In this article, we will discuss investing in Turkey and the key details that any investor would like to know, starting with why Turkey is chosen for investment, the available types of investments, the best among them, as well as the advantages of each type of investment.
Turkey is classified among the best investment areas worldwide, especially in the real estate sector, where it has managed to attract many investors from various parts of the world to invest in real estate there. However, after the development and prosperity witnessed by Turkey, in addition to the advantages it offers to foreign investors, investors have turned to invest in other sectors in Turkey, such as industrial, agricultural, tourism, and others.
Turkey is a fertile environment for investment, as there are many advantages that make it one of the best investment areas globally, including:
Turkey is characterized by the diversity of investments it offers, with some of the most well-known investments in Turkey being:
One of the best types of investments in Turkey, Turkey has managed to rank among the top 20 countries for real estate investment.
This type of investment involves purchasing properties and selling them after a period of time, benefiting from the increase in property prices, or renting them out to generate continuous returns.
Real estate investment is categorized into several types, including:
● Investment in residential properties: This includes residential properties such as apartments and villas, characterized by low risk, relying on purchasing residential units and obtaining returns from them either by selling or renting them out.
● Investment in commercial properties: These are properties designated for commerce, where profits are made either by selling them after an increase in their price or by renting them out.
● Investment through real estate development: This type of investment relies on purchasing properties that are still under construction and making profits by selling them at a higher price after the project is completed.
Real estate investment in Turkey enjoys many advantages, including:
● High investment returns, whether through rent or sale, due to Turkey's development, increasing population, and tourism, leading to higher property prices.
● Real estate investment in Turkey is characterized by safety and very low risk.
● Turkey offers many facilitations for real estate investment, including exemption from property tax.
● Obtaining Turkish residency by purchasing properties in Turkey with the possibility of renewal.
● Obtaining Turkish citizenship after purchasing properties worth more than $400,000 USD.
The industrial sector is one of the most important sectors contributing to Turkey's national income, accounting for 29% of it. Therefore, industrial investment is one of the most important types of investments in Turkey, especially after the development witnessed by Turkey in industries.
This type of investment is considered one of the best types, especially for small investors, as the Turkish government provides many incentives for investment in it, including:
● Strong infrastructure and significant support for industrial investment.
● Exemption from property tax for 5 years.
● Exemption from taxes when purchasing land for industrial investment.
● Reduction in the value of taxes on exports.
● Obtaining residency through industrial investment.
● Obtaining Turkish citizenship when investing $400,000 USD or more.
Due to its geographical location and moderate climate, Turkey is considered one of the best countries for agricultural investment, with agricultural land accounting for approximately 35.5% of its total area.
Therefore, agricultural investment holds an important position in Turkey, distinguished by its ability to produce various types of fruits and its capability to export them to Europe due to its strategic geographical location.
Similar to other investment fields, agricultural investment in Turkey has numerous advantages, including:
● Distinctive geographical location, especially as Turkey serves as a bridge between Asia and Europe, enhancing its importance in agricultural investment.
● Agricultural investors benefit from special tax exemptions.
● Investors in the agricultural sector can obtain interest-free loans.
● Obtaining Turkish residency.
Turkey provides a conducive environment for animal husbandry investment, aided by its moderate climate and natural diversity. Additionally, the relatively low cost of animal husbandry necessities helps in achieving greater returns.
Turkey is known for livestock farming, especially sheep breeding, due to its high fertility rate, positioning Turkey ninth globally in meat production.
Animal husbandry investment includes several advantages that encourage investors to venture into this sector, including:
● Complete exemption from customs duties for animal husbandry investors.
● Access to interest-free loans for investors in animal husbandry.
● Tax reductions.
● Strategic geographical location.
● Obtaining Turkish residency.
● Obtaining Turkish citizenship with an investment of at least $500,000 USD.
Also read: Ranking of Turkey's Economy in 2023
In conclusion, in this article, we have provided you with the most important information regarding investment in Turkey, why you should choose Turkey for investing your money, along with its key advantages. Lastly, we have discussed the top 4 investments in Turkey and the benefits of each.
