The Turkish legal system is based on a civil law system heavily influenced by Swiss, Italian, and German legal traditions. Here’s a brief summary of its key aspects: Constitutional Framework Turkey’s legal system is governed by its Constitution, which outlines the basic principles of the state (democratic, secular and social state) fundamental rights and freedoms,...
Fees for Establishment Procedures in Turkey As of 2024, according to the tariff published, the company registration and other Trade Registry fees and charges are as follows; Establishment Fee (Establishment transactions are exempt from fees) Book Certification Fee + Foundation Certification Fee + TTSG Announcement Fee + Announcement Expenses Branch Opening Fee 20.650,50 TRY +...
Pursuant to Article 6 of the Regulation, the Ministry of Industry and Technology (‘Ministry’) authorises companies established under the laws of foreign countries to open liaison offices in Turkey provided that they do not carry out commercial activities in Turkey. The documents required for the application to the Ministry to establish a liaison offices in Turkey...
Businesses Whose Main Activity Is Subject To Authorisation Although other blogs mentions some companies whose establishment is subject to authorisation, in accordance with specific legislation, companies that will be engaged in certain fields of activity are also required to obtain authorisation. These fields of activity are scattered throughout the legislation. For example, in order to...
Free Trade Zones in Turkish Law Free Trade Zones (FTZ) were established in Turkey through the Free Zones Law No. 3218 (FZL) in 1985. There are currently 21 Free Zones in Turkey, all established in accordance with this law. Regardless of location, they are all subject to the same legislation, ensuring that the opportunities afforded...
Establishing of Branch by Companies Headquartered in Turkey Branches of companies headquartered in Turkey are registered to the trade registry of the place where they are located by referring to the commercial records of the head office. In this context, it will be sufficient to complete the branch establishment documents and apply to the trade...
Foreigners wishing to establish a company in Turkey should apply to the Trade Registry Directorate where the company headquarters will be located, together with the following documents, taking into account the other explanations made according to the relevant company type. Although some of this process can be carried out by logging in through MERSIS within...
With the recent changes and innovations in Turkish Law, Turkey is becoming an attractive center for foreign investors who want to incorporate a company in Turkey. In fact, with the ‘Foreign Direct Investors Law’ and the innovations made accordingly, it can be said that local and foreign investors are subject to the same rights and...
Establishing a Company in Turkey with Foreign Partners Establishing a company in Turkey with foreign partners is completed as a result of the transactions made through the Central Registry Registration System (MERSIS), which are specially introduced for company types. Turkish citizens can log in with their identity number information. Unlike, foreigners can log in to...
Firstly, after establishing a company in Turkey, foreigners are required to fulfil some obligations. Such as, notification obligations, fulfil tax procedures and complete labour law procedures for employees. Within the scope of foreign direct investment, one of the procedures to be performed by foreigners after establishing a company in Turkey is to fulfil their information...
