How to Refund the in the Limited Company Capital Share Transfer Cost? The transfer of capital shares (share transfer) in Limited Companies is made on the basis of the conditions stipulated in Article 595 of the Turkish Commercial Code. These conditions constitute the validity of the share transfer. If even one of the mandatory elements...
In limited companies, the management authority belongs to a single person holding the title of director or to more than one person. The director or directors can be chosen from among the partners of the company, and it is legally possible to elect a completely foreign person to the company as a manager. As the...
In limited companies, it is possible for the partners of the company to withdraw from the partnership under certain conditions. One of the personal rights of the partner in limited companies is the right to exit the partnership. The right to withdraw includes the partner’s free will to withdraw from the partnership. All rights and...
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Foreigners have the right to work in Turkey within the framework of international law.[1] Benefiting from the fundamental rights in the Turkish Constitution by foreigners is subject to certain restrictions in accordance with international law. In this bulletin, we will convey the most frequently asked questions about the subject such as the conditions required for...
Foreign real or legal persons can purchase real estate from Turkey. In fact, many restrictions regarding this have been removed, making it easier for foreigners to purchase immovable property from Turkey. However, if the foreigner wants to buy real estate in Turkey, he/she is still subject to some special restrictions. Within the framework of these...
One of the most preferred company types in Turkish law is limited liability companies. More limited liability company types are recommended especially for medium-sized enterprises. Limited companies offer advantages to their partners in various aspects. Since they are a capital company, they present an institutional structure. A limited liability company partner is in danger of...
With the transfer agreement of the commercial enterprise, the assets, and liabilities of the enterprise pass to the transferee. When the commercial enterprise is transferred, the issues of who will be responsible for the debts, in what amount, for what period, and from when are kept in mind and are frequently the subject of disputes...
The commercial enterprise is a reference point in the definition and determination of many elements since it is the concept that is taken as “center” in the Turkish Commercial Code (TCC) No. 6102. Commercial enterprises are subject to many legal transactions as important economic factors. One of the most common of these is undoubtedly the...
As in every company agreement, important issues such as the basic structure and functioning of the company, its capital, partnership rights and obligations and management are regulated in the articles of association of limited companies. The articles of association for a company are almost like the constitution of the company. For this reason, the articles of association...
