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TOOL · 15 QUESTIONS · 5 MIN
Investment Readiness Check for Turkish Startups
Fifteen questions investors and their lawyers ask in the first week of due diligence on a Turkish company. Answer honestly, see the score by area, and get a plan that links each gap to the checklist, guide or glossary entry that closes it. Answers stay in your browser.
AREA 1
Company form and records
01Is the company a joint-stock company (A.Ş.) rather than a limited company (Ltd. Şti.)?
02Do the articles of association match the shareholders' agreement on share classes, transfer restrictions and board composition?
03Is the share ledger (pay defteri) current, with every transfer recorded and approved where the articles require it?
AREA 2
Founders and equity
04Is there a signed founders' agreement covering roles, vesting, leaver terms and IP?
05Is founder vesting implemented in a way that works under Turkish company law, not only in an English-language side letter?
06Are equity promises to employees documented in an option plan with a defined pool and the required corporate approvals?
07Does the cap table reconcile to the ledger and show every SAFE, note and option grant on a fully diluted basis?
AREA 3
Intellectual property and contracts
08Has every employee and contractor signed a written assignment of IP to the company?
09Is the brand registered as a trademark in Türkiye and in the key target markets?
10Are employment contracts in place with confidentiality terms and, where justified, non-compete clauses within the limits of the Code of Obligations?
AREA 4
Compliance
11Are KVKK basics in place: privacy notices, a processing inventory and VERBİS registration where the thresholds are met?
12Have sector-specific registrations and licences been identified and obtained (ETBİS for e-commerce, Capital Markets Board permission for crypto services, and similar)?
13Is corporate housekeeping current: annual general assembly held and registered, board resolutions signed, and a contracted lawyer retained if the capital threshold applies?
AREA 5
Fundraising readiness
14Is a data room ready with corporate records, contracts, IP, HR and financial documents organised?
15Have the instrument (SAFE, convertible note or priced round) and the key term sheet positions (liquidation preference, pro rata, drag and tag) been decided before talking to investors?
Action plan
Modelling a SAFE or priced round? Use the SAFE and dilution calculator.
If investors ask for a Delaware or other foreign holding company, see the US flip-up checklist and the flip-up practice page.
This tool is general information, not legal advice. The score reflects only the answers given and does not replace due diligence. Vircon Legal does not store your answers; only the email address entered to open the plan is recorded.
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