A guide to investing in Turkey for Egyptians

In a country that is strategically, economically, and touristically important, Egyptian investors are looking to expand their businesses in Turkey, while others hope to enter the world of investment in the country through its wide open doors, as investment opportunities are diverse and promise satisfactory results based on previous experiences.

Is investment in Turkey available for Egyptians?

Of course, it is available to investors from all over the world, including Egyptians. Turkey has an open economy that actively seeks to attract foreign capital, and the Turkish government has implemented various measures to attract and facilitate foreign investment in the country.

Egyptians can invest in Turkey in different ways, such as direct investment in a Turkish company or by buying shares. In addition, the Turkish government offers a variety of incentives for foreign investors, such as tax exemptions, subsidies, and investment guarantees.

The best types of investment available in Turkey for Egyptians

There are many types suitable for Egyptian investors, but we have selected the most important fields:

1. Real estate investment

Real estate investment in Turkey is one of the best and most important options, with various sectors explained as follows:

• Residential properties: The residential real estate market in Turkey has grown steadily over the past years, and there are many affordable options for Egyptians, enabling them to buy apartments, villas, or independent houses for personal use or as an investment.
• Commercial properties: Alongside the boom in residential real estate, the commercial real estate market in Turkey is also thriving, offering many opportunities for Egyptians to invest in office buildings, retail spaces, and warehouses.
• Tourist properties: Turkey is a popular tourist destination, so investing in tourist properties such as hotels, resorts, and holiday homes is a profitable investment for Egyptians.
• Joint ventures: Another area of real estate investment is partnering with local Turkish investors or developers. This can be a beneficial option for those who wish to share experiences and investment benefits in this field.

2. Commercial investment

Turkey is a popular destination for commercial investment, with many opportunities available for Egyptians interested in doing business in the country. One of the main areas is importing goods from Turkey and exporting them to Egypt.

Turkey is a major exporter of many goods, including textiles, food products, machinery, and electronics. There are many sectors and goods promoted in Egypt that come from Turkey, including the following:

• Textiles: There are opportunities to import various types of textiles and clothing products, as Turkey is known for its high-quality textiles, including cotton, linen, and silk.
• Food products: Turkey is distinguished by its food products, such as fruits, vegetables, dairy products, meats, and processed foods. This means there are opportunities to import Turkish food products to Egypt for distribution to retailers or sale in supermarkets.
• Machinery and equipment: Turkey is known for its strong manufacturing sector, including machinery, equipment, and automotive industries. Investors are keen to import them for use in various industries such as construction, agriculture, and manufacturing.
• Electronics: Turkey has a modern and growing electronics industry, such as smartphones, computers, and display devices. There is increasing demand for Turkish electronics for distribution or resale in Egypt.
• Raw materials: Turkey is a major producer of raw materials such as iron, copper, and coal. These materials are shipped from Turkey for use in various industrial sectors.

Read more about: Commercial property prices in Turkey

3. Industrial investment

Turkey is an industrially important country with a diverse economy and a strategic location that has attracted various types of industrial investment. Some of the main areas of industrial investment in Turkey include:

• Automotive industry: Turkey is one of the largest car manufacturers in Europe and has impressive results in this field. The country has attracted significant investments from leading global car manufacturers such as Ford, Renault, and Toyota.
• Textile industry: Turkey has a long history in textile production, and the sector remains a significant contributor to the country's economy. The textile industry has attracted investments in areas such as yarn production, weaving, clothing manufacturing, upholstery, and carpets.
• Food sector: Turkey is a major producer of agricultural products, and the food industry has been a growing sector in recent years, with increasing investment in various fields such as fruit, vegetables, dairy products, and meat processing.
• Chemicals and plastics: Turkey has an advanced chemical industry, accompanied by investments in fields such as petrochemicals, plastics, and rubber production.

It is worth noting that there are types of industrial investment in Turkey divided into three main categories:

1. Establishment: This involves setting up new companies in Turkey in various industries, such as a new factory or a modern machinery production facility.
2. Expansion and development: This means acquiring a factory or industrial company in Turkey and improving or expanding its capabilities.
3. Joint venture investment: This involves partnering with an existing Turkish factory or company to start a new project, combining resources and expertise to establish an industry in the country or to increase its production.

