Turkey's companies to be issued an ID for easing the paperwork and improving transparency

Every Turkish company will be issued a single identification number in a new system to provide objective and tangible criteria to ease paperwork and identify companies that are compatible with the objectives of the new Turkish Commercial Code that came into effect July 1, 2012.The...

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 E-mail article  Print  Save Additional News in English Još vesti na Srpskom Επιπλέον ειδήσεις στα Ελληνικά  Text

Turkey's companies to be issued an ID for easing the paperwork and improving transparency



Balkans.com Business News Correspondent - 11.01.2013

Every Turkish company will be issued a single identification number in a new system to provide objective and tangible criteria to ease paperwork and identify companies that are compatible with the objectives of the new Turkish Commercial Code that came into effect July 1, 2012.

The statistical classification of economic activities, referred as NACE, is a European industry standard classification system that also indicates if a company operates in several sectors, Rifat Hisarcıklıoğlu, chairman of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), said during a press conference announcing the new system. Just as citizens have only one citizenship identification number, now companies will have only one activity code, he said, Hurriyet Daily News report.


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