Turkish Business Lawyers & Commercial Law

When conducting business in a foreign country, it’s essential to have an understanding of its legal landscape, especially for foreigners who may be unfamiliar with the local law. This guide will walk you through the key aspects of business and commercial law in Turkey.

Business and Commercial Law for Foreigners in Turkey

Different countries have distinct interpretations of business law. In Turkey, Foreign Direct Investment Law No. 4875 permits foreigners to establish companies under the same conditions as Turkish citizens. However, it’s essential to understand the specific regulations and nuances to operate seamlessly.

What Is Commercial Law In Turkey? 

Commercial law can be defined as a field of law that regulates the rights and functioning of businesses, sets out the definition of merchant and the requirements of being a merchant, clarifies the issues of commercial companies, their functioning, commercial contracts, bills of exchange, shows the rules to be applied in the resolution of disputes in which the parties are merchants, and covers branches of law such as insurance law and transportation law. 

Essential Features of Turkish Business and Commercial Law

Turkish business law covers several critical aspects, such as commercial businesses, trading companies, negotiable instruments, transportation affairs, maritime trade, and insurance. Understanding these regulations is vital for foreign companies doing business in Turkey. For example, the Turkish Commercial Code emphasizes transparency and requires businesses to keep meticulous financial records.

Corporate Lawyer In Turkey 

Turkish corporate lawyers are lawyers who provide consultancy and litigation services to companies in many areas such as the establishment of companies, providing consultancy as needed in the daily commercial activities of businesses and liquidation of companies. Viridis Legal Partners, your English-speaking Turkish corporate lawyers, can advise you on all aspects of Turkish corporate law, from commercial law to competition law, from insurance law to intellectual property law. 

English Speaking Turkish Commercial Lawyers

Turkish commercial lawyers are the lawyers involved in the solution of legal problems faced by commercial enterprises and sole traders. As Viridis Legal Partners, your English-speaking commercial lawyers in Turkey, we are at your side with our legal services such as commercial litigation, compliance and audit processes, and company counselling.

What Does A Commercial Lawyer Do In Turkey?

Contract Drafting and Review

Whether you’re entering into a new partnership, finalising an agreement, or simply seeking to safeguard your business, our contract experts are here to provide you with comprehensive, tailored solutions that provide peace of mind and mitigate legal challenges. As your English Speaking Turkish commercial lawyers, we take great care in drafting our clients’ contracts that protect our clients’ interests while ensuring clarity and compliance with the Turkish commercial law. We are equally adept at reviewing existing contracts, identifying potential risks, and proposing amendments or revisions when necessary.

Company Formation and Starting a Business in Turkey

Company formation and starting a business in Turkey requires a wide knowledge of local regulations, customs, and legal processes. As Viridis Legal Partners, Turkish commercial lawyers, we specialize in guiding entrepreneurs and corporations through this journey. Our seasoned legal experts provide invaluable assistance in every aspect of establishing your business in Turkey, from selecting the most suitable legal structure to obtaining permits and licenses. We ensure that your venture complies with all Turkish laws and regulations, facilitating a smooth and legally sound startup process.

Mergers and Acquisitions in Turkey

When it comes to company mergers and acquisitions in Turkey, As Viridis Legal Partners, your corporate lawyers in Turkey, we stand as a trusted advisor, guiding our clients through the complexities of these strategic transactions. With our experience in Turkish business law and M&A, we offer comprehensive services that encompass due diligence, negotiation, documentation, and regulatory compliance. We tailor our strategies to align with your specific goals and objectives, whether you’re seeking to expand your market presence, consolidate resources, or divest non-core assets. Our team’s expertise ensures that you navigate the intricate landscape of mergers and acquisitions in Turkey successfully, minimizing risks while maximizing the value of your deal.

Opening a Branch in Turkey

Expanding your business by opening a branch in Turkey is a significant step towards global growth, and our law firm is here to make this journey seamless and legally sound. Our team of experts specializes in providing comprehensive guidance and support throughout the process of establishing a branch in Turkey. From navigating the regulatory landscape and obtaining the necessary permits to complying with tax and labour laws, we ensure that your expansion is not only successful but also fully compliant with Turkish regulations. With our deep knowledge of local business practices and our commitment to client success, you can confidently take the leap into the Turkish market, knowing that you have a dedicated legal partner to help you establish and grow your presence in this dynamic economy.

Dispute Resolution (Arbitration & Litigation)

As Viridis Legal Partners, we offer expertise in dispute resolution, encompassing both arbitration and litigation. When conflicts arise, our seasoned legal team provides strategic guidance and representation to resolve disputes efficiently and effectively. Whether through arbitration, a preferred method for many clients due to its confidentiality and flexibility, or through litigation when necessary, we tirelessly advocate for our clients’ interests. With a track record of success in navigating the intricacies of the legal system in Turkey, we work diligently to achieve favourable outcomes. Our commitment to excellence and unwavering dedication to client satisfaction make us the trusted choice for individuals and businesses seeking resolution in complex legal matters. Trust us to navigate the challenges of dispute resolution, ensuring that your rights and interests are protected at every step of the process.

Common Business Law Issues and Our Solutions

Many foreign companies encounter difficulties with Turkish business law, which possesses distinct characteristics compared to other nations. Issues may arise around several concepts such as contract interpretations, regulations, taxation, and the intricacies of corporate establishment and governance. At Viridis Legal Partners, we have a wealth of experience navigating these complexities. For instance, when a multinational client faced problems with customs and import regulations in Turkey, we successfully negotiated and streamlined the process by liaising with the relevant Turkish authorities.