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Do You Want to Start a Business in Türkiye?

For your expansion in Türkiye, you must comprehend the information about the company type you need and
its qualities regarding the structuring that is suitable for your strategic plans. It is essential for
the success of your organization that you structure your company correctly in terms of legal issues and taxation.

Türkiye’de Şirket Kuruluşu Hakkında Bilmeniz Gerekenler

What You Need to Know About Starting a Business in Türkiye

Legal Base

Local and foreign investors share the same rights and liabilities in Türkiye.

The rights of foreign investors are regulated by the Foreign Direct Investment Law No. 4875, which aims to encourage and protect international investors. As per to the relevant law, unless otherwise stipulated by international agreements and special law provisions;

Foreign investors are free to make direct foreign investments in Türkiye.
Foreign investors shall be subject to equal treatment with domestic investors.

Expropriation and Nationalization

As per the legislation in force, foreign direct investments shall not be expropriated or nationalized unless deemed necessary for the public interest and the investments are compensated.

Transfers

Net profit, dividends, proceeds from the sale or liquidation of all or any part of an investment, compensation payments, amounts arising from license, management and similar agreements all of which arise from foreign investors’ activities and operations in Türkiye, and reimbursements and interest payments arising from foreign loans, can be transferred abroad freely through banks or private financial institutions.

Company Types and Company Formation Processes

According to the Turkish Commercial Code Act, Code No. 6102, the company types are divided into two as capital stock companies and commercial companies. We can add liaison offices that are founded with special permission under the Foreign Direct Investment Law to the said division. Joint-stock companies, limited liability companies, and partnerships limited by shares are called the capital stock companies. The shareholders of a capital stock company have the liability only to the extent of the capital amount they committed. On the other hand, ordinary limited partnerships and collective companies make up sole proprietorships. In a sole proprietorship, the principle of second-degree unlimited liability regarding company debts applies to the partners.

The formation of these company types, their basic qualities, and operation principles are regulated in the Turkish Commercial Code No. 6102, while the operation principles of cooperatives are governed by the Cooperative Law No. 1163.

The establishment of certain companies is subject to the permission the Ministry grants. Those companies are banks, financial leasing companies, factoring companies, consumer financing and credit card processing companies, asset management companies, insurance companies, holdings founded as joint-stock companies, companies that run exchange offices, companies that are involved in public warehousing, warehousing companies that have agricultural products license, commodity exchange companies, independent audit companies, inspection companies, technology development zone managing companies, companies that are subject to the Capital Market Law, and companies that found and run free zones.

Joint-Stock Company

Joint-stock companies are companies with a fixed capital divided into shares and whose liability regarding the debts is limited to its assets. The partners of a Joint-Stock Company have the sole liability to the company for the capital share they committed. They do not have any other liability than the capital they committed to the company in terms of public debts such as tax liability and overdue social security premiums. The liability of the public debt that cannot be collected from the corporate assets belongs to the board members. As for the public debts of the company, board members are second degree liable; that is, in cases when the public debts of the company cannot be collected from its assets, board members have unlimited and joint liability. Joint-stock companies may be structured to conduct any types of business which their articles of association do not legally forbid. It is possible to establish a Joint-Stock Company with a partner that can be either a natural person or a legal entity.

Joint-stock companies must embody two authorized organs in charge.

1- General Assembly: An organ where all shareholders are represented in a board as a rule and that is authorized to make important decisions for the company such as amendment of the articles of association, electing the members of the board of directors, selecting the auditor, liquidation of the company, etc.

2- Board of Managers: An organ that is basically responsible for the management and representation of the company. It is possible for the board of directors to consist of one sole member. There is no condition that restricts the members to be a Turkish citizen or Türkiye resident.

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The Equivalents of Joint-Stock Company in Other Countries

The European Union - General	Societas Europaea (SE)
The USA, Canada	Corporation (Inc., Corp.)
Germany, Austria, Switzerland (German-speaking cantons)	Aktiengesellschaft (AG)
The UK	Public Limited Company (plc)
France, Belgium, Sweden (French-speaking cantons)	Societé Anonyme (SA)
France, Belgium, Sweden (French-speaking cantons)	Sociedad Anónima (S.A.)
Italy	Società per Azioni (SpA)

Establishment Steps for a Joint-Stock Company

The conditions for foreign investors to start a Joint-Stock Company are identical to those for local investors.

