Turkey has long been a desirable destination for business investments due to its strategic location, favorable tax laws, and numerous other advantages. However, with Turkey's rapidly changing political and economic landscape, potential investors may wonder if Turkey is still a safe place for their investments in 2023. To help understand the current climate in Turkey, it is important to look at the recent developments in the country.

In 2017, a new presidential system was approved by a referendum that increased the powers of President Erdogan. This system has made it possible for the government to be much more centralized. It has dramatically affected many parts of Turkish society, such as foreign policy, economic policy, and foreign investment.

Turkey's economy has also changed a lot. Inflation has reached double digits, and GDP growth has dropped to damaging levels. This can make investing in the country much riskier than before the government change. Changes in the value of the currency have also been a problem, as has international pressure on Turkey to improve its record on human rights. All of these things must be considered when deciding if investing in Turkey is safe or not.

Despite all these risks, there are still reasons why investing in Turkey can be beneficial. The country’s economy remains sound, with low levels of public debt and high levels of foreign direct investment (FDI). Additionally, the labor force is highly educated and competitively priced, making it attractive for businesses looking to expand into new markets or establish factories within the country. Additionally, due to its favorable geography and demographics, there is a large potential market for businesses to operate within Turkey that could be very profitable for investors. Finally, although difficulties remain between Turkey and many other countries due to various political issues, these tensions have been slowly decreasing over time, allowing more opportunities for foreign investment in the country once again.

Overall, while there are risks associated with investing in Turkey in 2023 due to recent economic instability and international pressures on its government policies, there are still ways that business owners may find success if they conduct thorough research before making any decisions. With careful planning and consideration of all factors discussed above, as well as any other pertinent information available, investors should be able to make sound decisions about their investments in this emerging market by 2023.

What are the advantages of growing a business in Turkey?

With a population of over 84 million and a growing middle class, Turkey offers plenty of opportunities for businesses to expand and thrive. In 2023, the country will benefit from several major infrastructure projects that could improve the overall business climate and attract new investments. In the next part of this article, we'll discuss the benefits of starting or growing a business in Turkey in 2023. These benefits include access to markets, tax breaks, and better infrastructure.

Access to Markets

Turkey has an advantageous location in terms of access to global markets. It borders both Europe and Asia, giving businesses access to neighboring countries like Greece, Bulgaria, Syria, Iraq, Iran, and more. This provides more opportunities for export, import, and trading activities. Additionally, with its membership in the European Union Customs Union (EUCU), businesses operating in Turkey have access to preferential treatment with regard to trading with EU member states such as Germany, France, and Italy. As a member of the World Trade Organization (WTO), companies based in Turkey can also take advantage of global free trade agreements that may offer them competitive advantages over their rivals.

Tax Incentives

Turkey offers various corporate tax incentives for local businesses and foreign investors looking to establish operations in the country or expand their existing ones. Some of these do not have to pay corporate income tax if the business is new or if it is starting up in a poor area. Others must pay less corporate tax if they invest in long-term capital or move their headquarters from another country. Also, there are no capital gains taxes on profits made from selling stocks or real estate investments in Turkey unless they were bought with money or credit from outside the country. This gives foreign investors a good reason to put their money in the Turkish market.

Improved Infrastructure

The Turkish government has committed itself to large-scale infrastructure projects that are set to be completed by 2023. These include improvements to road networks connecting cities within the country as well as rail lines connecting Europe with Asia; both will provide easier access between domestic markets within Turkey and international markets abroad should investors choose to take advantage of these transportation methods. Additionally, other projects include improved airport facilities, which can reduce transport costs significantly by making it easier for goods and people alike to get where they’re going more quickly and efficiently than before.

In conclusion, there are numerous advantages associated with doing business in Turkey in 2023 due to its strategic location giving easy access to global markets, plus its various corporate tax incentives aimed at encouraging investment within the country as well as improved infrastructure being developed by the government that can reduce transport costs significantly. All these factors make it very appealing for any investor looking to start or expand their business operations within Turkey, whether domestically or internationally, making it an attractive option compared with other potential investment destinations worldwide.