Investing in Turkey can be one of the ways to improve livelihood and the standard of living. Especially despite the various sanctions imposed by Iran, it seems that the demand for investing in Turkey and starting a business, and finally obtaining residence and passport in this country is increasing. Maybe it is a concern for you to find a great investment and quick return with high profit. So we want to talk about the most profitable investment methods in Turkey.
One of the investment paths that many Iranians are taking these days or are thinking about going towards is; Investment in Turkey. Although investing in Turkey has many advantages, you should note that an investment without precision and sufficient information can cause us to fail in this field. So, before taking any action, it is better to know the ways of investing in Turkey and choose the best ones according to your financial and other conditions.
In this article, we will examine the most profitable investment methods in Turkey in 2023 and their advantages, disadvantages, and conditions. Contact Deluxe Properties for a free consultation.
Investment methods in Turkey
There are different ways to invest in Turkey. In the following, we will introduce the most efficient of these methods so that you can act with more knowledge about investing in Turkey:
1. Setting up a business for investment
One of the ways that will bring you a lot of profit and success is starting a business. You can follow different ideas to start a business in Turkey.
It is recommended to start a business in Istanbul. Because due to the mobility of this city and its economic growth, the chances of business prosperity in this city and failure to start work increase. Also, the other important cities of Turkey, Ankara, and Alanya, are very suitable for setting up computer and digital businesses.
To start a business in this city in Turkey, you can count on setting up a cafe and restaurant. You can also think about renting a hotel or apartment hotel in this city. Due to the presence of many travelers in this city, these types of jobs will be very successful.
Also, getting the representation of a famous brand can be one of the right ways to invest in Turkey. Take a look at the most popular European brands and see which ones are less popular in Turkish cities.
Keep in mind that you need to register a company in Turkey to start any type of business in this country. In the company registration in Turkey post , we have fully explained all the steps and costs.
The next step after registering the company is to get a “Calisma Izni” or a work permit.
Other areas for activity
In addition to the tourist fields that were mentioned earlier; There are various other areas for starting a business in Turkey. Guiding travelers, teaching language, working or setting up a baby center, and working in the field of buying, selling, exporting, and importing are areas where the possibility of success in Turkey is high. Another field that has a job market in any country, including Turkey, is Internet programming or other computer sciences.
2. Investing in Turkish real estate
One of the low-risk methods of investing in this country is buying property in Turkey. It can be said that this way of investing in Turkey is the safest way to preserve the investor’s income. In addition to the low risk, this method is one of the most profitable investment methods in Turkey. This method is one of the most popular methods of attracting capital by the markets of this country.
The reason for the success and popularity of the housing market in Turkey is the special advantage of investing in this area. This advantage is due to the fact that by buying a property with a value of four hundred thousand dollars and more, the buyer can obtain a Turkish passport and Turkish citizenship.
Also, by purchasing a property for less than this amount, the buyer can apply for residence as a full family for himself and his family (wife and children under eighteen years of age) and extend his residence until the time of selling his property.
You should have at least fifty thousand dollars to buy property in small cities and seventy-five thousand dollars in big cities. In fact, you can buy a house in Turkey for about three billion tomans. Note that after buying a property in Turkey, you do not have the right to sell your house and property and transfer it to others for three years.
Before buying a property in Turkey, it is better to check the information and location of the desired place in order to make the best decision and the best choice.
View investment projects with reasonable prices in Turkey
3. Investment in Turkey through banks
If you are thinking of investing in Turkey only to obtain a passport; This way is one of the easiest ways available. Although investing in Turkey and its banks, due to the fact that they do not have high-interest rates, you may face a decrease in the capital after years; it is an easy way to get residence in this country. Of course, this way is expensive. You can get a passport of this country by blocking the amount of 500 thousand Turkish Liras for three years.
Of course, during the mortgage period, the money in the bank earns interest on it, and you can withdraw the principal and interest from the bank after three years. This money must be approved by the Turkish Ministry of Industry and Technology. To open an account in a Turkish bank, you invest dollars or euros, and this money is converted into Turkish lira through the bank.
due to Iran’s sanctions and the strictures regarding opening accounts for Iranians; It seems that the Bank of Agriculture is the best option for opening an account in Turkey because it is a state bank.
