Do you want to start a profitable business in Turkey as a foreigner? If Yes, here are 50 best small business ideas & investment opportunities in Turkey. As of present, Turkey’s economy is the sixteenth largest in the world and the sixth largest in Europe. This drives home the fact that Turkey is a high-growth market for many investments and businesses.
Turkey’s recent growth record, its young and talented workforce, and its strategic location between Europe and Asia make the country a very attractive destination for growth and investment. Turkey is a country that is located between Europe and Asia and its capital city and seat of power is Ankara. Istanbul is its largest city and it is considered by many as the commercial capital of Turkey. Turks are predominantly Muslims but they are considered liberal because of the religious views and lifestyle that is largely different from Muslims in the Middle East.
Turkey is known to be responsible for about 80% of the world’s hazelnut exports and it has the world’s 17th largest GDP by Purchasing Power Parity. Turkey’s economy is driven predominantly by the exporting sector with the automotive industry leading in this regard. Key exports from Turkey are hazelnut, Ships, oil and chemical vessels, consumer electronics and home appliances (with Beko and Vestel as the top brand), petrochemical products, textiles and processed foods et al.
The services sector accounted for about 65% of Turkey’s GDP, while the Agric sector accounted for about 26% but the Agric sector still remains one of the highest employers of labor in Turkey. Tourism is a major revenue generator for Turkey as a matter of fact; Turkey is ranked as the 6th most popular tourism destination in the world. The banking and the construction industry is also another major income generator for Turkey.
Turkey is vastly becoming a darling country for foreign investors since the government of Turkey has deemed it fit to reform the economy by privatization of government owned industries and also the liberalization of other key sector of the economy.
So if you are an investor and you intend starting your business in Turkey, then you should consider these top 10 business opportunities in Turkey;
50 Best Small Business Investment Opportunities in Turkey
Table of Content
- Salt production company
- Open a tourism agency
- Become a tour guide
- Roadside Assistance service
- Cleaning Services
- Goods Delivery Services
- Hazelnut farming and exportation
- Open a Construction Company
- Supply Vehicle parts
- Become a telecom subcontractor
- Start a Waste Management company
- Open an energy plant
- Produce medical equipment
- Start a frozen food business
- Mine natural stone
- Start a textile business
- Become a financial analyst
- Start a bio-chemical company
- Start a Water Damage Restoration and Repair Service
- Become an Industrial subcontractor
- Start an export business
- Start packaging meals for sale
- Starting Uber Business
- Pet Care Business
- Start a Petrochemical Business
- Open a Salon
- Start a business of processing precious metals
- Open an art gallery
- Become a grain farmer
- Start a pilgrims assistance service
- Open a movie studio
- Become a ski instructor
- Start a hotel business
- Start a destination wedding service
- Start a Recycling Business
- Start a car rental service
- Start a craft business
- Open an ice cream and smoothie bar
- Open a Spa service
- Open a Cleaning business
- Veterinary business
- Vacation rental business
- Become a Translator or Interpreter
- Start Greenhouse Commercial Farming
- Restaurant and Bar Business
- Property Rental
- Flea Market sales
- Become a Personal Concierge/Assistant
- Start an outsourcing business
- Sell umbrellas and raincoats
- Food truck
- Sell Gluten-free products
- More Small Business Investment Opportunities in Turkey
- 51. Construction
- 52. Information technology
- 53. Automotive and metal
- 54. Energy
- 55. Packaged fast foods
- 56. Textile
- 57. Environment
- 58. Natural stone
- 59. Chemicals
- 60. Tourism
- 61. Hazelnut farming and exportation
- 62. Electronics and Home Appliances Store
- 63. Petrochemical Production Company
- 64. Financial Consultancy Services
- 65. Bureau de Change Business
- 66. Specialized Catering Services for the Aviation Industry
- 67. Cleaning Services Company (Specialize in Pre and Post Construction Cleaning):
- 68. Fixture and Automation Company
- 69. Holiday Apartments and Booking Company
Salt production company
Turkey is the 15th-largest salt producing country in the world, and it averages 4,000,000 metric tonnes annually. The top 10 countries by salt production are: China, united states, India, Germany, Canada, Australia, Mexico, Chile, Netherlands, Brazil.
