REPRESENTATIVE OFFICE ESTABLISHMENT IN TURKEY

I- INTRODUCTION A representative office can be defined as “Offices established by non-resident individuals and legal entities with social, cultural or economical purposes such as communication, entertainment, providing contacts, conducting market research at the country of investment, close follow up of business opportunities at the country of investment and offering information to the main company.”…

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FREE TRADE ZONES IN TURKEY

Free trade zones are defined as the regions that have been established with the intention of developing international trade and employment and though they are within the national boundaries of the countries, are left beyond the customs duty zones, in order that the tax and customs legislations to be applied. In the abovementioned zones, there…

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MARITAL PROPERTY IN TURKISH LAW

At present, unfortunately quite a great part of marriages doesn’t last long, though they’re acted with the hope of a life-long duration. Every day there’s an increasing number of divorce cases. In this situation, marital property bears great importance from the point of the results of divorce. There has been an important legislation in Civil…

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LIAISON OFFICES IN TURKEY

The companies which are registered outside of Turkey prefer to found liaison offices in Turkey in order to advertise their commercial activities and to do their market research. Liaison offices, which differ from limited liability companies; joint companies and branches, do not engage in income generating activities. Considering that the law does not include a…

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ATTACHMENT PROCEEDINGS FOR NEGOTIABLE INSTRUMENTS

The attachment proceeding for negotiable instruments is a specific enforcement proceeding without judgment. It is necessary for a creditor to have a negotiable instrument in order to apply this proceeding. The limited numbers of negotiable instruments are indicated in the Code of Commerce which is promissory note, bill of exchange and cheque. It should be…

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Adaptation Actions

Lease agreements could be structured as follows: 1) ordinary leasing agreement 2) lease of a revenue-generating asset agreement. Ordinary leasing agreement is a contract when an owner of movable goods and real property grants another person an exclusive possession of the property in return for a certain price. On the other hand, a lease of…

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ESTABLISHING A BRANCH BY FOREIGN LEGAL ENTITIES IN TURKEY

The commercial enterprise (undertaking) have been regulated in the articles between 11-13 of Türk Ticaret Kanunu (Code of Commerce and hereafter it will be referred to as TTK). According to the TTK, business establishments or factories or other establishments which are commercially operated are deemed as commercial enterprises. If we extend this definition, we can…

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THE SHAREHOLDERS RIGHT TO GET INFORMATION IN A JOINT STOCK COMPANY

In Turkish law companies are divided into two as capital companies and private companies. Joint stock companies are capital companies and constitute the most appropriate and flexible structure for gaining real and legal entities savings into the economy. In joint stock companies, the company’s management, inspection and representation is executed by the management and inspection…

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