Starting a Business in Turkey: Unveiling The Best Opportunities and Its Most Potent Aspects | The Most Powerful Sides
It is possible for people with the idea of starting a business in Turkey to benefit from Turkey's geopolitical position. This is because Turkey has acted as a bridge for the European and Asian continents. Therefore, operating commercial activities in Turkey has become a favorite of entrepreneurs.
In this article, we will talk about the advantages of Turkey's strategic location in terms of starting a business in Turkey.
Access to Emerging Markets: Connecting with Asia, Africa, and the Middle East for Starting a Business in Turkey
The country's strategic location is among the top criteria among the advantages of setting up a business in Turkey. The importance of this location is due to the trade routes connecting the Asian and European continents. For example, the Bosphorus is one of the most important transit points for commercial ships from Europe or Asia.
Therefore, opening up a business in Turkey is quite advantageous due to the country's geopolitical location.
Regions Where Turkey Acts as a Bridge
Asia Minor; Hellespont (Dardanelles, Canakkale)
Middle East; Bosphorus (Istanbul)
European and African States; Other Coastlines with High Hinterlands (Izmir, Antalya etc.)
Trade Agreements and Free Trade Zones: Facilitating Cross-Border Business
The number of countries that have free trade agreements with Turkey is quite high. In this way, import or export agreements are made with many European and Asian countries through Turkey. As we have already mentioned in the previous title, Turkey's geopolitical location is also advantageous in terms of free trade agreements.
Entrepreneurs who have the idea of starting a business in Turkey can also make commercial agreements with Turkey's border neighbors. In addition, people who want to do business can also develop commercial relations with the Middle East, Central Asia and Balkan countries.
The main countries with which Turkey has a free trade agreement are:
Albania
United Kingdom
Bosnia and Herzegovina
South Korea
Montenegro
Kosovo
Macedonia
Malaysia
Serbia
Singapore
Chile
Tunisia
Turkey has long-term commercial agreements with the countries mentioned above. Many businesses can make import and export agreements with these countries thanks to these agreements.
As Atlas Legal Partners, we provide you with the necessary support within the scope of international trade law. You can always contact us to benefit from Turkey's commercial advantages and get the necessary legal support on the subject.
Logistics and Transportation Hub: Efficient Connections for Global Operations
Another advantage of starting a business in Turkey is Turkey's logistics and transportation opportunities. As you know, Turkey is a country located on many commercial routes. Therefore, it will be possible to expand your business globally by using these routes while doing business in this country.
If you are starting a business in Turkey as a foreigner, you can benefit from the logistics advantages that Turkey will offer you. For example, you can have the opportunity to expand your business in a short time by establishing a startup in Turkey. When you start as a startup, you can make international commercial agreements in a short time.
Growing Tourism Industry: Capitalizing on Increased Tourist Arrivals
Starting a business in Turkey may also mean benefiting from the tourism industry that is developing day by day. In terms of tourism, Turkey ranks first, leaving many countries behind. This is because there are four seasons in the country and both summer and winter tourism are developed. Therefore, many foreign tourists come to Turkey in winter and summer.
If you have the idea of starting a business in Turkey, you can benefit from the country's tourism industry. Depending on the sector your company is affiliated with, you can also serve tourists from many different countries. Thus, you can make your brand or company global in a short time.
Skilled Workforce and Talent Pool: Finding the Right Employees for Starting a Business in Turkey
When making a choice among starting business in Turkey ideas, you may need to consider the employee potential in the country. For example, when taking advantage of an opportunity such as LLC Turkey, you are expected to hire more employees to expand your company. When it comes to situations like this, taking the right steps is very important. At this point, it is possible to benefit from the qualified employee support that Turkey will offer you.
Frequently Asked Questions About Starting a Business in Turkey and Turkey’s Strategic Position
We have shared with you the details you may be wondering about starting a business in Turkey. We also explained how the importance of Turkey's location provides benefits in commercial situations. In addition to these, we would like to answer other frequently asked questions related to the subject.
Can I Start a Small Business in Turkey?
Setting up a business in Turkey will have many advantages for you. Especially by opening a small business in Turkey, you can benefit from the country's strategic location and expand your business.
What are the Most Popular Ideas for Starting a Business in Turkey?
You can start a business in Turkey in tourism, architecture, construction, e-commerce or design. In addition, you can develop business ideas in the education or health sectors.
How Much Is Business Tax in Turkey?
The tax amount that companies must pay in Turkey is generally 25%. However, this rate may vary depending on the status of the company.