The logistics sector has remarkably grown in Turkey in recent years. Starting a business in this promising industry within Turkey can be a highly favorable choice for the investors.
Logistics and transportation companies are responsible for delivering products on behalf of other businesses. Given Turkey's strategic position as a bridge linking Asia and Europe, its extensive coastline, ports and one of the world's largest airports, launching a logistics company in Turkey promises substantial gains for business owners.
The primary objective of a successful logistics company is the seamless transfer of goods between countries through marine, road, or air transport. This makes opening a logistics company in Turkey financially good decision, as the potential returns are substantial for the investors. Considering Turkey's geographical positioning and its neighbor countries, the profitability of venturing into the logistics industry in Turkey gains importance.
WHY SHOULD INVESTORS START LOGISTICS COMPANY IN TURKEY?
The rationale is simple: The logistics sector has grown dramatically in recent years in Turkey. In 2013, the sector’s value was approximately USD 44 billion, aligning with Turkey’s GDP, averages around 4%.
According to the records, the transportation sector’s contribution to the overall GDP of Turkey is from 10% to 15% in 2023. Considering the present GDP of Turkey is $798.4 billion, this implies that the market assessment of Turkey's logistics industry approaches $80 billion. This significant financial expansion in transportation sector could serve as an enticing factor consider venturing to Turkey and establishing a transportation and storage enterprise for investors.
With the increase in the growth of transportation sector in Turkey; shipping and freight-forward companies attracted to establish their branch or companies in Turkey. The number of transportation companies increased the number of storage companies in Turkey. Turkey become one of the hot spot of the international trading companies to storage their goods.
Turkey is also becoming attractive for transit traders. Turkish authorities and Turkish banking system allow traders to transit trade. Many transit traders register their companies in Turkey, and it allows logistics sector to grow in Turkey. To know more about transit trading in Turkey visit our page and/or consult to our legal team.
ESTABLISH A LOGISTICS COMPANY IN TURKEY
HOW TO ESTABLISH A STORAGE COMPANY IN TURKEY?
A storage company, also known as a self-storage facility or storage service provider, offers individuals, businesses, and organizations the option to rent space for storing various types of belongings, goods, and possessions on a temporary basis. These storage facilities provide secure, accessible, and often customizable spaces where customers can store items and goods that they don't currently need or have the space for.
Storage is very crucial for traders and companies for their business. Turkey’s geopolitical location and its closeness to both Europe and Asia attracts investors to venture storage company in Turkey.
To be able to store agricultural products, storages need to obtain license for operation from the Ministry of Trade of Turkish Republic. Our legal professionals can investors to obtain storage license from the Ministry of Trade.
With the assistance of our legal team, investors can establish their storage company in Turkey. Storage companies can be established as Limited liability or joint stock company in Turkey. You can visit our website and reach out to our legal team to know more about incorporating a company in Turkey.
HOW TO ESTABLISH A FREIGHT-FORWARDER COMPANY IN TURKEY?
A freight forwarder company is a specialized entity that serves as an intermediary in the transportation and logistics industry. Its primary role is to facilitate the smooth movement of goods from one location to another on behalf of businesses or individuals. Freight forwarders play a crucial role in international trade and transportation, ensuring that shipments reach their destinations efficiently, cost-effectively, and in compliance with relevant regulations.
There is no need for special license to be able to open freight-forwarder company in Turkey. With the assistance of our legal team, investors can establish their freight-forwarding company in Turkey. Freight-forwarder companies can be established as Limited liability Company or joint stock company in Turkey. You can visit our website and reach out to our legal team to know more about registering a company in Turkey.
CAN FOREIGNERS ESTABLISH TRANSPORTATION COMPANY IN TURKEY?
Foreign individuals and foreign legal entities can establish their transportation and logistics company in Turkey. Foreigners do no need to have residence permit or work permit in Turkey to open a company in Turkey.
With the assistance of our legal team, foreign investors can establish their logistics company in Turkey. Our legal team is fluent in English provide services in English, Persian, Russian, and French.
You can visit our website and reach out to our legal team to know more about registering a company in Turkey.
OBTAINING THE NECESSARY LICENSES AND PERMITS FOR ESTABLISHING A LOGISTICS COMPANY IN TURKEY
Entering the logistics sector requires obtaining a Certificate of Authorization from the Ministry of Transport, Maritime Affairs, and Communication. Essential information regarding required documents and associated fees for applications can be accessed online. Our legal team assists their clients to obtain necessary licenses to manage their logistics company.
It is crucial to thoroughly review the regulations pertaining to professional qualification training for transportation activities. The process of authorization can now be conducted online through the e-government platform.
NPartners is specialized in assisting their clients in maritime and logistics sector to keep up with their compliance with the regulations.
As NPartners, we are available to offer assistance for the establishment of your company in Turkey, bringing you the necessary guidance and support with our legal team.
Please contact to contributors or info@npartners.com.tr for your inquiries regarding this article.
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