In recent regulatory developments affecting the short term rentals and Airbnb listings of luxury residences in Turkey, the government has issued a secondary regulation that refines the legislative framework governing short-term residential rentals and the license application procedures. This is the secondary regulation to the Law introduced last year (covered extensively in our previous article) …
Recent Constitutional Court Decision Echoes the Importance of Data Protection in M&A Transactions
In the contemporary business landscape of Turkey, the role policies regulating the data protection in M&A transactions has gained unprecedented importance, especially in the realm of mergers and acquisitions (M&A). This heightened significance is propelled by the increasing trend of foreign companies entering the Turkish market through acquisitions. These transactions, which often involve complex data …
Key Changes to Turkish Citizenship Applications: 2023 Updates
The landscape of obtaining Turkish citizenship through investment has recently undergone significant modifications, heralding a new era of enhanced due diligence and commitment requirements for prospective investors. This article aims to provide a thorough overview of these pivotal changes, setting the groundwork for a deeper exploration in the following sections. Notably, the revised regulations introduce …
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Increased Minimum Capital Requirement for Joint Stock and Limited Liability Companies
Published in the Official Gazette on 25.11.2023, the Presidential Decree No. 7887 dated 24.11.2023, significantly amends the minimum capital requirements for joint stock and limited liability companies in Turkey. This pivotal change, augmenting the capital amounts set forth since the enactment of the Turkish Commercial Code (TCC) No. 6102 in 2012, carries substantial implications for …
Challenges in Name Change During and After the Acquisition of the Turkish Citizenship by Investment
Obtaining new citizenship is a transformative life event, rich with legal and administrative complexities. Integral to this journey is the option to change one’s name—a choice that is as personal as it is intricate. The act of altering one's name, especially in the context of acquiring Turkish citizenship through investment, involves a nuanced interplay of …
Key Insights from the Constitutional Court: Share Transfer Legitimacy in Joint Stock Companies
In a time of heightened scrutiny over its authority, the Turkish Constitutional Court rendered a landmark decision on 14.09.2023, significantly impacting commercial and corporate law, and especially the share transfers in joint stock companies in Turkey. Central to this ruling are the measures applicable to legal entities and critical interventions in property rights, with a …
Short-Term Rental Regulations in Turkey: New Legal Framework and Impact on AIRBNB Rentals
The significance of tourism in the global economy and the changing habits of travel have made short-term residential rentals a popular alternative among accommodation options. The rise of platforms like Airbnb and the rapid growth of the sector have begun to render existing legal regulations insufficient, necessitating new legislation in many countries, resulting in the …
Electricity Licensing in Turkey: An In-Depth Guide to Market Regulations
Turkey's energy landscape is as dynamic and multifaceted as its rich cultural heritage, with the electricity sector being a cornerstone of its economic vitality. The country's robust growth and strategic geographic position have catapulted the demand for energy, making Electricity Licensing in Turkey a topic of paramount importance for domestic and international stakeholders alike. This …
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Trade Fairs in Turkey: Unpacking the Regulatory and Procedural Essentials
Turkey, strategically poised at the crossroads of Europe and Asia, has long been a hub of trade, commerce, and cultural exchange. This unique geographical advantage, combined with its burgeoning economy, has cemented its position as a focal point for global businesses and investors. An integral aspect of this international commerce is its vast trade fair …
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Unpacking Distributor Agreements in Turkey: What Every Business Should Know
The legal landscape of distributor agreements in Turkey is both fascinating and intricate. Like many jurisdictions worldwide, Turkey does not offer a clear-cut legal definition for distributorship agreements. These agreements, which bridge the gap between producers and the end consumers, have evolved in their scope and importance over the years, creating a need for a …
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