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Germany holds an important position in respect of foreign investment in Turkey. At the end of 2002 German investments in Turkey amounted to US$ 4 329 470 000. This investment volume puts Germany in 3rd place in the list big countries which invest in turkey, behind France and the Netherlands.
In the 1960s the first Turks came to Germany as migrant workers. At the end of the 80s it was clear they were here to stay. Since then we can observe that they are increasingly investing in Germany a trend which led to employees becoming employers over time. In 1999 it was estimated that there were around 55,000 Turkish businesses investing more than 12 billion Deutschmarks. Approximately 293,000 employees, over 40% of which are of non-Turkish origin, work in companies founded by Turks in Germany with an annual turnover totalling 50.3 billion Deutschmarks. If we divide Turkish businesses in Germany into sectors it can be seen that Turkish businesspeople are active in nearly all areas of business. Should the trend continue then the number of Turkish businesses in Germany will reach 100,000 in 2010. They will employ 650,000 workers and have an annual turnover of around 95 billion Euros.
For these reasons it is necessary to obtain legal advice from a lawyer who knows the legal systems of both Germany and Turkey and also speaks both languages.
Dr. Ali Yarayan is a particularly knowledgeable contact in our law firm for companies with existing or developing trade relations with Turkey.
Through several years practicing as a lawyer, lecturing in Turkish law, working as an expert of the Turkish delegation of the EU commission and a sworn interpreter, our Turkish-speaking lawyer Dr. Ali Yarayan has acquired a sound knowledge and wide-reaching experience to be able to advise companies on German-Turkish trade relations.
Contact: Dr. Ali Yarayan
- Advising German companies setting up business or investing in Turkey
- Advising Turkish companies setting up business or investing in Germany
- Advice and representation in day-to-day business activities with links to Turkey
- Contract formation for German-Turkish commercial transactions
Germany holds an important position in respect of foreign investment in Turkey. At the end of 2002 German investments in Turkey amounted to US$ 4 329 470 000. This investment volume puts Germany in 3rd place in the list big countries which invest in turkey, behind France and the Netherlands.
In the 1960s the first Turks came to Germany as migrant workers. At the end of the 80s it was clear they were here to stay. Since then we can observe that they are increasingly investing in Germany a trend which led to employees becoming employers over time. In 1999 it was estimated that there were around 55,000 Turkish businesses investing more than 12 billion Deutschmarks. Approximately 293,000 employees, over 40% of which are of non-Turkish origin, work in companies founded by Turks in Germany with an annual turnover totalling 50.3 billion Deutschmarks. If we divide Turkish businesses in Germany into sectors it can be seen that Turkish businesspeople are active in nearly all areas of business. Should the trend continue then the number of Turkish businesses in Germany will reach 100,000 in 2010. They will employ 650,000 workers and have an annual turnover of around 95 billion Euros.
For these reasons it is necessary to obtain legal advice from a lawyer who knows the legal systems of both Germany and Turkey and also speaks both languages.
Dr. Ali Yarayan is a particularly knowledgeable contact in our law firm for companies with existing or developing trade relations with Turkey.
Through several years practicing as a lawyer, lecturing in Turkish law, working as an expert of the Turkish delegation of the EU commission and a sworn interpreter, our Turkish-speaking lawyer Dr. Ali Yarayan has acquired a sound knowledge and wide-reaching experience to be able to advise companies on German-Turkish trade relations.
Contact: Dr. Ali Yarayan