Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 16 NOVEMBER 2008

Foreign Banks’ Representative Offices

Hergüner Bilgen Üçer Attorney Partnership
Hergüner Bilgen Üçer Attorney Partnership
Contributor
Hergüner Bilgen Üçer Attorney Partnership

Hergüner Bilgen Üçer Attorney Partnership

Since 1989, Hergüner Bilgen Üçer has been recrafting the Turkish law firm model along modern...

View firm profile
Explore more from Hergüner Bilgen Üçer Attorney Partnership

On 1 April 2008, the Banking Regulatory and Supervision Agency (the “BRSA”) published the Communiqué on Procedures and Principles related to Activities of Representative Offices Established in Turkey (the "Communiqué").

TurkeyGovernment, Public Sector
Author LinkedIn connections

On 1 April 2008, the Banking Regulatory and Supervision Agency (the "BRSA") published the Communiqué on Procedures and Principles related to Activities of Representative Offices Established in Turkey (the "Communiqué"). The Communiqué addressed several questions on the reporting obligations and permissible activities of the representative offices of foreign banks (the "Rep Offices").

Banking Law No. 5411 (the "Law") and the Regulation on Transactions Subject to Approval and Indirect Ownership of Banks (the "Regulation") were amended in April 2008. In general, the Law and the Regulation establish the incorporation process and the scope of activities of representative offices. As an adjunct to the Law and the Regulation, the main principles regarding the operations of the Rep Offices were adopted in accordance with the provisions and instructions of the BRSA.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

New MASAK Rules Require Urgent Reporting For UN-Listed Persons And Raise Simplified Due Diligence Thresholds

The two changes pull in opposite directions within the same know-your-customer framework: one tightens controls for specific persons, the other widens the room for lighter checks in low-risk transactions. Banks, payment and e-money institutions, insurers, pension companies and other obliged parties under Law No. 5549 on the Prevention of Laundering Proceeds of Crime will need to address both at once.
TurkeyGovernment, Public Sector
ASY Legal
ASY Legal
Article

Foreign Investment And Legal Due Diligence In Türkiye 2026

This article considers the legal due diligence required for a foreign investment in Türkiye, from the choice of corporate structure to ongoing operations and exit. It examines foreign ownership, capital requirements, corporate documentation, incentives, property acquisition, employment authorisation, investment reporting and dispute resolution. The statutory framework and the judicial authorities discussed in the manuscript are considered alongside the practical allocation of responsibilities between advisers.
TurkeyGovernment, Public Sector
ONGUR & PARTNERS
ONGUR & PARTNERS
Article

Kanuni Faiz Oranı Değiştirildi!

Cumhurbaşkanı tarafından belirlenen gecikme zammı oranı ile Hazine ve Maliye Bakanlığı tarafından belirlenen tecil faiz oranları bakımından Merkez Bankası tarafından belirlenen reeskont işlemlerinde için geçerli iskonto oranı ile avans işlemleri için geçerli olan faiz oranının dikkate alınmamasını daha önce eleştirmiştim. Bence tüm mevzuatlar gereğince uygulanan faiz oranlarının birbiriyle uyumlu olması gerekir!
TurkeyGovernment, Public Sector
BDO TURKIYE (DENET YEMINLI MALI MUSAVIRLIK A.S.)
BDO TURKIYE (DENET YEMINLI MALI MUSAVIRLIK A.S.)
Article

Significant Amendments Introduced To The Planned Areas Zoning Regulation

The Regulation Amending the Zoning Regulation for Planned Areas (“Regulation”), published in the Official Gazette dated 1 July 2026 and numbered 33297, introduces several amendments to the Zoning Regulation for Planned Areas. The amendments include significant changes concerning construction license procedures, construction co-efficiency calculations, elevator requirements, modification works in existing buildings and the conversion of certain office buildings into residential use.
TurkeyReal Estate and Construction
Hergüner Bilgen Üçer Attorney Partnership
Hergüner Bilgen Üçer Attorney Partnership
Article

Competition & Trade Quarterly Bulletin - 2026 - Second Quarter

This issue of the Competition & Trade Quarterly brings together the two parts of the bulletin. The competition section reviews eleven Turkish Competition Board decisions and announcements published during the second quarter of 2026 — merger control and joint-control assessments, conditional clearances secured through commitments, interim measures in the food sector, information exchange in labour markets, digital-platform commitments, and the criminal dimension of an ongoing cartel file.
TurkeyAntitrust/Competition Law
Hergüner Bilgen Üçer Attorney Partnership
Hergüner Bilgen Üçer Attorney Partnership
Article

Aircraft Financial Leasing Expected To Boom

With the number of increasing tourists expected to visit Turkey in the near future, the increasing number of airlines offering domestic scheduled flights, and the effects of a growing Turkish economy resulting in an increasing demand for air cargo transportation, the need for aircrafts in Turkey is on the rise. Currently, there are 17 licensed airlines with a total number of 212 aircraft (17 of which are for cargo transportation) and 49 licensed air taxi operators registered in Turkey. For airli
TurkeyTransport
Hergüner Bilgen Üçer Attorney Partnership
Hergüner Bilgen Üçer Attorney Partnership