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Basaksehir, Turkey Attorneys in related practice areas.
Basaksehir, a rapidly developing district in the European part of Istanbul, is home to a growing number of businesses, ranging from small startups to established companies. Corporate and commercial law in Basaksehir is governed by Turkish national laws, particularly the Turkish Commercial Code and related legislation, but the district's unique economic landscape also affects how legal matters are approached. Businesses in Basaksehir deal with a variety of legal topics, such as company formation, mergers and acquisitions, commercial contracts, compliance, and dispute resolution. Legal professionals in the area assist both local and international businesses in handling the complexities of operating in this dynamic environment.
There are many scenarios where seeking legal assistance in corporate and commercial matters becomes essential. You may need a lawyer if you are:
Turkish corporate and commercial law is primarily shaped by the Turkish Commercial Code, the Turkish Code of Obligations, and several other related laws and regulations. Businesses operating in Basaksehir benefit from being close to Istanbul's financial and commercial hubs, but must adhere to the legal requirements enforced at both national and local levels.
Key aspects of the law relevant to Basaksehir include:
The most common business entities are Joint Stock Companies (AŞ) and Limited Liability Companies (Ltd. Şti.), each with different legal and tax requirements. Other forms include sole proprietorships and partnerships.
No, there is no legal requirement for foreign investors to have a Turkish partner; foreigners can own 100 percent of a Turkish company unless specific sectoral restrictions apply.
You will need to prepare articles of association, deposit minimum share capital, register with the Istanbul Trade Registry, and obtain a tax number and relevant licenses, depending on your business activity.
Typically, company formation can be completed within one to two weeks, provided all documents are in order and required procedures are followed.
Essential elements include the parties’ details, the subject matter, rights and obligations, payment terms, dispute resolution methods, and termination clauses. It is important to ensure the contract is clear, comprehensive, and compliant with Turkish law.
Disputes may be resolved through negotiation, mediation, arbitration, or litigation in Turkish courts. The best method depends on the nature of the dispute and the parties’ agreement.
You should register trademarks, patents, and copyrights with the Turkish Patent and Trademark Office. Legal action can be taken against infringement according to Turkish laws.
All businesses must register for tax with the Turkish Revenue Administration and comply with national tax laws, including corporate income tax, VAT, and other applicable taxes or fees.
While national incentives may apply, including tax reductions and support schemes, Basaksehir benefits from being part of the greater Istanbul region, which is attractive for foreign investment due to its developed infrastructure and business ecosystem.
Bankruptcy procedures are governed by Turkish insolvency law. It is important to seek immediate legal advice to understand your rights and obligations, protect assets, and navigate the court-supervised process.
If you need more information or support regarding corporate and commercial legal matters in Basaksehir, consider these resources:
If you require legal assistance in corporate and commercial matters in Basaksehir, it is recommended to:
Professional support can help you manage complexities, prevent disputes, and achieve your business goals effectively in Basaksehir’s dynamic commercial environment.
