On April 21, 2022, a press briefing on the Communiqué No. 2022-32/66 has been released on the web page of Ministry of Treasury and Finance to provide further details on the implementation of Communiqué No. 2022-32/66.
In Turkey, the companies can be incorporated in accordance with various laws. The companies incorporated according to the Turkish Commercial Code are classified as sole proprietorships and equity companies. On the other hand, the cooperative companies can be specified according to the Cooperatives Law and the ordinary partnerships can be specified according to the Code of Obligations.
Foreign CSOs are subject to legislation applicable to local CSOs. A Foreign Civil Society Organizations as per Turkish law defined as associations with their headquarters abroad and non-profit organizations other than associations and foundations.
On 21 October 2021, Regulation for the amendment of the Regulation on Associations published in the Official Gazette numbered 31635. Important amendments, especially within the framework of Foreign Aid and Auditing of Associations have been introduced to the Regulation on Associations.
On December 26, 2020, Bill on Prevention of the Financing of the Proliferation of Weapons of Mass Destruction (WMD), deliberated and enacted during the 40th plenary session of Grand National Assembly. New law aiming to regulate the procedures and principles for the implementation of the resolutions of UNSC regarding the prevention of the financing of [...]
LEGAL BASE : Law No 5253 on Associations and Turkish Civil Code Nr.4721. GOVERNING DOCUMENTS : ANNEX – 9 : Statute ANNEX – 6 : Application Form for Foreign Legal Entities Necessary for Carrying Out Activities in Turkey ANNEX – 8 : Annual Activity Report
The upper limit for severance pay for the period from July 1, 2025, to December 31, 2025, has been set at 53.919,68 TL.
