After a long period of discussions and expectations, Sports Clubs and Sports Federations Act (Sports Act) entered into force on 22 April 2022. Sports Act’s entry into force brought many discussions along. Likewise, the regulation radically changes the establishment and operational mechanisms of the sports clubs and sports joint-stock companies (Sports Clubs).
For further information please contact us at [email protected] Sports Act enables Sports Clubs which were required to be established as associations to be established as companies.
Regulations included that the Sports Clubs which were registered before the Ministry of Interior to also be registered before the Ministry of Youth and Sports. In addition, the Ministry of Youth and Sports will be responsible for Sports Club contributing to the development of the infrastructure and sports.