What is a joint venture A joint venture (JV) is an engagement allowing multiple separate businesses or people to work together on a single project or a series of projects for an agreed-upon amount of time. Joint ventures are often established to pursue an objective that needs the combined resources, knowledge, and funds of the […]
IS IT POSSIBLE FOR FOREIGNERS TO ESTABLISH A COMPANY IN TURKEY? It is possible for foreigners to establish companies in Turkey. The necessary conditions areregulated in the Foreign Direct Investment Law No. 4875. So who are foreign investors? Interms of the requirements of the law, it includes natural persons who have a citizenship otherthan the […]
Everyone has the right to work. Foreigners who want to work in Turkey have to get a work permit to reach this aim. It is not allowed that foreigners work or are employed without a work permit. There are types of work permit given by the Ministry of Labour and Social Security. A work permit […]
Everyone has the right to own property. According to the Turkish Constitution, foreigners also have fundamental rights and liberties. Article 16 of the constitution states that there can be some legal limitations on the rights and liberties of foreigners consonant with international law. The president of the republic can specify the conditions such as acreage, […]
Citizenship is a legal and political bond to a state. Conferring citizenship to a foreigner is an authority of the state. This authority comes from sovereignty saving. Thus, the state has discretionary power to grant citizenship even if the foreigner has satisfied all conditions. According to The Turkish Citizenship Code, obtaining citizenship is possible with […]
According to Foreign Direct Investment Code, real person who have the citizenship from another state and Turks who live abroad could be foreign investor. Also, the legal entities or international entities which are established thorough a foreign state’s law can be accepted as a foreign investor. Foreign investors can establish a new company in Turkey. […]
A foreign can establish a company in Turkey. There are some rules to follow according to Turkish Codes. The foreigner is free to choose the type of the company. However stringent rules are changeable through the type of the company. Foreign Direct Investment Law protects the foreigners and their rights. According to the regulation on […]