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NEWSLETTER 2013

356

abroad shall be registered as if they are local commercial enterprises,

without prejudice to the provisions of their own national laws related to

the title of a company.

Moving the Headquarters of Foreign Companies to Turkey

Turkish law enables the headquarters of a company established

abroad to be moved to Turkey. Pursuant to the Trade Registry Regulation

issued by the Ministry of Customs and Trade, certain documents should be

provided, such as: the documents required for registration of a commercial

enterprise or a commercial company, a document certifying that the

company which will settle in Turkey is actually a registered company in

its country of origin (issued by the related foreign trade registry) and a

document stating that the change of headquarters is in accordance with

the relevant foreign law.

Also, an investigation must be made regarding whether the company

bylaws of the foreign company moving its headquarters to Turkey are in

accordance with and/or are adapted to be in compliance with Turkish law.

Establishment of Branches of Foreign Companies in Turkey

Foreign companies whose headquarters are located abroad may

also establish branches in Turkey in accordance with Turkish Law. The

aforementioned TCC Art. 40, para. 4 shall again be applicable. Pursuant

to this article, the branches of commercial enterprises whose headquarters

are located abroad shall be registered as if they were local commercial

enterprises, and a fully authorized commercial representative who resides

in Turkey shall be appointed for such branches.

Moreover, Art. 12 of the Code on Entry into Force and Application

of the Turkish Commercial Code (Code No. 6103) also regulates the

registration of Turkish branches of commercial enterprises or commercial

companies whose headquarters are located abroad.

Pursuant to Code No. 6103, a number of conditions should be met

in order to register a branch of a commercial enterprise or commercial

company (with headquarters located abroad) in Turkey. Primarily, the

conditions required by the legal system of the country of origin for

registration of branches pursuant to the relevant types of commercial