As one of the fastest growing economies in the world, Turkey offers a dynamic business environment and a wide range of investment opportunities. Especially the close trade relationship between Germany and Turkey significantly influences this emerging market.
Germany is by far the most important trade partner of Turkey. In 2011, nearly ten percent of Turkish goods were exported to Germany, followed by Great Britain, Iraq, Italy and France. With respect to imports, Germany ranked second after Russia with a share of almost ten percent of imported goods.
Likewise, Turkey became an important business location for German investors. Due to its geographic location between Europe and Asia, Turkey offers excellent export opportunities. Since 2011 a new double taxation convention between Germany and Turkey further alleviates investing in Turkey. This new convention reduces barriers in cross-border trade and further strengthens the German-Turkish business relations.
"The Turkish/German Business Group offers tailored solutions for German and Austrian investors in Turkey as well as in Germany.. It helps its clients with all kinds of problems and questions regarding their business activities in Turkey," says Adnan Akan, leader of the Turkish/German Business Group.
The Turkish/German Business Group was established in 2005 and is being run by professional teams from the Assurance, Advisory and Tax lines of service in Istanbul and in Düsseldorf. Offering integrated solutions from all PwC service lines our experienced experts will accompany and coordinate your investments in Turkey. We help you to pave the way for successfully conducting business in Turkey’s complex business and regulatory environment.