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The Best Investment Opportunities in Türkiye 2023

08/02/2024 Investment in Turkey 244 The Best Investment Opportunities in Türkiye 2023

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We have entered the current year, 2023, and we are looking for a fertile environment to distribute our money and keep it in various investments that increase their profits and maintain their value. This is certainly the case for anyone who has begun to build his personal wealth or the wealth of his multiple companies, and investment is always the security of capital, otherwise he will lose. Its value over time if it remains just numbers in banks, and it may certainly diminish with time.

This is why the research is always for Arabs and foreigners residing in countries neighboring Turkey, silently monitoring the investment situation in Turkey , and this is normal after Turkey topped several areas in its economy or exports, real estate investment in it, or tourism and most sectors in general, and from here the idea of ​​research was launched. About the best investment opportunities in Turkey 2023

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  • Damas Turk Real Estate always provides its clients with many investments just by contacting us, and we present that to you based on numbers, analyzes and other matters, so that everything is clear and documented with numbers. In addition to that, we decided to add a dedicated article that talks about the best investment opportunities . In Turkey 2023 , what will we talk about in the article? 
  • First, we will take a general overview of the general conditions in what most sectors in Turkey have achieved over the past year, and then we will move on to talking about the best investment opportunities in Turkey 2023 , by talking about most investments of all kinds, and finally we will talk about the incentives launched by the government. In order to encourage investment in Turkey in general, let us begin our first paragraph then.

What are the investment opportunities in Turkey 2023?

  • Investment opportunities in Turkey, how were they in the past years and how will they be in the current year? This is very important to know where we will put our money? How do we manage it? What profits do we get? This is evident through several main points in any country, where the most important pillars of these countries on which they are based are looked at and from them the success or lack of investment opportunities in Turkey can be determined .
  • Over the past years in general, Turkey has witnessed a revolution and boom in several areas in which it exceeded record numbers, the most prominent of which appeared in defense investment in military industries, this sector related between countries, but what concerns us in terms of the individual and small companies, concerned with the general economy, purchasing power and trade. And others.
  • We have prepared four foundations on which we can rely and know what the investment opportunities will be in Turkey in 2023. These foundations can help us in the current estimation and knowledge of the general situation in Turkey. This matter must be studied and paid attention to carefully and carefully because it helps determine whether the investment is rewarding or weak. .

Firstly, the recovering economy after previous crises 

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  • Corona, and how do you know what Corona did to Turkey and the whole world? It certainly affected the general economy of the entire world, but Turkey, with that crisis, persevered and was patient and remained steadfast in the group of twenty most powerful economies in the world. This in itself is an achievement and the Turkish government bears witness to this in terms of management and organization. . 
  • The economy in Turkey has rebounded terribly last year in several points, the most prominent of which are the gross domestic product and economic growth, which we will mention later. A stable and sound economy always brings money and profits to investors in the sectors in which they invest, because a stable and growing economy is a foundation that must exist. To achieve a profitable and rewarding investment. 

Secondly, the stability of the Turkish lira against the dollar and hard currencies

  • Everyone knows the extent of the damage the Turkish lira has suffered in front of hard currencies, especially in the years 2020 and the beginning of 2021, which has doubled, and this certainly has a bad impact on investments in Turkey, especially if they are in hard currencies, which either do not achieve any profits, or even diminish and lose. unfortunately. 
  • As for the middle of 2021 and up to this day, the number has remained stable throughout those months, even if it has increased slightly compared to the increases that had previously affected, some of which, as we mentioned to you, have doubled. But now, we still see that the dollar against the Turkish lira is equal to 18.90, and it has remained This has been the case since the beginning of 2022. This stability means that investment in Turkey is no longer fraught with risks and is now the case in major countries.

Third, the value of Turkish exports increased to 254 billion dollars

  • The number of countries that import more than one billion dollars annually from Turkey has increased to 47 countries during the year 2022, after the Republic of South Africa, Belarus, Turkmenistan, and the Turkish Northern Cyprus Administration entered the list, after the total number was only 42 countries. If this indicates, it indicates On Turkey's perseverance in improving its trade situation as well.

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  • According to data clarified by Anatolia Agency from the Turkish Exporters Council, the total revenues from Turkish exports amounted to 254 billion 209 million 535 thousand dollars during 2022, achieving an increase of 12.9% compared to 2021, a truly large volume of Turkish exports that had a significant impact on improving the economic situation. And the year in Turkey, which means investing safely in Turkey. 

