Investment framework and opportunities in Türkiye

Procedures Relative to Foreign Investment

Freedom of Establishment: There are no general limits on foreign ownership or control. However, there is increasing pressure in some sectors for foreign investors to partner with local companies and transfer technology, and some discriminatory barriers to foreign entrants, on the basis of “anti-competitive practices,” especially in the information and communication technology (ICT) sector or pharmaceuticals.
Acquisition of Holdings: Foreign investments are not restricted and a notification is made to the General Directorate of Foreign Investments after completion of the transaction.
Obligation to Declare: The Capital Markets Law is the primary legislation governing public companies. This law also applies to public M&As, together with the Turkish Commercial Code. Takeover and merger rules are regulated and supervised by the Capital Markets Board, which is authorised to conduct investigations, request information and apply sanctions for non-compliance.
Competent Organisation For the Declaration: Capital Markets Board
Requests For Specific Authorisations: If the target is active in a regulated sector (such as telecommunications, energy, banking and financial services), approval from that sector's regulator may be required.
In sectors considered to be strategic - such as petroleum, media (radio and TV) and tourism - acquisitions are limited to a certain amount (law n° 6326 of 1954).

Investment Aid Agency
Tenders, Projects and Public Procurement: Tenders Info, Tenders in Turkey
Globaltenders, Tenders & Projects from Turkey
DgMarket, Tenders Worldwide: Turkey
Other Useful Resources: Istanbul Chamber of Commerce

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