The Republic of Turkey is a transcontinental country located between Europe and Asia, holding a unique strategic position that connects Western and Eastern markets. Bordered by the Mediterranean Sea, the Aegean Sea, and the Black Sea, Turkey enjoys a diverse climate, predominantly Mediterranean along the coasts and continental inland. Its population exceeds 85 million inhabitants, and the official language is Turkish, although English is widely used in business and urban areas.
Political Environment
Turkey is a democratic republic founded in 1923. The country has a structured political system with a solid institutional framework. As a member of numerous international organisations, including NATO, the G20, and the Council of Europe, Turkey plays a key role on the global geopolitical stage. It also maintains close economic ties with the European Union through a customs union.
Living in Turkey
Turkey offers modern infrastructure, particularly in major cities such as Istanbul, Ankara, and Izmir. Health services, transportation, telecommunications, and banking services are well-developed and accessible. The country boasts a dense air network with Turkish Airlines connecting over 300 destinations worldwide.
The cost of living in Turkey is generally lower than in most European countries, allowing for an excellent standard of living on a controlled budget. Real estate remains attractive, with interesting investment opportunities, especially in tourist areas and large metropolises.
Turkey is also appreciated for its quality of life: a pleasant climate, rich cultural heritage, world-renowned cuisine, and local hospitality. The country is particularly appealing to expatriates, retirees, and international entrepreneurs.
Doing Business in Turkey
Turkey is now one of the most dynamic emerging economies, with a significant internal market and a strategic position between Europe, Asia, and the Middle East. The Turkish government actively encourages foreign investment through tax incentives, free zones, and business support programmes.
The Turkish labour force is young, skilled, and competitive. The country has a diverse industrial fabric, encompassing key sectors such as construction, textiles, automotive, technology, and tourism. Turkey is also a major logistics hub due to its port and air infrastructures.
Law in Turkey
The Turkish legal system is based on a civil law model inspired by European law, particularly the Swiss Civil Code and Italian law. It covers key areas such as commercial law, corporate law, tax law, and property law.
In recent years, Turkey has modernised its legislative framework to attract more foreign investors, simplifying administrative procedures and strengthening investment protection. The country also offers specific programmes, such as citizenship through real estate investment.
Turkey offers numerous advantages, including:
- Strategic position between Europe and Asia
- Attractive cost of living and accessible real estate
- Significant internal market and growing economy
- Skilled and competitive workforce
- Modern infrastructure and developed transport network
- Attractive investment programmes for foreigners
- High quality of life and favourable climate