Imagine you have a great idea for a business in Turkey. You have discussed it with your partners and friends, not only that but you have done your market research for Turkey, received lots of local advice and encouragement, and finally you have spoken to various banks and financiers. Everyone seems to be in accord, the idea would work well in Turkey and it would generate a lot of good business. Now you must deal with the Turkish authorities, so how easy do you think this would be?
Wednesday, October 27, 2010
With the passage of the Foreign Direct Investment Law in 2003, the process of establishing a company in Turkey has become a lot easier.Foreign nationals may now become shareholders of Turkish companies with no capital investment requirement and are allowed to establish any type of entity available under Turkish law. Depending on the type and size of your company, there are many incentives available to encourage inward investments. For instance, the Turkish Board of Ministers has recently passed a decision that would allow for customs tax and VAT immunity, as well as a substantial reduction in the corporate tax for newly established companies that creates jobs in certain areas of Turkey.
Tuesday, October 26, 2010
It is not uncommon to imagine an international divorce case where one of the spouses is a Turkish Citizen, the other, an Italian Citizen, both residing in Germany; one party initiates divorce proceedings in Germany, while the other later files another divorce case in Turkey, believing that this action would be advantageous.