News

Company Formation Proceedings Simplified

The amendments introduced by the Act no. 7099, Law Amending Various Acts for the Purpose of Improving the Investment Environment, incorporation proceedings of Limited Liability Companies and Joint Stock Companies are simplified for both foreign or domestic investors. (10.03.2018)

Bankruptcy Protection through Composition with Debtors instead of “Postponement of Bankruptcy”

The provisions as to “Postponement of Bankruptcy” within the Turkish Execution and Bankruptcy Law and Turkish Commercial Code have been abolished, however in return, the coverage and content of the provisions about Composition with Debtors have been expanded to provide a new alternative for bankruptcy protection. (Act. no. 7101, The Law Amending Execution and Bankruptcy […]

Foreign Capital Enterprises Will File Annual Declarations via E-TUYS System

The regulation amendment imposing Foreign Capital Enterprises in Turkey to file annual declarations or other declarations as to capital structure changes thereof via web-based E-TUYS system (with Ministry of Commerce) is published on 01.06.2018

The Turquoise Card

The Turquoise Card Regulation Introducing Advantages to Qualified Foreign Workers Published ( 14.03.2017).

Applying for Mediation Prior to Litigation Becomes Compulsory for Labor Disputes

The procedures of trials for labor disputes have been amended by the Act no. 7036, Labour Courts Act, whereas applying for mediation proceedings prior to litigation have been imposed as a condition precedent for the labor dispute law suits to be filed after 01.01.2018. However, the labor disputes stemming from occupational accidents or Professional diseases […]

Foreign Capital Enterprises Will File Annual Declarations via E-TUYS System

The regulations governing the implementation of Act no. 6698, Personal Data Protection Law, are being published subsequently. The Regulation About Personal Data Supervisors is published on 30.12.2017 and the Regulation on Operation Procedures and Principles of Personal Data Protection Board was published on 16.11.2017 following the publication of the Regulation on Deletion, Extermination and Anonymization […]

Customs Regulation Amendment Published

Customs Regulation Amendment Published ( 12.01.2017) ; Introducing Amendments as to Manifest Declarations, Arrival and Departure Declarations of Marine Vehicles and Designating the Transition Date to E-Manifest for Airliners as 01.10.2017.

Pay Limits

Maximum Severance Pay Limits for 2017 declared ( January- July 2017)

IP Infringements Will Be Inspected During Customs Forfeiture Auctions

Since a substantial portion of contraband goods are also counterfeits the General Directorate of Customs issued a new arrangement on 12.07.2017 which is enabling the officers to inspect for the infringements of IP recordals filed through Annex -13 forms with the customs (recordals pursuant to article 103 of Customs Regulation and article 57 of Customs […]

New Regulation for Freight Forwarders Published

The new regulation introducing various novelties such as compulsory authorization certificate, minimum subscribed capital limits is published on 07.07.2018, to enter into force as of 01.01.2019.