TBY talks to Mehmet Köksal, Partner & Regional Head of Köksal Attorney Partnership, on catering to foreign investors in a language they understand and Turkey's legal environment.
We created our firm specifically for foreign investors, for whom there are multiple conditions to consider when coming to Turkey. More accurately, they face certain obstacles to overcome before they can invest here. The most important of these is finding a quality consulting service. And then there is the language issue. Although most foreign investors conduct their business negotiations and complete their agreements in English, they prefer their own language when it comes to speaking with advisors. Once they are past this first obstacle, they face the problem of finding tax and accounting advisors who speak their language. Investors locate them either through advisors in their home country, through chambers of commerce, or their consulate. It is advantageous if the consultant here also has offices in their country. Either way, it is important for the consultation office to have a solid grasp of foreign languages, which is our specialty. We have an office in Munich, and are in the process of opening one in Berlin. In this manner, German investors can easily access us in their own country, providing an extra level of confidence. A second advantage, in addition to our attorneys being fluent in a foreign language, is that we also place great importance on their being highly educated; most hold Master's degrees. We also support those who pursue their Master's and PhDs while working. Our third advantage is that we provide accounting services and advice, enabling the synchronisation of their accounting systems with accounting systems here. We can also act as interim management for a limited period.
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