Turkey is surrounded by the sea in three directions, and salt production from the sea is gaining in importance, thus making it a profitable business to start in the country. The process of natural raw salt production includes, Recrystallization, evaporation, salt excavation and storage, and you can carry out this process in a small scale serving your intimidate community, or in a large scale for the international community.
Open a tourism agency
One of the most beneficial business opportunities that would serve you well in Turkey is opening a tourism agency. The reason why entrepreneurs should take this opportunity is because Turkey has become one of the most visited places in the world.
So then, it can be a very great idea for you to provide all the best services for the tourists in the country. In simple words, it will be nice if you to start a business that can provide essential services to tourists, such as helping them book their hotels and flights, arranging for sightseeing and taxi services, etc. The best part is that there are no complicated and difficult regulations or requirements that you have to meet before you start this business.
Become a tour guide
An easier and less stressful form of starting a tourist agency is becoming a tour guide. There are 13 spots in Turkey inscribed on UNESCO’s list of World Heritage Sites, and a whopping 62 on the tentative list. They range from a Mesolithic temple (Göbekli Tepe) to a Biblical city (Ephesus) to a World War One battlefield (Gallipoli), and all these help make Turkey the sixth most-visited tourist destination in the world.
The country is ranked to be the world’s sixth most visited lands. So becoming a tourists’ guide is surely one of the great small business ideas you can start in Turkey. One good thing about this business is that you can start it with little or no startup capital.
Roadside Assistance service
A country with a huge population, and a steady influx of tourists need a roadside service in order to help stranded road users. With more people using their vehicles in Turkey, you would never lack for business especially if your assistance service is located in a visible point of the road. Note that in this type of business, the more stands you have, the better for the road users and your business, so you should endeavor to expand your business as soon as possible.
In Turkey, there is a huge demand for cleaning services. A large number of people visit Turkey and to keep the interest of travellers, the city should be kept clean. It will be great to start a cleaning service to earn good profit in Turkey. This is another business that does not require an arm and a leg to start. You can start small and grow it big.
Goods Delivery Services
Another profitable business you can start in Turkey is a gods delivery service. This business is guaranteed to thrive because a large number of local stores do not provide delivery services. You can be the one to help the consumer as well as the store owners to deliver the desired products to the consumer’s location safely. What you need to make a success out of this business is a means of delivering your goods such as a vehicle, motorbike or even a bicycle.
Hazelnut farming and exportation
Statistics has it that Turkey is responsible for about 80% of the world’s production and export of hazelnut. In case you don’t know what Hazelnut is, it is a sweet-flavored nut that grows easily in Turkey. It is also known as filberts. If you intend investing in the agric sector in Turkey, you should consider going into hazelnut farming and exportation since Turkey is one of the most fertile grounds to grow this nut. You only need to identify countries that need this nut and start negotiating export terms with them.
Open a Construction Company
Construction is one of the key sectors in Turkey, and equally one of the main drivers of public and private investment. There are large construction companies as well as small ones that undertake niche services. If you want to establish a profitable business in Turkey, you will be well served to open a construction company.
Supply Vehicle parts
Turkey is a market of 74 million people, with a great majority of this population owning cars. The largest automotive companies such as Ford, Fiat, Renault, Toyota, Hyundai, Mercedes, Citroen, etc., have factories in the country, thus helping in the steady supply of vehicles.
But the country is still in need of industries that can supply automobile parts as the ones in existence are hardly sufficient. This has just opened up a business idea for the savvy entrepreneur. You can start a business in this industry and either manufacture or import your vehicle spare parts. As this is still a growing industry, you are guaranteed a good portion of the market.
Become a telecom subcontractor
In the market there are few telecom operators because of the huge entry barriers (state regulation, mainly). However, there are interesting opportunities in the provision of services, especially for the integrators which subcontract directly these operators. So, if you have the ability and capability, you can become a telecom subcontractor in Turkey. This business is quite complicated and can prove to be capital intensive, but it is a very profitable venture.
