How to Ensure the Validity of Turkish Real Estate Contracts I. Introduction to Promise of Sale Contracts In the vast and intricate landscape of property dealings, real estate contracts serve as the bedrock of transactions, ensuring that both parties' interests are adequately safeguarded. Among these, the promise of sale contracts emerges as an especially significant …
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A Strategic Guide for Investors I. Intorduction Turkey's prominence in the global medical tourism sector has grown steadily over recent years. With the country attracting approximately 338,000 foreign patients in 2020, this number surged to 624,444 in 2021 and reached 1.258 million in 2022. Projections suggest that by 2023, this figure could touch 1.8 million. …
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Criticial Insights from ECHR and the Turkish DPA I. Introduction In a world where the digital realm has become deeply intertwined with our daily lives, the importance of data protection cannot be overstated. Turkey, as a part of its commitment to safeguarding its citizens' rights, has enacted stringent regulations regarding the processing of personal and …
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Arbitration Agreements: A Key to Swift and Efficient Dispute Resolution I. Overview Arbitration, often referred to as "tahkim" in Turkish legal terminology, is a crucial alternative dispute resolution method in Turkey. It offers significant advantages over traditional litigation, primarily due to its ability to provide faster resolution of disputes. Unlike state courts, which may take …
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Navigating the intricacies of obtaining a work permit in Turkey, especially within its Free Zones, necessitates a deep understanding of the underlying regulations and procedures. For foreign nationals aspiring to work in Turkey, this guide elucidates the essentials. Deciphering the Work Permit Regulations in Turkish Free Zones The framework governing the acquisition of work permits …
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Since its inception in 2017, when the Turkish Citizenship by Investment Program was first unveiled, ASY LEGAL has been at the forefront, offering bespoke consultation to our esteemed clientele. Our legacy in Turkish immigration and citizenship by investment is rooted in profound expertise and a consistent record of success. Our mission is simple: to provide …
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Tax Refund in Turkey - Procedures Applicable to Imports & Exports 1. Overview Tax refund in Turkey is an issue that needs careful consideration. Turkey has a complex tax system, which can sometimes cause issues to foreign investors when trying to implement a profitable tax structure for their businesses. This is especially the case for …
Av. Ali Yurtsever 1. Overview The main legislation governing the duties, responsibilities and the liabilities of board members of capital companies in Turkey, (JSCs and LLCs) is the Turkish Commercial Code No. 6102, (TCC). As a rule, the TCC requires the Board Members to act as cautious executives and protect the interests of the company …
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A Guide for New Investors from Av. Ali Yurtsever 1. INTRODUCTION - HEALTH TOURISM IN TURKEY Turkey has been a leading force in medical tourism market around the world for some time now. Although the market did take an initial hit with the emergence of Covid-19, it quickly recovered to pre-pandemic numbers once the travel …
1. OVERVIEW Over the past few years, several different developments, both transnational and domestic, have had effect of making capital investment in Turkey a more desirable and approachable prospect for foreign investors. These developments range from global socio-political changes to internal economical issues Turkey has been experiencing these past several years, making it an affordable …
