As per Turkish Law, there is no definition of branch under Turkish Commercial Code No. 6102 (“TCC”). However, Article 9/2 of Law No. 5174 on the Union of Chambers and Commodity Exchanges of Turkey and Chambers and Commodity Exchanges (“Law No. 5174”) stipulates that “although connected to the registered office [headquarters], workplaces which have a separate equity and accounting or workplaces for which accounts are kept in a registered office (parent company) and have no separate equity but perform commercial activities” shall be considered as branches. Therefore, the essential elements of a branch are; (i) to be connected to the parent company, (ii) to be independent, (iii) to operate in a different place, (iv) to have separate accounting. Please kindly click here
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