Start a Waste Management company
The environment sector has gained in importance in recent years as one of the priority sectors for the Turkish government. Turkey’s rapid industrialization and high population growth (one of the highest in the OECD) along with the expansion of cities, have created complex environmental problems related to public services, especially that of waste management.
You can start a business in a niche area in the waste management industry and make make loads of profits. Note that you can start up by setting up a business that supplies waste water treatment services, sewage treatment and management, solid waste management, etc. Turkey as a country is ever ready to support businesses in this area.
Open an energy plant
The clear intention of deregulation and privatization of the Turkish government in the last decade coupled with a solid legal framework and increasing domestic demand, makes Turkey a key country for energy investment. Government sources said the sector needs an investment of approximately 130,000 million by 2021, and is urging investors to key into this field. Though energy is a high capital investment sector, but it would be easy to recoup your investment and make profits if your business goes well.
Produce medical equipment
Since 2008 after the government announced the introduction of universal health care system in Turkey, the country has been trying to improve on their healthcare sector, especially in the construction and equipping of hospitals. Almost all the medical equipment used in the country is imported, thus indicating a key industrial need to be met in the country. If you have the financial wherewithal, you can set up a company that manufactures medical equipment in the country.
Start a frozen food business
The Turkish food industry has grown steadily in the recent years. The growth of the disposable income and the changes in consumer trends, along with the increasing number of women employed full-time (in a still conservative society in general), have caused the increasing in the interest in processed meals and frozen foods.
To meet this need, you can set up a food business that produces and sells process and frozen meals so that people cam buy them, heat and then consume them without much stress. If your business manages to take off, it would become profitable because people always have to eat.
Mine natural stone
Turkey is the fourth largest producer of natural stone in the world with over one hundred varieties of marble, travertine, limestone, slate, basalt, tuff, andesite, diabase, granite and onyx. It owns the 40% of the world reserves of marble.
So it is a great idea to start the business of natural stones in Turkey. One way to do this is to set up a business that mines these natural stones. While dong this, you have to make sure to obey the rules and regulations as it relates to mining so you don’t get in trouble with the law.
Start a textile business
The textile industry is one of the most important sectors of the Turkish economy. Representing approximately 10,8% of GDP, it one of the leading sectors in manufacturing, employment, investment and macroeconomic indicators. You can take advantage of this growing sector to set up a business where textile of every kind is manufactured. If the market in Turkey is saturated, you can easily export your textile to other countries that have the same culture as you.
Become a financial analyst
The Turkish financial sector is undertaking a major development process, with the financial services expanding solidly on the basis of the current economic growth, low inflation and a decrease interest rate. Despite the global financial crisis the Turkish banking sector has maintained a stable position in the world. You can as well become a financial analyst to help individuals and businesses with their financial problems.
Start a bio-chemical company
The Turkish chemical sector has been developing continuously in recent years. Today the industry provides not only raw-materials but also intermediate products to other actors in the economy, especially automation, leather products, glass, textiles and paper. You can set up a bio-chemical company where you get to manufacture improved products that would edge out old ones and get a comfortable place in the market.
Start a Water Damage Restoration and Repair Service
Every year in Turkey, unanticipated emergencies produce havoc in the lives of residents: heavy rainstorms, flash flooding, burst pipes, overrunning cleaning machines, and a wide range of other unanticipated accidents soak carpets, drapes, upholstery and other house or business furnishings.
These crises often harm costly floor covering, and warp wooden paneling and furniture. They may cause molds and mildews to proliferate in drywall and basements, or threaten the integrity of decks, stairs, and other wooden structures. This is where a Water Damage Restoration and Repair Service comes in. You can start this business to help residents curtail water damages to their homes.
Become an Industrial subcontractor
The Turkish subcontracting sector has developed widely over the last few years. Thus, a lot of companies are into the subcontracting industry. The subcontracting industry in Turkey is set to bloom and it would serve you well to start a business in this area.