Minimum Capital Amount: Joint-stock companies shall be established with a fixed capital of TRY 50,000 unless otherwise stated in special laws. In addition, a minimum of 25% of the shares committed in cash shall be deposited into a bank account opened in the name of the company before the registration of it.

The Number of Shareholders: There must be a minimum of one shareholder in joint-stock companies. There is no limitation to the maximum number of shareholders; however, if it reaches over 250, the company is subject to the Capital Markets Law.

Online Application and Trade Registry Directorate Processes

The company establishment process shall be started on an online system, Central Registration System (MERSİS), by the system users. Following the application made through MERSİS, one shall get an appointment from Trade Registry Directorate online and be present in the Trade Registry Office at the time of the appointment. Those who shall be present in the regarding appointment are the founders or those who are given a power of attorney by the founders.

At this stage, one shall prepare the documents containing the information about the residential addresses of the shareholders and managers whether they are in Türkiye or abroad, their e-mail addresses, phone numbers, mother and father names, and passport photographs of the shareholders. The petition to be prepared for the Trade Registry Directorate shall be signed by all the company managers. If the petitions are signed by the attorneys, the original copy of the power of attorney or the certified copy of it shall be added to the petition. It is at this stage when the relevant tax office is indicated.

The articles of association is prepared at this stage. The name, capital amount, the official launch date of the company, and the activity codes at the launch date shall be indicated clearly along with the NACE code (What is NACE Code? ). The name of the company is subjected to a compliance test on the MERSİS system.

Please click here to review the points to be considered when choosing a name for your company

You should keep in mind that the rental agreement or the title deed of the workplace is necessary during the process as the headquarters address will be used in the registry.

The 0,04% of the determined company capital shall be deposited in the bank account of the Turkish Competition Authority as “share”. There is no need to visit the bank for the said transaction.

Important Additional Info for Foreigners

Passport

The foreign natural person shareholders shall prepare copies of their translated and notarized passports.

Tax Number

The foreign shareholders, if there is any, shall receive a tax number from the tax office and register themselves on MERSİS by applying to the Trade Registry Directorate.

Residence Permit

If the foreign shareholder is residing in Türkiye, a notarized residence permit shall be prepared.

Establishment Declaration Form

One establishment declaration form shall be included in the application documents.

Depositing the ¼ of the Capital to the Bank Account

The minimum amount of the shareholders' share, which is indicated by law or in the articles of association, shall be paid to a bank account. The name, last name, and titles of the depositing shareholders, and the bank letter where the amounts deposited by each shareholder and the total deposited amount are indicated shall be prepared to be submitted to the institution. A temporary bank account is opened for the said transaction. In case when all the company capital or a certain amount of it is committed in cash, a minimum ¼ of the amount committed in cash shall be paid before the registration with the remaining amount being paid in the 24 months following the company registration.

The Establishment Permission Necessary for the Joint-stock Companies to be Founded with Special Permission

A permission letter shall be prepared for the joint-stock companies whose establishments are subject to the Ministry or other official institutions. A relevant example for the said companies is banks or insurance companies.

The Statement Letter Indicating That the Duty is Accepted, If Necessary

If there are board members who do not possess any share in the Joint-Stock Company, they shall write a statement letter indicating that they are accepting the duty in the company.

Appointing a Manager

If there is a manager apart from the shareholders, they shall sign a document stating that they are accepting their duty in the company

In cases when the appointed manager is a legal person, it is necessary to prepare a notarized copy of the authorized organ’s decision that includes the name, last name, residential address, nationality, and TR identity number (tax number if the said individual is foreign) of the natural person who is appointed by and on behalf of the legal person. If the legal person is foreign, the decision must be approved by the Turkish consulate of the country that the company is subject to, or according to the rules of the Convention Abolishing the Requirement of Legalization for Foreign Public Documents; that is, the Apostille Convention. Additionally, these documents must be translated into Turkish and notarized. In cases when the natural person appointed by the legal person is foreign and residing in Türkiye, their residence permit and a translated and notarized passport copy are necessary.

