ARTICLES

According to #Law No.805 on "#Obligation to Use Turkish Language by Commercial Enterprises", #Turkish companies are obliged to execute all #contracts in Turkish language within Turkey. However this regulation is mostly not applicable to today's commercial life considering foreign investments and projects.

Investors may decide to participate into an existing company or establish a new one. The conditions and procedures for company establishment in Turkey are the same as applied to Turkish citizens. Investor may generally choose to incorporate a Joint Stock Company (JsC) or Limited Liability Company (LLC). Both company forms may be established by a sole partner and/or %100 foreign shareholder/s. Minimum capital requirement for LLC is 10.000TL and JsC is 50.000TL. Setting up a business in Turkey may provide the opportunity to acquire Turkish citizenship by investment or long-term residence permit under the same circumstances. Please do not hesitate to contact us info@sevincyoner.com for further questions.

There are many benefits of exceptional acquisition of Turkish Citizenship some of which are listed below. Acquisition of Turkish Citizenship by investment also provides great opportunity for free education and healthcare services. Turkey allows multiple citizenships and you do not have to reside in Turkey before and/or after acquisition of the citizenship.

Getting child contact for divorced parents is also a recognised right for their children. The court basically will consider the best interests of the child when granting an order in respect of personal relationship. Article 323-324 of the Turkish Civil Code regulates the child contact for parents. Under certain circumstances third parties i.e. grandparents shall also have the right of maintaining personal relationship with the child according to Article 325.

Regulation on Implementation of Turkish Citizenship Law has been amended on Sep. 18th, with Decision In this scope, new amounts are as follows: Fixed Capital Investment in the amount of USD 500,000 –to be certified by the Ministry of Industry and Technology-

Regulation on Implementation of Turkish Citizenship Law has been updated to extend the conditions of acquiring Turkish citizenship for foreign investors without the necessity of uninterrupted residency for five years. In this scope, foreign investors who meet one of the below mentioned conditions shall be considered eligible to acquire Turkish citizenship -upon proposal of the Ministry of Interior and decision of the Cabinet: