The Expat Suite, which was founded by Capital, has 160 members drawn from foreign executives working in Turkey. In recent months we have conducted a survey that demonstrates that attitudes of these select global businesspeople to Turkey and the Turkish business world... The results of our survey, which was answered by 82 members of the Expat Suite, are striking.
More than 75 percent of the expats working in Turkey have ten years or more business experience. Almost 40 percent are taking Turkish lessons. They enjoy the social life and restaurants of Istanbul. They find that the lifestyle of the city is no different to that in the leading capitals of Europe. But they have been surprised by companies’ shortcomings in terms of corporate institutionalization and the excessive number of procedures. They are concerned about the political tensions. They don’t expect
to be in Turkey for a long time.OVER the last ten years, Turkey has been on a rising trend in terms of attracting foreign investors. This acceleration has resulted in both an increase in the number of foreign companies in the country and a rise in the number of foreign executives. It is not just the presence of foreign investors. The desire of companies in Turkey to be major players in the international arena has also increased the interest in foreign executives.
Many companies, from LC Waikiki to Casper, Kibar Holding and Yıldız Holding, which are trying to become more influential in the global arena today employ foreign executives in different positions. They are entrusting their important operations to foreign executives with experience in international companies. According to data from the Ministry of Labor, in the last eight years the number of foreigners who have received work permits has risen 4.5 fold.
Experts estimate that the number of expat specialists and executives who are working in Turkey is around 15,000. When their families are included, the expat population in Turkey is around 45,000. So who are these expats? What is their background in terms of business experience? How many years have they been in Turkey, where do they live and what do they think of the country where they are living. The Expat Profile survey provides the answers to all of these questions.