Makale

The board of directors of joint stock companies and the board of managers of limited liability companies are tasked with preparing the annual activity report and inancial tables of the relevant company. As a general principle, companies, alone or together with their subsidiaries and ailiates, meeting any two out of […]

Required Documents While the documents required to establish a joint stock or limited liability company in Turkey are quite few in number, their bulk and the time required to obtain them is ultimately determined by the number and location of the shareholders and directors. As the establishment of a company […]

Liquidation of Joint Stock Companies and Limited Liability Companies A joint stock or limited liability company may be dissolved based on the grounds for dissolution set forth under its articles of association, by a general assembly resolution, or upon the declaration of bankruptcy by competent court. They may also be […]

Under Turkish law, labour legislation is applicable to almost all employees, regardless of the size of the employer for which they work. The most signiicant piece of labour legislation in Turkey is the Labour Law. Other signiicant pieces of legislation relating to employment matters are as follows: (i) the provisions […]

With a view to support the participation of disabled people in the labour market, Turkish law requires that employers employing ifty or more people in one workplace must hire a certain number of disabled personnel. Accordingly, the number of disabled employees to be hired under this framework should be equal […]

Remuneration Payment of salary is the main obligation of the employer under Turkish law. The employee’s main salary has to be monetary and cannot be paid in kind. The net salary does not include premiums, bonuses, social beneits and other side beneits to be provided to the employee. The salary […]

Criteria for Employers to Employ Foreigners In order to employ a foreigner, the employer must meet certain criteria with respect to its company’s minimum paid capital, its gross sale amounts, its exportation amounts and the number of Turkish employees it employs in its company. For all criteria to be met […]

Overview Turkish law distinguishes among (i) termination without cause, (ii) termination for valid cause, iii) termination for just cause, and (iv) collective dismissal. An employment agreement can be terminated (i) by the employer without any cause or for valid cause, or (ii) by either the employer or the employee for […]

In case of a transfer of the whole or a part of the business from an employer to another, on the date of transfer, all employment agreements with all of their rights and obligations in that workplace or in the part thereof shall be transferred from the transferor employer to […]

The Turkish Constitution allows employees and employers to establish and join a trade union. Trade unions may be established to operate in one of the 20 industries (i.e. hunting, ishing, agriculture and forestry, food industry, mines and quarry, petrol-chemicalsrubber-plastic and pharmaceuticals, weaving-ready wear-and leather, paper and forestry, communication, press-publication and […]