Successful investment in Turkey can’t be achieved overnight. Rather, it needs basic pillars and ingredients that lead towards making well-thought-out investment decisions that will increase the return and reduce the risk.

Introduction to Investment in Turkey

In recent years, the Arab and Western demand for the Turkish market has grown, so investment projects in the commercial and industrial sectors have increased, as well as the investment bloom in the real estate sector.

Turkey is a considered a suitable environment for investments of all types, due to its strategic location, the availability of labor and basic materials for the advancement of projects, as well as tax exemptions that sometimes reach 5 years.

With all these factors that put you on the cusp of a successful investment, it is necessary to seek the assistance of experts in order to prepare a realistic study of the project before starting its implementation, in order to ensure the success of your investment project.

In this article, we highlight the stages of successful investment, starting from the idea, passing through the feasibility study, evaluating and developing the project, all the way to the operational stage.

Steps of Successful Investment in Turkey

In order to ensure the success of your investment project, it must pass through several stages called the “project development cycle”, the first of which is the idea of ​​the project, which is the stage prior to the feasibility study, then comes several successive stages, which are as follows:

1) Feasibility Study

It is a preliminary study to assess the feasibility of the project before its entry into force, and aims to determine the viability of the investment project in terms of financial, technical, market, financing and social aspects.

In addition to identifying the commercial and economic profitability of some already existing projects, in order to ensure access to the highest possible net benefit.

2) Project Evaluation

This stage is represented in achieving compatibility between the criteria included in this process and the objectives of the proposed projects, taking into consideration the difference between the criteria for measuring each objective.

Thus, the standards for public projects, for example, differ significantly from those used for private projects; As a result of the different goals between each of them, it is necessary to choose the appropriate standard for the goal.

3) Project Development

At the stage of developing investment projects, the investment decision has already been taken, and then the project is being operated and implemented.

This stage consists of several other stages, which are as follows:

• Determining the legal form of the investment project.
• Determine the location and location of the project.
• Formulating the general structure of the investment project.
• Extracting all the licenses that grant the project permission to start.
• Choosing reliable and experienced institutions that provide financial and technical services to the project.
• Purchasing or leasing all production requirements of all kinds and forms.
• Purchase or lease of fixed assets at the local and foreign levels.
• Providing manpower to cover the project work plan and production requirements.

4) Launching Projects

The stage of operating the project is one of the important stages of successful investment, and it is when the project begins production; Where the optimum volume of production is determined by referring to the project's market share, in addition to reviewing the conditions for maximizing profits.

In the operational phase, several steps are applied, as follows:

• Choosing the appropriate production method.
• Organizing marketing operations.
• Organizing everything related to financial, administrative and accounting affairs.
• Documenting periodic accounts that will evaluate the performance of the project, and clarify its tax position before the competent government agencies.

Finally. If you want to know more information about the best successful investment ideas in Turkey, or if you want to conduct a feasibility study for your new investment project in Turkey before launching it, do not hesitate to contact us at Trustus, a Turkish legal and accounting consultancy.

Edited by: Trustus Consulting^©