Establishing a Business in Turkey 2019

We responded to a questionnaire focusing on establishment of business in Turkey by foreign investors.

What is the legal system in your jurisdiction based on (for example, civil law, common law or a mixture of both)?

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.

Turkey held a long-awaited referendum on 16 April 2017, with a majority of Turkish citizens voting for constitutional changes. Following the referendum, various articles of the Turkish Constitution have been amended. For example, the number of members of the Turkish Parliament has been increased to 600 and the age of political candidacy has been lowered to 18 years.

For full copy of the article, please click here.

This article was first published in the PLC “Establishing a Business in Turkey 2019” and is reproduced with the permission of the publisher, Thomson Reuters.