Turkey is a nation that has a tourist, commercial, and investment environment all at the same time, so it draws the attention of investors from all over the globe, as well as the fingers of those seeking for productive and lucrative business ventures. we will discuss the best methods to start your business in turkey as well as the most successful projects that you may undertake in turkey in this post.
The Turkish economy ranks 16th in the world and is presently the sixth biggest in Europe, making Turkey a high-growth market for numerous investments and businesses. Turkey’s rapid development, youthful and skilled workforce, and strategic position between Asia and Europe make it an appealing place for expansion and investment.
Among the areas that make it easier to establish a small business in Turkey is the services sector, which accounts for about 65 percent of the Turkish GDP, while agriculture accounts for approximately 26 percent. However, the agriculture industry remains one of Turkey’s biggest employment sectors. Tourism is also a significant source of income. Turkey is rated sixth among the most popular tourist destinations in the world, while banks and the construction industry are also significant income generators.
If you are an investor wondering how to start a project in Turkey, examine the following list of best-proposed ventures in Turkey:
If you are wondering how to start a company in Turkey, you should do the automobile trade since just 25% of the Turkish population has a vehicle, but the consumer middle class has been increasing in size since 2000, and therefore a huge increase in domestic usage of cars is anticipated. Furthermore, there is a severe lack of suppliers in the auto parts industry, making it difficult to earn a significant profit if you begin selling vehicles or replacement parts in Turkey.
If a small investor asks you how to establish a project in Turkey, tell him to invest in the construction and building industry. Construction is a critical industry in Turkey, and it is a major generator of both public and private investment. There are a lot of construction firms in Turkey, but there are still a lot of gaps in the environment and infrastructure, therefore there are a lot of possibilities for investors to work in the construction industry. If you have a solid experience in engineering or construction, you may simply start working in Turkey or establish a business that distributes building raw materials. Construction and building in Istanbul especially is a very revenue-making industry. The city is full of culture and people with amazing attractions, restaurants etc. That is why you can find many customers in Istanbul.
You must visit the Turkish Chamber of Commerce, which has offices in all major cities and most smaller cities across Turkey. After completing and legally verifying your commercial documents, contact them within 15 days to arrange for registration in the Trade Register.
A Turkish business registration application form, a written application for registration, evidence that you are a founder member, a letter of commitment to an obligation imposed by Article 29 of the commercial register rules, and a receipt for the required amount must be submitted.
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Turkish Citizenship Programme The Republic of Turkey now made the following to foreigners who meet the following requirements: Property investment of $400,000 With a $500,000 investment, you can start or buy a business. deposit 500,000 $ in Turkish state financial products or financial institutions provided they do not withdraw funds for three years In Turkey, 50 people are employed. It usually takes 3-5 months to obtain Turkish Citizenship and a Turkish Passport both for Main Applicant and other relatives, assuming all documentation is complete and ready. There are 94 countries that require Turkish citizens to obtain a visa, and a huge proportion of them grant Turkish expatriates a visa under simple and uncomplicated conditions.
Foreign entrepreneurs who want to start a business in Turkey must first fulfil a set of standards before they can start working. The following are the stages: deciding on the type of business they want to form and completing and notarizing the relevant documents in accordance with the Companies Act; Create a bank account for the firm and deposit the required share capital; according to the legislation, nominate the company's directors or management; send the documents for incorporation, together with the identities of the shareholders and management, to the Trade Register; Obtain tax and VAT numbers, as well as social security registration with the tax office.
Istanbul is one of the most important and commercial regions in the world
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Istanbul, a historic city straddling europe and asia, is one of the world’s most important metropolises. known as byzantium in antiquity, it became constantinople, the roman empire’s capital, during the reign of constantine the great. it remained the capital of the eastern roman empire until 1453, when it was conquered by the ottoman empire and became the ottoman empire‘s capital.
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