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ARTICLE · 29 DECEMBER 2022

Establishment Of New Foundations

Sakar Law Office
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The Turkish Civil Code Numbered 4721, the Law on Foundations Numbered 5737 ("Law"), the Regulation on Foundations published in the Official Gazette dated 27.09.2008 and numbered...

TurkeyWealth Management
Gözde Esen Sakar
Gözde Esen Sakar
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The Turkish Civil Code Numbered 4721, the Law on Foundations Numbered 5737 ("Law"), the Regulation on Foundations published in the Official Gazette dated 27.09.2008 and numbered 27010 ("Regulation") and the By-law on the Registration and Announcement of Foundations issued by the Council of Ministers Decision 25.03.2013 dated and 2013/4513 numbered ("By-law") regulate the establishment of new foundations. New foundations are private law legal entities formed by one or more real or legal persons to create an independent legal entity to serve a specific and continuous purpose and to gain property for this legal entity through registration in a special registry.

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