Foundation Law & Philanthropic Legal Advisory
Legal advisory for the establishment, governance and regulatory compliance of foundations (vakıflar) in Turkey, including public benefit status and grant-making frameworks.
Foundation Law Practice
Foundations (vakıflar) are a distinctive feature of Turkish civil society with a history spanning centuries. NextEra Legal provides specialized legal support for the establishment, governance and operation of foundations in Turkey.
Foundation Establishment
Establishing a foundation in Turkey requires minimum asset endowment, notarized founding deed and court registration. We advise founders on the legal requirements, draft founding deeds that clearly express the foundation's purpose and governance structure, and manage the registration process with Foundation General Directorate (Vakıflar Genel Müdürlüğü).
Foundation Governance
We advise foundation boards on governance obligations, conflict of interest management, fiduciary duties, investment of foundation assets and compliance with the Foundations Law (No. 5737). We draft internal governance regulations and board procedures tailored to the foundation's mandate.
Public Benefit Status
Foundations with public benefit (vergi muafiyetli vakıf) status enjoy significant tax advantages. We advise on the eligibility criteria, application process and ongoing compliance requirements for maintaining tax-exempt status.
Grant-Making & Operations
We structure grant-making programs, draft grant agreements, advise on grant-related liability and help foundations comply with public procurement rules where applicable.