Board Members as Legal Persons

In cases when a legal person is elected as a board member, it is necessary to prepare together with and on behalf of the legal person a notarized copy of the authorized organ’s decision where the name, last name, residential address, nationality, and TR identity number (tax number or foreign identity number if the said individual is foreign) of the natural person who is determined by the legal person are visible.

registry of the legal person shall be prepared. In other words, documents indicating that the foreign company is active are necessary. It is important these documents are approved by the Turkish consulate of the country that the company is subject to, or according to the rules of the Apostille Convention, and are translated and notarized. If there is a foreign legal entity that is a partner or an authorized legal entity, the tax number shall be indicated in the articles of association.

If a board member is a legal person of foreign nationality, the decision to be made shall be approved by the Turkish consulate of the country that the company is subject to, or according to the rules of the Apostille Convention, and is translated and notarized. Additionally, in cases when a foreign natural person is appointed on behalf of the legal person and is residing in Türkiye, their residence permit and a translated and notarized copy of their passport shall be included in the application documents.

Note: The names, last names, residential addresses, nationalities, and TR identity numbers (tax number or foreigner identity number if the said persons are foreign) of all the shareholders, board members, and managers shall be included in the articles of association.

Preparation of the Signature Circular and Making the Contract With the Certified Public Accountant

Upon the registration of the articles of association of the joint-stock company in the Trade Registry Office, a signature circular from the notary and a power of attorney for the certified public accountant must be issued under the company legal name.

Ratification of the Legal Accounting Books

It is at this stage when the legal accounting books that the Joint-Stock Company will use are ratified and other legal book transactions are conducted online.

Tax Office Registration

Trade registry alone is not sufficient for a company to start commercial businesses and issue invoices in Türkiye. At this stage, one shall register in the relevant tax office. The ones who shall conduct the registry process are the certified public accountants with the power of attorney they received from the founders. Upon the application, the tax office shall send an auditor to prepare an inspection report. It is important to pass the audit that checks the sufficiency of the virtual office facilities (real address, telephone number, secretary, etc.) if the company uses a virtual office, or the adequateness of the physical office’s arrangement (tables, chairs, computers, network connection, etc.) if the company uses a physical office.

Receiving an SSI Workplace Registration Number

In accordance with the Social Insurance and General Health Insurance Law, if it hires an employee in the workplace (company), the company must register in the Social Security Institution and receive a number in the date of insured employment at the latest. With the Law No. 7099 Amending Certain Laws for the Improvement of the Investment Environment published in the Official Gazette dated 10/3/2018 and numbered 30356, the Trade Registry Directorate automatically notifies the workplace organization to the Social Security Institution, regardless of whether the insured person will be employed or not.

Receiving the Business Operating License from the Municipality

The Business Operating License is received from the relevant municipality and divides into three as Sanitary Enterprises, Non-sanitary Enterprises, and Public Recreation Enterprises. The Business Operating License application is made in person or by those who are authorized to sign on behalf of them in the Directorate of Licensing and Inspection of the relevant municipality after preparing the necessary documents. According to the activity field of the company, one shall write a letter to the Directorate of Fire Department (regarding the fire and explosion), the District Police Department (regarding the general safety and public security), the Municipality Directorate of Housing and Urban Development (regarding the development), Directorate of Municipal Police (regarding the neighborhood and noise), the Maritime and Ports Directorate (regarding the general safety and public security), the Port Authority (regarding their evaluation), and other official-private institutions and organizations when it is necessary to receive the relevant municipality’s conformity assessment.

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Limited Liability Companies (LLC)

Limited liability companies are the companies that are founded by one or more natural or legal persons under a commercial name. The shareholders do not have liability over company debts but over the main capital share they committed and their obligations regarding the additional payment and performance obligations. With the Law No. 4369 implemented in 1998, the liabilities of the limited liability company shareholders increased. According to the law mentioned, the shareholders are directly responsible for public debt such as tax liability and social security premium debt based on their capital share ratio.

