logo

Investing in Turkey for Syrians

March 4, 2024 369

Investing in Turkey for Syrians has witnessed significant growth in recent years. Turkey has become one of the most important destinations for Syrian investors seeking new opportunities. This country serves as an economic bridge between the East and the West, with investment-friendly policies and facilitation for foreign investors. In this article, we will discuss the advantages of investing in Turkey for Syrians, available opportunities in various sectors, as well as the challenges and tips for achieving sustainable success in this promising market. This article is prepared by the editorial team of Skyline Holdings, specializing in investment activities, consultancy, and services. We hope you find it informative.

Overview of Investing in Turkey for Syrians

Investing in Turkey for Syrians has become an attractive and promising option in recent years. Turkey enjoys a strategic location between the European and Asian continents, with a growing economy and a large consumer market for Syrians. Turkey provides diverse opportunities in various sectors, including real estate, hospitality, small and medium-sized industries. Additionally, there are encouraging governmental policies to facilitate investment for foreign investors. This economic attractiveness reflects a positive direction towards sustainable development and enhancing the local economy. In this critical period, investing in Turkey for Syrians presents a real opportunity to build a stable and successful future.

Advantages of Syrian Investment in Turkey

The advantages of Syrian investment in Turkey have made this option increasingly attractive. Here are some key advantages:

  • Turkey's strategic location between the East and the West makes it a key hub for trade and investment, facilitating access to different markets.
  • Turkey's economy exhibits sustainable and continuous growth, offering promising opportunities for investors.
  • Turkey provides investment opportunities in various sectors such as real estate, manufacturing industries, hospitality, and technology, allowing for investment portfolio diversification and risk reduction.
  • The Turkish government adopts encouraging policies to attract foreign investors, including tax incentives and facilitation of establishment and business procedures.
  • Turkey is a meeting point for different cultures, contributing to creating business opportunities and international multidimensional communication.
  • Turkey boasts a large and diverse labor market, allowing companies to access various skilled and specialized skills.
  • Turkey actively invests in infrastructure development, including transportation, communications, and energy, facilitating production and distribution operations.

Types of Investments Available for Syrians in Turkey

Turkey offers Syrians a wide range of investment types, enabling them to diversify their investment portfolios. Here are some available investment types:

  • Real Estate: Syrians can purchase residential or commercial properties through establishing a company in Turkey rather than direct ownership, and they can lease or sell them to achieve good investment returns.
  • Manufacturing Industries: Syrian investors can consider establishing industrial or manufacturing projects, given the availability of skilled labor and technology.
  • Hospitality and Tourism: Turkey attracts millions of tourists annually, making it an ideal market for investment in hotels, restaurants, and tourism services.
  • Technology and Innovation: Syrian investors can benefit from Turkey's vibrant technological environment and participate in areas such as modern technologies and innovation.
  • Agriculture and Agro-Industries: Investors can leverage Turkey's fertile soil for crop cultivation or establish industrial projects based on agricultural products.
  • Stock and Securities Investment: Buying and selling stocks and securities in the Turkish financial markets.
  • Education and Training: Syrians can invest in educational or training projects to provide educational services.
  • Touristic Investment: Turkey offers opportunities in tourist investment projects such as resorts and tourist areas.

Conditions for Establishing a Company in Turkey for Syrians

Establishing a company in Turkey for Syrians involves a number of conditions and procedures that must be followed. Here are some essential conditions to guide Syrians interested in investing in Turkey:

Syrian investors must have legal residence in Turkey. Residence can be obtained through direct investment, real estate purchase, or investment in bank accounts.

The minimum required capital for the chosen type of company must be provided. This capital requirement varies depending on the type of company. For example, a limited liability company requires a different minimum capital than a joint-stock company.

Compliance with all required local and national permits and licenses for the specified company activity is mandatory.

Syrian investors must choose the type of company that suits their goals and needs, such as joint-stock company or limited liability company. Some types of companies may require the employment of Turkish citizens in a certain percentage of total employees.

Opening a bank account in a recognized Turkish bank and submitting financial reports regularly is necessary. Compliance with tax reporting requirements and local tax obligations is also mandatory for the company.

Tips for Investing in Turkey for Syrians

Investing in Turkey requires good planning and hard work. By using some tips and guidance, Syrians can access successful investment opportunities in this promising country. Here are some tips and guidance before investing:

1. Before starting any investment, be prepared to research and learn. Read and study carefully about local laws, regulations, and the economic market in Turkey.

2. Consult experienced financial and legal advisors in Turkey to obtain specialized advice and guidance.

3. Clearly define your investment goals and understand the required time frame to achieve them. This will help you make appropriate financial decisions.

4. Avoid putting all your money into one investment. Try to diversify your investment portfolio to reduce potential risks.

5. Look for Turkish areas with advanced infrastructure and economic growth opportunities.

6. Ensure full compliance with local laws, regulations, and taxes, and consult regularly with a lawyer or tax advisor.

Frequently Asked Questions about Investing in Turkey for Syrians

Starting in the investment world always requires a precise understanding of the market and local laws. This applies especially to Syrians looking at Turkey as a promising investment destination. Here are some common questions frequently asked by Syrian investors regarding their investments in Turkey:

How can Syrians invest in Turkey?

  Syrians can invest in Turkey through several ways, such as purchasing real estate, establishing local companies, or investing in various sectors. The matters depend on investment goals and legal requirements, and compliance with local laws and regulations is necessary. 

What is the investment incentives system in Turkey?

   The investment incentives system in Turkey includes a range of facilitations and privileges granted to foreign and local investors to promote investment and economic development. This system includes tax reductions, financial support, exemptions from fees and taxes on properties and profits.

How can Syrians own property in Turkey?

  Syrians can buy properties in Turkey under the condition of obtaining legal residence. Residence can be obtained through direct investment in real estate or conducting business in Turkey. Once obtaining residence, you can purchase properties legally.

What are the challenges facing investors?

   Some challenges facing investors include increasing inflation rates that can reduce the purchasing power of invested funds, choosing the wrong investments leading to financial losses, or changes in tax policies and financial laws that can affect returns.

 

In conclusion, investing in Turkey represents an important and exciting opportunity for Syrians and investors from all over the world alike. Turkey provides a favorable investment environment, a diverse economy, and a distinctive strategic location. With careful planning and utilizing available opportunities, investors can achieve great success in Turkey.