Real Estate in Turkey Important Information About the Turkish Economy | Page 2

 Reducing the protection policy
 Giving freedom to circulate transactions in hard currency.
 The volume of trade and its external structure has also undergone a major
transformation in the recent period, as a result of the economic reforms implemented.
Turkey's foreign trade volume reached 351 billion dollars in 2015, exports amounted to 144
billion dollars and the volume of imports reached 207 billion dollars. Turkey aims to raise the
volume of exports in 2023, which coincides with the 100th anniversary of the establishment of
the Turkish republic to 500 billion dollars.
Foreign investments: Turkey's successful economic performance and its young people, the
provision of skilled labor and the free economic environment, its advanced infrastructure, its
strategic geographical position, low taxes and incentive policies, its extensive internal markets
and the customs union with the EU provide foreign investors with unparalleled investment
opportunities.
How did Turkey become an important economic site full of investment opportunities during
the last ten years?
 Arranging and amending laws that grant foreign investors the same rights and duties
granted to Turkish investors.
 Taking action to improve the tax system, adopt successful privatization policies and
programs.
 The safe environment for foreign investors is available, such as that available to Turkish
investors.
 Establishing an appropriate legal infrastructure for foreign investments in the country.
 Removing the bureaucratic restrictions and obstacles that slow the investment process.
All of this has made Turkey one of the most important and attractive investment centers in the
world. Since the end of 2015, more than 46,000 foreign capital companies have been operating
in Turkey, 916 foreign companies have representative offices in Turkey as the total Direct
foreign investments in Turkey during the first ten months of 2015 has reached more than $ 165
billion.
The unique and unrivalled feature of Turkey's trade and direct foreign investment is its position
as an open gateway to Europe, the Middle East, North Africa and Central Asia,
where Istanbul can be reached from more than 50 countries within four hours by air, about a
quarter of the world's markets can be contacted in the same period.
Real Estate Istanbul
Privatization is the top priority of the governmental programs in Turkey:
The main objective of the privatization process is to limit the role of the state in the health
sector, basic education, social protection, national defense and large infrastructure investments.