201412.29
0
0

Liability of the Shareholder for Public Debts under Turkish Law

by in Genel

Tax Liability in Joint Stock (“Anonim Şirket”) Companies  As it has been known, administration and representation of joint stock companies are carried out by board of directors of the company. Members of board of directors can be elected by general assembly of the company from among shareholders or other third persons and board of directors…

201412.29
0
0

Incorporation of a New Company (LLC) in Turkey

by in Genel

Overview Limited Liable, LLC (“Limited Şirket”) and Joint Stock Type (“Anonim Şirket”) Capital Companies Capital companies are the most common form of business entities in Turkey utilized by both local and foreign investors. Investors may choose to participate into an already existing capital company or establish a new one. 100% ownership of Turkish corporate entities by…

201412.27
0
0

Employment (Labour) Contracts in Turkey

by in Genel

Overview As Turkey maintains economic stability and growth for almost five years, the confidence of the foreign investors raised and new direct investments are executed more often. In this context employee related issues are of consideration to foreign investors and significance of the Turkish Labor Code (‘TLC’) elevate accordingly. Therefore we would like to briefly…

201412.27
0
0

Residence Permits for Foreigners in Turkey

by in Genel

Today, “Turkish Law Related to Residence and Travels of Foreign Subjects” numbered 5683 is applicable regarding the residence permits of foreign subjects in Turkey. This law will be in force until the new Code of “Law on Foreigners and International Protection” will be in force on 11 April 2014. Detailed information regarding the residence permits,…

201412.25
0
0

Real Estate in Turkey for Foreign (non-Turkish) Buyers

by in Genel

Companies with foreign capital and foreign real persons may purchase immovable property in Turkey, even though this possibility has certain legal limitations. Within the framework of this Article, the acquisition of immovable property by foreign real persons shall be discussed. ➢ Legal Grounds As per the Land Registry Law No. 2644 (“Land Registry Law”), it…