If international agreements are not agreed otherwise,foreigners working in Turkey are subject to permission. Generally permission is taken before starting work but according to Law on Work Permits of Foreigners Article 4 other cases are settled too: “Unless not stipulated to the contrary by bilateral and multilateral agreements in which Turkey stands as a party, […]
Etiket: in Turkey
LIMITED LIABILITY COMPANY IN TURKEY
The main company types in Turkey are Private Limited, Joint Stock Companies, Commandite and Collective Companies. Foreign investors can also open a Liaison Office or a Branch in Turkey. The limited liability company (“LLC”) is one of the most common business forms in Turkey. If the foreign investors establish a LLC in Turkey, they need […]
INVESTMENT INCENTIVES IN TURKEY
With the last century, the technology has improved itself overmuch. Therefore, the links between different countries’ economies have made a considerable growth all over the world. Due to these changes in the world’s economic system, each state has started to work on driving the capital flow over their country. In line with this idea, most […]
THE CRIME COMMITTED IN TURKEY
The crime committed in Turkey is subject to Turkish Law. Whether the action of crime has constituted in Turkey partially or not, the thing is the consequence of the crime must be obtained in Turkey. Therefore, the offense is assumed to have been committed in Turkey (according to Turkish Penal Code (“TPC”) article 8). If […]
THE LEGAL FRAMEWORK OF INVESMENT INCENTIVES IN TURKEY
Due to changing the dynamics of economy all over the world, states has started to make an effort controlling the way of capital flow over their countries. Therefore, the states have set the legal framework of Foreign Direct Invesment by establishment of new regulations or reforming the existing ones. In line with this idea, Foreign […]
A JOINT STOCK COMPANY IN TURKEY
Turkey’s Foreign Direct Invesment (“FDI”) Law is based on the principle of equal treatment, allowing international investors to have the same rights and liabilities as local investors (Please see our related article…). A foreign investor is defined as a company registered outside Turkey, or a non-Turkish national, or Turkish nationals who reside abroad. In line […]
DETERMINATION OF POLICIES AND DATA COLLECTION IN FOREIGN DIRECT INVESMENT IN TURKEY
Thanks to advances in globalization, the capital flow has changed worldwide. Therefore, Turkey has started to regulate the details of foreign invesment to get a share of the cake. Foreign Direct Investment Law (“FDIL”) is one of the most important legislation for foreign investors in Turkey. The framework of the Foreign Direct Invesment (“FDI”) is […]