Limited liability companies can be established only with one shareholder. The number of shareholders cannot exceed 50. Limited liability companies cannot go public.

Limited liability companies must embody two authorized organs in charge.

1- General Assembly: An organ where all shareholders are represented in a board as a rule and that is authorized to make important decisions for the company such as amendment of the articles of association, assigning managers, selecting the auditor, liquidation of the company, etc.

2- Board of Managers: An organ that is basically responsible for the management and representation of the company. It is possible that one sole manager manages the company. At least one manager must be a shareholder of the company. There is no condition that restricts the managers to be a Turkish citizen or a Türkiye resident.

Have A Question?

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Expert Consultans!

The Equivalents of Limited Liability Company in Other Countries

The European Union - General	Societas Privata Europaea (SPE)
The USA, Canada	Limited Liability Company (LLC)
Germany, Austria, Switzerland (German-speaking cantons)	Gesellschaft mit beschränkter Haftung (GmbH)
The UK	Private Limited Liability Company (Ltd, Limited)
France, Belgium, Sweden (French-speaking cantons)	Societé à Responsabilité Limiteé (SARL, SàRL)
Mexico, Argentina	Sociedad de Responsabilidad Limitada (S.R.L., S. de R.L.)
Italy	Società a Responsabilità Limitata (Srl)
Spain	Sociedad Limitada (S.L.)

Establishment Steps for a Limited Liability Company (LLC)

The conditions for foreign investors to start a limited liability company are identical to those for local investors.

Minimum Capital Amount: Limited liability companies can be established with a fixed amount of TRY 10,000. The amount of capital the shareholders will invest must be determined as the multiples of TRY 25 in accordance with their share ratio.

The Number of Shareholders: There must be a minimum of one shareholder in limited liability companies.

Online Application and Trade Registry Directorate Processes

The articles of association is prepared at this stage. The name, capital amount, official launch date of the company, and the activity codes at the launch date shall be indicated clearly along with the NACE code (What is NACE Code? ). The name of the company is subjected to a compliance test on the MERSİS system.

Please click here to review the points to be considered when choosing a name for your company

You should keep in mind that the rental agreement or the title deed of the workplace is necessary during the process as the headquarters address will be used in the registry.

The 0,04% of the determined company capital shall be deposited in the bank account of the Turkish Competition Authority as “share”. There is no need to visit the bank for the said transaction.

Important Additional Info for Foreigners

What is NACE Code

The foreign natural person shareholders shall prepare copies of their translated and notarized passports.

Tax Number

The foreign shareholders, if there is any, shall receive a tax number from the tax office and register themselves on MERSİS by applying to the Trade Registry Directorate.

Residence Permit

If the foreign shareholder is residing in Türkiye, a notarized residence permit shall be prepared.

Establishment Declaration Form

One establishment declaration form shall be included in the application documents

Appointing a Manager

If there is a manager apart from the shareholders, they shall sign a document declaring that they are accepting their duty in the company.

In cases when the appointed manager is a legal person it is necessary to prepare a notarized copy of the authorized organ’s decision that includes the name, last name, residential address, nationality, and TR identity number (tax number if the said individual is foreign) of the natural person who is appointed by and on behalf of the legal person. If the legal person is foreign, the decision must be approved by the Turkish consulate of the country that the company is subject to, or according to the rules of the Apostille Convention. Additionally, these documents must be translated into Turkish and notarized. In cases when the natural person appointed by the legal person is foreign and residing in Türkiye, their residence permit and a translated and notarized passport copy are necessary.

Following the company formation, the person who undertook the establishment task shall be given an additional power of attorney for other processes to be completed along with receiving a company name.

Preparation of the Signature Circular and Making the Contract With the Certified Public Accountant

Upon the registration of the articles of association of the limited liability company in the Trade Registry Office, a signature circular from the notary and a power of attorney for the certified public accountant must be issued under the company legal name.

Ratification of the Legal Accounting Books

It is at this stage when the legal accounting books that the limited liability company will use are ratified and other legal book transactions are conducted online.

