Turkey puts out the red carpet for foreign investment

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Oct
10

Turkey puts out the red carpet for foreign investment: array of attractions outlined at Institute of Export London meeting

A clear message has been sent out to the international business community from the Republic of Turkey: join with us as we double national output over the next decade.

For British firms, the prospects seem especially enticing. Mainly young and well educated consumers in Turkey love British brands: “When you talk about one of the well known brands, price does not matter,” as one Turkish entrepreneur put it.

Ankara has sought to make the tax and legal framework appealing. “They really, really want you to go and invest,” said Mutlu Manyas, founder of and senior partner in Manyas law firm. “They have changed the system: there are so many incentives and so many opportunities, I really think it is time to invest in Turkey now.” Those who made firm decisions by the end of 2013 would receive even more concessions, said Ms Manyas.

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