Start an export business
Exports have been one of the main drivers of Turkey’s economic growth together with numerous opportunities. Turkey is a prime location to host headquarters for many multinational companies thanks to its excellent connectivity, unique setting, and strong bonds with its neighbors.
Turkey is a good exporter country because Turkish products are as quality as European products and as cheap as Chinese or a bit expensive than Chinese. Also Turkey is stable country that has a a lot of trade agreement with nations all around the World and unions and international organizations. Another reason why it is great to start an export business in Turkey is that the country has low export taxes.
Start packaging meals for sale
In Turkey, along with men, a great percentage of women are employed and the number is increasing day by day. This is the reason why the business of packaged foods is booming in Turkey and the demand is increasing continuously. You can start a business that prepares and packages meals for sale. The market of this kind of business is growing rapidly in Istanbul and other cities of the country at a fast pace.
Starting Uber Business
The business of Uber in Turkey has been growing tremendously. You can either hire a driver, and let him drive your car while using the Uber app, or you can simply drive of your own; it depends on your budget, priorities and a few more factors. Your income can be increased as you increase the number of your working hours. It is an excellent idea of business in Turkey today.
Pet Care Business
A large number of people in Turkey love keeping pets, peculiarly dogs. They need someone to take care of them, to provide them pet care services, to take them for walk, etc. They are not reluctant to spend money for getting a surety that their pet is safe and doing well.
So it can be one of the suitable small business opportunities in Turkey for foreigners who have enough experience with keeping pets and taking care of them. If you do not have a lot of disposable income to start a pet care service, you can start with a pet sitting or pet walking service that would not make much demands from you financially.
Start a Petrochemical Business
The industry of petrochemicals is also booming in Turkey. You can start this business on a small scale initially and then expand it with the passage of time as you gain more experience and exposure. You should not just relegate yourself to the business of raw materials but you can also start dealing with the finished goods like leather and glass. This is one of the profitable business ideas you can start in Turkey.
Open a Salon
The people of Turkey are very trendy and they are conscious about their looks. So, if you are a good makeup artist and hair stylist, you should in fact, start nursing the idea of starting a hair salon in Turkey. This business is not only profitable, but it is easy to start.
What you have to make sure of is that you have the required skills to get customers coming back to you. If you do not have the finances to rent a facility for your salon, you can start a mobile salon business. All you need for this business are your tools and the vehicle to take you around.
Start a business of processing precious metals
Mining in Turkey is driven by numerous small-to-medium sized mining and exploration firms that are working to get precious metals out of the ground for the use of the government and its citizens. If you do not have the capital to take part in full scale mining, you can can start processing the precious metals that have been mined out of the earth.
Know that the precious metals cannot be used until there are processed to bring out their beauty and economic value. If you want to run this business, you have to work with mining agencies so that they they can give you metal processing contracts.
Open an art gallery
Turkey has a very exciting art scene that boasts of over 300,000 viewers yearly. The country hosts various interesting art shows that attract visitors from all across the world. An example of this is the Istanbul Biennial, now in its 14th edition.
It ranks among the top contemporary art shows in the world. This shows that Turkey is a well known art destination. If you are an artist, you can open your own art gallery where you stock your pieces as well as those of other artists.
Become a grain farmer
Turkey is the world’s 10th-biggest grain producer. For anyone willing to start a business as a farmer, one of the businesses you can start is to become a grain farmer. Turkey has had a lot of success with growing and exporting grain, and you can take advantage of this industry to set up a business for yourself. If you are not able to set up a grain farm, you can start processing the grains for farmers.
Start a pilgrims assistance service
Turkey’s population may be 99% Muslim, but the land draws tens of thousands of Christian pilgrims each year. The Ecumenical Patriarch, spiritual leader of the world’s 300 million Orthodox, lives in Istanbul, a vestige of the Byzantine Empire.