Fourth, annual economic growth in Türkiye

  • Coinciding with the decline in economic growth rates in many developed and developing countries alike, due to the negative repercussions of the Corona crisis, as well as the Russian war on Ukraine, the Turkish economy was showing positive growth rates during the quarters of 2022, ranging between 7.3% in the first quarter and 3.9%. % in the third quarter, and in general by the end of the year, it reached 5%! 
  • The achievement of this growth was reinforced by the economic policy that aimed to maintain high growth, so that unemployment rates would decrease well, and in addition to that, the monetary policy adopted a unique approach regarding the interest rate, which fell to 9% in November 2022, after it was about 14%. % in January 2022, yes, 5 points are credited to the Turkish government in alleviating this burden that has burdened the Turks for many years. 
  • Economic growth in any country is a factor in the success of investments in it, regardless of the sector or field in general, and this is an incentive in itself for the influx and attraction of foreign investments to Turkey, especially with the Turkish government’s openness to the world, its political stability, and the building of great relations between its people and other peoples. This had a good positive impact on the Turkish economy. 

What are the best investment opportunities in Turkey 2023?

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  • After we learned about the general situation in Turkey last year and its impact on the current year 2023, this means that the signs of investment are definitely good and profitable, and the least of them is stability and enjoying the elements that exist in Turkey and benefiting from them, and that is why we now move to the focus of our article today, which is knowing the best investment opportunities in Turkey . 2023 , let's get to know it. 

Real estate investment in Türkiye 

Real estate investment in Turkey is a long search and is widely talked about in Turkish circles. It is somewhat preferable for those with medium-income foreigners coming to Turkey. This real estate investment is accompanied by great incentives and generous and distinctive benefits for those wishing to invest in it. It has several forms and sections, and here are We will talk briefly about each type of real estate investment in Turkey. 

First: Commercial real estate investment in Türkiye

Commercial real estate investment in Turkey is concerned with immovable real estate that cannot be used for housing, but rather to establish offices and shops, for example. Everything that is commercially licensed on the title deed “Tapu” is certainly included with commercial real estate, and there are approved projects that offer this type of real estate only as well. What are the opportunities and risks for commercial real estate investment in Turkey?

Commercial real estate investment opportunities in Türkiye
  • First: Investment returns compared to residential real estate are high, perhaps exceeding 3%.
  • Second: Lease contracts are long-term and reach 10 years, even for major brands.
  • Third: The commercial property owner is not obligated to pay any tax related to the property in the presence of a commercial tenant.
  • Fourth: The segment of tenants is financially affluent and there are no problems in paying rent on a monthly basis.
  • Fifth: The ease of reselling commercial real estate in light of its distinctive investment returns.
  • Sixth: Commercial investment returns range between 7 to 9% annually, without an increase in the value of the original property.
  • Seventh: An annual increase in real estate in general in Turkey by more than 6% on average.

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Risks of commercial real estate investment in Türkiye 
  • First: some difficulties in finding long-term tenants in light of high rents. 
  • Second: Some difficulties in extracting tenants from commercial properties. 
  • Third: Commercial real estate investment requires higher capital than residential real estate investment and its cost is greater.

Second: Residential real estate investment in Türkiye

Residential real estate investment in Turkey is concerned with immovable properties that can be used for housing and not for establishing offices and shops, such as residential apartments or independent villas for housing as well, that is, everything that is residentially licensed on the title deed “Tabu” is certainly included with residential real estate. What are the advantages? What are the disadvantages of residential real estate investment? 

Residential real estate investment opportunities in Türkiye
  • First: The ease of finding tenants for residential properties at high rents as well.
  • Second: The ease of reselling residential properties.
  • Third: Commercial investment returns range between 6 to 8% annually, without an increase in the value of the original property.
  • Fourth: An annual increase in real estate in general in Turkey by more than 6% on average.
  • Fifth: The costs of purchasing residential real estate are much lower than other types of real estate. 
  • Sixth: The ease of extracting tenants, unlike commercial real estate. 
Risks of residential real estate investment in Türkiye 

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  • First: some difficulties in finding good tenants in terms of maintaining the property as required. 
  • Second: Investment returns compared to investing in commercial real estate are rather low. 

