Best Fintech Lawyers in Ankara

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Pi Legal Consultancy

Pi Legal Consultancy

15 minutes Free Consultation
Ankara, Turkey

Founded in 2021
55 people in their team
English
Spanish
Turkish
 Pi Legal Consultancy [PiLC] is a legal & business consulting international law office in Turkey. We have four offices based in İstanbul, Ankara and Batman. We also enjoy solution partners and lawyers based in most European Countries, Canada and the United States. PiLC is one of the...
Judex Chambers
Ankara, Turkey

Founded in 2021
2 people in their team
Turkish
English
Azerbaijani
Kazakh
Although our legal services are not limited to the subjects mentioned below, we provide all kinds of services within the borders of Turkey, and in the European and Middle East regions on the axes of human rights, fundamental freedoms and arbitration.Our sample work areas:İnternational law,...

Founded in 2014
8 people in their team
Turkish
English
About UsWelcome to KIRCI Law Office, a full-service Intellectual Property (IP) law firm based in Ankara, Turkey. We focus on protecting and representing our clients' intellectual property rights and offer services regarding Trademarks, Patents, Designs, Copyrights, Trade Secrets, etc.We have...
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About Fintech Law in Ankara, Turkey

The field of Fintech in Ankara, and Turkey in general, is rapidly evolving. The government actively supports fintech innovation, and there are numerous regulations that address key areas such as payment services, digital currencies, and crowdfunding. The Banking Regulation and Supervision Agency (BRSA) and Turkish Financial Crimes Investigation Board are two important regulatory bodies for Fintech in Turkey.

Why You May Need a Lawyer

Due to the increasing complexity of the fintech industry along with numerous local and international regulations, it is often imperative to seek a lawyer's help. Legally, fintech companies need to ensure compliance with laws addressing issues like data protection, anti-money laundering, and financial promotions to name a few. A lawyer can help navigate these complexities, resolve potential disputes, provide advice about international legal frameworks, and ensure that your business is protected legally.

Local Laws Overview

In Ankara, fintech firms fall under the regulatory purview of multiple legal frameworks including the Banking Law, the Capital Markets Law, the Payment and Security Settlement Systems, Payment Services and Electronic Money Institutions and the Law on the Protection of Personal Data. The BRSA, the Capital Markets Board and the Personal Data Protection Authority are some of the regulatory groups to be familiar with.

Frequently Asked Questions

Do foreign fintech companies need to adhere to Turkey's laws?

Yes, all fintech companies operating in Turkey, local or foreign, need to adhere to Turkish law and regulatory frameworks.

What body oversees data protection in the fintech sector?

The Personal Data Protection Authority oversees data protection and privacy in Turkey, including in the fintech sector.

What are the penalties for non-compliance with fintech regulations?

Penalties can be severe and involve substantial fines, damaging business reputation, and even potential jail time for serious infringements.

Can I start a fintech company without a Turkish residency?

While Turkey encourages foreign investment, certain type of services such as payment and electronic money services do require the company to be registered in Turkey. A local legal expert can provide a detailed understanding based on your specific business model.

Are cryptocurrencies legal in Turkey?

While cryptocurrencies are not officially recognized as legal tender in Turkey, their use is not banned either. However, the regulatory environment is uncertain and it is crucial to consult legal advice for this rapidly evolving field.

Additional Resources

The official websites of the Turkish Banking Regulation and Supervision Agency, Capital Markets Board, and Personal Data Protection Authority can provide valuable information and updates. Also, various fintech start-up organizations and networking platforms exist in Ankara and can be very helpful resources.

Next Steps

If you require legal assistance concerning fintech issues in Ankara, the first step is to contact a lawyer experienced in the area of fintech law. Confirm the lawyer's credentials, discuss your needs and be prepared to collaborate closely with him or her to ensure that your financial tech venture is legally compliant and protected.

Lawzana helps you find the best lawyers and law firms in Ankara through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Fintech, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Ankara, Turkey - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.