How to establish your own business in Turkey

Updated: Aug 17

In the past few years, Turkey has achieved remarkable economic success, and the Turkish government has managed to make the country an important destination for foreign investors to invest their money by purchasing real estate in Turkey.

After the new Turkish nationality law, which stipulates that ownership of a property worth $ 250,000 can be obtained, foreign investors who want to buy apartments in Istanbul have increased their interest in buying villas in Istanbul, especially on the European side.

Real estate investing is a successful and guaranteed investment with high profits annually. But it is not the only successful investment for foreign investors as there are many other companies and investments that can be a good opportunity for them as well.

Recently, the Turkish government has mandated a business law to make direct investment in Turkey for foreign investors easier.

The new Foreign Investment Law affirms the principle of treating foreign investors in the same way as Turkish investors. Which means that they can establish any kind of business they want as long as they will follow Turkish trade laws in general.

This Turkish Commercial Law gives foreign investors the possibility to open all types of companies, such as a joint stock company, a legal liability company, a cooperative company, a joint liability company, or a limited partnership company.

In addition, to make the investment environment more comfortable, the Turkish government has made many improvements to the country's laws to facilitate the establishment of businesses in Turkey.

The Turkish Ministry of Trade has also created an electronic platform called “MERSIS” in order to establish a new business enterprise in Turkey, for example, the incentive system provided by the Turkish government to foreign investors and government agreements that ensure that any investor will not suffer from double taxation.

One of the best features about Turkey's trade laws is the fact that the procedures for transferring assets, residency and work permits are very simple.

Many want to invest in Turkey, and so they need to be near their business to supervise the work, and this means that they will need a place to stay, and in this regard, the best option for the investor is to buy apartments in Istanbul if his business is in Istanbul of course.


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