Turkey is among the 20 largest economies in the world and is considered a profitable target by foreign investors.
The Turkish economy is one of the world's fastest growing economies and, based on its sustained and steady growth in the last 12 years, is the 6th largest economy in the European Union and the 16th largest worldwide.
Due to the structural reforms implemented in the last decade and the harmonization of the Turkish legal system with the laws of the European Union, Turkey is now one of the largest markets for foreign direct investment.
A special contribution to Turkey's economic growth is the close cooperation with Germany, which is by far Turkey's most important business and trade partner worldwide. Investments of German and international companies in Turkey are substantial. In view of its geographical location between East and West, Turkey offers excellent exporting opportunities into the Middle East region and Central Asia.
The German legal system turns out to be one of the most complex and comprehensive legal systems in the world. "Doing Better Business in Germany" provides an initial overview and gives readers the information needed to better judge and prepare the demand for tax and legal advice regarding their investment and exporting projects.
Foreign investors need to be aware of certain particulars of the German market. An overview can be found in our brochure "Cross-border Mergers & Acquisitions in Germany - A Transaction Guide for Foreign Investors."
In addition to the legal aspects, the brochure also deals with cultural differences and possible pitfalls that may occur during a transaction.