There are many reasons why foreign nationals living in Turkey want to live in Turkey. Turkey is one of the countries where foreign nationals prefer to live and invest due to its natural, historical and cultural richness as well as its geopolitical position. Turkey is an attractive country for foreign investors with its advanced transportation facilities, newly built bridges, airports, trade, advanced tourism, congress tourism and entertainment life. Now, let us give a detailed explanation to the question of why invest in Turkey.
Strategic Geographic Features
Turkey acts as a bridge between East-West and North-South axis due to its geographical location on two continents. This feature gives Turkey a logistical and humanistic advantage, making it a powerful and cost-effective hub for key markets.
This is a geographical advantage. It offers fast access to a population of 1.5 billion and a market of over US$20 trillion, including Europe, the Middle East and North Africa region and Central Asia. In addition to the sea on three sides of the country, constantly improving rail and road connections, Turkish Airlines' flights to 122 countries and 255 destinations, passenger and cargo transportation systems fully support the efficiency of trade. Let us now detail the answer to the question of why invest in Turkey in terms of workforce.
Efficient and Skilled Workforce
Turkey ranks high among its competitors due to its well-educated and competitive workforce. As of 2021, approximately 1 million students graduate from over 200 universities each year. If we look at the European Union countries, Turkey has the highest labour force growth and labour productivity is increasing day by day.
Comprehensive Incentive Programs
Turkey offers extremely comprehensive investment incentive programs for those who want to invest from scratch and those who want to commission their projects to expand their investments, where they can gain cost advantages with low taxes. Hundreds of the world's leading companies in the automotive, energy and retail sectors can benefit from competitive R&D incentives in the country. However, companies located in free zones in many regions of Turkey can be exempted from many taxes. This constitutes an attractive reason for the question of why invest in Turkey.
Liberal and Innovative Investment Environment
Turkey's investment law, which complies with international standards, encourages foreign direct investment and protects the rights of investors. All investors are offered the same investment environment with different laws and practices. Although FDI decreased in 2020 due to the COVID-19 pandemic, if we look at the data of the last 18 years, the number of companies with international capital has increased by about 15 times in Turkey and Istanbul has become a major attraction center for foreign investors. This provided an almost evidential answer to the question of why one should invest in Turkey, as another effective reason.