ISTANBUL (April 2026) — The number of Iranian-capital companies established in Türkiye surged sharply in March, rising by 117% compared to the same month last year, according to official data released by the Union of Chambers and Commodity Exchanges of Türkiye.
The increase came during a period marked by heightened geopolitical tensions linked to the ongoing U.S./Israel–Iran conflict, drawing attention to shifting investment patterns in the region.
Sharp Monthly Increase
In March alone, a total of 37 Iranian-partnered companies were established in Türkiye, including 3 joint-stock companies and 34 limited liability firms.
This marks a significant jump from 17 companies recorded in March of the previous year, representing a 117% year-on-year increase.
First Quarter Growth
The upward trend is also reflected in first-quarter figures. Between January and March, 109 Iranian-capital companies were established, up from 64 during the same period last year—an increase of around 70%.
Iranian investors ranked second among foreign nationals establishing companies in Türkiye during this period, following Syrian investors.
Broader Foreign Investment Trends
Overall, 827 foreign-capital companies were established in Türkiye in March. Of these, 37 had Iranian partners, while Syrian investors accounted for the largest share with 427 companies.
The majority of these companies operated as limited liability firms and were concentrated in sectors such as wholesale trade, construction, and retail intermediation.
Context: Regional Instability
The notable increase in Iranian business activity in Türkiye coincided with a period of intensified regional instability, particularly involving tensions between Iran and the United States and Israel.
Analysts suggest that Türkiye’s geographic proximity, economic infrastructure, and relatively accessible business environment may be attracting Iranian investors seeking stability and international market access.
Mixed Domestic Business Indicators
Despite the rise in foreign-backed companies, overall business formation in Türkiye showed mixed signals in March. The total number of newly established companies declined compared to February, while company closures increased during the same period.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök