The local and foreign investments in Turkey were growing in 2014 comparatively to 2013, despite the financial crises that was still felt in some regions of the country and the slow economic growth. In September 2013, the investors opened nearly 45,000 companies in Turkey and, in the same period of 2014, the number increased by 33%, as it is presented in the Coface Panorama Turkey report, released in January 2015.

How can the increase be explained?

The increasing in the number of start-ups in Turkey is explained by local specialists as a consequence of the confidence in the business environment and the future opportunities. The entrepreneurs are specialized in their fields of activity and they have plans for the development of their businesses and know how they will succeed, declared Fırat İleri, a representative of the Dutch private equity fund Hummingbird. This fund made investments in many start-up companies in Turkey and has strong knowledge on this type of companies.

The confidence in business, as an indicator that measures this value shows, is nearly high in Turkey comparatively to other countries and it may grow in the future as the economy will continue to develop.

Funds for Turkish SMEs

The Turkish authorities support the investments and they announced to offer financing for small and medium enterprises (SMEs) that are encouraged to develop R&D activities and create strategies for their brands. The government will offer 100 million Turkish liras for SMEs.

The Prime Minister Ahmet Davutoğlu declared that SMEs play an important part in the Turkish economy and they are the reason why there are no social problems and the income equality increases.

The foreign investors who are interested in doing business in this country and receive incentives may contact our lawyers in Turkey, who will offer more information and help start a business in this country.