The grotto dug by the Apostle Peter in Antioch was the first Christian house of worship, while a 1st-century patriarchal church is said to have been located underground in today’s unprepossessing Istanbul district of Fındıklı. Istanbul is also home to the 1,500-year-old Hagia Sophia cathedral, now a museum.
And the Armenian Apostolic Church was founded 1,700 years ago in what’s today the city of Kayseri. With all these pilgrim sites, Turkey draws in huge numbers of pilgrims yearly. You can start a pilgrims assistance service where you get to help these pilgrims have a comfortable stay in the country.
Open a movie studio
Turkey is one of the few countries where domestic films rake in more at the box office than Hollywood’s offerings, and its movies and television series are a major soft-power export in the Middle East. For this reason, starting a movie studio is a viable and profitable business one can start in the country. If you are not able to start a full studio, you can become a movie director, that is if you have the required skills.
Become a ski instructor
Turkey is surrounded by sea on three sides. The Mediterranean in the south, the Aegean in the west, and the Black Sea in the north. The Marmara Sea, in the northwest, includes the Istanbul and Dardanelles Straits and it is the territorial water of Turkey. This goes to show that skiing is a big business in the country. Take advantage of this, you can become a ski instructor where you teach people how to ski.
Start a hotel business
Every country that has tourist destinations need hotels, and good ones for that matter. People always need where to stay when they are away from home, and building hotels are one way to draw in tourists. Adding breakfast to your offerings may help you get frequent patronage because it is on record that people prefer hotels that offer meals than ones that don’t.
This business is very capital intensive, so you have to prepare for it. You can equally skip the hassles of building a big hotel and just start a small and manageable bed and breakfast that you can run with your family.
Start a destination wedding service
A popular trend for adventurous couples is destination weddings, or getting married in a faraway location. Turkey can boast of a couple of scenic locations that smitten couples can get married at. If you reside in places like islands with pristine lakes and scenic views, a destination wedding service may be a smart business for you to start.
You can offer wedding planning, or help couples who decide to get married on the spur of the moment during their vacation get the necessary paperwork they need, including an officiant, a location, photographers etc.
Start a Recycling Business
Another business that you can set up and profit from in Turkey is a recycling business. A recycling facility engages in the recycling of plastic, paper and glass from waste locations.
Once these materials have been separated and sorted, operators go ahead to refine them into useable products and then sell them to wholesalers as well as manufacturers. You can run a small recycling plant in Turkey where you can recycle either paper, plastic, metals or the likes. Recycling is big business and the interesting part is that you can start with small initial startup capital.
Start a car rental service
Some people are very independent and would always want to drive themselves around no matter which continent they are at any particular point in time. These set of people would always want to rent cars when they arrive at new places in order to explore the scenery the way they want.
You can start a car rental service to cater to visitors who would prefer to ride themselves. You can make available cheap as well as expensive cars in your rental service and you can as well rent motorcycles and bicycles to cater to every pocket.
Start a craft business
A craft is an activity involving skill in making things by hand. If you have any artistic skills or crafty hobbies, you might just have one of the essential building blocks of a successful business, especially if you reside in a tourist location in Turkey because visitors always value indigenous crafts.
If you have accumulated quite a number of handmade crafts, you can set up a small shop in the city where you get to sell your crafts. You can also approach other crafts people and offer to market their products too.
Open an ice cream and smoothie bar
Everybody love treats, and with Turkey being a warm country because of its climate, the weather is almost always suited for ice cream. In initiating an ice cream store, proper business plan or project plan is required. Ice cream comes in different qualities, so you need to decide which ones you want to sell. Decide the store space, products, and marketing plan.
You can start your ice cream store business in two ways. One is through buying the franchise of an established brand or by having your own store. If you are starting the business with no experience, then buying a franchise would be the most prudent decision. Calculate your monthly fixed overhead cost and make a financial planning with ROI calculations.
The sale will increase as per the location you choose and which target audience you select. Make sure that your location will be a crowded place such as playgrounds, malls, offices, and markets etc. You equally need to hire experienced people who have either worked with an ice cream company or who know a thing or two about the business.