4. The Turkish Stock Exchange is a place for investment
Like most countries in the world, in Turkey, the stock market can be seen as an investment market. Currently, more than five thousand foreign companies are present in the Turkish stock market.
Before entering the Turkish stock market, it is better to acquire the necessary technical knowledge and financial information about the Turkish stock market in order to minimize the risk of loss and damage.
Investing in the Turkish stock market is done through the banks of this country. Therefore, the first step to participate in the Turkish stock market is to open an account in the banks of this country. After opening a bank account, you can start trading in the stock market through investment funds in banks.
Istanbul Stock Exchange has three general market categories:
- The stock market is divided into seven different markets. The official trading hours in this market are between 9:30 and 14:30.
- Global or international market: In this market, transactions are done with the help of US dollars. Among the big companies operating in this market is one of the biggest banks in Kazakhstan. This market deals with its official transactions between 13:00 and 16:30.
- Bond market: This market is a structured market for trading fixed-income bonds. This market itself has three main markets. Official trading hours in this market are between 9:30 AM and 5 PM.
5. Marine tourist market is a way to invest in Turkey
One of the most profitable ways to invest in Turkey is to invest in the marine tourism sector. Buy or rent a yacht! By renting it to travelers as well as organizing happy and fun tours, you will get a high and rich income.
Since Istanbul and Alanya are tourist cities, you can make a lot of profit in a short time by renting a ship. Of course, to achieve profit, you need to use a correct strategy and professional marketing for your business. A tour of the beautiful Prince’s Islands during the days of Istanbul, a tour of the azure waters of the Mediterranean and seeing the caves of Alanya, and a boat tour of the Bosphorus Strait, or a happy tour of Alanya with dancing and dancing and party floors at night can be the most profitable tours for you.
6. Buying a profitable brand for investment in Turkey
You can buy a ready and active brand in Turkey. In fact, in this method, instead of starting a business from scratch, buy an active business.
For example, you can buy an operating apartment hotel from its owner or rent it as a whole. Also, you can rent or buy all kinds of restaurants and cafes active in Turkey, especially in Istanbul and Alanya, and bring a lot of profit to yourself. In addition to this benefit, this method can lead to obtaining a Turkish passport.
7. Investment in Turkey in the import and export sector of Turkey
Since Turkey borders Iran on one side and is a bridge with Europe on the other side; It is a unique region for investment in exports and imports. Due to the fact that Iran is under many sanctions, a special account can be opened in Turkey for the entry of many goods from Europe to Iran.
Also, the low cost of transportation in Turkey has made it a suitable place for importing and exporting. One of the easy ways to import and export goods in this country is to register a company and become a member of the Chamber of Commerce.
So far, we introduced the most profitable investment methods in Turkey, but now let’s see why you should invest in Turkey at all.
Why invest in Turkey?
In recent years, Turkey’s chances of attracting foreign investments, especially from Iranians, have increased. In the following, we have tried to explain the most important reasons that have made Turkey a suitable land for investment:
The gateway to Europe
It can be said that the most important reason that makes Turkey a suitable country for foreign investments is; Its geographical position and geography of this country is valuable. In fact, Turkey, which is located in the Eurasian region; It plays the role of a natural bridge between the two continents of Europe and Asia. For this reason, this country is also referred to as the gateway to Europe.
Also, Istanbul, which is in the European part of Turkey, is considered the largest metropolis of the Green Continent. Also, this city is the seventh city of the European continent in terms of the amount of investment, both local and foreign.
This strategic location makes Turkey a popular place for foreign investors. Especially for those who intend to immigrate to Europe, Turkey can be their springboard. For this reason, investment with the purpose of immigration is very popular in this country.
Economic growth rate
Turkey’s economic growth train is moving very fast. During the last twenty years, this country has experienced a seven-step progress among the countries of the world. So that according to the GDP index, Turkey has reached the 18th rank in 2003 to the 11th rank in 2021.
Also, Turkey’s economy has become the 21st most powerful economy in the world in 2023. Although according to Turkey’s vision of 2023, this country should have reached tenth place in the world economy in the new year; the 21st rank is also a favorable rank for a developing country.
