Global Company Formation

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Turkey

A rich blend of the exotic and the familiar, Turkey straddles the continents of Europe and Asia. Beyond the clichéd storytelling of the travelogues, politically modern Turkey is mesmerizing, and way more than a “bridge between East and West.” Turkey’s economy has undergone a period of volatility compounded by flawed domestic politics and challenging external environments. Although economic growth has moderated, several reforms, including privatization of state assets and streamlining of business regulations, have progressed. The soundness of public finance has relatively been well maintained.

 The process for setting up private enterprises has become less time-consuming.  There is no general screening of foreign investment, and most sectors of the economy are open to investment. The government may not confiscate property without providing compensation. Financial-system reforms have enhanced transparency and competitiveness. Turkey has developed through history. Invasions and settlements from every direction have only added delightful influences from the Middle East and the Mediterranean, the Balkans and Central Asia. The city is laden with city bazaars along with multi-brand outlets and malls. With a dynamic and mature private sector, Turkey is a promising economy with a bright future and stable growth. Turkey is a vital energy terminal and a corridor in Europe connecting the East and the West. With easy access to customers in Europe, Eurasia, the Middle East and North Africa, businesses can reap enormous benefits from Turkey’s strong industrial and service sector. 

 

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