Seeking to satisfy its hunger for foreign investment and research/development projects, Turkey made a new step further to minimize the costs of company establishment process. The notarization requirement -for the articles of association and signature declaration of the founders- has always been a major cost item. Such conditions have also been slowing down the incorporation…
Capital Markets Authority has amended the Communiqué no.III/48.1 regarding Real Estate Investment Partnerships. As per the amendment: The portfolios, composed exclusively of infrastructure investments, shall establish the requisite organisation within 2 years from the incorporation date. If the real estate partnerships (RIPs) -which own portfolios that are composed exclusively of infrastructure investments- are operating under…