IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 15 Feb 2011 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On 15 February 2011 the Turkish Government have passed law no. 6112 amending the law no. 3984. The new regulation increases the foreign ownership ceiling for radio and television enterprises to 50% of available shares, up from a 25% limit.
Furthermore, foreigners are now allowed to hold shares in a maximum of two (rather than one) such enterprise.
Finally, a condition has been added stating that if foreign companies hold indirect shares in broadcasting enterprises the chairman, the vice-chairman, the board of directors and the general manager of such broadcasters shall be Turkish citizens (Article 19f in chapter Six). 
 

AFFECTED COUNTRIES

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