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Buyukbalkan Group, Turkey | Global Accounting Alliance Member

Why Setup Business in Turkey

Economic Overview & Business Opportunities

Located at the crossroads of the Balkans, Caucasus, Middle East, and eastern Mediterranean, Turkey is among the larger countries of the region in terms of territory and population. As of now, Turkey population is equivalent to around 1% of the total world population.

After the global economic crisis of 2007, Turkey managed to attract substantial investment with a promising trajectory of reforms and a strong banking system. The International Monetary Fund defines Turkey’s economy as an emerging market economy. Turkey has the 18th-largest nominal GDP and 17th-largest GDP by PPP in the world. Turkey is the leading producers of agricultural products; textiles; motor vehicles, ships, and other transportation equipment; construction materials; consumer electronics and home appliances in the world. According to the “The World in 2050” report by HSBC, Turkey will be the world’s 12th and Europe’s 4th biggest Economy by 2050. In fact, Turkey aims to be among the world’s 10 largest economies by 2023, on the 100th anniversary of the foundation of the Republic.

With 64% of Turkey’s population aged between 14 and 60 years, Turkey’s population is young and highly skilled. As such, we can see that the labour force is productive and cost-effective. Other than its human capital, Turkey’s strategic geographical location has offered opportunities in energy sector such as hydrocarbon. Turkey situates at a close proximity of more than 70% of the world’s proven primary energy reserves, while Europe (which is the largest energy consumer) is located right to the west of Turkey, making the country a hotspot in energy transit and an energy terminal in the region. Turkey has been a dynamic market for investors over the last decade with strong economic growth. It is also the international hub with access to multiple markets like central Asia and the Middle East.

On the final note, Turkey’s steady economy, strategic geographical position, youthful population, and dynamic business environment have made this country a growing market for foreign investors. For those who wish to traipse the central Asia and Middle East markets, Turkey is definitely the ideal springboard for a business to gain its footing and expand.

Services Offered

  • Turkey Company Setup
  • Accounting Services
  • Tax Services
  • Payroll Services
  • Secretarial Services
  • Financial Consultancy
  • Immigration or work pass services
  • Registered address services
  • Virtual office services
  • Audit services
  • Financial due diligence
  • Valuation services
  • Budgeting
  • Legal services
  • Corporate Governance
  • Bankruptcy
  • İnvestment İncentives

Management Team

Ozgur Buyukbalkan
Partner

Our Accreditation

3E Accounting International