Third: Industrial real estate investment in Türkiye

Industrial real estate investment in Turkey is concerned with immovable real estate that can be used for factories and laboratories, such as buying land and building factories on it and then selling it to some major companies that need large areas of large real estate. Here we note that the Turkish government has issued some incentives to encourage industrial investment in general. In Turkey, such as tax exemption and others. 

These properties are usually licensed with either a blue taboo (land of all kinds), or a red taboo (land title) under commercial real estate, for example, oil stations, rest stops on highways, etc., and even major factories. These are huge and certainly rewarding investments, but they have numbers that require capital. big.

Industrial real estate investment opportunities in Türkiye
  • First: Investment returns compared to residential and commercial real estate are high, perhaps exceeding 2%.
  • Second: Lease contracts are certainly long-term and reach 10 years, even for large factories.
  • Third: The commercial property owner is not obligated to pay any tax related to the property in the presence of a commercial tenant.
  • Fourth: The segment of tenants is financially affluent and there are no problems in paying rent on a monthly basis.
  • Fifth: Commercial investment returns range between 5 to 7% annually, without increasing the value of the original property.
  • Sixth: An annual increase in real estate in general in Turkey by more than 6% on average.

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Risks of industrial real estate investment in Türkiye 
  • First: some difficulties in finding long-term tenants in light of high rents. 
  • Second: Some difficulties in extracting tenants from industrial properties. 
  • Third: Commercial real estate investment requires higher capital than residential and commercial real estate investment.
  • Fourth: Some difficulties in selling, especially since the capital is higher than other investments.

Fourth: Agricultural real estate investment in Türkiye

Agricultural real estate investment in Turkey is concerned with purchasing land and working on its cultivation, within the framework of the most famous crops in Turkey that depend on their export to importing countries. This investment is huge and large, and needs follow-up and development, but it is definitely a profitable investment.

 Turkey is known as one of the leading countries in the field of agriculture and food, in light of its geographical conditions, favorable climate, vast agricultural lands and abundance of water resources. It is also characterized by a strong agricultural and food industry, employing about 18% of the country’s working population in 2020 and representing 6.6% of the country’s workforce. Turkey's GDP.

Agricultural real estate investment opportunities in Türkiye
  • First: Investment returns are high, but they cannot be determined by a fixed percentage, because they depend on the crop and climate conditions.
  • Second: These lands can be rented and high returns can be obtained “land guarantee”.
  • Third: Capital does not require a lot of money, especially since agricultural land is cheap in Turkey. 

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Risks of agricultural real estate investment in Türkiye 
  • First: some difficulties in follow-up and research if the desire is to invest personally. 
  • Second: Some difficulties in the event of any change in the climate and conditions related to ensuring the preservation of the crop 
  • Third: Some difficulties in selling agricultural land, due to its presence and distance from city centers.
Fifth: Investing in renovation and real estate development in Türkiye

Investing in real estate renovation is one of the investments that brings distinctive investment returns for a short period. For example, buying a property in Turkey that is in a somewhat bad condition and needs maintenance, decoration, and furnishing again. The investor renovates this property from scratch until the last finishing touch.

After that, the investor sells the property, and here the value of the expenses is usually added with a percentage that may reach 25% of the property price, in addition to the market value of the property. This is one of the investments that requires careful follow-up and research for opportunities and entry into the depth of the Turkish real estate market. Contact us to invest. You get more than one property this way.  

As for investing in real estate development, it is another world from the world of real estate investment in Turkey, and it requires large capital and deep experience in the Turkish real estate market. This investment, for example, is made in purchasing lands and constructing villas on them, or purchasing lands in vital areas and constructing residential buildings in them.

In fact, this investment is very profitable, but it requires great precision, care, follow-up, and great experience from the people of the Turkish construction market. Choosing the site, creating the projects, and then selling them certainly requires a staff or construction company whose specialty is this particular investment. We tell you this if you read this investment and you are able. Therefore, you have come to the right place with Damas Turk Real Estate. Contact us through the available numbers, and follow up with us on the opportunities and risks in these investments.  

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Opportunities in renovation and real estate development in Türkiye
  • First: Investment returns are high and cannot be determined by a fixed percentage, as they may reach double.
  • Second: The ease of obtaining opportunities in this field, especially since many of the buildings are old in Turkey.
  • Third: Construction or maintenance costs do not require a lot of money in Turkey, depending on the type of renovation, of course.
  • Fourth: A profitable business that can be adopted as an official source of income as a fixed investment.
  • Fifth: There is no need for follow-up and exhaustion. There are companies specialized in all these works and what emerges from them.  
Risks in real estate renovation and development in Türkiye 
  • First: some difficulties in follow-up and research if the desire is investment, maintenance, etc. on a personal basis. 
  • Second: There must be experience in these businesses, otherwise the chances of profit will be very few, and they may even be minimal!
  • Third: If real estate development and construction is the goal, we need large capital.

