Legal assistance in drafting partnership agreements and establishing joint ventures in Turkey.
Description
**Development of Partnership Relations in Turkey in the Last Decade
Over the last decade, Turkey has made significant progress in developing partnership relations between local and foreign companies.
Most of these partnerships are realized through joint venture models, thanks to the opportunities provided by the updated foreign investment legislation.
According to Turkish legislation, the most common types of joint ventures are:
Contractual partnership registration
Establishment of an ordinary partnership
Creation of a joint stock company (JSC)
Limited liability company (Ltd. Şti.) registration
A joint venture is a partnership model in which the parties operate in continuous cooperation to achieve common goals.
When establishing a foreign-owned business in Turkey, there are many critical issues such as management, profit allocation, risk sharing, determination of responsibilities and company structure.
**Key Objectives of Establishing a Joint Venture
Joint ventures are established to increase operational efficiency and achieve the following objectives:
🌐 Market Enrichment with New Products
Increasing the diversity of products and services to meet consumers' needs more comprehensively.
⚙️ Advancing Technology and Innovations
Integration of modern technologies into business processes and increasing innovation capacity.
💰 Provision of Additional Financing
Increasing the investment power of the parties by utilizing their common capital accumulation.
Advantages of Foreign Investors in Turkey
One of the most fundamental principles of Turkish investment legislation is equal treatment of foreign and domestic investors.
This gives foreign investors the same rights and obligations as domestic companies.
This principle of equality contributes significantly to Turkey's competitive and reliable business environment for international investors.
Joint Venture Formation Process
The procedure for creating a joint venture consists of several stages:
1. Negotiations and Preliminary Agreement
Identification of common goals
Agreement on the cooperation model
Strategic planning
2. Selection of Organizational and Legal Form & Preparation of Documents
Key documents prepared:
Corporate contract
Articles of Association of the Company
Additional agreements specific to the field of activity
Minutes of the shareholders' meeting
3. Approval of the Corporate Agreement
Clarification of all rights and obligations between the parties.
4. Signing the Corporate Agreement
The formal legalization of the partnership.
**5. Registration of Legal Entity
The official registration of the company in accordance with Turkish legislation.
Legal Support in Joint Venture Setup
Our lawyers provide comprehensive legal advice on the establishment and management of joint ventures in Turkey:
Preparation of contracts, agreements and other documents
Legal review of documents submitted by the other party
(including supplier, contractor and investor contracts)
Representing clients in court in lawsuits filed regarding violations of the Convention
Our team is specialized in Turkish corporate law and has extensive experience in international projects.
We provide reliable legal support to our clients at every stage of the joint venture formation, maintenance and management process, taking into account the legal structure and implementation details of Turkey.
