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ARTICLE · 22 MARCH 2013

Angel Investment System In Turkey

Moroglu Arseven
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The legal framework of the Turkish angel investment system is regulated by Articles 10 and 14 of the Code numbered 6327 Amending the Individual Pension Savings and Investment System Law and Certain Laws and Statutory Decrees.

TurkeyFinance and Banking
Moroğlu Arseven
Moroğlu Arseven
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I. ANGEL INVESTMENT SYSTEM IN TURKEY

The legal framework of the Turkish angel investment system is regulated by Articles 10 and 14 of the Code numbered 6327 Amending the Individual Pension Savings and Investment System Law and Certain Laws and Statutory Decrees ("Code numbered 6327"). The Regulation on Angel Investments ("Regulation") was adopted for the purposes of applying and implementing the Code numbered 6327. The Undersecretariat of Treasury is competent to implement, apply and audit this new system and relevant regulations.

The main rationale behind taking such legislative initiative is to fill the gap experienced by small enterprises in accessing financing sources. It is a well-known fact that due to the high level of risk involved in start-up or growth phases, small enterprises experience hardship and difficulties in terms of finding eligible financing and borrowing sources which will support their growth. The financial sources for new ventures are

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