The questions below offer a general framework on the number of founders of an association, the mandatory organs of an association, the acquisition of legal personality by a foundation, and the management organ of a foundation. In a specific case, time limits, documents and the regulations in force are assessed separately.
Showing 1–4 of 4 questions
What is the minimum number of founders required to establish an association in Türkiye?
At least seven real or legal persons who meet the statutory conditions can establish an association.
The specific contract, business model, regulations of the relevant authorities and the legislation in force on the date of the transaction should be reviewed separately.
What are the mandatory organs of an association?
The general assembly, the board of directors and the board of auditors are mandatory organs; other organs may also be provided for in the articles of association.
The specific contract, business model, regulations of the relevant authorities and the legislation in force on the date of the transaction should be reviewed separately.
When does a foundation acquire legal personality?
A foundation acquires legal personality upon registration in the registry kept at the court of its place of residence.
The specific contract, business model, regulations of the relevant authorities and the legislation in force on the date of the transaction should be reviewed separately.
Is it mandatory for a foundation to have a management organ?
Yes. A management organ is mandatory in a foundation; other organs appropriate to its purpose may also be established in the foundation deed.
The specific contract, business model, regulations of the relevant authorities and the legislation in force on the date of the transaction should be reviewed separately.