Booming economy; more than tripling its GDP, reaching USD 800 billion in 2014, up from USD 231 billion in 2002 (TurkStat)

Stable economic growth with an average annual real GDP growth rate of 4.7 percent between 2002 and 2014 (TurkStat)

Promising economy with a bright future as it is expected to become one of the fastest growing economies among the OECD members during 2014-2016 with an average annual real GDP growth rate of 3.6 percent (OECD, February 2015)

16th largest economy in the world and 6th largest economy compared with the EU in 2013 (GDP at PPP, IMF WEO)

Institutionalized economy fueled by USD 144 billion of FDI in the last decade (CBRT)

A dynamic and mature private sector with USD 158 billion worth of exports and an increase of 250 percent between 2004 and 2014 (TurkStat)

A population of 77.7 million (2014, TurkStat)

Largest youth population compared with the EU (Eurostat)

Half the population under the age of 30.7 (2014, TurkStat)

Over 29.2 million young, well-educated and motivated professionals (2014, TurkStat)

Increasing labor productivity

Approximately 610,000 students graduate annually from over 183 universities (2012, Student Selection and Placement Center-OSYM)

More than 700,000 high school graduates with around half from vocational and technical high schools (2012, TurkStat)

Corporate Income Tax reduced from 33 percent to 20 percent

Tax benefits and incentives in Technology Development Zones, Industrial Zones and Free Zones, including total or partial exemption from Corporate Income Tax, a grant on employer’s social security share, as well as land allocation

R&D and Innovation Support Law

Incentives for strategic investments, large-scale investments and regional investments

Customs Union with the EU since 1996 and Free Trade Agreements (FTA) with 20 countries (Ministry of Economy)

More FTAs underway

Accession negotiations with the EU

An important energy terminal and corridor in Europe connecting the East and the West

Located at a close proximity of more than 70 percent of the world’s proven primary energy reserves, while the largest energy consumer, which is Europe, is located right to the west of Turkey, thus making the country a linchpin in energy transit and an energy terminal in the region

The second biggest reformer among OECD countries in terms of its restrictions on FDI since 1997 (OECD FDI Regulatory Restrictiveness Index 1997-2012)

Business-friendly environment with average of 6 days to set up a company, while the average in OECD members is more than 11 days (World Bank Doing Business Report 2014)

Highly competitive investment conditions

Strong industrial and service culture

Equal treatment for all investors

Around 41,397 companies with international capital in 2014 (Ministry of Economy)

International arbitration

Guarantee of transfers

Kazakhstan occupies 41 place out of 189 countries in World Bank’s “Ease of Doing Business” index

Kazakhstan occupies 69 place out of 178 countries in terms of World Bank’s “Index of Economic Freedom” index

Kazakhstan has the largest and strongest performing economy in Central Asia

Supported by rising oil output and prices, Kazakhstan’s economy grew at an average of 8% per year over the past decade

Kazakhstan was the first former Soviet Republic to repay all of its debt to the International Monetary Fund, seven years ahead of schedule

Kazakhstan is ranked 25th and 30th in the transparency of government policymaking per the World Economic Forum’s “The Global Competitiveness Report 2015-2016”

Kazakhstan has experienced solid GDP growth in the past years

International investors and companies doing business in Kazakhstan enjoy the benefits of its reformed and effective labor market. Taking up the 18th position in the World Economic Forum’s “The Global Competitiveness Report 2015-2016”, the country also ranks 22nd in the remuneration of labor and labor productivity.

Investors who have entered into an investment contracts for the implementation of priority investment projects, have the right to hire foreign professionals without quotas and permits.