Secondly, investment via bank deposit in Türkiye  

  • Recently, in 2018, the Presidency of the Turkish Republic issued a circular containing amendments to the naturalization law for foreigners in Turkey. This circular contains facilities and incentives, the most important of which is obtaining Turkish citizenship by investing in Turkish banks through deposits worth 500 thousand US dollars.

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  • Of course, this investment in this law today is considered one of the important investments in Turkey, especially as it entitles its owner, along with his wife and children under 18 months, to obtain Turkish citizenship within a maximum period of 90 days! Of course, provided that the amount is not withdrawn before three years and can be used for bank investments. This brings us to the second part, which is learning about the conditions for obtaining Turkish citizenship through a bank deposit.

Investment opportunities via bank deposit in Türkiye

  • First: Obtaining Turkish citizenship for the investment owner and his children under the age of eighteen.
  • Second: Obtaining monthly profits from the bank through monthly Murabaha at rates of up to 9% annually.
  • Third: The deposit program protected by the Central Bank so that it maintains the value when received after the end of the period.
  • Fourth: An investment that is not risky or risky, etc.  

Risks of investing via bank deposit in Türkiye 

  • First: Seizing funds for a period of three years. This is not dangerous, but freezing is a condition and you must know that. 
  • Second: The capital is high and may not be compatible with the average foreign segments in Turkey.

Third: Commercial investment in Türkiye  

Commercial investment in Turkey is broad in scope and is not limited to just one business, including importing products to Turkey and exporting goods from Turkey, especially with the presence of a huge Turkish market with multiple products, most notably Turkish clothing, sewing and embroidery tools, as well as fabrics and other goods.

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Agricultural and food products have a large share of exports in Turkey. Industrial machinery and electric cars are a new door that Turkey has opened to the whole world. Military industries and others. Any foreign investor who wants to expand his business also comes to Turkey and displays his products due to the large consumption there.

All of these types of trade require establishing a company in Turkey to conduct and facilitate business, whether import, export, shipping operations, distributing products in Turkey, or establishing factories to manufacture products, etc. How do I establish a company in Turkey? Damas Turk helps you with this through the following steps:

  • First: Establishing a limited liability company, which is most suitable for business 
  • Second: Obtaining a tax number through the General Tax Administration platform
  • Third: Having a valid passport with translation and attestation by a notary 
  • Fourth: The value of the capital is not less than one hundred thousand Turkish liras 
  • Fifth: 25% of the capital must be deposited in Turkish banks 
  • Sixth: 4 biometric personal photos taken during the last six months 
  • After preparing the necessary papers and establishing the company contract through a chartered accountant who carries out all work through the agency, any investor can practice trade in Turkey and obtain a work permit that entitles him to acquire Turkish citizenship after renewing it for five consecutive years and not leaving for more than 180 days outside the borders of Turkey!

What incentives does the Turkish government offer to investors in 2023? 

In fact, the topic of incentives is a very complex matter and requires a specialized article on this. We have previously included some articles about investment programs in Turkey, but the most important of them must be mentioned here in order to know what incentives the Turkish government offers us to use in the field of our investments and money. Let’s find out. On the most prominent points together, there are four main programs for investment incentives in Turkey, which are:

First: Public investment incentive programs 

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The Public Investment Incentives Program, by which we mean the total support provided by the Turkish government to any investment that foreigners seek to establish, is designated for public investments within the borders of the Turkish state. The Public Investment Incentives Program includes two basic points, which we find in all types of investments, regardless of their field. 

  • First: Value Added Tax Exemption KATMA DEĞER VERGİSİ.
  • Second: Exemption from customs duties GÜMRÜK VERGİSİ.

