1 May 2018
Turkey’s Council of Ministers has now ratified a European convention to amend the Common Transit Procedure Convention (“Convention”). The recent decision ratifies decision number 1/2016 by the EU-EFTA Joint Committee on Common Transit dated 28 April 2016 into Turkish […]
26 Apr 2018
Turkey has announced working procedures and principles for the Foreign Economic Relations Board (“Board)”. The Board’s purpose is to support foreign economic relations, including foreign trade, international investments, contracting and logistics, as well as supporting the private sector to […]
26 Apr 2018
Turkey has amended various aspects of company establishment procedures, aiming to accelerate the process. Accordingly, some authorities and approvals which previously sat with public notaries have now been transferred to commercial registries. Public notary approval has also been revoked […]
19 Apr 2018
The entrepreneur committee or general assembly of Organized Industrial Zones (“Zone”) in Turkey can now allocate parcels of land free of charge, in return for minimum employment commitments from the recipient. Details have been announced for application procedures, determining […]
12 Apr 2018
Turkey’s Revenue Administration recently published rules for the “Interactive Tax Office” (“Online System”), which allows taxpayers to now conduct a range of tasks and transactions via an online platform, rather than at a physical tax office. Electronic transactions via […]
7 Apr 2018
Turkey has announced principles for industry cooperation projects focused on innovation, localization and technology transfer. These new rules apply to the procurement of construction work, as well as purchasing goods and services. The Regulation on Application of Industrial Cooperation […]
8 Mar 2018
Turkey’s High Planning Council has announced the National Broadband Strategy and Action Plan for 2017 to 2020 (“Plan”). The Plan outlines three strategic goals and 25 actions in the area, with the primary aim being to increase investments in […]
1 Mar 2018
Turkey has introduced procedures and principles for use of fluorinated greenhouse gases, supporting the fight against climate change. The new regime addresses fluorinated greenhouse gases listed in the Kyoto Protocol, linked to the United Nations Framework Convention on Climate […]
1 Mar 2018
Turkey has loosened its rules for bank spin-offs, introducing a new distinction for partial spin-offs and excluding these transactions from the scope of certain rules. Accordingly, partial bank spin-off transactions no longer fall within the scope of the Regulation […]
2 Feb 2018
Turkey has introduced a new legislative regime focused on crowdfunding. It is the first time that crowdfunding structures receive specific attention from Turkish legislators. The regime includes definitions, licensing aspects, as well as the roles of various regulators, as […]
