Foreign exchange is the process of trading currency or documents that substitute money. It covers transactions related to the purchase and sale of cash.

The foreign exchange legislation is the legislation that governs how or in what way the costs of imported or exported goods and services will be collected and paid.

The basis of this legislation is Law No. 1567 on the Protection of the Value of Turkish Currency (25.3.1930 / 1433 Official Journal Number) and Decree No. 32 on the Protection of the Value of Turkish Currency (89/14391- 11.8.1989 / 20249 Official Journal Number), which sets the procedures and principles for the implementation of this Law.

Regulations regarding the simplification and facilitation of customs procedures.

Approved Person Status

Real and legal persons are granted the status of the approved person to apply the simplified procedures and to benefit from the capabilities determined within the scope of customs legislation if they

  • fulfill the conditions specified in Article 23 of the Customs Regulation titled “General conditions for the status of the approved person” and article 24 titled “Special conditions for approved person status,”
  • operate actively for at least two years in the Customs Territory of Turkey, according to the Customs Legislation.


Benefits of Approved Person Status

  • a) Understatement procedure,
  • b) Partial guarantee application,
  • Processing of export declarations with “1000” regime code on the blue line according to the results of the risk analysis,
  • Authorization for lump-sum indemnity within the scope of status certificate upon request,
  • Approved exporter authority within the validity period of the status documents, if requested by those who bestow the export performance specified in the regulation,,

In addition to those who satisfy the conditions specified in the Customs Regulation, in addition to these facilitations, if requested;

  • Less inspection for import and export goods,
  • For export declarations with a regime code other than “1000”, the authority to make transactions on the blue line is allowed according to the risk analysis results.

Authorized Economic Operator Status (AEO)


In line with the World Trade Organization goal, to establish a reliable supply and supply chain in international trade and to ensure the fast, safe delivery of the goods without specific obstacles as much as and ensure that the trade people of the country benefit from the facilitation.

The company with the status of Authorized Economic Operator, which started to be implemented in our country in 2013, reached the number of 513 according to the Ministry of Trade records. It is applied in 55 countries, mainly in the USA and EU countries.

When the mutual recognition process of each country applying the Authorized Economic Operator Status is finished, the person obtaining the Authorized Economic Operator Status because this person is found reliable in one country will have the same status in other countries right to facilitate customs clearance.


Three Fundamental Conditions for AEO Status

  1. Being reliable,
  2. Having commercial records that can be examined,
  3. Having an acceptable financial capacity.


The persons fulfilling these three fundamental conditions for AEO Status may benefit from the following rights and authorities:

  1. Simplified Applications,
  2. Facilitations Regarding Control of Statement,
  3. Facilitation Regarding Safety and Security Controls.


Advantages of authorized economic operator status

  • A privileged status in the international trade arena,
  • Prioritized, fast and privileged service,
  • Saving of time and money,
  • An environment that will increase competitiveness,
  • Benefiting from a predictable and measurable foreign trade process