Investment and Development

Why You Have to Start a Business in Turkey

Turkey has been one of the most popular places that can attract so many investors sine so many years ago. It is all because this particular country has a very unique and strategic location which is between the Middle East, Asia, and Europe. Furthermore, it also has the promising business climate as there are so many international companies build their branches or representative offices. Aside of that, there are some other reasons why you have to start your business in the country. Well, in case you really want to figure them out, you better keep reading below.

One of the reasons why you have to open your business in Turkey is because this country can offer you the guarantee of the investment rights. It means that you will have the same rights as the national investors to trust your capital to the companies in the country no matter it is national or international companies. In addition, it has been improved its level to be better and better each year, so you can conform to the international standards nicely. There are no difficult regulations and rules that can bother you, so then you will find that you can foster your business with ease.

Why You Have to Start a Business in TurkeyMoreover, the other reason why Turkey is the best place to start your business is because the government of the country has been so supportive to the international investors by giving the “ Poker Online Company” status. This kind of status will require you to complete your obligations and taxes without any extra efforts just like the local companies do. Not only that, you will also get the notable protection in order to make sure that your business can run so well. So, it is clear that there is nothing that you have to worry about when you build your business in the majestic country.

Doing Business in Turkey: The Challenges

It is a kind of a very great idea for you to invest or do your business in Turkey. It is all because this particular country has been one of the most promising countries that have so many good sectors to invest in, which can be ranging from the textile sector to the construction sector. Each of them will give you the chance to get the optimal benefits that you will like so much. However, there are some challenges that you have to face when you start your business in the country. Well, in case you are so willing to figure them out, it will be so much recommended for you to check them out below.

– The construction permits
One thing that you have to handle carefully is the construction permits which are a little bit hard to get. It can be seen as the International Finance Corporation (IFC) and the World Bank have ranked Turkey on the 142nd position for dealing with the construction documents. There are several requirements and procedures that you have to meet in order to get the permits. All of them will be processed in quite long time of 180 days, which is quite longer than the OECD average time (about 143 days only). So, you have to make sure that you are patient enough to take care of the permits. Luckily, the government of Turkey has taken some steps in order to make the process simpler and faster at once since few years ago. Thus, the process of the construction permits can be so much more efficient than before.

Doing Business in Turkey The Challenges– The culture
Then, culture can be the other challenge that you have to meet when beginning your business in the country. It is because there is a significant gap between the west and the east side of the country. In the other words, you can find so many business and investment opportunities, more skilled staff, excellent infrastructure in the west side of Turkey, but you will not when you move to the east side. Aside of that, there is no particular standard on making the financial reports. So then, it will make the different entrepreneurs have the different ways in order to run their business, which is not good for the nature of business of the country. In addition, it is the main reason why it is so much necessary for you to get the trusted organization to help your out of the challenges before you start your business in Turkey.

The Business Culture of Turkey

Turkey has been known so well as one of the best business destinations in the world. It is because this specific country becomes one of the most strategic places to invest. Aside of that, the industry of the country is something else that you cannot forget at all. It can be seen from the great exports of the vehicle and machinery parts, knitted goods, and so on to the European and Middle East countries. So then, it is actually no wonder if Turkey can attract the attention of so many judi online investors from all around the world.

– Do the business based on trust
One thing that you will find when you work with a Turkish partner or company is that the fact that they do their business based on trust. In the other words, they will commonly work with some particular partners that they have already known well. Perhaps, that is the main reason why it is a little bit difficult for the foreigners to make a deal with the Turkish entrepreneurs. However, you can still get the chance to start your cooperation with your Turkish partner as long as you show your integrity and dedication persistently. Not only that, you have to make some appointments to meet and negotiate with them often, so that slow but sure they will find out your best quality. Additionally, in order to make it easier for you, you can add some entertainments, food, and small talks (football) mainly if you want to create the warmer communication with your Turkish partners.

The Business Culture of Turkey– Hard working and professional
Moreover, the other Turkish culture that you will find when you start your business there is the hard working and professional attitudes of the people. They will always give their best efforts every time they do their jobs even in the very long hours. So then, it can make you feel that working in the country is quite hard for the foreigners. Furthermore, the government of the country actually will not allow the foreigners to do the jobs that the local people can do. Nevertheless, this country will still hire the foreigners as teachers and the representations of the big international press or company. In addition, all of the Turkish people are so kind and polite to everyone who comes to their country, whether it is for working or vacation. Thus, it is clear that you will love living in this country.

Business in Turkey: The Investment Opportunity

It is such a very tremendous idea for you to develop your business in Turkey. It will never be something that you regret when you open your company in the country as it can promise you the potential market for sure. This specific place can be the excellent bridge that connects you to many countries as it is located on in the Asia, European, and Middle East territory. Aside of that, it can also offer you so many various investment opportunities that will attract your attention for sure. Then, do you really want to know what they are? If you do, you better find out below.

Here are some business opportunities that you can take for your business in Turkey, such as:
• Textile
One of the most recommended business opportunities in Turkey is the textile industry as it represents 10.8% of the economic growth of the country. In the other words, this kind of industry will always require employment and investment in order to support the macro economy sector of the country well. So then, it can definitely give you the big chance to trust your investment in it because the demand of the Turkish textile always get more and more increased each year. It means that Turkey has been one of the largest markets for textile and garment you better conquer. In addition, in order to make your investment in Turkey work so awesomely, it will be a great for you to keep developing the business and making your own textile manufacture. By doing so, you can optimize the profits that you can get from the business you are running.

Construction• Construction
Moreover, the other business opportunity that you cannot ignore at all when you want to start your business you should apply daftar agen bola in Turkey is the construction industry. It is because there is still a wide gap in energy and environmental infrastructure even though you can find so many construction companies. Based on this particular fact, it is so obvious that it can be a remarkable opportunity for you to invest in this sector. Simply, you can offer the engineering services or even sell some raw materials to help the country reduce the gap.

In conclusion, those are some of the promising business opportunities that you can find in Turkey. Actually, there are so many other sectors that can be your options to choose. Each of them will definitely make you able to foster your business superbly as long as you invest and make a good relationship with the local partners.