FORMING A COMPANY UNDER TURKISH LAW

Commercial legal entities in Turkey are defined in the Turkish Commercial Code, which is the authoritative source for all Turkish Commercial transactions. Though, foreign entities may also establish non-trading liaison offices under the rulings of this Code. The Turkish Commercial Code does not limit the type of company the foreign enterprise may have. Such enterprises may be established as in the form of either a limited Liability Companies (LTD), or a joint stock corporations (A.Þ.), or a branch of a foreign company. An ordinary partnership (joint venture), which is defined under the Code of Obligations, can also be established. It should, however, be noted that an ordinary partnership lacks a formal legal identity and therefore cannot contract or employ staff in its own name.

The following questions have been addressed in this article:

What are the rules related to ordinary partnerships in Turkish law?
What are the rules related to personal partnership in Turkish law?
What are the rules related to capital partnership in Turkish law?
What are the types of capital partnership in Turkish law?
What are the rules related to consortium and joint ventures in Turkish law?

Continue...

Facebook Twitter RSS