Tax Office Registration

Trade registry alone is not sufficient for a company to start commercial businesses and issue invoices in Türkiye. At this stage, one shall register in the relevant tax office. The ones who shall conduct the registry process are certified public accountants with the power of attorney they received from the founders. Upon the application, the tax office shall send an auditor to prepare an inspection report. It is important to pass the audition that checks the sufficiency of the virtual office facilities (real address, telephone number, secretary, etc.) if the company uses a virtual office, or the adequateness of the physical office’s arrangement (tables, chairs, computers, network connection, etc.) if the company uses a physical office.

Receiving an SSI Workplace Registration Number

Receiving the Business Operating License from the Municipality

Have A Question?

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Expert Consultans!

Sole Proprietorship / Limited Partnership (Collective and Commandite Companies)

Sole Proprietorship / Limited Partnership Companies (Collective Companies and Commandite Companies)

Under the Article 124 of the Turkish Commercial Code, collective and commandite companies are referred to as sole proprietorship / limited partnership companies. Partnership companies are legal entities where the shareholders have unlimited liabilities. They usually consist of a limited number of partners uniting for a common economic interest. Unless all the partners approve, shares cannot be transferred.

Collective Companies

Collective companies are founded with a minimum of two shareholders. All the shareholders participate in the management of the company. In cases when there are an agreement and the approval of the majority of the partners, the management can be transferred to one or some of the partners. The partners have unlimited liability to company creditors. The partners must be natural persons and not legal persons. There is no condition for capital in collective companies.

Commandite Companies

While limited partnerships are regarded as partnership companies, partnerships limited by shares are capital stock companies. There must be a minimum of two shareholders in the company, one of them being an en commandite partner (partner with unlimited liabilities) and the other one commanditaire partner (partner with limited liabilities). The commandite partner can only be a natural person whereas the commanditaire partner can be either a real person or a legal person.

The liabilities of the commandite partners are limited to the amount of money they invested or committed. The liabilities of the commanditaire partner are similar to those of the collective company partners. The creditors who cannot collect the debt from the company assets can apply to the commandite partners. It is the commandite partners that manage the company.

Cooperatives

Although cooperatives are not limited partnership companies or capital stock companies, they are commercial organizations similar to other company types. Apart from some special types, cooperatives are founded with a minimum of seven shareholders. Cooperatives are basically partnerships where the partners and capital may change and that is founded by natural persons and legal entities in order for them to meet and preserve their economic interests in common, career, and living needs by financial and workforce contribution with mutual help, cooperation, and warranty.

If there is a provision in the articles of association, it can be decided that the partners have second degree unlimited liability to cooperative creditors, or they have liability limited to a certain extent higher than the capital they committed.

Liaison Offices

Companies whose headquarters are abroad may establish liaison offices in Türkiye for several reasons. One major difference between the liaison offices and other capital stock companies is that they may not conduct commercial activities and issue invoices. With the Regulation on the Amendment of the Direct Foreign Investments Law Implementation Regulation published in the Official Gazette dated 03/07/2012 and numbered 28342, existing practices were completely amended and new practices regarding the establishment and operation of liaison offices were adopted.

As an organization that is prohibited to carry out any commercial businesses, liaison offices are subject to different rules. Parallel to those rules, having their headquarters and legal offices abroad, liaison offices (representative offices) are founded to conduct communication and feasibility practices, operate social and cultural activities, make preparation for company mergers and acquisitions, undertake advertising and marketing research, and inform the head office about the mentioned subjects provided that they will not operate for commercial businesses.

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Please click here to access the Whitepaper about the financial structure of the liaison offices.

Notification!

Contents provided in this article serve to informative purpose only. The article is confidential and property of CottGroup^® and all of its affiliated legal entities. Quoting any of the contents without credit being given to the source is strictly prohibited. Regardless of having all the precautions and importance put in the preparation of this article, CottGroup^® and its member companies cannot be held liable of the application or interpretation of the information provided. It is strictly advised to consult a professional for the application of the above-mentioned subject.

Please consult your client representative if you are a customer of CottGroup^® or consult a relevant party or an expert prior to taking any action in regards to the above content.

