A large young market at the crossroads of Europe, Asia and MENA — with full foreign ownership, an EU customs union and two decades of consistent growth. The fundamentals in brief.
Last reviewed: August 2026
Türkiye has been one of the faster-growing major economies of the past two decades, averaging around 5.3% annual GDP growth between 2003 and 2024. With a population of more than 85 million and a dynamic consumption base, the domestic market alone justifies presence for most consumer and B2B categories.
The Customs Union with the EU (since 1996) plus a wide network of free trade agreements gives companies producing in Türkiye tariff-advantaged reach into Europe, MENA and Central Asia — a combined market of roughly one billion consumers within a short flight radius of İstanbul.
Roughly half the population is under 35. Universities graduate large engineering and business cohorts every year, and total employer costs remain well below Western European levels. This is why Türkiye keeps attracting shared services, engineering hubs and export-oriented manufacturing.
The FDI Law guarantees equal treatment: 100% foreign ownership, free transfer of profits, and access to the same incentive schemes as local investors. Tens of thousands of internationally-capitalised companies already operate in the country — and setting one up takes days, not months.
In our own client base — more than 450 companies, roughly 90% of them foreign-owned — the most common patterns are: trading companies serving EU and MENA customers, software and consultancy LLCs run remotely by founders abroad, and manufacturing ventures using incentives and free zones. Whatever the model, the entry sequence is the same: incorporate, open banking, set up e-invoicing and a compliance calendar, and scale from there.
Transparent USD/EUR pricing, English-speaking team, fully remote process. Around 90% of our 450+ clients are foreign-owned companies.
See Services & Pricing →LLC vs JSC, minimum capital, timeline, documents and costs — the full setup guide.
Corporate tax 25%, VAT at 1/10/20%, payroll, withholding and the filing calendar.
2026 minimum wage, employer costs, utilities and fixed overheads.
Tax breaks, R&D and technopark benefits, free zones and HIT-30.
This guide is for general information only and does not constitute tax, legal or investment advice. Figures are periodically reviewed and may change; verify current rates with official sources. Compiled from public data of the Investment Office of the Presidency of Türkiye (invest.gov.tr) and Turkish official gazette announcements. yenisirketim.com is a technology and business support platform; statutory accountancy services are performed by independent licensed professionals.