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ARTICLE · 04 FEBRUARY 2015

Turkey Imposes New Rules For Retail Trade

On January 29, 2015, Turkey enacted the Law on Regulation of Retail Trade, regulating the establishment, operation and auditing of retailers.

TurkeyCorporate/Commercial Law

Recent developments

On January 29, 2015, Turkey enacted the Law on Regulation of Retail Trade, regulating the establishment, operation and auditing of shopping malls, retail dealers, department stores, chain stores, artisans and craftsmen ("Retailers"). Retailers have one year and, in some instances, up to two years, to bring their operations into compliance.

What's new

Retail Information System: PERBIS

The Ministry of Customs and Trade will establish a new retail information system, Perakende Bilgi Sistemi ("PERBIS"), to manage Retailers' workplace opening and operation licensing applications and create a database for Retailers.

Applications for workplace opening and operating licenses may either be made directly to the municipality, provincial special administration, or other administrative body entitled to grant workplace opening and operation licenses ("Licensing Authority"), or through PERBIS.

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