Turkey Dictionary

  • MERNIS

    🏷️ Turkish: MERNİS Turkey’s central population administration system that stores the data of all citizens and foreign residents. 💡 Example: Your residency address must be registered in the MERNIS database to verify your identity for official bank transactions. 🔗 Related Service: Residence & Work Permit 📎 Need help? Book a Free Consultation here: /contact

  • MERSIS

    🏷️ Turkish: Merkezi Sicil Kayıt Sistemi The mandatory digital registry system used for all company formations and corporate changes in Turkey. 💡 Example: You must submit your company’s articles of association through MERSIS to receive your official registration number. 🔗 Related Service: Company Formation in Turkey 📎 Need help? Book a Free Consultation here: /contact

  • Military Zone

    🏷️ Turkish: Askeri Bölge Restricted areas where foreigners are legally prohibited from purchasing property due to national security concerns. 💡 Example: Before buying a coastal plot, we must verify that it is not located within a restricted military zone. 🔗 Related Service: Investment Advisory 📎 Need help? Book a Free Consultation here: /contact

  • Ministry of Trade

    🏷️ Turkish: Ticaret Bakanlığı The government body overseeing company registrations, foreign trade policies, and consumer protection in Turkey. 💡 Example: The Ministry of Trade regulates the legal procedures for establishing a branch office of a foreign company. 🔗 Related Service: Company Formation in Turkey 📎 Need help? Book a Free Consultation here: /contact

  • Ministry of Treasury and Finance

    🏷️ Turkish: Hazine ve Maliye Bakanlığı The ministry responsible for economic policy, tax collection, and managing the national budget. 💡 Example: This ministry issues the tax identification numbers required for all foreign investors to operate in Turkey. 🔗 Related Service: Legal & Tax Consulting 📎 Need help? Book a Free Consultation here: /contact

  • Mortgage

    🏷️ Turkish: İpotek A legal claim on a property used as collateral for a loan, allowing the lender to sell the asset if the debt is not repaid. 💡 Example: You must check the title deed at the registry to ensure the property you are buying has no existing mortgage. 🔗 Related Service: Investment Advisory…

  • Liquidation

    🏷️ Turkish: Tasfiye The formal legal process of closing a company, paying off its debts, and distributing its remaining assets to shareholders. 💡 Example: If you decide to exit the market, you must appoint a liquidator to officially manage the company liquidation process. 🔗 Related Service: Ongoing Management 📎 Need help? Book a Free Consultation…

  • Municipal Tax

    🏷️ Turkish: Belediye Vergisi Local taxes collected by municipalities, including property tax and garbage collection fees. 💡 Example: As a property owner, you will pay your annual municipal tax in two installments to the local district office. 🔗 Related Service: Legal & Tax Consulting 📎 Need help? Book a Free Consultation here: /contact