Istanbul Invenstments NAVIGATION SOCIAL MEDIA

01. A VERY PROFITABLE ECONOMY

  • Successful economy; GDP has reached USD 800.1 billion in 2014, up from USD 231 billion in 2002 (TurkStat)
  • Stable economic growth with an average annual real GDP growth rate of 4.7 percent between 2002 and 2014 (TurkStat)
  • Promising economy with a bright future as it is expected to become one of the fastest growing economies among the OECD members during 2014-2016 with an average annual real GDP growth rate of 3.6 percent (OECD, February 2015)
  • 16th largest economy in the world and 6th largest economy compared with the EU in 2014 (GDP at PPP, IMF WEO)
  • Institutionalized economy fueled by USD 144 billion of FDI in the last decade (CBRT)
  • A dynamic and mature private sector with USD 158 billion worth of exports and an increase of 250 percent between 2004 and 2014 (TurkStat)
  • Established economy empowered by USD 135 bill. Of FDI in the last decade. (CBRT)

02. VERY BIG DOMESTIC MARKET

  • The total subscribers of mobile phones tripled from 23 million subscribers in 2002 to 71.9 million subscribers in 2014 (TurkStat)
  • The total of broadband internet subscribers are 39.9 million in 2014 and rose from 0.1 million in 2002 (ICTA, TurkStat)
  • The total of credit card users increased from 16 million in 2002 to 57.2 million in 2014 (The Interbank Card Center of Turkey)
  • The total of airline passengers rose from 33 million in 2002 up to 166,5 million in 2014 (TurkStat)
  • The international tourist arrivals have also increased from 13 million in 2002 to 44.9 million in 2014 (TurkStat)

03. PRODUCTIVE POPULATION

  • A Total Population of 77.7 million (2014, TÜİK)
  • Largest youth population when compared with the EU (Eurostat)
  • More than half the population is under the age of 30.7 (2014, TurkStat)
  • Young, well-educated, vibrant, and multi-cultural population

04. HIGH QUALIFIED LABOR FORCE

  • Turkey counts more then 29.2 million young, motivated and well-educated professionals (2014, TurkStat)
  • An average of 610,000 students graduate every year from over 183 different universities (2012, Student Selection and Placement Center-OSYM)
  • The Turkish market is expanding its labor productivity as well
  • Turkey also counts 750,000 high school graduates with around half from professional and technical high schools (2013, TurkStat

05. GOOD INFRASTRUCTURE

  • New and highly developed technological infrastructure in transportation, telecommunications and energy
  • Affordable and well established sea transportation facilities
  • With Turkey’s locaion there is a Railway transport benefit to Central and Eastern Europe
  • Highly developed transportation routes and direct delivery system to the EU countries and open borders in trade since

06. STRATEGIC LOCATION

  • A strategic location coonecting between both East-West and North-South axes, which is creating an competent and cost effective channel to major markets
  • Very easy access to 1,5 billion consumers in Europe, Eurasia, the Middle East and North Africa
  • A gate to multiple markets worth USD 25 trillion of GDP

07. ENERGY BASE OF EUROPE

  • Located close to more than 70 percent of the world’s main energy reserves, while the largest energy buyer Europe is located right to the west of Turkey, therefore making the country an essential in energy transition and a very important energy terminal in the area.
  • A very significant energy gateway in Europe connecting the East and the West

08. INTERESTING INCENTIVES

  • Tax benefits and incentives in Technology Development Zones, Industrial Zones and Free Zones could include total immunity from Corporate Income Tax, a contribution on employer’s social security share, as well as land allowance
  • Corporate Income Tax has been lowered from 33 % to 20 %
  • Innovation Support Law and R&D
  • Incentives for strategic investment to reduce imports, for large-scale investments and for regional investments

09. LIBERAL AND DEVELOPING INVESTMENT CLIMATE

  • The second biggest reformer among OECD countries in terms of its restrictions on FDI since 1997 (OECD FDI Regulatory Restrictiveness Index 1997-2012)
  • Business-friendly environment with average of 6 days to set up a company, while the average in OECD members is more than 11 days (World Bank Doing Business Report 2014)
  • Highly competitive investment conditions
  • Strong industrial and service providing culture
  • Guarantee of transfers
  • Equate handling for all investors foreign and domestic
  • There are around 36,950 businesses with international capital in 2013 (Ministry of Economy)
  • International mediation

10. CUSTOMS AGREEMENT WITH THE EU SINCE 1996

  • Customs Agreement with the EU since 1996 and Free Trade Agreements (FTA) with 20 countries (Ministry of Economy
  • There are more FTAs in progress
  • New Free Trade Agreement with EFTA which added 15 more countries since April 2015 (EFTA)
  • Intervention on the EU entry of Turkey