Strong entrepreneurial community
Turkey, especially the city of Istanbul, has a large community of entrepreneurs, especially in the field of startups. This expansion of start-ups in Turkey shows countless job opportunities and the possibility of high communication. Also, this country is full of various events, joint collaborations, and entrepreneurship-based conferences that pave the way for investment in this field.
Various incentives to attract foreign investment
In recent years, the Turkish government has planned various programs and incentives to attract foreign capital. Specifically, the Investment Office in Turkey introduces seven investments as high-quality investments in Turkey.
Investments that reduce imports, investment in Turkey with an export focus, investment in research and development center, design and innovation, provision of technology investment and knowledge transfer, investment in the field of employment, investment in Turkey to support transformation Digital, investing in Turkey to increase quality jobs are seven areas for which the Turkish government has considered special incentives under the title of quality investment.
Turkey helps to accelerate the process of foreign investment by paying various loans and various legal incentives.
Young, skilled, and competitive workforce
More than half of Turkey’s population is made up of young people under 33 years of age, and a good percentage of them are educated and have expertise. This young percentage compared to the elderly population of various European countries is considered a significant advantage for investing in Turkey.
Favorable investment infrastructure in Turkey
Good infrastructure is one of the most important factors in attracting foreign capital. Investors are looking for places where they can operate with good infrastructure and low transportation costs. With the growth of various infrastructures such as transportation, power, and technical infrastructure, Turkey has become a magnet for attracting foreign capital.
In addition to the things described in detail above, there are other things like the integrated and global banking system and the possibility of exchanging goods at the international level, which help Turkey become one of the world’s investment hubs.
The possibility of Turkey joining the European Union
For many years, Turkey has been seeking to join the European Union due to having a European part. If this is realized, new horizons will be opened in the world of business and the economy of Turkey. With this account, investing in Turkey can lead to investing in Europe, which will bring rich profits for the investor.
Valuable passport
Turkish passport is one of the ten most valuable passports in the world. You can travel to most countries of the world with this passport. Since 2016, with the announcement of the Turkish government, one of the ways to acquire citizenship and finally obtain a passport of this country has been announced as an investment. Investing in real estate, starting a business, and investing in a bank are among the most important ways to get a Turkish passport.
Advantages of investing in Turkey
The first advantage of investing in Turkey is obtaining a Turkish residence or passport. By investing in this country, you can get your passport in three to six months. Turkish passport is valid for ten years and can be renewed for life. With a Turkish passport, you can travel to more than a hundred countries in the world.
The next advantage of investing in Turkey is having the right to Turkish citizenship like other citizens of this country. Also, investing in Turkey is more stable and less risky than investing in Iran due to the absence of sanctions in this country. Of course, you should note that in addition to these advantages, investing in Turkey also has disadvantages:
Disadvantages of investment in Turkey
One of the problems that may happen to you in relation to investing in Turkey; There is the risk of property confiscation. Of course, considering the relations between Iran and Turkey, this risk is currently at a low level.
Another disadvantage of investing in Turkey is the presence of rent and administrative corruption in the government machinery of this country it can be said that Turkey is not a clean country in this sense and the corruption rate in this country is average.
Also, since Turkey has just started to develop and is considered to be developing; Its gross national profit rate is lower than European countries. Of course, considering the rapid growth of this country in recent years; Achieving a high percentage of GDP for Turkey is not far from the mind.
Although one of the advantages of investing in Turkey is the relatively low tax rate, especially in the field of property; the Turkish government has increased the tax rate in its recent policies. For this reason, the tax rate in this country is higher than in many countries in the region.
A final word about investment in Turkey
As mentioned in the above sections; Investing in Turkey can be one of the ways to immigrate to Turkey, in addition to the fact that it can bring you a lot of profit and efficiency.
Immigrating to Turkey can be your final destination for life, and it can be a prelude to immigrating to the countries of the European continent. There are many different ways to invest in Turkey. It is you who can choose one of these investment methods according to your goal of investing in Turkey, your expertise, and your financial ability.
Please note that if you need a face-to-face or telephone consultation, you can arrange a time with one of the experts in this field and receive the necessary consultation according to your needs. Also, nowadays, due to the progress of human society, it has become easier to find individuals or companies with the necessary abilities in the field of investment in Turkey.
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Answers to frequently asked questions about investing in Turkey