Turkey has a good reputation in the field of trade around the world, so opening a store in Turkey selling different products can have a profitable start in the Turkish market.
Opening a store in Turkey is one of the most popular ways to start a business and earn money in Turkey, which of course requires a series of legal steps for foreign citizens.
If you are planning to immigrate to Turkey and open a store in this country, then join us to share with you complete information on how to open a store in Turkey.
Types of stores in Turkey
You can buy different types of stores in Turkey, depending on what you aim for.
Below we will mention the different types of stores in Turkey:
Buying a pre-opened store in Turkey
You can buy a pre-opened store to avoid the hassle of starting a business from the beginning, this method is called turnkey business in Turkey.
The most important thing in using this method is to take into account the previous income and sales of the store and whether it was profitable for you to purchase it.
Buying a Franchise for a Store in Turkey
In this way, you can buy a reputable brand in Turkey, this is called franchising.
There are many benefits of buying a franchise business in Turkey, the most important of which is that you can get good profits, just try to be a good and smart trader.
One thing to keep in mind is that a percentage of each store’s sales go to the primary company, and the cost of franchising from reputable brands is high.
You can review this detailed article about buying a franchise business in Turkey.
Opening a store from scratch in Turkey
Finally, you can start a business from scratch, but this method has many difficulties compared to the previous two methods.
You need to manage various aspects of the business, including marketing, equipping your store with the most appropriate merchandise, hiring a workforce, as well as promoting your business.
You need patience, experience and perseverance, and you cannot expect high profits quickly, however many people prefer to use this method because they can start their own business with their own plans and have complete control over it.
On the other hand, in many cases you may not be able to find the store you are looking for ready to sell, and you need to start from scratch.
What is the most appropriate and best type of store?
Choosing any of the above methods for setting up a store in Turkey depends on your financial situation and the type of business you intend to do.
You have to do the necessary and thorough research on each of these methods, and cannot be sure that buying a ready-made store means that you will achieve high profits.
Although obtaining a commercial franchise from famous brands can be a good option, famous brands require a large amount of cash in exchange for franchising.
Finally, when setting up a store from scratch, you will need basic information and expert advice to be able to succeed, but you have to keep in mind that you will not start generating good income quickly.
The necessary steps to open a store in Turkey
Many people prefer to open their own store from scratch in Turkey and start their business in this country in various fields.
The first step in this process is to choose a suitable location to open the store and what kind of customers you are targeting and in which city.
To do this, you need to know enough information about different regions of Turkey and evaluate the sales market in them so that you do not lose money after opening the store.
Once you have decided on the type and location of the shop, you must apply for a work permit in Turkey from the Ministry of Labor, and then you will need to obtain a tax number for the shop in Turkey.
After receiving the tax number, you have to go to the tax office to get the company registration certificate and register your company’s financial statement accordingly.
In continuation of this process, you have to register your company in the trade newspapers, and finally refer to the municipality of the region or province.
Regardless of the size and scope of the store, foreign investors who plan to open a store in Turkey must apply for a retail license and provide information about the manufacturers of the goods they intend to sell.
For example, there are special licenses to sell cosmetics and over-the-counter products, where investors wishing to sell these items must apply for a license.
The most important thing to consider when starting a business in Turkey, as one of the ways to invest in this country, is that it can be a winner or a loser, and it totally depends on your experience and the people who accompany you on this journey.
For this reason, it is recommended to use the advice of specialized agencies in registering a company in Turkey, especially in cases where you intend to obtain Turkish citizenship, and most importantly to transfer the capital to Turkey you will need a knowledgeable and reliable consultant.
Finally, registering a company in Turkey does not take a long time, between 1 and 3 weeks.
The costs of opening a store in Turkey
One of the most important issues that you need to plan properly is the costs of opening a store in Turkey.
You need to know how much capital you can start your business with, if you can’t manage your money and budget, you will likely fail quickly.
To start a business and set up a shop, restaurant, cafe or anything else, you must first register a company in Turkey and then buy or rent a suitable place to start your business.
Also, hiring an accountant in Turkey is mandatory for the employer, and all of your company’s financial work must be done by the company’s accountant.
The cost of registering a company in Turkey is about 10,000 TL, in addition to this, you should consider the cost of renting or buying a property.
The price of buying or renting a store in Turkey varies in different cities and regions, for example in the most important cities of Turkey, Istanbul, there are many regions, each of which offers different prices for buying or renting a store according to its location and conditions.
For example, Sisli, Beyoglu and Besiktas districts in Istanbul are known as the most crowded areas, due to the large commercial markets in these areas, the prices of their stores are a lot higher than other areas.
The conditions surrounding the store, the higher the sales forecast, and the higher the rental price.
But you may not easily be able to find empty stores in the crowded neighborhoods of major Turkish cities like Istanbul, because in these neighborhoods where there are shopping centers, the stores are usually all occupied and have profitable businesses.
However, if you can find the right store to buy or rent, be aware that in addition to the factors mentioned above, there are many other factors such as the age of the building that also affect its price.
Investors who intend to buy a store in Turkey and start their own business, in addition to the initial capital, must have sufficient information about the steps for registering a company and the costs of opening a store.
And you should consider whether the store’s income is at least equal to the amount of capital you will spend on it.
Finally, keep in mind that without having enough information to start a business, especially in a foreign country, you may encounter unexpected problems that require high costs to solve.
For this reason, asking expert consultants in this field for access to the latest information can be very important in managing the cost of opening a store in Turkey.