Open a Spa service
A spa is a business that provides a variety of services for the purpose of improving health, beauty and relaxation through personal care treatments. Spas offer a variety of services such as manicures, pedicures, hair care, seaweed wraps, aromatherapy, facials, waxing, acupuncture, facial and full body massages.
These services are almost essential because people need to relax and pamper themselves after working so hard during the week. If you have the skills, you can set up a spa service in your area and target tourists for better income.
Open a Cleaning business
If you are quite comfortable with the mop and rag, then you could start a cleaning service in Turkey. You can easily start your own cleaning business, or if you have saved up enough money, you could buy a cleaning franchise. You can focus on retail businesses and keep your customers clumped into one or two blocks. If you provide great services, it would serve as a mode of advertising for you because your customers will come by word of mouth.
Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis and treatment of disease, disorders and injury in animals. The scope of veterinary medicine is wide, covering all animal species, both domesticated and wild, and it takes care of a wide range of conditions which can affect different species. In Turkey, people take good care of their pets and as such a vet doctor would not have a problem sustaining his or her business.
Vacation rental business
There are a lot of good sights and places of interest in Turkey, making it a nice tourist destination. In order to take advantage of what the country has to offer, you can start renting out vacation homes to tourists and visitors. Since vacations do peak at summer, so your business may likely be a seasonal business, but the profits you would make during the season may likely carry you to the next if you work hard enough.
Become a Translator or Interpreter
Turkey is a great attraction for tourists. Every year, a huge number of tourists visit the country. For them, it is difficult to understand the local languages of the country. Moreover, the locals also prefer to speak their own language.
So, if you know English, Turkish and some other local languages, you can start your business by making the communication between tourists and locals much more effective. You can set up your hourly rates and then earn accordingly. This can prove to be a successful business for you.
Start Greenhouse Commercial Farming
Turkey is an agriculture inclined country and one business you can start in this regard is a commercial greenhouse farm. Greenhouse farming gives room for greater control over the growing environment of various crops. Dependent upon the technicality and specification of a greenhouse design, some of the important factors which may be controlled include temperature, levels of light and shade, irrigation, fertilizer application, and atmospheric humidity et al.
Greenhouses are used to overcome shortcomings in the growing qualities of a piece of land, such as a short growing season or poor light levels. They are also designed to improve food production in marginal environments like deserts.
Restaurant and Bar Business
In any area people live, one essential business to start there is a restaurant and bar. This is because, regardless of the nature of the economy, people must surely eat. This is a very profitable business in Turkey, but at the same time it is a competitive business.
So, for that, you have to provide best quality and delicious food. Your workers should also be well-trained. Initially you can start your business on a small scale and then you can expand it if you start making some good profit. It is one of the amazing business opportunities in Turkey if you start it with proper planning.
There has been a significant property boom in Turkey and the real estate market has significantly improved. The scenario now is very different from what it was a few years ago and therefore property rentals are an excellent idea for budding entrepreneurs or people willing to earn some extra money.
You can rent out properties to different demographics and for different purposes. The key point here is to provide something unique to the people and make sure that the service you provide is good enough to get you more clients in the future.
Flea Market sales
A flea market would provide great possibilities for you if you don’t look down on it. You can stock a whole lot of functional items that people need on a regular basis. People love to spend weekends rummaging through tables full of other people’s unwanted items, looking for treasures.
If you want to keep attracting people to your stand, you need to change your layout quite often and put new stuff out for sale often. You don’t even need to have that much new stuff to make things look new. Just moving an item from a table to the top of a bookshelf might get it noticed, even though the item has been in your inventory since you first started having sales.
Become a Personal Concierge/Assistant
A concierge provides assistant services to people. This business is for someone who is supremely efficient and has the ability to make things happen. People who hire you will expect things done when they want them and you need to be able to come through with not only what they want, but with a personal touch and a smile on your face.
The most likely clients for a concierge service are top executives who find themselves at the office by 7 a.m. and are there most nights until 9 p.m., leaving them with very little time to take care of their daily affairs.
