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Turkey Facts & Figures

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Turkey Facts & Figures

 
Information Type Turkey Data
Population 81,619,392 (2014 est.)
Gross Domestic Product PPP (GDP) US$1.167 trillion (2013 est.)
GDP Per Capita US$15,300 (2013 est.)
Inflation Rate 7.6% (2013 est.)
Currency Turkish Lira (TRY)
Exchange Rate Versus U.S. Dollar 2.5 liras per U.S. Dollar (2013 est.)
Language Turkish (official), Kurdish, other minority languages
Capital Ankara
Population of Capital City 5.2 million (metropolitan area
Time Zone UTC + 2 (seven hours ahead of Washington DC, during Standard Time)
Seasons Temperate. Hot, dry summers with mild, wet winters. Harsher in interior.
International Dialing Code 90
Electricity 230 V. 50 Hz, Plug C, F
System of Government Republican Parliamentary Democracy
Current Leader President Recep Tayyip Erdoğan (since Aug. 28, 2014)
Income Tax Rate for Residents 15% to 35%
Property Tax 0.1% to 0.6%
Capital Gains Tax 15% to 35%
Inheritance Tax 1% to 10%
Rental Income Tax 5% to 25%
Transfer Tax 2% to 4%
Sales Tax 18%
Restrictions on Foreign Ownership of Property None. Now it’s possible to obtain legal residency through the purchase of real estate
in a
much more straightforward way.
Local Chamber of Commerce https://www.ito.org.tr/tr

Reşadiye street. 34112 Eminönü

Phone: 0212.455 60 00 central

American Chamber of Commerce http://www.abft.net

Tel. 90-212-243-35-11

Primary Exports Apparel, foodstuffs, textiles, metal manufactures, transport equipment.
Residency and Visa Requirements Now it’s possible to obtain legal residency through the purchase of real estate in a
much
more straightforward way.If you wish to reside in Turkey longer than the normal period, you will
need a residence visa.Residence visa is not obtained from this Turkish Consulate General. It should be applied to the
nearest police headquarter in Turkey, before your tourist visa expires.The new law on Foreigners and International Protection which governs residency permits came into
force on 11th April 2014.If you are out of Turkey for more than 120 days in the previous 12 month period your residence permit
will be cancelled on re-entry to Turkey and you must obtain either an e-Visa, or visa on arrival, to
cover your stay until you wish to reapply for a residence permit.
Special Benefits for Foreign Residents or Retirees Still, Turkey is best suited as a part-time retirement option. If you live here more
than
six months of the year, you become liable to the Turkish authorities for tax on your worldwide
income
National Airline www.turkishairlines.com

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