Following to the Presidential Decree No. 85 which imposes
restrictions on foreign Exchange contracts, there have been many
discussions on contract types allowed to be made in foreign
exchange in Turkey. This article outlines bullet points for
companies and individuals whom are party or intend to sign a
foreign exchange contract in Turkey.
In general, the contracts that cannot be made in/indexed to
foreign exchange are as follow:
1. Lease and Sales Contracts regarding real estate located in
Turkey
Exceptions:
Contracts in which the following persons are parties to as buyer
or tenant; (i) non-citizen residents (ii) the companies in which
the non-residents hold minimum 50% of the shares,
non-resident's branches, representation offices, offices,
liaison offices (iii) companies that are located in free zone
