Business in Turkey. Entering the Turkish market

Our services

Save your business tens of thousands of dollars
when entering the Turkish market

Save your business tens of thousands of dollars
when entering the Turkish market

Learn more about our services Learn more about our services

Market research

You will learn how to effectively develop and promote your business within your niche in the Turkish market. We will provide a competitor analysis, study the behavior of potential customers, and deliver in-depth industry analytics. You will gain a clear understanding of the conditions you’ll be operating in, enabling you to confidently build your market entry strategy

Market research

Business plan & strategies

Receive a detailed business plan for entering the Turkish market. We will develop it taking into account the country’s economic realities, cultural specifics, and your specific goals. The plan will include all key sections — from strategy and marketing to financial projections and risk assessment — providing a solid foundation for a successful business launch and growth

Business plan & strategies

Business setup consultation

We will provide tailored recommendations for your business’s entry into the Turkish market. You will gain a clear understanding of your target audience, get acquainted with key competitors, and learn about the specifics of the local market. We will explain in detail the nuances of launching and adapting your business, enabling you to confidently grow within the Turkish business environment

Business setup consultation

Positioning strategies

We will prepare a detailed profile of your target audience in the Turkish market, identifying their needs and preferences to help increase sales. Additionally, we will analyze key market trends and, based on this information, develop a positioning strategy that enables effective business growth and strengthens your presence in the Turkish market

Positioning strategies

General information

Population
84 780 000 people
Official language
Turkish
Main religion
Islam
Currency
Turkish lira (TRY)
Time zone
UTC+3

Economy of Turkey

GDP per capita
9661 USD
Economic growth
5,6%
Unemployment
13,4%
Inflation
32%
Investment inflow
13,84 billion USD

Business in Turkey

Popular type of legal entity
Limited liability company (LLC)
Minimum number of shareholders
1
Company registration period
7-10 days
Minimum share capital
10,000 Turkish lira (approximately 1,200 USD)
Restrictions for foreigners on starting a business
No
A local director is required?
No, but at least one shareholder or director must have a Turkish tax number
Corporate tax
25%
VAT
18%

Advantages and disadvantages

Advantages
strategic location, large domestic market, skilled workforce, diversified economy, favorable demographic situation
Disadvantages
bureaucracy, political instability, competition in the local market, currency fluctuations, tax complexities, regional differences, cultural differences