial profits.
Another sector with great potential is construction and real estate. Turkey has a rapidly expanding population and a shortage of housing, resulting in high demand for new developments. Foreign investors can invest in the construction of new buildings or buy and manage existing properties. The manufacturing industry is also a viable opportunity for foreign investors. Turkey has a well-developed infrastructure, a large workforce, and access to raw materials and markets, making it an ideal location for manufacturing, including textiles, automobiles, white goods and chemicals. The service sector, especially in the areas of finance and technology, is also growing in Turkey. The country has a thriving start-up ecosystem and a rapidly developing technology sector, and foreign investment in these areas can be very profitable.
For foreigners wishing to set up a business in Turkey, the first step is to choose a legal form for the business. The most common form for foreign companies is a limited liability company (LLC). Once the legal form has been chosen, the next step is to obtain a tax number and a registration number from the Turkish government. After that, the company must be registered with the relevant authorities and obtain all necessary licenses and permits. There are several reasons why these companies make sense for foreigners in Turkey. The country offers a large and expanding market, a well-educated workforce, and a business-friendly environment with relatively low taxes and regulations. Additionally, Turkey’s strategic location allows easy access to markets in Europe, Asia and the Middle East. However, it is also important to note that running a business in any foreign country can present its own challenges, and it is essential to understand the cultural, legal and economic environment before setting up a business. It is recommended that foreigners seek the help of experts such as lawyers and accountants to navigate these challenges and ensure success.