Start an outsourcing business
The practice of having certain job functions done outside a company instead of having an in-house department or employee handle them, is known as outsourcing. Job functions can be outsourced to either a company or an individual.
Outsourcing has become a major trend in human resources over the past decade; so you can hinge your business apron here. You can find specific areas of business you can handle and start sourcing for jobs around those areas. Again, you can hire other independent contractors into your fold so you can be able to offer more jobs to customers.
Sell umbrellas and raincoats
The climate in Turkey varies according to the region. Generally, the country’s climate is moderate, and the Black Sea region is known to be quite rainy. If you live around this region, one business that you can start up is the sale of raincoats and umbrellas.
You can start your business from a storefront and even online, but know that you will make more money from a storefront because raincoats and umbrellas are mostly impulse buys. You can also repair umbrellas to add to your income.
The food truck industry is growing an alarming rate. For those with big culinary dreams but small risk tolerance, food trucks are a winning alternative to restaurants. Food trucks are much less expensive to start and operate, and the failure rate of food trucks is much lower than conventional restaurants. You can specialize on cuisines from other countries and see how the people like it.
Sell Gluten-free products
Gluten free products are benefiting from a built-in customer base of those who suffer from Celiac Disease, but a lot of people have embraced this food trend. Because of this, it is estimated that gluten-free product sales would cross the $2.34 billion mark by 2019. You can take advantage of this expanding industry and start a business selling gluten-free products. You can also give online courses on gluten-free dieting, food preparation and certifications too.
More Small Business Investment Opportunities in Turkey
Being one of the main drivers of public and private investment, construction is one of the key sectors in Turkey. While there are many construction firms in the country, there are still many gaps in the environmental and energy infrastructures.
So, there are huge opportunities for investors in the construction sector. With a solid background in engineering or construction, you can flag off a construction business in Turkey. Better yet, you can start a business that sells raw materials used for construction.
Due to the huge entry barriers by state regulation, there are few telecom operators in Turkey. But there are huge opportunities in the provision of services, especially for integrators which subcontract these operators. This sector might be very difficult to explore, as the required startup capital is usually high.
Although, only 25% of the Turkish population have an own car, the consumerist middle class has been growing steadily since 2000. This represents huge potential in terms of domestic utilization of cars and automotives. Moreover, the automotive industry is lacking in suppliers for various kinds of automotive spare parts. So, if you can start a business that sells automotives or spare parts, you will make a lot of money in Turkey.
The various moves by the Turkish government in the last couple of years to achieve deregulation and privatization along with strategies to increase domestic demand for reliable energy has made Turkey a good place for energy investment. The energy sector in Turkey is one of those few sectors into which the government readily welcomes new investors. The government has declared that the sector needs an investment of about $130 billion by the year 2021.
Due to the increasing number of women employed full-time, there is increased demand for packaged and processed meals and frozen foods as well as snacks. The food industry in Turkey has enjoyed steady growth over the recent years, and changes in consumer trends are making the market grow at more rapid rate.
The textile industry is one of the most important in the Turkish economy, representing about 10.8% of the GDP. Turkey is also known as a major producer of textile and the industry is open for more investors to come in. It is one of the leading sectors in terms of investment, employment, manufacturing, and macroeconomic indicators. So, there’s huge demand in Turkey for textile products.
If you are looking for a business to invest in, if you have the intention to come into Turkey as a big time investor; then you should consider establishing your own textile manufacturing company. The market for textiles that are manufactured in Turkey is indeed large.
The environment sector has, in recent, years become one of the priority sectors of the Turkish economy. Along with the rapid growth in population and industrialization come environmental problems that are far more than what the government alone could handle. So, there are huge opportunities for businesses that handle solid wastes and sewage and offer water treatment services. The Turkish government welcomes investors into this sector.
58. Natural stone
With over hundred varieties of natural stones like onyx, limestone, basalt, turf, granite, travertine, andesite, diabase, and slate, Turkey is the fourth largest producer of natural stone in the world. The country owns a whopping 40% of the world’s marble reserves. Unfortunately, Turkey has serious shortcomings in terms of expertise in mineral exploration and processing. This, of course, opens a door of opportunities for investors.
