6 business ideas you can do in Turkey
1- Buying a property
Buying a property in Turkey is considered a safe investment since the prices are affordable and the demand is mostly from the locals, which will protect you from any real estate bubbles or real estate devaluation.
On the other hand, buying a property in Turkey can give you a considerable profit and ROI, which according to official statistics, in Turkey there is around 12% capital appreciation annually on properties, and Turkey is an attraction for international tourists and students from all around the world, this can give you the ability to rent you property as serviced apartment and makes you earn more rental income on a daily or weekly or monthly basis.
Nevertheless, buying a property in a location like Turkey gives you a lot of advantages, like getting Turkish citizenship, a residence permit, and free social services like hospitals, schools, and universities.
If you take a look at the world map, you will see Turkey positions just right in the middle of the world, and with the developed and developing infrastructure that Turkey has, it gives the chance to be a channel between 3 continents to export products from Turkey to every spot of the world, however, Turkish government facilitates the exporting taxes, procedures and encourages traders to export Turkish products to the world.
3- Small startups and businesses
Turkey gives you the chance to start and do any business you want to establish, in which you can establish a licensed company and you can register it in one working day. And that gives you the flexibility to start your own business with small capital money. Businesses like international cuisines and international services can work very well for you if you plan correctly and target wisely.
4- Teaching and private lessons
Since Turkey is a multinational country, especially in Istanbul you may find more than 30 nationalities in one area, and that gives you the chance to use your foreign language to teach other international members in Turkey. English, Urdu, Persian, and Arabic can be the main languages to teach in Turkey and you can even establish your own language learning institution.
The working force in Turkey is wide, diversified, and qualified, and comparing the average salaries in Turkey to other European or USA countries, you can find that in Turkey it is cost-efficient to hire a team and provide outsourcing services to international companies and organizations that are based out of Turkey.
Arranging tourist tours and guidance to foreigners in Turkey can give you the chance of a new kind of business, where you can provide a professional service, and in return, you can earn money. For such a business, you may need experience in Turkey or a good network there so you can arrange the business correctly and wisely.
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