Insurance sector is one of the most profitable sectors and this is why several people are now trying to open insurance agencies. At this point, I always receive questions such as ‘Can foreigners open insurance agency in Turkey?’ or ‘What do I need for opening an insurance agency in Turkey?’. You might also be wondering about opening an insurance agency in Turkey but before doing that, you should make sure that you meet some certain requirements.
According to data from Turkey Union of Chambers and Commodity Exchanges there are approximately 5 thousand insurance agencies in Istanbul and 16 thousand in all over Turkey. Earlier, I wrote about how to find the nearest insurance agency in Turkey. According to these figures, the number of employees working in the insurance sector reaches 50 thousand. The answer to the question of what are the conditions for opening an insurance agency is gaining more ease with the change made in the regulation. An entrepreneurial spirit, a characteristically predisposed character, and researcher instincts are those who wish to open an insurance agent as a business investment. It is also known that the insurance sector has different branches from vehicle to health. Therefore, it is important to investigate insurance companies that serve in our country before taking their agency and to examine the terms of dealership of these companies.
will be a step.
Insurance Agency Terms
You are ready to start the official procedure of the company after choosing the firm you want to apply for and taking the necessary conditions for yourself and your office workers. In To read the details of the conditions of opening the insurance agent will be an inevitable condition. certificate of conformity issued by the Treasury, Turkey Chambers and Commodity Exchanges of reference for the agency will make the Union, as a process of recording sheets are waiting for you. There are also some things to know before embarking on this process. Accordingly, to be built in Turkey, be entitled to use his civil rights, has not been convicted of certain crimes or have received punishment, mandatory former have gone bankrupt in commercial activities and to have declared concordat and of course the technical staff qualifications complied with the conditions as to have.
As mentioned above, with the amendments made in the regulation: The value of the assets to be declared by the agencies will not be less than 25 thousand pounds, the agencies will be responsible for the damages they may cause due to their professional activities, they may use additional statements in their titles, provided that they are not contrary to the legislation, Within months will make these regulations comply with the provisions. Other changes are: 1 year and a half of the experience of the owner of the agency and the limited company managers for 2 years is now considered sufficient; technical staff experience in the high school-equivalent of 6 months for those graduates of associate degree programs. In addition, for the 4-year school graduates, the experience period is no longer sought.
One of the changes in terms of the conditions required to open an insurance agency is the contract between the insurance company and the agency. In addition, where the agency is not specified by the agencies responsible for the service of the limited liability agency has been removed. In the old regulation, only 1 agency can operate in a space, but this number has now been increased to three.
Opening an Insurance Agency In Turkey
In order to set up a new line of business, you should ask sigorta how do you become an insurance agent, how to set up an insurance agent, what is necessary to open an insurance agent? you must master the answers to these questions. How to open an insurance agent: As a new line of business, you will find information about the source of insurance, the conditions for opening an insurance agent ası You will find detailed information in our article.
What to do to open an insurance agent, how to open an insurance agent:
Prime Ministry Undersecretariat of the Treasury issued some changes as of April 22, 2014, by reading the Regulation on Insurance Agencies in which the official transactions differ, and having the details of the conditions of opening an insurance agent will help you to improve your business and fulfill your obligations.
certificate of conformity issued by the Treasury, Turkey Chambers and Stock Exchanges Union reference you make to the agency, to obtain the approval process is achieving its formal application for registration boards as the second step.
be built in Turkey, be entitled to use his civil rights, he has not been convicted of certain crimes or have received punishment, have gone bankrupt earlier commercial activities and to have declared concordat and of course the technical staff skills to meet the requirements as to have.
The value of the assets to be declared is not less than 25 thousand pounds economic part of the business. Agencies shall be liable for damages they may incur due to their professional activities, and they may use additional statements in their titles, provided that they are not contrary to the legislation, and the insurance and pension companies shall comply with the provisions of this regulation within 6 months from the date of publication of the regulation.
For the owners of the agency and the limited company managers, the experience period of 2 years is now sufficient for 1 and a half years; technical staff experience in the high school-equivalent of 6 months for those graduates of associate degree programs. In addition, for the 4-year school graduates, the experience period is no longer sought.
You can check out our previous blog post for more information on the conditions and the conditions required for opening an insurance agency.
Insurance Agency For real person:
- Photocopy of identity card
Required number of passport photos
Certificate of residence
Trade Registry Gazette
Trade Certificate of Registry
Copy of contract with insurance company
Insurance Agency For Legal Person:
- Trade Clearance Statement
Tax Plate Face
Trade Registry Gazette
Company Articles of Association
Professional Liability Insurance
Photocopy of Signature Circular
We have made a short front entry with the above information about what is the conditions of being an insurance agent. If you have any questions, you can as in the comment section below.