As a foreign national looking to establish a business in Turkey, there are many opportunities to be found in the country’s thriving economy and strategic location. The tourism industry, with its diverse landscape and growing luxury resorts, offers potential for investments in hotels, restaurants, and tour companies. Similarly, the construction and real estate sector, with a growing population and high demand for housing, presents opportunities for investing in new developments or managing existing properties. The manufacturing industry, with its well-developed infrastructure and access to raw materials and markets, is also a viable option for foreign investment. The service sector, specifically in finance and technology, is also expanding and presents opportunities for foreign investment. To register a company in Turkey, one must first choose a legal structure, typically a limited liability company, then obtain a tax and trade registry number from the government, and register the company with the relevant authorities while obtaining any necessary licenses and permits. While the country offers a large market, educated workforce, and business-friendly environment, it’s important to keep in mind that doing business in a foreign country comes with its own set of challenges and it is recommended to seek the advice of experts such as lawyers and accountants to ensure success.
As a foreign individual or entity looking to establish a business in Turkey, there are several options available to you in terms of sectors and industries. The country’s growing tourism industry, for example, presents opportunities for investments in hotels, restaurants, and tour companies. Similarly, the construction and real estate sector is also thriving due to the high demand for housing, providing opportunities for investment in new developments or the purchase and management of existing properties.
In addition to these sectors, the manufacturing industry in Turkey offers a favorable environment for foreign investors, with a well-developed infrastructure, a large workforce, and access to raw materials and markets. Also, the service sector, especially in finance and technology, has been growing in recent years, and foreign investment in these areas can be highly profitable.
To register a company in Turkey, the first step is to choose a legal form, most commonly a limited liability company (LLC) for foreign-owned companies. Once the legal form has been chosen, the next step is to obtain a tax number and a trade registry number from the Turkish government. After that, the company must be registered with the relevant authorities and obtain any necessary licenses and permits.
Despite the many advantages and opportunities available in Turkey, it is important to note that starting a business in any foreign country can come with its own set of challenges. Therefore, it is recommended to seek the help of experts such as lawyers and accountants to navigate these challenges and ensure success.
