Shops & Retail Outlets Business Setup In Turkey
Foreign investors interested in starting a business in Turkey can choose to open shops through which they can sell various products or services. Before opening a store in Turkey, one must know that the government enabled a new Retail Law in 2015 which covers most of the products sold in this country. The new regulations apply to Turkish stores selling fast-moving consumer products, electronics, foodstuff and even textiles. Also, all shops operating in the country must be registered with a new electronic information system, called PERBIS.
Our lawyers in Turkey can offer full information on the new Retail Law.
Our Expert Team & our Lawyers can offer full information on the new Retail Law.
What types of shops can one open in Turkey?
Turkey is made of both large cities and small towns; therefore there are plenty of choices when setting up a store here. The amount the investors are willing to use to create the business is also important, which is why the most common types of shops are established in Turkey are:
- Sole proprietorships which usually sell handmade items;
- Small convenience and grocery shops;
- Chain stores;
- Super and hypermarkets.
Franchises are also an option for those seeking to open a store in a Turkish mall.
No matter the type of shop one decides to open, it is advisable to request the legal advice of Expert Team & lawyer in Turkey in order to make sure all compliance requirements are met.
The retail industry in Turkey
Numbers indicate Turkish shops have registered a 28.5% increase in their income number during the last several years and further forecasts point to the fact that retail will register “a healthy growth” in the years to come.
Registering a store in Turkey
For full information on the legislation imposed to stores and assistance in setting up a shop, please contact our Turkish law firm.