219 terms found
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...
Liquidity
🏷️ Turkish: Likidite A financial term referring to how quickly an asset, such as real estate or stocks, can be converted into cash without significant loss. 💡 Example: Before investing...
Litigation
🏷️ Turkish: Dava The formal legal action taken in a court of law to resolve a dispute between parties through a judge's ruling. 💡 Example: Your lawyer will represent your...
Local Representation
🏷️ Turkish: Yerel Temsilcilik Having a trusted local partner or authorized person to handle daily operations and official matters within Turkey. 💡 Example: Many foreign investors hire a local firm...
Long-Term Residence Permit
🏷️ Turkish: Uzun Dönem İkamet İzni A permanent residence permit granted to foreigners who have lived legally and continuously in Turkey for at least eight years. 💡 Example: After living...
Management Fee
🏷️ Turkish: Aidat A monthly payment made by property owners for the maintenance, security, and cleaning of shared building facilities. 💡 Example: You will pay a monthly management fee to...
Mediation
🏷️ Turkish: Arabuluculuk A voluntary process where a neutral third party helps conflicting parties reach a mutual agreement without going to court. 💡 Example: Before starting litigation, you may attend...
Medical Visa
🏷️ Turkish: Medikal Vize A visa for foreigners seeking treatment in Turkish hospitals, requiring a letter confirming the appointment and treatment plan. 💡 Example: You can apply for a medical...
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...
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...
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...
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...
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...
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:...
Motor Vehicle Tax (MTV)
🏷️ Turkish: Motorlu Taşıtlar Vergisi An annual tax on vehicles based on engine size, age, and price, paid in two installments every year. 💡 Example: If your company owns an...
Multiple Listing Platform
🏷️ Turkish: İlan Platformu Online websites where properties are listed for sale or rent by agents and individual owners. 💡 Example: Most real estate agents use multiple listing platforms to...
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...
NACE Code
🏷️ Turkish: NACE Kodu An international standard classification used to define and register the specific business activities of a company. 💡 Example: You must select the correct NACE code during...
Notary Public
🏷️ Turkish: Noter A public official authorized to verify signatures, certify documents, and legalize official contracts and translations. 💡 Example: You will need to visit a notary to legalize your...
Occupancy Permit
🏷️ Turkish: İskan Belgesi An official document confirming that a building is safe, finished, and complies with all local construction regulations. 💡 Example: Never finalize the purchase of a new...