How to Invest in Turkey (Interview with Istanbul Entrepreneur)

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Join us in this video as Nomad Capitalist visits Erkan, an entrepreneur from Turkey. They discuss the dynamic real estate market, the challenges facing local businesses, and the growth of Turkish manufacturing, while also exploring the evolving landscape of e-commerce, AI, and the impact of high car prices and traffic conditions in Turkey.

00:00 Start
00:31 Real estate market and factors driving value
01:56 Rental investment issues in Turkey
02:24 Challenges for Uber and local businesses
05:52 Car prices and taxes in Turkey
06:55 Traffic conditions in Istanbul
07:29 Growth in Turkish manufacturing
10:55 Turkey’s emerging brand in global markets
13:16 E-commerce opportunities and Amazon’s presence
17:39 AI adoption and investment in Turkey

Nomad Capitalist helps clients "go where you're treated best". We are the world's most sought-after firm for offshore tax planning, dual citizenship, and international diversification and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors.

We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country.

No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't.

DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

[hurolinci]

In Berlin it took 14 years to build an average airport. in Istanbul it took 3 years to build the worlds biggest airport for half the price. Apply this to every other area, after enough time hungry emerging countries will eventually take the top spot.

[krrkrcy]

I spent 2 weeks in turkey And the taxi haggling is the worst of it all. You would have to try 10 different taxi drivers to get a local price. An online payment Uber alternative could fix this

[redshifttrucking]

I remember when Andrew bought an apartment in Istanbul, with good bones, in the city center for remodel. I don't know if we ever saw the finished project, I would like to see it. The apartment had a large terrace, and this filming location made me think of it. Is this filmed on the terrace?

[kagi]

Very interesting, hopefully the real estate prices come to reasonable levels so I can invest in my home country.

[alexbarak]

Erkan is careful. There is one fundamental think he's not telling. It's that Turkey needs to return to business friendly and culturally open course (but not WOKE) that made Turkey successful in the recent past. Turkish products and services, domestically and internationally, were competitive on prices and of decent quality. Among foreigners, retirees, nomads and tourists, Turkey had solid reputation of a friendly, safe, low-cost Mediterranean haven. Not anymore. To become attractive again for business, investment and tourism, Turkey needs to make an Argentina-like business turn and get back to being culturally tolerant and friendly country. Good luck lovely Turkey!

[vmoses]

I like Turkiye but this really is just hype. First - you need economic and fiscal stability, then you need sufficient confidence and optimism to bring back FDI to even contemplate a 'silicon valley' model, then you need the skills/education and most importantly the entrepreneurial mindset to make this a reality. BTW - so many countries in better shape than Turkiye attempted this to no avail. So America's success is not really replicable.

[mateosgago]

Nothing is starting up until Türkiye's wild hyperinflation crisis is addressed. The Lira must be stabilized for anybody to take Türkiye

[PikachuPT]

I lived in turkey for 1 year as a digital nomad, they have beautiful cities like Antalya with all the infrastructure that you would need from a 1st world country. The only thing why I would never go back to Turkey : people are so rude and anti tourist. If you ever buy try to shop where locals shop and don't go to a mall, you are 90% sure to get scammed. They absolutely hate foreigners I've never seen this in another place

[peterdawson]

I'm seeing a lot of reports about hyper inflation

[BenLiona]

The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on the govt. Especially with the current economic crisis around the world. This is still a good time to invest in Gold, silver, and digital currencies (BTC, ETH...

[arshadali]

Turkiye is a little dicey. Members of my family have lost money in property. And even if your property does keep up with inflation (currently running at around 70% annually), getting your money out may be problematic. I like Turkiye -- don't get me wrong -- but given a choice I'd take Georgia next door.

[belstar]

turkey has good things going for it but at least when it comes to online stuff like social media or other things the Turkish government will try to censor and micromanage you. like they blocked wikipedia for a few years over something minor. maybe it is great for manufacturing or non interactive internet services and software

[SuperHani]

certain areas in Istanbul or Bodrum a better buy for long term holding property in Türkiye?

[arose]

I wish to express that you look exceptionally handsome here!

[aegisltd]

Absolutely brilliant video giving great insight into Türkiyé @Andrew Anderson

[Thinkthanker]

Our Turkish friend who is an entrepreneur moved back to Turkey just to have fun! We wanted to buy an investment property, he advised us not to and he didn’t either. He invests in other countries. Also Many parts of Turkey regularly experience earthquakes and tremors. Crime has risen . Turkish people are flocking to other countries including Canada ! Imagine how bad is the situation there that they move to Canada !!!

[vanillacoke]

I think it can be the next Shenzhen, e.g. more of a manufacturing hub as opposed to Markets hub for tech like SV is. But I see where you're going...

[StenellaFr]

despite inflation, turkish economy is flourishing. and property values have increased immensely in dollar terms, recently.

[lexbor]

What people fail to understand - its 21 century and we are more or less in the same boat. So there are no safe places. Today the country is safe and prosperous, in 5 years boom, its turning into shit.... We must unite and fight for our future on this planet or there will not be tomorrow anywhere.

[yosefmacgruber]

No way is a Mercedes worth $150, 000. For that much money, it had better be self-drive, be powered by free-energy technology, be bulletproof, and probably ought to be a self-fly flying car.