Turkey is world’s one of the rapidly-growing economies with its foreign trade capacity exceeding 391 billion USD annually. Turkey’s leading trade partner is Germany with over 21.3 billion USD import and 15.1 billion USD export, followed by other trade partners such as Russia, the United...
Writing and Preserving Wills of Foreigners in Turkey For foreign nationals who have assets or funds in Turkey, writing wills and preserving their estates is a common issue. The most frequently asked questions are how to write a will in Turkey that will be accepted...
5 MOST FREQUENTLY-ASKED QUESTIONS ON HOW TO BUY REAL ESTATE IN TURKEY 1) How to Legally Buy Real Estate in Turkey? In Turkish law, real estate purchase contracts can only be drafted by and signed in land registry offices (“Tapu”). Any other written contract regarding...
SEXUAL CONSENT LAWS IN TURKEY What is the Age of Consent in Turkey? In Turkey, the age of consent, which is the legal age for engaging in sexual activity, is established at 18 years old. This aligns with the country’s efforts to protect minors and...
As Bitcoin surges, it becomes more and more mainstream, leading the way to property transactions via Bitcoin. With the world’s biggest companies announcing that they now accept Bitcoin as payment for their products, individual property sellers and buyers will inevitably have to deal with Bitcoin...
Common Questions on Turkish Citizenship by Investment Turkish citizenship rules are straightforward. The following are some of the most frequently-asked questions on Turkish Citizenship by Investment What are the Benefist of Turkish Citizenship? The reason that most investors prefer the Turkish CBI program is so...
In the Turkish Commercial Code numbered 6102, liability insurances are specially regulated under the said section there are general provisions regarding liability insurances (TCC art. 1473-1482) and special provisions regarding compulsory liability insurances (TCC art.1483-1484). With the needs of the society, new risks have emerged,...
106th Turkish Presidential Order dated 18 September 2018 has introduced new and important changes to the Regulation on the Application of Turkish Citizenship Law. As per this newly introduced law, foreigners who purchase a real estate worth at least 400,000 USD in Turkey may now...
Personal Data Protection Law (KVKK), the Turkish counterpart of the European General Data Protection Regulation, passed in 2016 but came into full effect throughout 2019. Data Privacy Under KVKK, personal data is any data that can identify a person directly or indirectly. In this respect,...
Lawsuits and Compensation in Turkish Law How is Unjustified Enrichment Defined in Turkish Law? Unjustified enrichment means that one party, through its assets or effort, increases another party’s assets (or decreases its debts) on an unjustified reason. This unjustified reason is usually a contract which...
Ship Mortgage Under Turkish Maritime Law Maritime Law ATTORNEY BARIS ERKAN CELEBI I. INTRODUCTION Maritime Law The commercial value of ships and the fact that they are the main subject of maritime law have made them an important element of economic life. On the...
Punitive Indemnity in Anglo American Law The compensation logic in Continental European law is based on the principles of offsetting and proportionality to the damage incurred. We see that the ongoing practice of compensation in Anglo-American law is based on a much different basis. In...
Under Turkish Inheritance Law, a foreign national who is the next of kin of a deceased person is the legal heir and inheritor of the estate left behind. As a rule, this estate is divided according to the laws of the deceased person’s own nation....
Real Estate Purchase and Sale and Mortgage in Turkish Law The conditions required for the legal transfer of real estate in Turkish Law are as follows: Registration in the land registry and a valid legal reason for the registration in question. Registration is made upon...
TURKISH RESIDENCE PERMIT (UPDATED 2024) What is Turkish Residence Permit? (also known as TRP, TRC, Turkish Residence Card, Turkish Touristic Permit or Turkish Red Card) Turkish residence permit allows foreign nationals to stay in Turkey after their visa (or the period of their visa-free stay)...
10 Major Differences Between Limited Liability Companies and Joint-Stock Companies In Turkish corporate law, the two most-commonly seen commercial legal entities are limited liability companies and joint-stock companies. For foreign investors, it can be complicated when it comes to decide whether to incorporate a limited...
Bad Real Estate Deals: How to Recover Losses? One of the most common legal disputes that foreign nationals face in Turkey is a bad real estate deal. These disputes consist of two elements: A buyer (usually a foreign national) makes a down payment (“deposit”) or...
