Published On: Wed, Mar 2nd, 2011

Exchange Rate Regime

Turkey has a very liberal exchange control regime. The protection of the value of the Turkish currency legislation guarantees the free transfer of profits, fees and royalties. The transfer of profits, dividends, proceeds of sale and liquidation, license, know-how, technical assistance fees, repayment of loans and interests is unrestricted.

Turkish Lira is fully convertible. The supply of foreign exchange is not limited and banks may open foreign exchange deposit accounts for both the residents and the non-residents. Principal and interests of non-residents can be transferred through the investor’s bank. Non-residents may sell and buy securities at the Istanbul Stock Exchange, without being subject to any limitation and/or approval.

Analytics Made Easy - StatCounter

Pin It