One of Turkey’s leading e-commerce platforms, HepsiBurada became the first Turkish company to be listed on the NASDAQ stock market in the US. With this IPO, HepsiBurada reached a valuation of $3.9 billion. The company, which was offered to the public with a pricing of $12 per share, increased its share prices by 12% from […]
Dream Games, Turkey’s leading mobile gaming company, becomes Turkey’s new unicorn by reaching a $1 billion valuation. Founded in 2019, Dream Games became Turkey’s fourth unicorn company after Peak Games, Trendyol, and Getir. The company received a $155 million investment in the Series B investment round. The investment round was co-led by Index Ventures and […]
According to the exports report published by the Turkish Ministry of Trade, Turkey’s export has been reached an all-time high $105 billion with the 40% of the rise in the first half of 2021. Also, exports in June increased by 47% compared to the same month of the previous year and reached $19.8 billion. It […]
Foreigners choose to invest in overseas real estate more and more in recent years, and the number of investors escalates accordingly. While deciding where to buy property, several points need to be considered. Your budget plays a prominent role, while the economic outlook of the country you want to buy a property and the benefits […]
According to the data of the Turkish Statistical Institute (TurkStat), Turkey’s economy has shown a growth rate of 7% in the first quarter of 2021. Unlike most economies struggling with the effects of Covid-19, Turkey’s economy grew at a larger than expected in the first quarter, outperforming the 6.7% forecast. Compared with other countries, Turkey’s […]
Regulations regarding the business setup process in a foreign country may differ from your own country, and whether starting a small or big business, it is not an easy process. Before this process, researching the business environment in which you want to set up a company should be the first step. As a foreign business […]
One of Turkey’s leading e-commerce company Trendyol received a new investment of $350 million from its partner company Alibaba. With this new investment, Trendyol increases its valuation to $9.35 billion and becomes the most valuable company in Turkey. With 86.50% of the company’s shares, Alibaba is the largest shareholder of Trendyol, which sold 347 million […]
With its unique part in the history of the world civilizations, Turkey has a rich culture and important role in the global economy, agriculture, and trade. There are many interesting facts about Turkey that are still not commonly known. Turkish economy was one of the few economies which grew despite the pandemic in 2020 Covid-19 […]
According to the latest issue of the Official Gazette, the corporate tax rate, which is currently applied as 20% in Turkey, will be increased to 25% for 2021 and 23% for 2022 for corporate incomes. The new tax rate will be in effect starting from April 22, 2021. It will apply to the whole of […]
Foreigners who work or reside or want to start a business in Turkey need to open a bank account to carry out their financial processes. Whether living in Turkey or any other country, anyone can open a bank account in Turkish banks. Although the bank account opening process may differ from one Turkish bank to […]
