Legal assistance in partnership agreements and joint venture creation in Turkey

Over the past decade, Turkey has made significant strides in developing partnerships between local and foreign companies. Most of these partnerships are implemented through joint ventures, made possible by updated foreign investment legislation.

According to Turkish law, the most common forms of joint ventures are:

• Registration of a contractual partnership.
• Establishment of a simple partnership.
• Creation of a joint stock company.
• Registration of a limited liability company (LLC).

A joint venture is a form of cooperation in which participants interact on an ongoing basis to achieve common goals. When creating companies with the participation of foreign partners in Turkey, many nuances arise, including issues of management, profit sharing, risk distribution and regulation of the parties' liability.

Main goals of creating joint ventures

Joint ventures are created to improve the efficiency of the parties and achieve the following objectives:

• Saturating the market with new products. Creating opportunities to better meet consumer needs.
• Attracting advanced technologies and innovations.Integration of modern developments into business processes.
• Additional financing.Increasing capital through pooling the resources of participants.

Advantages of foreign investors in Turkey

One ​​of the key principles of Turkish investment law is equal treatment of foreign and domestic investors. This means that foreign entrepreneurs are given the same rights and responsibilities as local companies, which helps create a favorable business climate for foreign investment.

The process of creating a joint venture

The procedure includes several stages:

1. Negotiations and preliminary agreement. Determination of goals, format of cooperation and conditions of interaction.

2. Choice of legal form and preparation of documentation:

• Corporate agreement.
• Charter of the enterprise.
• Additional agreements relating to the specifics of the activity.
• Minutes of meetings of participants.

3. Approval of a corporate agreement. Approval of all conditions and obligations of the parties.

4. Signing of a corporate agreement. Securing agreements in legal form.

5. Registration of a legal entity. Registration of the company in accordance with Turkish legislation.

Legal support for creating joint ventures

Our lawyers provide a full range of services to support the creation and management of joint ventures in Turkey, including:

• Development and drafting of contracts, agreements and agreements.
• Legal analysis of documents provided by counterparties, including contracts with suppliers and contractors.
• Representing clients in court on issues related to the execution of contracts.

Our team has professional knowledge in the field of Turkish corporate law and significant experience in working with international projects. We take into account the specifics of Turkish legislation and provide our clients with reliable legal support at all stages of creating and running a joint business.