10 REASONS TO INVEST IN TURKEY!

10 REASONS TO INVEST IN TURKEY!

1. SUCCESSFUL ECONOMY
• Booming economy; more than tripling its GDP, reaching USD 720 billion in 2015, up from USD 231 billion in 2002 (TurkStat)
• Stable economic growth with an average annual real GDP growth rate of 4.7 percent be tween 2002 and 2015 (TurkStat)
• Promising economy with a bright future as it is expected to become one of the fastest growing economies among the OECD members during 2016-2017 with an average annual real GDP growth rate of 3.8 percent (OECD, June 2016)

2. POPULATION
• A population of 78.7 million (2015, TurkStat)
• Half the population under the age of 31 (2015, TurkStat)
• Young, dynamic, well-educated and multi-cultural population

3. QUALIFIED AND COMPETITIVE LABOR FORCE
• Over 29.7 million young, well-educated and motivated professionals (2015, TurkStat)
• Increasing labor productivity
• Approximately 733,000 students graduate annually from over 193 universities (2015, CoHE) and More than 950,000 high school graduates (2015, Ministry of National Education)

4. LIBERAL AND REFORMIST INVESTMENT CLIMATE
• The 2nd biggest reformer among OECD countries in terms of its restrictions on FDI since 1997 (OECD FDI Regulatory Restrictiveness Index 1997-2015)
• Business-friendly environment with an average of 7.5 days to set up a company, while the average in OECD members is more than 15 days (World Bank Doing Business Report 2016)
• Highly competitive investment conditions and equal treatment for all investors

5. INFRASTRUCTURE
• New and highly-developed technological infrastructure in transportation, telecommunications and energy
• Railway transport advantage to Central and Eastern Europe • Well-established transportation routes and direct delivery mechanism to most of the EU countries

6. CENTRALLY LOCATED
• A natural bridge between both East-West and North-South axes, thus creating an efficient and cost-effective outlet to major markets
• Easy access to 1.6 billion customers in Europe, Eurasia, the Middle East and North Africa
• Access to multiple markets worth USD 24 trillion of GDP

7. ENERGY CORRIDOR AND TERMINAL OF EUROPE
• An important energy terminal and corridor in Europe connecting the East and the West
• Located at a close proximity of more than 70 percent of the world’s proven primary energy reserves, while the largest energy consumer, which is Europe, is located right to the west of Turkey, thus making the country a linchpin in energy transit and an energy terminal in the region

8. LOW TAXES & INCENTIVES
• Corporate Income Tax reduced from 33 percent to 20 percent
• Tax benefits and incentives in Technology Development Zones, Industrial Zones and Free Zones, including total or partial exemption from Corporate Income Tax, a grant on employer’s social security share, as well as land allocation and R&D and Innovation Support Law
• Incentives for strategic investments, large-scale investments and regional investments

9. CUSTOMS UNION WITH THE EU SINCE 1996
• Customs Union with the EU since 1996 and Free Trade Agreements (FTA) with 27 countries (Ministry of Economy)
• More FTAs underway • Accession negotiations with the EU

10. LARGE DOMESTIC MARKET
• 48.6 million broadband internet subscribers in 2015, up from 0.1 million in 2002
• 73.6 million mobile phone subscribers in 2015, up from 23 million in 2002 (TurkStat)
• 181 million airline passengers in 2015, up from 33 million in 2002 and 35.6 million international tourist arrivals in 2015, up from 13 million in 2002 (TurkStat)

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Bosphorus International

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