The rent increase rate for workplaces in January 2024 has been announced.

Upon the announcement of the CPI data by TURKSTAT, the rent increase rate for workplaces in January 2024 has been determined as 53.86%. On the other hand, as per the Provisional Article 1 of the Turkish Code of Obligations No. 6098, the rent increase limit of 25% for residential places shall continue to be applied […]

The rent increase rate for workplaces in January 2024 has been announced. Read More »

The default interest rate for late payments in the supply of goods and services has been determined as 48%.

Within the scope of Article 1530/7 of the Turkish Commercial Code No. 6102, the interest rate to be applied in cases where the default interest rate for late payments in the supply of goods and services is not stipulated in the contract or the relevant provisions are invalid, has been determined as 48% per annum,

The default interest rate for late payments in the supply of goods and services has been determined as 48%. Read More »

The monetary limit for applications to the Provincial or District Consumer Arbitration Committees has been increased.

As per the Communiqué published in the Official Gazette dated 20/12/2023 and numbered 32405, the monetary limit for applications to be made to the Provincial or District Consumer Arbitration Committees has been determined as TRY 104,000 as of 01/01/2024.

The monetary limit for applications to the Provincial or District Consumer Arbitration Committees has been increased. Read More »

A requirement has been introduced for restaurants and cafes to display a price list in front of the entrance door and on the tables.

As per the amendment published in the Official Gazette dated 19/12/2023 numbered 32404, it has omandatory to display a price list in front of the entrance door and on the tables of restaurants, cafes, and establishments offering similar food and beverage services. You can access the relevant regulation here.

A requirement has been introduced for restaurants and cafes to display a price list in front of the entrance door and on the tables. Read More »

The restriction on the sale of second-hand vehicles before 6-month-6,000 km limit has been extended until 01/07/2024.

As per the Regulation Amending the Regulation on the Trade of Second-Hand Motor Vehicles published in the Official Gazette dated 07/12/2023 and numbered 32392: (i) Traders of second-hand motor vehicles cannot directly or indirectly market or sell automobiles and off-road vehicles unless 6 months and 6,000 kilometers have passed from the date of first registration,

The restriction on the sale of second-hand vehicles before 6-month-6,000 km limit has been extended until 01/07/2024. Read More »

The rent increase rate for workplaces in December 2023 has been announced.

Upon the announcement of the CPI data by TURKSTAT, the rent increase rate for workplaces in December 2023 has been determined as 53.40%. On the other hand, as per the Provisional Article 1 of the Turkish Code of Obligations No. 6098, the rent increase limit of 25% for residential places shall continue to be applied

The rent increase rate for workplaces in December 2023 has been announced. Read More »

The minimum capital amount has been increased to TRY 250,000 for joint stock companies, and TRY 50,000 for limited liability companies.

In accordance with the Presidential Decree No. 7887 published in the Official Gazette No. 32380 dated 25.11.2023, the minimum capital amounts for joint stock companies and limited companies set forth in the Turkish Commercial Code No. 6102 have been updated as follows: (i) For joint stock companies: increased from TRY 50,000 to TRY 250,000,(ii) For

The minimum capital amount has been increased to TRY 250,000 for joint stock companies, and TRY 50,000 for limited liability companies. Read More »

The rent increase rate for workplaces in November 2023 has been announced.

Upon the announcement of the CPI data by TURKSTAT, the rent increase rate for workplaces in November 2023 has been determined as 54.26%. On the other hand, as per the Provisional Article 1 of the Turkish Code of Obligations No. 6098, the rent increase limit of 25% for residential places shall continue to be applied

The rent increase rate for workplaces in November 2023 has been announced. Read More »

“The Law on Renting Residential Buildings for Tourism Purposes”, i.e. the “Airbnb Law” has been promulgated.

02/11/2023 tarihli 32357 sayılı Resmî Gazete’de yayımlanan 7464 sayılı “Konutların Turizm Amaçlı Kiralanmasına ve Bazı Kanunlarda Değişiklik Yapılmasına Dair Kanun” ile getirilen düzenlemeleri buraya tıklayarak inceleyebilirsiniz.

“The Law on Renting Residential Buildings for Tourism Purposes”, i.e. the “Airbnb Law” has been promulgated. Read More »

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