Foreign Investments Law
The first regulations on foreign direct investments in Turkey were put into effect with the Law No. 6224 on the Encouragement of Foreign Capital on 18 January 1954.
Law No. 4875 on Foreign Direct Investment, which is a more comprehensive and innovative regulation in the light of economic and technological developments and international practices and practices formed the basis of Turkey’s current foreign investment policy by entering into force in 2003. The Law in question has avoided the mandatory, compelling or restrictive provisions and has a more explanatory and informative letter. Article 3 (a) of the Law stipulates that, unless there is an upper norm to the contrary, foreign investments are free and foreign investors will be subject to the same treatment as domestic ones in terms of rights and obligations.
This provision forms the legal basis for the principles of freedom of investment and the application of national treatment to foreigners.
Foreign capital, including the Presidential Project Management Law, particularly concerning the assessment in Turkey, relevant Ministries, Economic Councils and other institutions can be renewed frequently directly affected by secondary legislation. In order to be able to talk about a realistic, healthy and in accordance with the procedures and principles in the legislation, it is absolutely necessary to make legal and financial due diligence to eliminate the problems at this stage to make a descriptive road map of the project and to stick to this program as much as possible, timely and properly provided.
Antalya lawyer Barış Erkan Çelebi provides legal and financial investigation in investment projects, Turkey borders of foreigners in corporate entities, branches or liaison offices opening or direct permissions to no investment, license, license, approval, receipt of documents and annotated as apostille, with experts on the subject in the execution of the project, with the opposite side of commercial transactions, provides legal consultancy services to public institutions and private financial institutions, and to attend the interviews with the personnel to be employed when deemed necessary, or to participate in these meetings remotely within technological opportunities.
Free Zones are defined as areas where the legal and administrative regulations and practices in force within a country, mostly in commercial and economic areas, are partially or completely suspended, with higher and wider incentives for industrial and commercial activities, and geographically defined areas. Free Zones are mostly established to encourage foreign investment, increase export-oriented production and increase participation in international trade.
In these regions, capital and technology entry opportunities are kept higher, low-cost raw material procurement, transit abroad sales and employment opportunities are created compared to the country-wide implementation.
What should be considered in Mergers & Acquisitions?
The notion of Merger and Acquisition in Commercial Law is defined as the continuation of the activities of a company by acquiring another company, or the merging of more than one company under one roof and the purpose of one of them, or a new decision.
In case of mergers and acquisitions, legal counsel should be obtained from experienced lawyers in accordance with the legislation, case-law and commercial practices and in addition to the sectoral conditions and regional and international economic conjuncture.
Antalya Lawyer Barış Erkan Çelebi provides conducting due diligence investigations on Commercial Law and Foreign Investments, negotiation with related parties during preparation, submission of projects and contract negotiations, approval of the Competition Authority, Capital Markets Board and other institutions and the fulfillment of the obligations stipulated in the Laws and Regulations if deemed necessary, it provides services such as Human Resources structuring, execution of contracts to be signed after the Merger and Acquisition or previously executed.