Investment regulation – Turkey
Holding restrictions
There are no holding restrictions on foreign portfolio investments in the Turkish market.
However, Turkish capital markets legislation does not recognise the nominee concept. Foreign investors are required to obtain a Turkish tax ID in order to meet their Turkish tax obligations. One tax ID must be obtained for each beneficial owner.
Note: Turkish residents or individual final beneficial owners are not entitled to hold fixed income securities issued by the Turkish Treasury, such as:
- Government bonds;
- Treasury Bills;
- Public lease certificates (SUKUKs);
- Gold bonds;
- Gold indexed public lease certificates.
Disclosure requirements
For details of the local domestic disclosure requirements, please refer to the Disclosure Requirements - Turkey.