Investment Incentive Certificate According to the decision number 2012/3305 on government aid in investments, investors in Turkey could obtain support from the government in many ways if they achieved certain conditions and standards. In order for an investment to benefit from that government aid, it should obtain an Investment Incentive Certificate (IIC). What does an…
Read MoreCryptoassets in Turkey What is Cryptoassets? There are many different types of cryptoassets. However, cryptocurrencies is the most known type of cryptoassets. The well-known Bitcoin, Ripple, Litecoin and Ethereum…etc., are all cryptocurrencies. But what exactly is it? Crypto assets are a digital representation of value that you can transfer, store, or trade electronically. This also…
Read MoreResponsibilities and Liabilities of the Members of the Board of Directors of Joint Stock Companies According to the Turkish Commercial Code (TCC), Joint Stock Companies has two mandatory organs, the general assembly and the board of directors. In this article, we will summarize the responsibilities and liabilities of board of directors’ members. A. Responsibilities of…
Read MoreIssuing Power of Attorney in Turkey Foreigners who wish to issue a power of attorney for a lawyer in Turkey can apply to notary publics in Turkey or to Turkish consulates abroad and issue the power of attorney. In addition, in order to be able to issue a power of attorney for foreigners at the…
Read MoreLiaison Offices and Conditions of Foreigner Corporations in Establishing Liaison Offices under the Turkish Legislation 1. What is a Liaison Office? Organizations that are built with the pursuit of observing the business opportunities and testing the market conditions in Turkey regarding a business line, who also desire to follow the business opportunities by researching the…
Read MorePayment Order Requesting Evacuation and its Consequences The cases of evacuation of a property are regulated in the provisions of the Turkish Code of Obligations and the Enforcement Bankruptcy Law, and the subject of this research is the payment order with a request for eviction regulated in the Execution and Bankruptcy Law and the eviction…
Read MoreCompany Executives’ Responsibility Deriving From Tax Penalties Directed To Companies Tax penalties and their related public claims arising from the tax investigations or administrative transactions of the tax authorities could be directed to the board members and company executives in Joint-Stock Companies (A.Ş.) and Limited Liability Companies (Ltd. Şti.). In another saying, it can be…
Read MoreAdvantages of Establishing a Joint Stock Company An average of 150,4700 joint stock companies are established in Turkey. Joint stock and limited companies are the most preferred company types both in Turkey and also in international area. Joint stock companies and limited liability companies are similar to each other, but there are certain differences and…
Read MoreProhibition Of Competition For Board Of Directors As stated in the Turkish Code of Obligations, the Board of Directors has an obligation of loyalty to the company, as a result prohibition of competition arises for the Board of Directors. While the prohibition of competition can be remove with a decision of the general assembly, if…
Read MoreThe Lease Determination Case and The Conditions The rental price can be freely determined by parties within the framework of the freedom to conclude a contract. However, the Turkish Code of Obligations makes it possible to re-determine the rental price by the court upon request, especially to protect non-dominant tenant. Rent determination lawsuit is a…
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