Establishing a business in Turkey 2017
The Republic of Turkey has a civil law legal system. Under the Turkish Constitution, the Grand National Assembly is the supreme legislative authority and can create or abolish any law. All state power is derived from the Constitution. Sovereignty belongs to the nation without any reservation or condition and is exercised through competent organisations in compliance with the principles set out in the Constitution. The assembly is composed of 550 deputies elected from 81 provinces and 85 electoral districts.
© Thomson Reuters 2017
This article was first published in the Finance Global Guide 2016/17
and is reproduced with the permission of the publisher, Thomson Reuters.
The law is stated as at 1 November 2017.