Aircraft Finance in Turkey
Aircraft Finance in Turkey

The volume of aircraft financing in Turkey has recently increased due to the reduction of costs in general and securities as well as the stable economic atmosphere in Turkey. It is not necessary for individuals…

The New E-Commerce Law in Turkey
The New E-Commerce Law in Turkey

Information and communication technologies have caused important changes in various fields of economy, commerce, public administration, education, health & justice. Internet access through smart phones and laptops enabling  a tremendous increase in the number of…

The Lump Sum Price Contract
The Lump Sum Price Contract

The lump sum price contract is a type of contract that is signed for the total price of the whole work which is offered by the contractor. In the lump sum price process, the total…

Shopping Mall Investments In Turkey
Shopping Mall Investments In Turkey

The number of shopping malls, which has more than quadrupled in the last decade and reached 280 by the end of 2013, spread over 54 cities throughout the country. These figures boosted the retail sector…

Rising Shopping Mall Investments In Turkey
Rising Shopping Mall Investments In Turkey

The retail sector is boosting in Turkey. The number of shopping malls, which has more than quadrupled in the last decade and reached 340 units by the end of 2013, spread over 56 cities throughout…

New Regulations for Residential Real Estate Sale in Turkey
New Regulations for Residential Real Estate Sale in Turkey

Residential projects in Turkey can be defined as one of the most attractive investment opportunities in the Turkish real estate market, not only for the investors, but also for the consumers. Increasing land prices force…

Work Permit for Foreign Teachers in Turkey
Work Permit for Foreign Teachers in Turkey

Foreign Teachers are allowed to be employed as a member of the academic staff and as a teacher within Turkish schools. However, they are required to obtain a work permit (that allows both work and…

Amendments of Independent Audit Criteria in Turkey
Amendments of Independent Audit Criteria in Turkey

The Council of Ministers’ Decree on Determination of the Companies subject to Independent Audit (the “Decree“) has been amended on 14 March 2014, being effective as of 1 January 2014 and the scope of the…

Residence Permit in Turkey
Residence Permit in Turkey

Residence Permit and Exemptions According to the Article 19 of Law No. 6458, foreigners who stay in Turkey beyond the duration of a visa or a visa exemption or, in any case longer than ninety…

Liason Office Foundation in Turkey
Liason Office Foundation in Turkey

Foreign registered companies planning to invest in Turkey should establish liaison offices that are regulated by the Regulation for Implementation of Foreign Direct Investment Code (“the Regulation”) before they investment to promote their commercial activities,…

Mandatory Tender Offer Launch in Turkey to Purhase Shares
Mandatory Tender Offer Launch in Turkey to Purhase Shares

The shareholders of public companies may either voluntarily offer to purchase the shares of the minority shareholders or under certain circumstances, they are obliged to make mandatory tender offers (the “MTO”) to purchase the same….

Shopping Malls investments in Turkey
Shopping Malls investments in Turkey

Turkey became a “shopping mall paradise”. Shopping mall industry has reached the turnover of sixty billion Turkish Liras annually in 2013. And Turkey has now a dominant position in Europe as second highest number of…

Data Protection in Turkish Telecom Industry
Data Protection in Turkish Telecom Industry

Due to the fast digitalization of businesses and networking, sharing data through computers become widespread and protecting personal information of users which are exposed become a necessity. Turkey does not have a specific legislation concerning…

How do foreigners purchase Immovables in Turkey
How do foreigners purchase Immovables in Turkey

Article 35 of the Land Registry Law No. 2644 has been amended by the Law No. 6302 which entered into force on 18 May 2012. Accordingly, the condition of reciprocity with regard to purchasing immovable…

Equity Offerings in Turkey
Equity Offerings in Turkey

The Capital Markets Law No. 2499 (“Former CML”) replaced at the end of 2012 by the new CML No. 6362 (“CML” or “Law”) and it was published in the Official Gazette on 30 December 2012….