has a well-developed investment fund industry
due to the legislation which defines several types of funds that can be established here. Moreover, foreign investment funds are also allowed to trade on the Turkish capital markets, provided that they sell their assets in the Turkish national currency and meet the criteria of the Capital Markets Board (CMB) which is in charge with the approval of all types of investment funds, including hedge funds
are only available to professional investors or wealthy accredited individuals in Turkey
, as these types of funds have complex portfolio and are subject to higher risks. Our company formation agents in Turkey
can offer information on the legislation applicable to hedge funds
Types of hedge funds in Turkey
, hedge funds
are similar to mutual funds and can be separated into type A and type B funds. While type A funds must invest a minimum 25% of their assets in equity, type B funds are not subject to these criteria. Also, type A hedge funds
must only invest in equity traded by Turkish companies
. Our company registration consultants in Turkey
can offer more information on the criteria to be met for establishing a hedge fund
How to set up a hedge fund in Turkey
Hedge funds in Turkey
can be set up as open-ended investment company. The regulations to be followed by the fund will be stated in its statutes which will contain:
- the hedge fund’s internal regulations;
- the management of the fund;
- the terms and conditions for investing in the fund;
- the Net Value Asset (NAV) calculation.
The Turkish hedge fund’s statutes will be submitted with the CMB for approval.
Why open a hedge fund in Turkey?
About 60% of the investment funds established in Turkey
at the moment are set up by accredited investors mostly due to the fact that in 2013 the CMB enabled a new law which provided for the promotion of hedge funds
in the media, including the social media which has attracted a great number of investors. Turkish hedge funds
also benefit from a corporate tax exemption
since 2002, which is another good reason for setting up this type of fund.
Our accountants in Turkey can offer you a series of services, with the help of which you can implement the correct procedures related to taxation and accounting. Payroll, bookkeeping, annual financial statements, audits, and tax registration are some of the aspects we can take care of for your company. You also have our support for human resources management, so don't hesitate to contact us to find out as much information as possible about this field.