As a home to many civilizations for a thousand years, Istanbul has taken the stage again as an international trade and business center with its diverse, dynamic and
As the Turkish economy grows with historic records, Istanbul acts as the engine of growth, having US$31 k GDP per capita income to which corresponds more than two times of countries’ average. Compared to the 2001 level, GDP per capita in Istanbul has increased more than fivefold. The foreign trade volume is US$216 billion, where 75 k companies are dealing with international trade in Istanbul.
|9th Major European City regarding Business Friendliness
|US$449 billion GDP
|US$31k GDP Per Capita
Larger Than Approx.
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Hosting two international airports (Atatürk Airport on the European side and Sabiha Gökçen Airport on the Asian side), and constructing the third international airport, Istanbul is reachable by most of the major international airlines and charters. The city is from 2 to 5 hours from European destinations and 9 hours from North America. According to the report of Airports Council International 2017 rankings, Istanbul Ataturk Airport ranks the 15th busiest international airport in the world, leaving Denver Airport, Singapore Airport and John F. Kennedy Airport behind.
Turkish Airlines has picked up four awards this year; "Best Airline in Southern Europe", "Best Business Class Onboard Catering", "World's Best Business Class Lounge", and "Best Business Class Dining Lounge" in the 2017 World Airline Awards. Moreover, Turkish Airlines is the #1 in the World flying to the most countries worldwide with 301 destinations in 121 countries.
As the turn around the port for many cruise ships, Istanbul is mostly reached from the Aegean Sea. Besides, Karaköy Sea Port is also used as a stopping point for a number of international ferries. The Bosphorus is an important passageway for international cargo ships and tankers, and a crucial stopping place for Mediterranean cruises.
Istanbul has two railway stations: Haydarpaşa on the Asian side and Sirkeci on the European side. The city can be reached from Belgrade (via Balkan Express), Bucharest (via Bosphorus Express), Budapest (via TransBalkan Express), Kishinev (via Prietenia Express), and Munich (via Istanbul Express).
Along with its huge potential in human resources, Istanbul is a city where you can achieve your business goals with utmost accuracy.
Istanbul has gone through an outstanding transformation and made extraordinary headway in many fields with the help of its mega infrastructure projects. These giant projects represent the culmination of the substantial leap taken in the last decade towards a well-developed and prosperous city that seeks to compete at the global stage.
Mercer’s Cost of Living Survey, one of the world’s most comprehensive, is designed to help multinational companies and governments determine compensation allowances for their expatriate employees. The survey covers 209 cities across five continents and measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods, and entertainment. Governments and Major companies use data from this survey to protect the purchasing power of their employees when transferred abroad and to assess local expatriate housing allowances. Istanbul is ranked 142nd city in the cost of living survey (Mercer 2017), which means a low-cost urban life awaits you at the crossroads of Europe and Asia.
Strategically located between key markets in Europe, the Middle East, Russia and Central Asia, the entrepreneurial ecosystem in the city is dynamic, high potential and fast growing, thanks to its young, educated, and risk-taking workforce as well as amply incentive schemes.
|1. Rapidly growing domestic market|
|2. Mature and dynamic private sector|
|3. Leading role in the region|
|4. Liberal, secure & incentivized investment environment|
|5. Supply of high quality and cost-effective labor force|
|6. Institutionalized economy and customs union with EU countries|
|7. Developed infrastructure|
|8. Competitive tax system|
|403,040 Companies Registered in Istanbul Chamber of Commerce
Istanbul Chamber of Commerce (April - 2018)
Union of Chambers and Commodity Exchanges of Turkey (2017)
|Housing Sector Comes #1 with 34,933 Companies
Istanbul Chamber of Commerce
(April - 2018)
|36,653 Companies with Foreign Partners
(61% of Turkey)
Ministry of Economy
(February - 2018)
|US$16 bilion Budget of incentivized investments since 2015||1,523 # of incentives Certificates Issued in İstanbul||79k Jobs created Through Inventivized Investments|
|Source: Ministry of Industry and Technology - 2018|
A city’s quality of living standards is certainly an important element for employers & employees to consider. Istanbul converts itself into a vibrant and limitless city with its countless opportunities and cultural background. The art and culture are so rich in the city that it offers ample choices for social activities.
Istanbul enjoys being among the safest cities in the World. The Safe Cities report released by the Economist Intelligence Unit is based on an index composed of more than 40 quantitative and qualitative indicators. These indicators are split into four thematic categories: digital security; health security; infrastructure safety; and personal safety. Istanbul becomes
Another Index is released about Crime rates of the cities by