Benefits and Difficulties of Choosing a Location for Business Expansion in Northern Ireland vs. Turkey

This presentation compares the benefits and challenges of expanding a business in Northern Ireland vs. Turkey. It analyzes the costs, infrastructure, education system, and other factors that businesses need to consider when choosing a location for expansion. The presentation concludes that while Turkey poses several challenges, it can be a better location in terms of further business opportunities.

Benefits and Difficulties of Choosing a
Location

• Business expansion in either Northern Ireland or
Turkey.
• Analysis on which country offers viable options for
expansion
• Cost required for expansion activities

Northern Ireland vs. Turkey
• Compared to this, Northern
Ireland has been the most
disadvantaged region in
United Kingdom in terms of
attractive growth.
Turkey offers long- term scopes compared to Northern Ireland.
Turkey is undergoing major transformation in terms of
expanding economy, excellent geographical position, increasing
middle class consumers.

Benefits of Business Expansion in Turkey:
• The growing market of Turkey encourages more
than 1000 American firms to make an entry.
• Adoption of European business standards and
regulations
• Enables foreign investment.
• New products and services.
• Located centrally and caters to a large domestic
market.

Challenges of Business Expansion in
Turkey
• Following procedures for navigating oversees firm.
• Depositing a certain portion of their capital to
Competition Authority account on execution of the
articles of association (Alp et al. 2012).
• File a form of incorporation notice, having a notary
certification for the legal books follow up activity
with the tax office
• Complex bureaucracy, turbulent politics, regional
instability , various terms and conditions

Cost• Infrastructure
• Costs related to
infrastructure.
• Labor cost,
equipment cost,
taking care of
energy and
telecommunications
infrastructure.
• Cost for
transportation.

Web Access
• There are also challenges in getting electrical
connection that takes more than 70 days. Therefore,
web access becomes a challenging task without
electricity.

Education system
• The cost of the education system depends on the various
factors like course chosen, location and the fact whether the
university funded by publicly or privately.
• For graduate programs of Turkish nationals in state
university where the medium is Turkish, the cost may vary
from100 – 200 USD and for foreign nationals it is between
300 – 600 USD.
• Similarly, the cost in university where the medium is English
the Turkish national have to pay 200 – 300 USD whereas for
foreign nationals the range varies from 600 – 900 USD.
• The cost for foundation universities ranges from 5.000 –
20.000 USD

• The report therefore concludes in the light that
though Turkey poses several challenges but it can be
a better location in terms of further business
opportunities. The benefits that Turkey offers are
excessively effective in driving a business ahead.

Reference List
• Alp, H., Baskaya, Y.S., Kilinc, M. and Yuksel, C.,
2012. Stylized facts for business cycles in Turkey.
Central Bank of the Republic of Turkey. Working
Paper, (12/02).
• Buğra, A. and Savaşkan, O., 2014. New capitalism
in Turkey: The relationship between politics,
religion and business. Edward Elgar Publishing.