The number of foreign companies in Turkey increased by 65%

The number of newly established foreign companies in Turkey increased by about 65%, during the first half of 2022, to reach 9,828 companies.

The number of foreign companies in Turkey increased by 65%
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2022-08-01 Last update 2022-08-01

The number of foreign companies in Turkey increased by 65%

According to data issued by the Federation of Turkish Chambers and Exchanges TOBB, the number of companies established with a foreign partnership in Turkey during the first half of this year 2022 reached 9,828 companies with a total capital of 5,4 billion TL.

Therefore, the number of companies with foreign partnerships achieved an increase of 64.4%, compared to the number during the first half of the last year 2021, which amounted to only 5,978 companies.

The percentage of foreign capital in the established companies is more than 80%

In detail, the number of closed companies among the mentioned companies amounted to 884, while the number of limited companies, including 8,944 companies, and the percentage of foreign capital in these companies amounted to 80.8% of the total capital of the total foreign companies chose investment in Turkey.

الضمان الحكومي انجليزي الضمان الحكومي انجليزي

The first nationalities in the number of companies

In the details related to the distribution of companies with foreign partnerships according to the nationalities of the shareholders who are citizens of foreign countries, the Iranians came in the first place with 640 companies, followed by the Russians with 500 companies, then the Germans with 269 companies and the first ten ranks were in the form next one:

Rank

Foreign country

The number of companies in which the citizens of the country own shares

Percentage of the total number of companies with foreign partnership

1

Iran

640 companies

6.5%

2

Russia

500 companies

5%

3

Germany

269 companies

2.7%

4

Syria

266 companies

2.7%

5

Egypt

186 companies

1.9%

6

Jordan

179 companies

1.8%

7

Pakistan

162 companies

1.6%

8

Azerbaijan

160 companies

1.6%

9

Iraq

159 companies

1.6%

10

USA

141 companies

1.4%

Foreign nationalities according to the size of the capital:

As for the classification of foreign nationalities according to the size of their capital in companies established in Turkey during the first six months of this year 2022, the Iranians ranked first with a capital of 347.4 million TL, followed by the Russians with a capital of 306.5 million TL. While the Germans came in third place with a capital of 299.3 million TL, and the first seven ranks were as follows:

Rank

Foreign country

The size of the capital of the citizens of the state in the companies concluded during the first half of the year

The percentage of the public capital in companies concluded with a foreign partnership during the first half of the year

1

Iran

374,4 million TL

7%

2

Russia

306,5 million TL

5.7%

3

Germany

299,3 million TL

5.5%

4

Hong Kong

230,5 million TL

4.3%

5

the United Kingdom

212,7 million TL

4%

6

Belgium

206,5 million TL

3.8%

7

Syria

150,2 million TL

2.8%

Istanbul and Antalya are the most attractive for foreign investors

Regarding the distribution of foreign companies in Turkey to the states, Istanbul ranked first as the state that included the largest number of these companies during the first half of this year 2022, as the number of foreign companies in Istanbul during the mentioned period reached 6,122 companies.

Antalya ranked second with 767 foreign companies, followed by Ankara with 402 foreign companies, then Mersin with 353 foreign companies, and then came Bursa with 262 foreign companies established during the first half of this year.

Istanbul also topped the Turkish states in the value of foreign capital in the companies concluded during the first half of the year, as the total foreign capital in its companies amounted to 3.3 billion TL.

While Antalya ranked second with a total capital of 397 million TL, then Bursa with a total capital of 350.8 million TL, then Mersin with a capital of 292.9 million TL.

انجليزي: الضمان الحكومي جديد انجليزي: الضمان الحكومي جديد

Edited by Imtilak Real Estate ©

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Sources
Anadolu Agency
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