The establishment of the Presidency, Ministry of Finance and AKP staff for Istanbul Financial Center Temel has come to an end. The draft text has been reduced. Regarding what was acquired, it was stated that the financial centers in London were collected as a model. AK Party staff said, “After Russia-Ukraine, this center has become better. It can also be very elegant in the Supply Chain and its meaning. Due to the pandemic, the Far East began to lose its charm. A basic regulation of 15 items is being made. It will attract the minds of investors,” he said.
ASSET FUND SUBSIDIARIES
According to the news of Nuray Babacan from Hürriyet newspaper; offers, exemptions that will take place at the Istanbul Financial Center, and detailed information from the center’s training. The Center will be managed as a subsidiary of the Wealth Fund. According to the regulation, this environmental 75 percent of finance profits will be exempt from tax. 80 percent of personal expenses will be exempted from Income Tax.
Nominal institutions, which are taken from the Istanbul Financial Center region, will be provided with service-oriented services. The operation of the entire and superstructure of the Istanbul Finance Center with special status and its acquisition by the Turkey Wealth Fund are made by the “management companies”. Benefiting from the profession of public servants in the Istanbul Financial Center region to receive training on the relevant education “One Stop Office” will be created.
THERE ARE EXEMPTIONS ON TAXES
Almost all of them are exempt from the tax, which is the export of values service made by institutions with participant certificates. earnings from taxes 75 percent will be downloaded from the institution. Transactions and monies received from these services and transactions will be exempt from Banking and Insurance Transactions Tax. Issues related to the issues about the activities papers will be free from all kinds of problems.
No tax will be applied on the interest and profit payments applied to the types of centers and bonds and rents to be obtained abroad. Renting to use in Istanbul Financial Center for financial leasing, renting to buy, benefiting from the last five years of education 60 percent tier, have at least ten training courses 80 percent It will be exempt from High School Income Tax. The business will be out of leases, Stamp Duty and lands.
SPECIAL LAW RULES
To make selection choices between students and foreigners and in any kind of productions subject to the preferred law that they can apply within the Istanbul Financial Center of their own choice. Those who are not resident in the Istanbul Finance Center will not be able to be used in the project and management, which are not common in the plan.
What will be different for the first time in relation to the person employed will also change. In the center, the Central Bank will be private as well as all public banks. Istanbul Finance Center’s fields of activity, open plan, families, brokerage houses, management management, digital management, economic investment, financing and financing, fund management, financing, private investment, capital, management, insurance and private investments, investment management, insurance and investments, Investment banking, tax law and consultancy firms and green finance.