According to World Economic Outlook April 2021 report published by the International Monetary Fund (IMF), Turkey ranks 11th place globally in terms of GDP at PPP in 2020, up from 13th place in the previous year. IMF also revised the Turkish economy’s growth forecast to 6 percent in 2021, up from 5.5 percent. Turkey is […]
Chinese technology company Xiaomi opened a production factory in Istanbul on March 29, 2021, with supply giant Salcomp. According to Anatolian Agency, Xiaomi’s production factory established on a 14,000-square-meter (around 150,700-square-feet) area will employ 2,000 people with the promise of producing five million smartphones per year. Turkey is the fourth country in the world where […]
As a country with its unique geopolitical position, rich culture, young population, and poly-ethnic society, Turkey attracts foreigners all over the world. Turkey has been home to many different cultures over the centuries and influenced by all the traditions of those societies.
Founded in 2015, Getir becomes the second “unicorn” company in Turkey, with its valuation reaching $2.6 billion. Turkish rapid delivery startup Getir raised $300 million funding for its international expansion from Sequoia Capital and Tiger Global.
For foreigners, with its thriving economy despite setbacks, unpenetrated markets, low operating costs, and qualified labor force, Turkey has much to offer. Other than those advantages, it is also possible for investors to obtain Turkish citizenship via their investments in Turkey.
According to the latest HSBC Expat Explorer report, Turkey ranked as the 7th best country in the world for international workers by the expats living in Turkey. The survey explores the opportunities offered by countries in terms of quality of life, work-life balance, financial return, and family life.
Turkey has much to offer for all foreigners who are planning to live in the country. With its infrastructure, the standard of living, the low cost of living, the uncomplicated process of getting work permit or residence permit, currency rate of TL, and advantage of getting Turkish citizenship by investment, living in Turkey is a great idea for all foreign nationals.
Turkey is one of the top markets that receive a significant amount of foreign direct investment from all over the world. Over the last 16 years, Turkey attracted $203 billion in foreign direct investment and 65,341 foreign companies established in the country.
Turkey with a large domestic market and growing economy, qualified and competitive labor force, population and low taxes and incentives offers a liberal and reformist investment climate for foreign investors. Turkey’s largely free-market economy is driven by its industry, service, and agriculture sectors.
Foreign investors have taken a great interest in buying property in Turkey since the country provides many benefits fort hem. Business owners, investors, and developers purchase land or properties to renovate, rent out or use it as holiday accommodation for business.
