Standardized Property

Property Value: 

TL  629,667.49

City:  Istanbul

Procedure 1

Execute and notarize articles of association, signature declaration of the managers, copies of each manager’s identity card or passport and commercial books.

Time to complete(days): 1

Cost to complete: Articles of Associations 900 TL.

Overview

Overall, Turkey has a relatively free market for trade in goods and services as a result of liberalization measures introduced over the past two decades. Turkey follows basic WTO rules to regulate imports and tariff structures and has adopted the European Union (EU)'s common customs tariff for imports from third countries. Turkey signed a customs union with the EU in 1996, eliminating all duties and charges on goods imported from EU member countries, excluding services, public procurement and unprocessed agricultural products. Turkey has signed free trade agreements with various countries and extends preferential treatment for least developed countries and some developing countries.

Official Language: Turkish Local Currency: Turkish Lira (TL)

Number of Pay Periods: 12 Fiscal Year: 1 Jan – 31 Dec