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Archive: February 2021

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Impact of MLI on Turkey: The Netherlands double tax treaty

February 18, 2021

There are numerous reasons why the Netherlands, for many years, has been a favorite jurisdiction for Turkish investors setting up so-called “HoldCos” when investing outside of Turkey (into third countries) as well as international investors with Turkish investment.

Non-admitted insurance in Turkey

February 10, 2021

As a general rule, persons domiciled in Turkey must use insurance companies admitted in Turkey to cover their insurable interests in Turkey.

“Safe countries” list of the data protection board Is still in the works

February 05, 2021

The Turkish Data Protection Law (the “Law”) regulates the transfer of personal data outside of Turkey in detail.