4. Tourism investment

Turkey is one of the most famous tourist destinations in the world, offering a wide range of attractions and investment opportunities in the sector. Possible opportunities for Egyptians in Turkish tourism include:

• Hotels and resorts: Turkey has a thriving hotel sector, with high demand for suites in tourist cities. There are opportunities to invest in new hotel projects or buy existing properties, especially in popular tourist destinations such as Istanbul, Antalya, and Trabzon.
• Entertainment parks: Turkey has a large market for amusement and entertainment centers, providing opportunities to invest in these projects, which may include water parks, adventure cities, or family entertainment centers.
• Eco-tourism: Turkey is characterized by diverse and unique nature, creating opportunities for eco-tourism and adventure tourism, and investment in projects such as nature reserves, wildlife conservation, or guided tours.
• Cruise ships: Turkey has many ports and harbors, making it a popular destination for cruise ships. Investment opportunities in this field include cruise ship services, such as shore excursions and sea tours.
• Medical tourism: With the growth of medical tourism in the country and the availability of high-quality medical facilities at affordable prices, there are opportunities to invest in medical tourism projects, including medical facilities, clinics, or specialized travel agencies.

Read more about tourist real estate in Turkey and its most important features

5. Agricultural investment

Turkey is one of the world's leading agricultural producers, offering a wide range of agricultural investment opportunities, including the following main sectors:

• Livestock and poultry farming: Turkey has extensive experience in livestock and poultry farming, including beef storage, export, and dairy product packaging. Egyptian investors can invest in livestock farms, processing facilities, or feed factories.
• Greenhouse farming: Turkey's climate is suitable for greenhouse agriculture, making it a popular choice for producing vegetables and fruits. Investors can buy agricultural land or build greenhouses and their equipment.
• Organic farming: Turkey has a growing organic farming sector, with increasing demand for organic products locally and internationally. This creates opportunities for crop production, processing, and distribution.
• Agricultural machinery: Turkey has a manufacturing sector for agricultural machinery and equipment, including tractors, harvesters, and irrigation systems. There are opportunities to import agricultural machinery for use in Egypt or to establish joint ventures with Turkish manufacturers.
• Agricultural exports: Turkey is a major exporter of agricultural products, including fruits, vegetables, nuts, frozen and canned foods, legumes, grains, and more.

Investment conditions in Turkey for Egyptians

To establish an investment company in Turkey, you need to meet certain conditions and follow specific procedures, detailed as follows:

• Legal entity: Such as a limited liability company, joint stock company, or cooperative. The specific type of legal entity depends on the size and nature of the investment company.
• Capital requirements: Meeting the minimum capital requirements for the company. The minimum capital for a limited liability company is currently 10,000 Turkish lira, while the minimum for a joint stock company is 50,000 Turkish lira.
• Authorization: Obtaining permission from the Turkish Capital Markets Board (CMB) to establish and operate an investment company. This requires submitting a detailed business plan, financial statements, and other relevant information as part of the licensing process.
• Auditing and reporting: Appointing a certified and independent Turkish auditor to review financial statements and provide regular reports on investment activities and financial performance.

Learn about the most important investment tips in Turkey with Imtilak Real Estate.

Advantages for Egyptian investors in Turkey

There are many advantages that Egyptian investors can gain by investing in Turkey, including:

• Strategic location: Turkey has a strategic location connecting Europe and Asia, making it an important commercial hub. This allows Egyptian investors access to large markets through Turkey.
• Stable economy: Turkey has a large and stable economy, with a GDP of over $700 billion last year. The country has experienced steady economic growth in recent years, earning praise for its economic policies from international organizations such as the IMF and World Bank.
• Investment incentives: The Turkish government offers a range of investment incentives to attract foreign investors, including tax exemptions, subsidies, and loans. This helps Egyptian investors reduce their costs and increase their profits.
• Skilled workforce: With a large number of university and technical school graduates and a skilled workforce, Egyptian investors have access to a pool of talented workers who can help grow their businesses and increase productivity.
• Access to natural resources: Turkey offers access to a range of natural resources, including minerals, agricultural land, and renewable energy sources. This provides opportunities for Egyptian investors looking to invest in these sectors.
• Cultural ties: Turkey and Egypt have a long history of cultural relations, which can help Egyptian investors feel more comfortable doing business in Turkey.

It is worth noting that there are tens of thousands of Egyptians who have lived and worked in Turkey for several years, which may help facilitate business relations.

Imtilak Real Estate services in real estate investment for Egyptian investors

Imtilak offers its integrated services to Egyptian investors wishing to invest in real estate in Turkey; the company puts its experience of more than ten years in the Turkish real estate market at the disposal of its investor clients.

Imtilak Real Estate, through its offices and branches distributed in the most important provinces and cities in Turkey, provides the best real estate opportunities and special offers that suit the investor's desires and align with his goals and aspirations, in addition to offering comprehensive services covering everything needed in this field.

Among the most important services the company offers in this field are Turkish citizenship and all related matters until it is received, legal consultations, and document services such as obtaining the title deed and residence permits, in addition to after-sales services such as renting out the property, investing in it, or reselling it, if the client wishes.

For more information or clarification, contact Imtilak Real Estate, the real estate experts in Turkey.

Edited by: Imtilak Real Estate©