Turkey investment Opportunities:
Turkey has a huge potential for investment and business opportunities. If you are thinking about the right place for investment than you should consider Turkey for sure as this is the ideal spot for great investment prospects.
The Turkish economy is ranked as the 13th largest economy in the world and 5th largest as compared to the European Union in 2016. Turkey attracts about 15 billion USD as foreign investment annually. This country has quite stable economic growth with a rate of 5.6% between 2002 and 2016. Turkey is among one of the largest exporters of textiles. It is also one of the top producers of agricultural products, transportation, chemicals, and food, consumer, and home appliances.
Turkey offers high tax benefits and incentives. The environment is business-friendly and it takes on average of 4 days to 6 days to set up a company. Turkey also has a well-developed human resource. There are more than 800,000 university graduates in Turkey.
The strategic ad central location of Turkey makes it an ideal destination for business and investment endeavors. It is an important gateway that connects East and West with access to global markets generating up to 2.5 trillion USD in GDP.
Turkey is also close to 70% of the world’s natural energy resources. This country has a continuing customs and free trade agreement with 21 countries and ongoing negotiations regarding the participation of the European Union. The tourism industry is also thriving in Turkey with over 38 million in revenue generation.
Turkey is in the list of G-20 countries and it is the world’s fastest-growing economy. Turkish passport is the 30th best passport in the world. Its passport and citizenship are usually delivered within 30 working days. A Turkish passport can give you visa-free access to 111 countries including all 26 Schengen countries. It is the 7th best country for international workers. There is no minimum residency required for obtaining a second passport. There is also no obligation of declaring the origin of the investor’s fund. Situated at the cusp of Asia and Europe, the second passport of Turkey can give you easy access to both market regions.
Second passport track
You can obtain a second passport in Turkey in the following ways:
- Real-estate investment of $250,000.
- Starting up or acquiring a company worth $500,000 in the capital.
- Depositing $500,000 in state investment or state bank and not withdrawing it for 3 years.
- Creating jobs for 50 local people
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