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CottGroup^® companies' network ("CottGroup^®") includes independent companies with separate legal entities that provide various sections of this website and other websites in the CottGroup^® member network; and this Personal Data Protection and Processing Policy applies separately for each CottGroup^® member company.

Thank you for visiting our website and reading our privacy and security statement.

Basic Information About Our Approach to Data Security and Privacy

CottGroup^®'s network of companies (CottGroup^®) has dedicated itself to ensuring the security of your personal data in all of its information systems. For CottGroup^®, privacy and security matters form the basis of the relation between us and our customers. CottGroup^® understands your particular concern about your confidentiality and security and place utmost importance on that matter.

CottGroup^® consists of multiple independent members which provide various sections of the websites in CottGroup^®'s network of members. Please click here to see our current member companies. New members to be added to the CottGroup^®'s network of members in future will also be viewable by clicking the same link.

Information that you will be disclosing when using this website may also be controlled by any other firm among the members of CottGroup^®'s network in order to enable us to secure the control, inspection and security of the said data at the utmost level. Each independent member shall be legally liable for any data controlled and inspected by it.

CottGroup^® Privacy Statement is applicable to all data processed by CottGroup^®, including Personal Data collected or transmitted via our websites in CottGroup^®'s network, our software and self-service applications, mobile applications or social media accounts and other online or off-line channels.

Protection of Personal Data

CottGroup^® acts in the capacity of a data controller and data processor in line with the Turkish Personal Data Protection Law (KVKK) no. 6698 and provisions of any other legislation applicable to the protection of personal data. Accordingly, personal data shall be processed only by CottGroup^® personnel authorized to implement any privacy and security policy as well as services falling within the scope of duty of CottGroup^®'s management office and the personnel named in the privacy and security authorization matrices, and those natural/legal persons authorized by CottGroup^® for such purpose by fulfilling the condition of informing the data subjects. For details, please click the Personal Data Protection and Processing Policy.

Electronic Messages

Subject to communication consents provided by you during your communication with us regarding electronic (e-mail) messages and through any other CottGroup^® channel, you will be deemed to have accepted to receive e-mail messages through your contact details, for the promotion of services offered by CottGroup^® and its business partners, information on new products and services, announcements on issues regarding legislation, and other matters that may be of interest for you. In this respect, you may contact CottGroup^® to request that messages are no longer sent to you through one or more than one communication channel.

Log Data, Cookies and Web Beacons

Cookies are program bits that are usually in the form of text files that may be embedded in laptops, desktop PCs and mobile devices, which collect various data.

Cookies may be used to collect the following data:

Internet Protocol (IP) address
Domain name of the computer that you use for connecting to the website
Date and time of your connection and the time you spend on the website
Link of the page over which you connect our website or the address of another CottGroup^® website
Information about your computer, your browser's brand, your operating system, Java support, flash version, your screen definition and connection speed and similar data
Details of the page on the computer that is used for connection when a request is made from our website
Volume of the data in bytes, transferred on our website
Contents of traceable cookies
CottGroup^® websites use temporary session cookies to render your online activities secure and to enhance the website performance
Areas such as Login time, Username and User ID that are necessary for our software and self-service applications ("Applications")
Details of the URL over which the User has transmitted his last request through the Applications
Your browser's language

Please click Cookie Policy for details.

Purpose of Using Your Data

We may use your personal data which we record during your visits to our website, via automated or non-automated means, or which you may disclose to us in communication forms, e-mails or via other electronic transactions, primarily for the purpose of satisfying your requests and subsequently for ensuring improvement of the services offered to you. Overall purposes of use of such data may be listed as follows:

To contact you
To enable your access to the website or self-service options, by performing operations regarding your online account, including but not limited to the provision of a username and password
To answer questions received from you
To provide information about legislative changes and other important matters
To ensure the administration of our website
To improve our service quality

Please do not disclose such data that you would not want us to collect for the purposes above. Please remember that unless you provide such data, we will be unable to contact you, and that your certain data may still be collected by means of cookies during your visit to this website.