The demand for chemicals in Turkey is booming. For this reason, the chemical industry has enjoyed tremendous growth in recent years. The chemical industry in Turkey provides not only raw materials but also intermediate products to manufacturers of products such as leather, glass, textiles, and automobiles.
According to 2011 statistics, Turkey ranked 6th among the most visited countries in the world and 9th in income generated from tourism. This statistic proves that tourism is a key sector of the country’s economy, which still has even more potential – thanks to Turkey’s natural beauty and rich cultural assets.
61. Hazelnut farming and exportation
Statistics has it that Turkey is responsible for about 80% of the world’s production and export of hazelnut. In case you don’t know what Hazelnut is, it is a sweet-flavored nut that grows easily in Turkey. It is also known as filberts. If you intend investing in the agric sector in Turkey, you should consider going into hazelnut farming and exportation since Turkey is one of the most fertile ground to grow this nut.
62. Electronics and Home Appliances Store
Turkey’s electronics and home appliances manufacturing industry is quickly gaining prominence in some European countries and in Asia simply because of brands like beko and vestel that has proven over time to be a strong competitors to world’s top electronics brands. If you start your own retailing of electronics and home appliances in any of the cities in Turkey, you will definitely make good profits in the business.
63. Petrochemical Production Company
The petrochemical industry is another thriving industry in Turkey and if you choose to establish your own Petrochemical Production Company in Turkey, your products will be widely accepted in the global market especially if you are known to produce products that meet up with world standards.
The service industry is arguably the leading contributor to the GDP of Turkey with the financial sector taking the lead in this industry. If you are a financial expert, you can consider establishing your own financial consultancy business and you can be sure to have clients ranging from small scale enterprise to even large conglomerates depending on your track records and your business skills. This kind of business is indeed a lucrative one in Turkey.
The fact that Turkey is ranked as the 6th most popular tourists destination in the world means that any business that is geared towards servicing visitors will indeed thrive in Turkey. Bureau de Change is a very easy business to establish in Turkey and it is profitable because of the high volume of travelers and visitors that comes to Turkey. If you intend establishing your own Bureau de Change business, just ensure that you rent an office space that is within the airport premises or close to some of the top hotels in Turkey.
This unique business is designed to only service the aviation industry and it is indeed a very profitable and thriving business that is still largely open to investors. The fact that most airline companies contract their catering services to vendors makes it open to all. If you are well positioned, then you will have enough airlines to service.
67. Cleaning Services Company (Specialize in Pre and Post Construction Cleaning):
The construction industry is another major contributor to the GDP of Turkey. If you don’t have the financial muscles to invest as a construction contractor, you can come into the industry as a specialized pre and post construction cleaning agency.
The major capital you have to spend to establish this kind of business is the money you’ll spend acquiring all the cleaning equipments and the good thing is that if you procure good equipments it would serve you for a long period. You can also add other cleaning services like public building cleaning, parks cleaning, amongst others, to your cleaning offerings.
68. Fixture and Automation Company
If you establish your own fixture and automation company in any of the cities in Turkey, and you are involved in mass production, you would have enough industry to service. You services would be highly needed in the automotive industry, the agric sector, railway sector and in most manufacturing companies.
If you want to take your own share from the tourism industry, you may consider establishing your own holiday apartments and bookings company in Turkey. No doubt you would have enough clients patronizing your business if you are well positioned and if your facilities are affordable.
Having discovered 10+ lucrative markets in Turkey, it is up to you to sit back and brainstorm for ideas on how to explore any of these markets you choose. With the required knowledge of the market and enough startup capital, you can start a profitable business in Turkey.
- A Guide to Great Business ideas for the Future 2025 – 2030 - September 3, 2021
- How Long Do Cordless Drill Batteries Last in 2021? - August 2, 2021
- How Does the Use of Cargo Containers Benefit the Economy? - August 2, 2021