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5 Ideal Sectors Where Foreigners Can Invest In Turkey

Now, let’s take a look at the most profitable and good investment areas to invest in Turkey as of 2022.

information and technology

Turkey has started to attach great importance to technology-based research and development in recent years. Today, there are technology centers in many universities in Turkey and it provides great convenience for investors to invest in technology in these areas.

Turkey is a very attractive country especially for those who want to invest in software development, biotechnology, nanotechnology and electronics. Although there are many domestic and foreign companies operating in this field in Turkey, it should be noted that there are still great deficits and great opportunities in this field.

Construction and Real Estate

Construction and real estate sectors are among the most important sectors that keep the Turkish economy alive. Real estate and construction sectors in Turkey are very lively, especially due to the increasing population and urban transformation projects throughout the country. For this reason, we can say that the construction and real estate sectors will be attractive options for investors for a long time.

As of September 2020, 12% of house sales in Turkey were made to foreign investors. This number is expected to increase. In addition, there is no residence permit requirement for foreign investors to purchase real estate in Turkey. Investors who purchase real estate worth at least 400 thousand dollars are also entitled to Turkish citizenship.

Textiles and Ready-to-Wear

It should be admitted that China has a great place in the world textile market. However, Turkey has many advantages such as the quality it offers in the textile and ready-made clothing sector, richness in terms of raw material resources, being able to respond to special demands, flexibility, geographical proximity to regions with high demand such as the European Union and the Middle East. For this reason, we can say that it would be a good move to invest in textile and ready-made clothing in Turkey.

In addition, with the new incentive program expected to come into effect in 2018, some new incentives were offered to those who will invest in the textile field, in addition to the existing incentives. Accordingly, many additional incentives will be given to the investments to be made in the field of textile, especially in the Eastern provinces of the country.

Energy and Natural Resources

The energy sector is a very important sector in terms of the smooth running of almost all economic activities. In this respect, Turkey is expected to invest 130 billion dollars to close its energy gap. The fact that Turkey attaches great importance to this sector can be understood from the extensive incentives it offers to those who will invest in the field of energy and natural resources. Some of the incentives that investors can benefit from in the fields of hydroelectric energy, wind energy, solar energy, natural gas, bioenergy and geothermal energy are as follows;

VAT Exemption

Customs Exemption

Tax Discount (40%)

SSI Premium Employer Share (7 Years)

Interest Support (max. 700 thousand TL)

Environment and Recycling

Taking the necessary steps to eliminate the destructions caused by industrialization, to prevent global warming and to eliminate situations that may cause environmental pollution has made the environment and recycling sector an important sector. Since Turkey is a country that is in the process of membership to the European Union and has accepted the Kyoto Protocol, it attaches great importance to recycling. On this path, Turkey is expected to invest between 7 and 9 billion Euros in the waste management and recycling sector in the near future.

In this respect, domestic and foreign investors who will invest in the field of recycling in Turkey are supported in many areas such as value added tax, customs duty, investment site allocation, interest support, tax reduction.

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