Seven reasons to invest in Turkiye

Turkiye is where East meets West; antiquity blends harmoniously with modernity, and a rich cultural heritage thrives amidst dynamic economic development. Today, Turkiye is a magnet for global investors. But what makes Turkiye so attractive for investment? We have identified 7 significant drivers fueling success.

A unique geographical location at the crossroads of Europe, Asia, and the Middle East, a climate and two warm coasts that attract tourists from all over the world, a key role in the modern world transport system, economic and infrastructural growth throughout the last two decades – all this makes the country a place of unique opportunities for business, investment, tourism, and life. 

Turkiye’s unique location makes it an ideal hub for international business. 

Investors can use the country as a springboard to enter other markets. Many international companies base their regional headquarters in Istanbul, allowing them to efficiently manage operations across several countries simultaneously.

This also creates additional investment and growth opportunities in other areas, such as logistics, transport, and trade.

Cultural and historical heritage

The country’s Aegean and Mediterranean coasts are part of a region where several ancient civilizations originated. Architectural monuments and ancient ruins allow you to immerse yourself in the atmosphere of crucial events in history.

The world converges in Turkiye. It is the crossroads of diversity: peoples, their cultures, and customs. Magnificent Turkish cuisine, infused with the flavors of the Orient, is considered a significant part of the Republic’s cultural heritage. The coalescence of history, tradition, Turkish hospitality, and friendliness creates a unique atmosphere of acceptance and respect, which makes life and communication comfortable.

Turkiye’s rich cultural heritage creates robust investment potential in the tourism sector. Investors can invest in the restoration of historical sites, the creation of themed hotels, or the development of cultural tourism.

Turkiye’s tourism sector has a thriving niche for authentic experiences and accommodations. Converting a historic mansion into a boutique hotel in the historical districts of Istanbul or Antalya can generate significant profits and a sustainable business model.

High standard of living

Turkiye has evolved over the past decade. The state has been actively modernizing: cities, bridges, highways, airports, and other infrastructure have been built. Medicine, education, and science are world-class and are already staples of the global community.

Today, the world’s most important multinationals, brands, and institutions are opening offices, schools, medical centers, and IT companies here. 

The popularity of Turkish medicine among foreigners is growing. In recent years, Istanbul has become one of the world’s most popular destinations for medical tourism – quality plastic surgery, hair transplants, and dentistry among the most popular.

Turkish universities consistently rank high worldwide; public schools offer programs in foreign languages catering to expat families with children. 

The construction sector is developing rapidly. Modern residential complexes are being built in every major city, offering infrastructure comparable to five-star hotels. 

Luxury championship golf clubs, state-of-the-art yacht marinas, and Michelin-starred restaurants are an integral part of Turkiye.

Turkiye’s high quality of life creates opportunities for investment in various spheres. The development of medical tourism opens up prospects for investment in private clinics and rehabilitation centers. The growing demand for quality education makes entrepreneurship in this space attractive. The construction of exclusive residency communities with high-class infrastructure is also becoming a profitable area for investment – property rental is in steady demand.

Tourism potential

Turkiye has access to four seas: the Mediterranean Sea, the Black Sea, the Aegean Sea, and the Marmara Sea. Each is famous for its unique features, beaches, and resorts.

The Mediterranean has a long holiday season (from April to the end of October), the warmest water, and near year-round sun.

The Marmara Sea attracts diving enthusiasts with unparalleled coral reefs and water clarity. 

The Black Sea coast impresses with its natural landscapes: lush greenery alternates with wild mountain gorges. Summers are mild; winters are comfortably cool and snowy. 

The Aegean Sea, which separates Turkiye from Greece, is known for its picturesque bays and mountain panoramas of the slopes of the Central Taurus. The coastal breezes are saturated with the healing aromas of coniferous forests and sea salt.

The diversity of Turkiye’s tourism sector creates a wide range of investment opportunities. Investments can be made in the development of holiday resorts, yacht marinas, golf clubs, or the burgeoning eco-tourism space.

Investments in constructing all-season resorts on the Black Sea coast could attract a new segment of tourists looking for an alternative to traditional beach holidays.

Visa-free entry and transport accessibility

Turkiye allows visa-free entry for tourists from many countries, and getting to Turkiye is easy – Turkish Airlines is constantly expanding its list of available destinations. 

A well-developed and quality transport network and extensive international airports make traveling domestically or internationally quick and comfortable. 

Turkiye’s developed logistics infrastructure makes it easy to build supply chains and do business in international markets.

Ease of entry and a well-developed transport network make Turkiye attractive for international business and property investments – visiting and managing properties is stress-free and contributes to the growing demand for property by foreigners, creating opportunities in residential construction, property management, and rental markets.

