As G.Saydam & Co family, we not only provide incorporation and consultancy services required on establishing a business in Turkey but also all services you may need on legal counselling and incorporation address.
The New Turkish Commercial Code No. 6102 (“New TCC”) was published in Official Gazette on February 14, 2011. As stipulated in the New TCC and the Law on Effectiveness and Implementation of the Turkish Commercial Code No. 6103 (“Code on Effectiveness of New TCC”), the new code came into effect on July 1, 2012.
The main goal of the New TCC is to develop a corporate governance approach meeting international standards; to foster private equity and public offering activities; to create transparency in managing operations; and to align the Turkish business environment with EU legislation, as well as for the accession period.
Primary amendments in the New TCC can be outlined as follows:
- Partnership Structure
- Registered Capital System
- Intellectual Property Rights