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10 reasons to invest in Turkey

Article - October 8, 2014
Turkey is the fastest growing OECD country and one of the most promising for investing. Find out why investors should have their eyes on this rising economy.
SUCCESSFUL ECONOMY
- Expected to become the fastest growing economy among the OECD members during 2012-17 with an average annual real GDP growth rate of 5.2% 
- Ranked the 13th most attractive FDI destination in 2012

POPULATION
- Young, dynamic, well-educated and multi-cultural population

QUALIFIED AND COMPETITIVE LABOUR FORCE
- Over 27m young, well-educated and motivated professionals 
- Approximately 600,000 students graduate annually from over 170 universities

LIBERAL INVESTMENT CLIMATE
- Business-friendly environment with average of six days to set up a company, while the average in OECD members is more than 12 days
- Equal treatment for all investors

INFRASTRUCTURE
- New and highly developed technological infrastructure in transport, telecoms and energy

STRATEGIC CENTRAL LOCATION
- A natural bridge between both East-West and North-South axes, thus creating an efficient and cost effective outlet to major markets
- Easy access to 1.5bn customers in Europe, Eurasia, the Middle East and North Africa, and multiple markets worth $25tr of GDP

ENERGY TERMINAL OF EUROPE
- An important energy terminal and corridor in Europe connecting the East and the West

LOW TAXES AND INCENTIVES
- Corporate income tax (CIT) reduced from 33% to 20% 
- Tax benefits and incentives in Technology Development Zones, Industrial Zones and Free Zones could include total or partial exemption from CIT, a grant on employer’s social security share, as well as land allocation
- R&D and Innovation Support Law

CUSTOMS UNION WITH THE EU SINCE 1996
- Turkey has been part of a Customs Union with the EU since 1996, and holds free trade agreements with 22 countries, with more under way

LARGE DOMESTIC MARKET
- 20m broadband subscribers and 68m mobile phone subscribers in 2012, up from 0.1m and 23m in 2002
- 131m airline passengers and 31.8m international tourist arrivals in 2012, up from 33m and 13m in 2002

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