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ARTICLE · 08 JULY 2022

IFC Law Is Published

Pekin Bayar Mizrahi (in alliance with Norton Rose Fulbright)
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As per the IFC Law in order to operate in the office area, a participant certificate will be issued to the participants by the Presidential Finance Office.

TurkeyFinance and Banking
Senem Golge Yalcin
Senem Golge Yalcin
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Istanbul Finance Center Law ("IFC Law") entered into force on 22.06.2022.

As per the IFC Law in order to operate in the office area, a participant certificate will be issued to the participants by the Presidential Finance Office.
A one-stop office will be established to evaluate the applications such as permits, licenses, and similar approval applications of the participants, as well as the permits and approvals of their employees and their dependents, and to accelerate the application process.

Some advantages of being located in IFC

To begin with, financial services provided by financial institutions located in IFC to non-residents by obtaining a participant certificate are considered as financial service export, provided that the service is ultimately utilized abroad. Accordingly as per the IFC Law,

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