What is the most common type of company for foreigners to establish in Turkey?

The most common forms are the Limited Liability Company (LLC or "Limited Şirket") and the Joint-Stock Company (JSC or "Anonim Şirket"). The LLC is often preferred for small to medium-sized enterprises due to its simpler structure and lower capital requirements, while the JSC is more suitable for larger-scale operations. The right choice depends heavily on your business plan and objectives.

Can a company in Turkey be 100% foreign-owned?

Yes, in most sectors, Turkish law allows for 100% foreign ownership of companies. The principle of "equal treatment" means that foreign investors have the same rights and obligations as local investors. There is no requirement to have a Turkish partner to establish a business.

What should I be most careful about when signing a commercial contract in Turkey?

Key areas to scrutinize include the governing law and jurisdiction clause (which country's law applies and where disputes will be settled), payment terms and currency, termination clauses, and liability limitations. It is highly advisable to have any contract governed by Turkish law reviewed by a local lawyer before signing to ensure it is enforceable and protects your interests.

Practice Areas

Corporate & Commercial Law

Turkey is a major hub for international trade and investment, offering vast opportunities for foreign entrepreneurs and corporations. Success in this dynamic market requires a solid legal foundation. BV Law serves as a strategic legal partner for international businesses, providing expert guidance from market entry and company formation to ongoing operational compliance and complex commercial transactions. We are here to ensure your business thrives on legally secure ground.

We understand that expanding into a new market involves navigating unfamiliar regulations and business practices. Our role is to act as your legal backbone, allowing you to focus on your commercial goals. We assist you in choosing the right corporate structure, draft and negotiate robust commercial agreements that protect your interests, and provide ongoing counsel to ensure you remain compliant with all Turkish regulations. From a simple supply agreement to a complex merger, we are here to support your growth.

Our core services in Corporate & Commercial Law include:

Guiding clients through the entire company formation process in Turkey.
Drafting, reviewing, and negotiating a wide range of commercial agreements (e.g., distribution, franchise, sales).
Providing ongoing corporate governance and regulatory compliance advice.
Advising on mergers and acquisitions (M&A), joint ventures, and corporate restructuring.