Blog

Company Types in Turkey The first thing an entrepreneur should be aware when entering Turkish business life is the types and main characteristics of different types of the companies in Turkey. Turkish Commercial Code (‘TCC’) defines five different company structures and they are classified in…

 CRYPTOCURRENCY REGULATIONS IN TURKEY Cryptocurrencies, which its trading volume has been increasing day by day with the intense interest of both individual and institutional investors in the world, has turned into an investment tool that many investors in Turkey are in demand.   What are…

Liaison office can be described as a representative office of the main foreign company which is established primarily to explore and understand the business and investment climate in Turkey as it can be a powerful tool to understand Turkish market before making the investing and incorporating a…

HOW PARTNERS CAN WITHDRAW MONEY FROM THE COMPANY ACCORDING TO TURKISH COMMERCIAL LAW?   In companies with a share capital, partners can withdraw money from the company in several different ways. These methods include receiving wages or attendance fees, receiving dividends or borrowing. Each of…

HIRING EMPLOYEES IN TURKEY AS A FOREIGN COMPANY When hiring employees in Turkey, there are several routes which an employer can choose from. In order to comply with employment regulations, foreign companies can establish a legal entity or branch office in Turkey or can get…

CROSS BORDER FINANCIAL LEASING IN TURKEY Subject to the satisfaction of several conditions set forth by the relevant regulations; cross-border financial leasing contract in Turkey in which a Lessor residing abroad funds a Lessee residing in Turkey can be concluded. The Law No. 6361 on Financial Leasing, Factoring, and Financing…

Turkish Data Protection Law on Cross-border Transfers of personal data from Turkey to abroadTurkish Data Protection Law on cross-border transfers of personal data from Turkey to abroad is the subject of this informative article.Turkish Data Protection Law is also applicable to the foreign companies doing…

Penal Clause in Turkish Contract LawIt is important to understand the implementation of Penal Clause (or contractual penalty in other words) within the context of Turkish Contract Law before signing any contract in Turkey. A penal clause is considered as a mechanism to force the debtor…

How to Get Internet Broadcasting License in Turkey?Obtaining internet broadcasting license in Turkey One of the issues that recently Turkey’s most talked about was the introduction of controls on broadcasts from the Internet. The new arrangement, the Regulation on the Transmission of Radio, Television and On-Demand Services  on the…

This post aims to give information about compensation rights arising from accidents occurs in hotels in Turkey from the perspective of Turkish Law on Personal Injury.The rules governing the compensation rights of holidaymakers arising from accidents occurred in tourism facilities (mainly hotels) in Turkey vary…

The need to get judgements recognised and enforced across national borders has rapidly increased for the last decades as a consequence of globalisation. Yet there is no universal application of rules for recognition and enforcement throughout different jurisdictions. Each country implements its own set of…

Turkish Personal Data Protection Board Ruling Search Engine Operators as Data ControllersPersonal Data Protection Board in Turkey concluded that search engine operators are data controllers for the purpose of Turkish Law on the Protection of Personal Data as the purposes and means of the processing…

Escrow Agreements and Trustee Services in TurkeyAs Cosar & Akkaya Law we provide legal escrow and trustee services for our clients pursuant to their needs.Escrow and trustee mechanism is a common practice in transactions aiming to secure the performance of the obligation at a later…

 FINANCIAL LEASING, FACTORING AND FINANCING COMPANIES IN TURKEY Financial leasing, factoring and financing companies in Turkey are regulated by Banking Regulation and Supervision Agency (BRSA). Any legal entity willing to provide any of the services falling under the scope of financial leasing, factoring or financing in…

“How to start a business in Turkey?” Turkey host many national and international companies due to its unique trading location and significant importance. To start a business in Turkey as a foreigner it is key to understand business environment of the country, types of legal entities,…

What is FinTech Law?Over recent years, the financial services industry has been experiencing dramatic changes as a result of technological development and digital transformation. The changes can be seen obviously on how the financial services are offered by FinTech companies, customer behaviours in using the…

What is Contract Law?Contract is basically a legally enforceable agreement between two or more parties where each party assumes an obligation that must be completed. Contract law can be described as the area of law that governs making contracts, carrying them out and determining a…

Turkey offers Turkish Citizenship to foreign investors and their eligible family members through the program of Turkish Citizenship by InvestmentTurkey has launched its Turkish Citizenship by Investment Program at the end of 2016 and since then the growing number of investors are joining the program…

Foreign investors who have questions related to the company formation in Turkey may find below Q&A helpful. For any further inquiry or to hire our commercial team to represent you in company formation in Turkey, please drop an email to info@cosarakkaya.law  1-  Can a foreigner investor…

Foreign investors who have questions related to the company formation in Turkey may find below Q&A helpful. For any further inquiry or to hire our commercial team to represent you in company formation in Turkey, please drop an email to info@cosarakkaya.law 1-  Can a foreigner investor…

As Cosar & Akkaya Law we provide legal escrow and trustee services for our clients pursuant to their needs.

Escrow and trustee mechanism is a common practice in transactions aiming to secure the performance of the obligation at a later time if immediate performance is impossible or not preferred. In other words, escrow agreements secure the payments, especially on conditional agreements.

Turkey offers Turkish Citizenship to foreign investors and their eligible family members through the program of Turkish Citizenship by Investment
Turkey has launched its Turkish Citizenship by Investment Program at the end of 2016 and since then the growing number of investors are joining the program as the investment thresholds were taken down at the end of 2018 to attract more applicants for Turkish Citizenship by Investment.

The need to get judgments recognized and enforced across national borders has rapidly increased for the last decades as a consequence of globalization. Yet there is no universal application of rules for recognition and enforcement throughout different jurisdictions. Each country implements its own set of rules and procedures in recognizing and enforcing foreign judgements.

This post aims to give information about compensation rights arising from accidents occurs in hotels in Turkey from the perspective of Turkish Law on Personal Injury. The rules governing the compensation rights of holidaymakers arising from accidents occurred in tourism facilities (mainly hotels) in Turkey…

Obtaining internet broadcasting license in Turkey  One of the issues that recently Turkey’s most talked about was the introduction of controls on broadcasts from the Internet. The new arrangement, the Regulation on the Transmission of Radio, Television and On-Demand Services  on the Internet (hereinafter referred to…