🏷️ Turkish: Miras The legal transfer of property ownership after death. Foreigners can inherit property in Turkey under certain legal conditions defined by reciprocity. 💡 Example: Foreigners can inherit their parents’ Turkish apartments, but they must follow specific legal notification steps through a local court. 🔗 Related Service: Legal & Tax Consulting 📎 Need help?…
🏷️ Turkish: Yabancı Kimlik Numarası (YİK) A unique 11-digit ID number assigned to foreigners with a valid Turkish residence permit,,. 💡 Example: You will need your Foreigner Identification Number (YİK) to open a bank account or access the e-Devlet portal,. 🔗 Related Service: Residence & Work Permit 📎 Need help? Book a Free Consultation here:…
🏷️ Turkish: Fikri Mülkiyet Legal rights protecting inventions, trademarks, copyrights, and industrial designs under Turkish law through registration. 💡 Example: You should register your software’s source code as intellectual property to protect it from unauthorized use or duplication in Turkey. 🔗 Related Service: Legal & Tax Consulting 📎 Need help? Book a Free Consultation here:…
🏷️ Turkish: Haciz The legal seizure of property by a creditor when an owner fails to pay their debts,,, . 💡 Example: Before buying any real estate, you must check the title deed to ensure there are no foreclosure records on the property, . 🔗 Related Service: Legal & Tax Consulting 📎 Need help? Book…
🏷️ Turkish: Franchise A business model where a company grants another party the right to operate under its brand and system,,, . 💡 Example: Many foreign entrepreneurs enter the Turkish market by opening a franchise of a globally recognized retail brand, . 🔗 Related Service: Investment Advisory 📎 Need help? Book a Free Consultation here:…
🏷️ Turkish: Genel Vekaletname A broad legal document that grants someone the authority to act on your behalf in almost all legal and financial matters. 💡 Example: You should use a general power of attorney only with a highly trusted representative to manage all your business affairs in Turkey. 🔗 Related Service: Company Formation in…
🏷️ Turkish: Yüksek Teknoloji Yatırım Teşviki A government program offering enhanced incentives for investments in high-technology and strategic sectors to boost national innovation. 💡 Example: If you invest in electric vehicle production, you can apply for the HIT-30 program to receive major tax breaks. 🔗 Related Service: Investment Advisory 📎 Need help? Book a Free…
🏷️ Turkish: Örtülü Sermaye Loans from shareholders that are treated as equity for tax purposes to prevent the abuse of debt financing for tax avoidance. 💡 Example: If you lend money to your own company instead of increasing capital, it may be flagged as hidden capital by tax authorities. 🔗 Related Service: Legal & Tax…
🏷️ Turkish: Örtülü Kazanç Occurs when transactions between related parties are not conducted at market value, leading to potential tax penalties. 💡 Example: Buying goods from a sister company at inflated prices could result in a hidden profit distribution penalty from the tax office. 🔗 Related Service: Legal & Tax Consulting 📎 Need help? Book…
🏷️ Turkish: Holding Şirketi A corporate structure that owns shares in other companies and focuses on investment management rather than direct commercial operations. 💡 Example: You might establish a holding company in Istanbul to manage your various hotel and construction subsidiaries under one roof. 🔗 Related Service: Investment Advisory 📎 Need help? Book a Free…