Data Security

CottGroup^® places utmost importance on the security of your data. CottGroup^® places utmost importance on the security of your data. We take measures conforming to sector standards to prevent unauthorized collection and use of your data. Exchange of information on the İnternet is not generally secure. Therefore, we recommend you exercise due care by user when exchanging information through our websites and online systems. If you do not take this care, CottGroup^® cannot guarantee you about security of your information and communication on the website or capture them by third parties.

When your information arrives at CottGroup^®, it is protected in accordance with our security and privacy standards. Your data are stored for the purposes set out above and only for the durations required by the needs of our business process or as prescribed by law.

Data Transfer

We may transfer the personal information we collect about you to other countries different from the country we collect the data, as we use their services of the internet service providers, hosting companies, e-mail providers, domain providers (for example: Microsoft 365). Data protection laws and regulations applied in these countries may differ from the laws applicable in Türkiye.

Hereby, we will protect your information in accordance with the applicable law as described in this Privacy Policy while transferring to other countries.

Protection for Children's Online Activities

We support parents willing to supervise and control online activities of their children. In no event do we ask children on purpose to share their personal data. If we come to know that a person whose personal data are collected by us is younger than 13 years old, we may use such data to try to promptly inform his/her parents. This rule shall be applicable for age 16 under the European Union General Data Protection Regulation (GDPR).

Designing New Processes in Line with Privacy Rules

CottGroup^® takes the most appropriate technological and organizational measures to ensure confidentiality when developing new systems and applies necessary developments for the processing of personal data in line with their intended purposes (Privacy by design).

Should you have any queries about this Privacy Policy, please click the link.

CottGroup^® website: https://www.cottgroup.com

Online Visitor Clarification Text On The Processing Personal Data

Data Controller: Boss Yönetişim Hizmetleri A.Ş.

Address: Astoria Towers Büyükdere Cad. No: 127 B Kule Kat: 8 34394 Şişli, İstanbul, Türkiye

Boss Yönetişim Hizmetleri A.Ş. ("Company") prepared this Clarification Text as the data controller to inform you, our valuable online visitors, about your personal data that we process in accordance with the Law on the Protection of Personal Data (hereinafter referred to as "KVKK") and the relevant legislation.

1. Your Personal Data Processed and The Scope of The Processing

Personal data is any data that identifies you or makes you identifiable. For example, your name, surname, eye color, phone number or bank account information are considered personal data. On the other hand, processing your personal data refers to all kinds of processes such as obtaining, amending, registering, storing, retaining, deleting, disclosing, and transferring your data. We have provided the following information about the personal data we process:

ID Data

Your Processed ID Data	Purposes of Processing Your ID Data	Collection Methods of Your ID Data	Legal Reasons Behind Our Data Processing Activities
Name Surname	Execution of Customer Relationship Management Processes Conducting Activities for Customer Satisfaction Execution of Goods/Service Sales Processes	Online Electronic Forms Contact Forms	It is required to process your personal data as a party to the contract, provided that it is directly related to the establishment or performance of a contract. It is mandatory to process data for the legitimate interests of the data controller, provided that it does not harm your fundamental rights and freedoms as a data subject.

Contact Data

Your Processed Contact Data	Purposes of Processing Your Contact Data	Collection Methods of Your Contact Data	Legal Reasons Behind Our Data Processing Activities
Your contact data about your work (e-mail, address, phone number) E-Mail Address Address Information	Execution of Customer Relationship Management Processes Conducting Activities for Customer Satisfaction Conducting Communication Activities	Online Electronic Forms Contact Forms	It is required to process your personal data as a party to the contract, provided that it is directly related to the establishment or performance of a contract. It is mandatory to process data for the legitimate interests of the data controller, provided that it does not harm your fundamental rights and freedoms as a data subject.

Personnel Data

Your Processed Contact Data	Purposes of Processing Your Contact Data	Collection Methods of Your Contact Data	Legal Reason of Our Data Processing Activities
Company name Sector	Execution of Customer Relationship Management Processes Execution of Sales Processes for Goods / Services Conducting Activities for Customer Satisfaction Conducting communication activities	Online Electronic Forms Contact Forms	It is required to process your personal data as a party to the contract, provided that it is directly related to the establishment or performance of a contract. It is mandatory to process data for the legitimate interests of the data controller, provided that it does not harm your fundamental rights and freedoms as a data subject.