Need to secure Turkish residency? Residence Permit in Turkiye in 2024 is our guide to the process and how to get started.

Ease of adaptation

The vast number of foreigners makes it easy for global expats to call Turkiye home. Many institutions and companies offer services in foreign languages, facilitating communication and business relations.

The websites of most public institutions (immigration, court, and gendarmerie) and large private companies (telecom, banks, etc.) are multilingual.

Most countries maintain consulates and embassies in every major Turkish city. 

A comfortable environment for expats reduces risks for international investors – especially important for those who plan to invest and relocate to Turkiye. Investments in the service sector for expats can be particularly promising.

Opportunities for businesses and investors 

Amid geopolitical tensions, Turkiye has become a strategic destination for relocation, Plan B lifestyle security, and backup banking separate from other jurisdictions.

Istanbul has firmly established itself as one of the world’s largest financial hubs. These factors, combined with new laws improving the use of cryptocurrency, make Turkiye a haven for capital and investors.

Turkiye represents a unique combination of opportunities for investors, entrepreneurs, and those looking for a new place to live. Its strategic location, rich cultural heritage, and robust economic development create a favorable ground for various investments and investors.  

By investing in Turkiye, you gain access to a dynamic market and become part of a community with a rich history and a promising future. 

Whether you are interested in seaside property, a promising business project, or simply a secure investment, Turkiye has a solution to meet every goal and expectation. 

FAQ about Turkey

1. What are the main benefits of relocating to Turkey?
   Turkey offers a favorable climate, rich culture, affordable cost of living, and excellent investment opportunities.
2. How can I invest in real estate in Turkey?
   You can invest in various types of properties, including residential, commercial, and vacation homes. It’s important to research the market and work with reputable real estate agents.
3. What is the process for obtaining Turkish citizenship through investment?
   The process involves investing a minimum amount in real estate or other approved sectors and fulfilling specific residency requirements. Consult with legal experts for detailed guidance.
4. What economic benefits does Turkey offer to foreign investors?
   Turkey’s economy is growing, and the government offers various incentives and tax advantages to attract foreign investors.
5. Are there any tax advantages for foreigners investing in Turkey?
   Yes, Turkey offers several tax benefits for foreign investors, including exemptions and reductions on property taxes.
6. Which regions in Turkey are most popular for real estate investment?
   Popular regions include Istanbul, Antalya, and Bodrum, known for their vibrant real estate markets and high demand.
7. How stable is the Turkish economy for long-term investments?
   Turkey has shown consistent economic growth and has policies in place to support and stabilize the economy, making it a promising destination for long-term investments.
8. What legal aspects should I consider when buying property in Turkey?
   Ensure the property has clear title deeds, understand local property laws, and work with a legal advisor to navigate the buying process.
9. What lifestyle benefits does Turkey offer to expatriates?
   Expatriates enjoy a high quality of life with access to excellent healthcare, education, and a rich cultural experience in Turkey.
10. How can I get started with relocating to Turkey?
    Start by researching the regions, consulting with real estate agents, and understanding the legal and financial requirements. Contact us for personalized assistance.
11. What types of properties are available for purchase in Turkey?
    Properties available include residential homes, vacation properties, commercial real estate, and investment properties.
12. Can I finance my property purchase in Turkey through a mortgage?
    Yes, there are mortgage options available for foreign buyers, and the article includes detailed information on how to obtain financing.
13. What additional costs should I be aware of when buying property in Turkey?
    Additional costs can include legal fees, property transfer fees, taxes, and maintenance costs.
14. How do I ensure the property I am buying is legally clear?
    It is important to conduct a thorough legal check through a qualified lawyer to ensure the property is free of any legal issues or encumbrances.
15. What should I consider when choosing a real estate agent in Turkey?
    Look for experienced and reputable agents with good reviews and a deep understanding of the local market.
16. How long does the property purchase process usually take in Turkey?
    The timeline can vary, but it generally takes a few months from initial research to finalizing the purchase and transfer of ownership.
17. Can I buy property in Turkey as an investment for citizenship or residency purposes?
    Yes, Turkey offers investment programs that allow buyers to obtain residency or citizenship through property investment. The guide includes detailed information on these programs.
18. What are the most popular locations for buying property in Turkey?
    Popular locations include cities like Istanbul, Antalya, Bodrum, and Fethiye, each offering unique advantages for buyers.
19. How can I manage my property in Turkey if I live abroad?
    You can hire property management services to handle day-to-day operations, maintenance, and renting out the property.
20. Is it possible to rent out my property in Turkey?
    Yes, renting out property is a common practice in Turkey, and the guide includes tips on how to effectively rent out your property.