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This Legal Alert seeks to provide information regarding the recent amendments to the "Circular on Capital Movements of the Central Bank of the Republic of Turkey".

Published in the Official Gazette on 25.11.2023, the Presidential Decree No. 7887 dated 24.11.2023, significantly amends the minimum capital requirements for joint stock and limited liability companies in Turkey.

The amounts specified in the capital markets legislation have been re-evaluated for the year of 2024 and thus increased by the decision of the Capital Markets Board of Turkey (the "CMB")...

Due to the significant political and economic developments in the world, there are sudden and hard changes in exchange rates in the recent period.

Agreements falling under the scope of the FX payment ban and that cannot benefit from an exemption must be executed in line with the restrictions.

With the Communiqué on the Amendment of the Communiqué on Compliance with Participation Principles issued by the Banking Regulation and Supervision Agency ("BRSA") and published in the Official Gazette...

The Price Stability Committee (the "Committee") was established by Presidential Decree numbered 74 (the "Decree"), published in Official Gazette dated 30 June 2021, numbered 31527.

A Turkish court might declare concordat when a debtor, who has, or is threatened to be defaulted on his debts, agrees with its creditors on the restructuring of most of his debts.

The Regulation Amending the Insurance Agencies Regulation (the "Amendment Regulation") was published in the Official Gazette on January 22, 2025...

The Personal Data Protection Board ("Board") published the following ten new decision summaries on data controllers operating in several industries, predominantly banking...

The Turkish real estate market, increasingly growing following the economic and political stability maintained in 2005, greatly benefited from the worldwide growth of the real estate market. With new foreign and domestic investors turning their attention towards Turkey, the Government began to analyze suitable investment models and instruments.

The Council of Ministers has recently issued a Regulation on Liability Undertakings to be Performed by the Undersecretariat of Treasury.

Turkey’s struggle as a candidate country to join the European Union ("<B>EU</B>"), has gained stream during the last years. Many reforms have been realized especially in areas underlined in the Regular Report on Turkey’s progress towards accession pertaining to the year 2003 ("<B>Regular Report 2003</B>").

One of the main issues discussed with the International Monetary Fund was the unification of the Social Security Institutions in Turkey.

With Presidential Decree No. 6791 published in the Official Gazette on February 14, 2023, the withholding rate on the amounts deemed to be dividends distributed in relation to the stock buybacks by Turkish resident companies has been reduced to zero.

The Central Bank of the Republic of Turkey recently issued a new regulation which prohibits the use of crypto assets as payments for transactions.

The Communiqué No. 2020/4 on the Procedures and Principles Regarding Fees Banks Can Charge Corporate Clients published on the Official Gazette No. 31035 dated February 10, 2020 ("Communiqué")...

The Basel Committee on Banking Supervision (BCBS) published a consultation document titled "Consolidated Guidelines and Sound Practices (BCBS 608)" on 26 February 2026.