Customer Transaction Information

Your Processed Customer Transaction Information	Purposes of Processing Your Customer Transaction Information	Collection Methods of Your Customer Transaction Information	Legal Reasons Behind Our Data Processing Activities
Request/Complaint Information	Execution of Customer Relationship Management Processes	Online Electronic Forms Online Contact Forms	It is required to process your personal data as a party to the contract, provided that it is directly related to the establishment or performance of a contract. It is mandatory to process data for the legitimate interests of the data controller, provided that it does not harm your fundamental rights and freedoms as a data subject.

Transaction Security Information

Your Processed Transaction Security Information	Purposes of Processing Your Transaction Security Information	Collection Methods of Your Transaction Security Information	Legal Reasons Behind Our Data Processing Activities
IP Address Request Time and Date Time zone Difference from Greenwich-mean-time (GMT) Access Status/http Status Code Amount of Data Transferred Website to Which the Request Was Sent Browser Information Operating System and User Interface Language and Version of the Scanner Software Approximate Location Information	Execution of Customer Relationship Management Processes Conducting Activities for Customer Satisfaction Conducting Marketing Analysis Studies Execution of Information Security Processes Conducting Activities in Compliance with Legislation	Online Electronic Forms Online Contact Forms	It is required to process your personal data as a party to the contract, provided that it is directly related to the establishment or performance of a contract. It is mandatory to process data for the legitimate interests of the data controller, provided that it does not harm your fundamental rights and freedoms as a data subject.

2. Our Retention Period for Storing Your Personal Data

We store your personal data for a period of time stipulated in the relevant legislation or for the periods of time required by the processing purposes. We will delete, destruct or anonymize your data by ex officio or upon your request, if legal reasons requiring data processing disappear.

3. Your Rights Regarding Your Personal Data

Data subject refers to the natural persons whose personal data are processed. As a data subject, you, our valuable online Visitors, have the following rights regarding your personal data processed under KVKK:

To learn whether your personal data are being processed,
To request information if your personal data are processed,
To learn the purpose of processing your personal data and whether this data are used for the intended purposes,
To know the third parties to whom this personal data is transferred domestically or abroad,
To request the rectification of the incomplete or inaccurate data, if there are any,
To request the deletion or destruction of this personal data under the conditions set forth in KVKK,
To request notification to the third parties that the personal data have been transferred to about the rectification of incomplete or inaccurate data and the deletion or destruction of personal data upon your request,
To object to the issues that have arisen due to the analysis of your data exclusively through automated systems and are to the detriment of you,
To request compensation for the damage arising from the unlawful processing personal data.

4. Methods To Follow to Exercise Your Rights

You can share your application and requests regarding your personal data with Boss Yönetişim Hizmetleri A.Ş. via Data Subject Application Form,

By sending it with your wet signature and a copy of your identity card to Astoria Towers Büyükdere Cad. No: 127 B Kule Kat: 8 34394 Şişli, İstanbul, Türkiye,
By sending an e-mail to This email address is being protected from spambots. You need JavaScript enabled to view it.,
By applying in person with a valid identity document to Astoria Towers Büyükdere Cad. No: 127 B Kule Kat: 8 34394 Şişli, İstanbul, Türkiye

You, as a data subject, should include your name and surname, your signature if the application is in written form, your Turkish ID Number if you are a Turkish citizen, your nationality and passport number (or if you have an ID number) if you are foreigner, place of residence or business address for notifications, your e-mail address and fax number if you have one, and lastly, the subject of the request in your application with respect to legal requirements regarding the applications to data controllers. In addition, you should add documents and information confirming your identity to your application.

In order for us to operate the process in the most effective way for you, you should clearly and understandably indicate in your request which right you want to use and the details of the transaction you request.

We would like to emphasize that the request should concern the data subject itself. If the application is made on behalf of someone else, the person making the request should rely on a specially documented authorization for the requested transaction (power of attorney). Unauthorized applications will not be evaluated.

5. Evaluation of Your Application

By evaluating your applications, we respond to you as soon as possible and within 30 days of receipt as of the date of your application.

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