VENTURE CAPITAL: Definition and Key Characteristics What is Venture Capital? Venture Capital, in simple terms, is investing in small expanding businesses with typically high growth potential. What are the benefits of Venture Capital? Scaling up a small business over a short amount of time can consume the business’ entire starting capital along with its net […]
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SEXUAL CONSENT LAWS IN TURKEY What is the Age of Consent in Turkey? In Turkey, the age of consent, which is the legal age for engaging in sexual activity, is established at 18 years old. This aligns with the country’s efforts to protect minors and ensure that any sexual relations involving individuals are fully consensual
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Is it Legal to Make Contract Based on Foreign Currency in Turkey? What Changed in the Turkish Law on Foreign Currency Contracts? The Turkish legal system underwent significant changes on September 13, 2018, affecting contracts in foreign currency. These alterations were introduced to stabilize the Turkish Lira and impact certain agreements within Turkey. What is
INCOTERMS 2020: Terms of Delivery for International Sale of Goods What are INCOTERMS 2020? INCOTERMS, an acronym which stands for international commercial terms, are standard terms published and trademarked by International Chamber of Commerce (ICC), for and used in international commerce, maritime law and basically all modes of transport under shipping law. INCOTERMS 2020 are
How to Obtain Turkish Work Permit? Obtaining a Turkish work permit, also known as Turkish blue card, is a structured process that involves both the employer and the foreign national aspiring to work in Turkey. This permit grants legal authorization to foreign nationals to engage in employment within Turkish borders. Here, we delve into the
HOW TO WRITE A LAST WILL AND TESTAMENT IN TURKEY FOR FOREIGNERS Disclaimer: Do not Write a Will Without Legal Support This article is merely a review of a small portion of Turkish inheritance laws and cannot be construed as a legal advice for anyone’s last will and testament. The below-sample of last will and
Turkish Citizenship by Investment: How Does it Work? What is the new Turkish CBI Program? As per the 106th Presidential Order, foreign nationals who either: Buy or pledge to buy real estate(s) worth at least 400,000 USD with a pledge not to sell it for 3 years Invest in a company for at least 500,000
TURKISH RESIDENCE PERMIT (UPDATED 2024) What is Turkish Residence Permit? (also known as TRP, TRC, Turkish Residence Card, Turkish Touristic Permit or Turkish Red Card) Turkish residence permit allows foreign nationals to stay in Turkey after their visa (or the period of their visa-free stay) expires. With Turkish residence permit, foreign nationals may reside in
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Buying Real Estate in Turkey: How to Obtain the Title Deed Going through the process of buying property in another country can be complex and full of challenges, especially for international buyers who may not be familiar with the local laws. This is a clear 8-step guide to help you understand how to obtain title
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SHOULD YOU REGISTER AN LLC OR A JSC IN TURKEY? The two most common companies in Turkish law are Limited Liability Company (LLC or “LTD”) and Joint-Stock Company (JSC or “A.Ş.”). LLC and JSC are both capital companies, meaning the shareholders’ liability is limited to the amount of capital that they invest into the company.
LLC vs. JSC: Which Type of Company to Choose in Turkey? Read More »
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