Foundations Law

Article 101 of the Turkish Civil Code “Foundations are commodities with legal personality, which is formed by real or legal persons’ owning sufficient goods and rights with a specific and continuous purpose. The rights of a whole asset or any income or economic value that has occurred or is understood to be realized can be devoted. The foundation cannot be established in order to support the members of a certain race or community that is against the characteristics of the Republic determined by the Constitution and the basic principles of the Constitution, law, morality, national unity and national interests.

Foundations Law is mainly regulated by the Turkish Civil Code, Foundations Law and the Foundations Regulation.

The foundations that can be established by real or legal persons are under the control of the General Directorate of Foundations.

Ekin Legal Consultancy & Mediation Office is a law firm that provides Foundation Legal Consultancy services and also:

-Foundation establishment procedures,

-Arrangement, review or renewal of the existing foundation official deed,

-Legal supervision of their bodies and decisions,

-Administrative applications and obtaining necessary permissions,

-Legal advice in the ordinary or extraordinary meetings of the board of trustees,

-Legal advice at board of directors meetings,

-Opening administrative and legal cases regarding the foundation, operation and termination of the foundation,

-Follow-up of all kinds of cases opened by the foundation or against the foundation,

-Preparation of all kinds of contracts that the foundation will make with third parties or organizations, provide legal services.