Privatization refers to actions taken to reduce the influence of state on economy and increase its influence of private sector. Privatization process,also known as the transfer of state-owned enterprises (SOEs) to the private sector, is an activity for the public good.

The branch of law that regulates this activity is privatization law called

Laws made in this context, execution of activities related to privatization; was given to privatization high council and privatization administration. Income from this business is transferred to privatization fund.

Services provided under a privatization law usually take the form of preparing tenders or preparing cancellation cases.

Some of these services are listed as follows:

• Preparation and presentation of legal issues related to the institution within the scope of privatization.
• Providing legal support for the method of privatization of a privatized institution.
• Assistance in legal actions to be applied at the tender stage
• Obtaining official permits from relevant places in accordance with legal regulations after the end of tender.
• Contribute to solving problems arising from privatization.
• Supervision of privatization projects

Minimizing or completely eliminating the role of society in the national economy is called Privatization process, Privatization operations are carried out with the aim of limiting the influence of the state on economic activity, so that market forces prevail in the market.

Social objectives of privatization are as follows:

• Ensure the functioning of a free market economy with all its institutions and rules.
• For the most profitable allocation of resources
• Expand capital to base
• Direction of government revenues to production

Economic objectives of privatization are listed as follows:

• Saving the state from the debt burden of SEE
• To generate income for the state
• Spreading the tax base
• To prevent overwork in public sector

Financial objectives of privatization are listed as follows:

• Optimizing social welfare
• Helping to accelerate democratization
• Prevent corruption

Privatization procedures are carried out by the state privatization administration from a single source.

Privatization applications are submitted as follows:

• Block sales
• International corporate supply
• Initial public offering IPO
• Sales at IMKB
• Unfinished facility sales
• Facility asset sale
• Paid transfers