Second: Regional investment incentive programs “by region”

From the name of the program, it is clear to us what is meant by it, as the government here enacts incentives and laws based on the needs of each region and not in the general form as we mentioned in the previous paragraph, and it is determined based on the economic growth and capabilities of each region and is based on several basic points in order to help the investment in question. On Turkish territory:

  • First: Value Added Tax Exemption KATMA DEĞER VERGİSİ.
  • Second: Exemption from customs duties GÜMRÜK VERGİSİ.
  • Third: Reducing taxes on public companies (Kurumlar Vergisi Indirim).
  • Fourth: Supporting interest rates Faiz Oranı Desteği.
  • Fifth: Social Security Support for the Investor Sosyal Sigortalar Prim Desteği İşveren Payı.
  • Sixth: Supporting the allocation of Arazi Tahsis lands.
  • Seventh: Social security support for employees (Sosyal Sigortalar Prim Desteği Çalışan Payı).
  • Eighth: Supporting income tax deduction Gelir Vergisi Stopajı Desteği.

Based on these points, we see that most of what we mentioned is compatible with all types of investments that we mentioned earlier in the previous paragraph, in terms of support for land allocation, for example, or exemption from customs duties, exemption from added value for real estate investment, and so on, and we will explain this to you in order to make it easier. You must understand and obtain information.

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Third: Strategic Investment Incentive Programs “Local Manufacturing”

These programs are very important for those who move their business to Turkey and start their investments there, as strategic investment incentive programs are provided to investments that aim to locally manufacture goods that are mainly imported and reduce imports of these goods and include the following basic points: 

  • First: Value Added Tax Exemption KATMA DEĞER VERGİSİ.
  • Second: Exemption from customs duties GÜMRÜK VERGİSİ.
  • Third: Reducing taxes on public companies (Kurumlar Vergisi Indirim).
  • Fourth: Supporting interest rates Faiz Oranı Desteği.
  • Fifth: Supporting KDV İadesi value-added recovery.
  • Sixth: Exemption from value added tax (KDV İstisnası).
  • Seventh: Supporting the allocation of Arazi Tahsis lands.
  • Eighth: Supporting the allocation of Arazi Tahsis lands.

You would like to move your business to Turkey and start a safe investment based on the criteria that we talked about at the beginning of the article. These incentives will help you directly, and are concerned with establishing investments and relying on Turkey completely. Distinctive opportunities offered by the Turkish government. Take the initiative to contact us and seize these opportunities. .

Fourth: Investment incentive programs relative to the quality of the project and investment

 This is the latest program offered by the Turkish government, and as stated in the title, it depends on the project and the investment offered by its owner. Investment incentive programs in Turkey , based on the quality of the project, provide many important incentives and points, and we have listed them for you as shown below:

  • First: Value Added Tax Exemption KATMA DEĞER VERGİSİ.
  • Second: Exemption from customs duties GÜMRÜK VERGİSİ.
  • Third: Reducing taxes on public companies (Kurumlar Vergisi Indirim).
  • Fourth: Supporting interest rates Faiz Oranı Desteği.
  • Fifth: Supporting KDV İadesi value-added recovery.
  • Sixth: Exemption from value added tax (KDV İstisnası).
  • Seventh: Supporting the allocation of Arazi Tahsis lands.
  • Eighth: Supporting the allocation of Arazi Tahsis lands.
  • Ninth: Liquidity and financing support.
  • Tenth: Support qualified employees Eğitim Desteği.
  • Eleventh: Energy Support Enerji Desteği
  • Twelfth: Supporting capital contribution Sermaye Katkısı.
  • Thirteenth: Alım Garantisi Purchases Guarantee.
  • Fourteenth: Infrastructure support Altyapı Desteği.
  • Fifteenth: Facilities for licensing permits.

This was the last program that clarifies the facilities provided by the Turkish government to foreign investors. This information is completely official and explained by the Turkish government, which takes care of investors in particular. With the end of this paragraph, we will have completed the task in this article, and clarified the best investment opportunities in Turkey 2023. We learned about the important incentives, and what the investment opportunities are like this year. 

Investing in Turkey is certainly a successful, safe and profitable investment, which benefits the capital on the one hand and the investor on the other. Are you seeking this as well? Or rather, we will tell you what are you waiting for now? Most investors have already done this before you, and you are still watching and analyzing from afar. Take the initiative now to obtain real investment opportunities with rewarding investment returns.. 

Damas Turk Real Estate Company has many investment opportunities in several areas mentioned in the article here. Do you want to benefit from them? All you have to do is click here to communicate with the most important consultants in the company. It provides you with complete economic feasibility with a definitely profitable investment, and documented with numbers and analyses.. Contact us and do not hesitate. 

Edited by Damas Turk Real Estate©

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