- Middle East
Turkish Legal Newsletter: Basic Series No. 3
Practical Considerations for Company Establishment and Registration in Turkey: Use of MERSIS (CRRS) and Electronic Signature Issues
In our second issue, we compared the legal characteristics and updated minimum capital requirements of Joint Stock Companies (AŞ) and Limited Liability Companies (LTD), the principal corporate forms in Turkey. In this issue, we focus on the practical procedures for establishing these entities, the use of digital registration platforms, and document legalization (notarization/apostille) issues frequently encountered by foreign investors. Since the enactment of the Foreign Direct Investment Law (Law No. 4875) in 2003, Turkey has significantly streamlined procedures for foreign investment, transitioning from a screening/approval regime to a notification-based system. This reform has effectively enabled a “one-stop-shop” mechanism under which company registration can, in principle, be completed within a single day. Foreign investors may establish companies on the same footing as domestic investors...To read the full article, please see the PDF file
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Middle East Newsletter
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Authors
In addition to seven years' experience in Vietnam, Taro also has experience in working as in-house counsel for a major trading company. He has strong expertise in cross-border M&A/joint ventures, real estate development, labor, compliance, crisis management deals, and international transactions. In recent years, the scope of his work has expanded to include Turkey and other Middle Eastern countries. He is also a member of the Agrifood Practice Team.
Suguru KURODA
- Associate
- Tokyo
Momoe IKEMOTO
- Associate
- Tokyo
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As an attorney belonging to a Japanese law firm, Masao is the only long-term resident attorney in the Middle East. From Dubai, a hub in the MENA region, he covers a broad area including the Gulf countries, Iran, Israel, Turkey, Egypt, etc.
Masao frequently deals with legal issues inherent to the Middle East, such as commercial agency laws, foreign investment restrictions, and economic sanctions, and has been involved in numerous Middle-East-related seminars and articles.
In the Middle East, where divergences between laws and practices are a frequent issue, he is able to provide practical advice that goes beyond a mere understanding of the contents of applicable laws, drawing on his diverse range of experience and personal connections in the region.
Masao has close relationships with major law firms in each country and coordinates with such firms in an appropriate and timely manner, including controlling attorneys’ fees.
He has also been involved in infrastructure projects worldwide, including at a Japanese investment and trading company and a UK law firm to which he was seconded.