Mutlu Akgun Business

15/12/2024

Responsibilities in International Trade Under Different Incoterms
Incoterms (International Commercial Terms) define the responsibilities, costs, and risks between buyers and sellers in global trade. Here's a quick breakdown:
📌 Export & Import Procedures
Details who handles customs clearance, export/import licenses, and compliance with regulations.
📌 Transport Costs & Loading
Specifies who covers transportation to the port and loading fees at origin.
📌 Risk Transfer
Defines when risk for goods shifts from seller to buyer during transit.
📌 Customs Clearance
Clarifies responsibility for export and import formalities.
💡 Why It Matters
Understanding Incoterms like FOB, CIF, DDP, and EXW helps businesses avoid disputes, manage costs, and ensure smooth transactions. Choosing the right Incoterm is crucial for mitigating risks and fostering efficient trade.
👉 Use this guide to master your global logistics and trade responsibilities!
Read the full blog post from here:https://www.anmconsultancy.com/post/responsibilities-in-international-trade-under-different-incoterms

03/12/2024

🌍 Exploring Business Opportunities in Turkey
Turkey, situated at the crossroads of Europe and Asia, combines tradition and innovation to create a thriving business landscape. 🌟 Its strategic location, diverse economy, and rich cultural heritage make it a compelling destination for global trade and investment.
✨ From textiles and agriculture to fintech and renewable energy, Turkey offers opportunities for both established businesses and innovative startups. The country’s modern infrastructure, young workforce, and vibrant markets set the stage for growth and success.
🤝 Success in Turkey also means understanding its unique business culture, where trust, relationships, and adaptability are key. While challenges like economic volatility exist, the rewards are vast for those willing to navigate this dynamic market.
Whether you're looking for a hub that blends heritage with modernity or seeking to explore new frontiers, Turkey’s business potential is undeniable. 🚀
📖 Read the full article here:
https://www.anmconsultancy.com/post/an-overview-of-business-in-turkey-a-dynamic-intersection-of-tradition-opportunity-and-modernity

Explore Turkey's rich culture, iconic landmarks, and thriving markets—a unique blend of tradition and innovation.

21/11/2024

20/11/2024

Avoiding Pitfalls: Common Mistakes Made by Importers in Payment Terms 🌐💼📦
Introduction:
Navigating international trade 🌍 requires importers to master payment terms 💳. While the process is crucial for successful transactions, common pitfalls 🕳️ can arise. In this post, we’ll highlight key mistakes importers make and share tips to avoid them 🚫💡.
1. Lack of Clear Communication: 💬❌📞
One big mistake is failing to establish clear communication with suppliers 🤝 about payment terms. Ambiguous terms can lead to misunderstandings, disputes ⚠️, or even delayed shipments 🚢📦. To avoid this, ensure all parties have a mutual understanding from the start ✅.
This way, you can avoid the headache of miscommunication and keep your trade on track smoothly! 🎯
https://www.anmconsultancy.com/post/avoiding-pitfalls-common-mistakes-made-by-importers-in-payment-terms

Master payment terms: clear communication, due diligence, currency risks, Incoterms understanding, and working capital optimization.

19/11/2024

Ready to Source Products from Turkey? Let Us Do the Heavy Lifting!
Streamline your product sourcing with a trusted partner. We specialize in helping businesses like yours find the perfect suppliers, manage samples, and handle every detail—so you don’t have to.
🔹 Custom Solutions for Your Business Needs
Tell us your product, niche, and supplier preferences, and we’ll handle the rest. From research and compliance checks to negotiation and inventory management, we’ve got you covered.
🔹 End-to-End Support
From supplier evaluations to logistics and customs, we make the process efficient and hassle-free.
🔹 Expertise You Can Rely On
Our in-depth knowledge of Turkey’s market and supply chain guarantees smooth operations and reliable partnerships.
Ready to expand your business with ease? Tap into Turkey's sourcing potential with our expertise!
https://www.anmconsultancy.com/fnc/product-sourcing

18/11/2024

Essential Logistics Terms in International Trade: Navigating the Language of Global Supply Chains
Introduction
🌍Mastering Logistics: Key Terms for International Trade Success
In today’s global economy, logistics is the backbone of international trade, ensuring goods flow seamlessly from producers to consumers. For businesses navigating global supply chains, understanding essential logistics terminology is critical for operational efficiency, cost management, and effective communication.
📦 Why it Matters
Logistics involves more than moving goods—it’s about optimizing processes, managing risks, and meeting compliance standards. Key terms like Incoterms, freight forwarders, and cold chain logistics play a vital role in ensuring smooth operations across borders.
📌 Examples of Key Terms
Freight Forwarder: Coordinates global shipments, from booking cargo to customs compliance.
3PL (Third-Party Logistics): Handles storage, transportation, and delivery for businesses.
Just-In-Time (JIT): Minimizes inventory costs by receiving goods only as needed.
Last Mile Delivery: Ensures goods reach customers’ doorsteps efficiently.
💡 Real-World Application
A Turkish carpet exporter hires a freight forwarder to manage sea freight to the U.S., ensuring compliance and timely delivery. Similarly, a cold chain system protects vaccine shipments during transit, safeguarding their quality.
📈 The Takeaway
Mastering logistics terms empowers businesses to optimize operations, negotiate effectively, and stay competitive in international markets. As global trade evolves, this knowledge becomes a cornerstone of success.
Read the full article here:
https://www.anmconsultancy.com/post/essential-logistics-terms-in-international-trade-navigating-the-language-of-global-supply-chains .

Logistics involves managing transportation, inventory, warehousing, and delivery to optimize supply chains and meet customer needs.

13/11/2024

Thriving in Turkey: Mastering the Essentials of Turkish Business Culture
1. Introduction
Turkey, strategically positioned at the crossroads of Europe and Asia, offers a unique and dynamic business environment shaped by its rich cultural heritage and diverse influences from both Eastern and Western traditions. This blend creates a distinctive setting for business operations, where deep-rooted customs and practices are interwoven with modern economic strategies. For those looking to engage in the Turkish market, a comprehensive understanding of these cultural nuances is not just beneficial but essential. Turkey's strategic geopolitical location, coupled with its robust and growing economy, makes it an attractive destination for international trade and investment. However, success in this market requires more than just economic insight; it demands a deep appreciation of the cultural and social fabric that influences business interactions. This article delves into the key elements of Turkish business culture, offering valuable insights to help navigate the complexities of conducting business in this fascinating and multifaceted country.

Read the full article here: https://www.anmconsultancy.com/post/thriving-in-turkey-mastering-the-essentials-of-turkish-business-culture

13/11/2024

🌍 A Comprehensive Guide to Navigating the Seas of Product Sourcing!

Introduction
In the ever-evolving landscape of global commerce 🌐, successful businesses understand the crucial role that product sourcing plays in their overall strategy. Product sourcing, the process of finding and acquiring goods for sale 🛍️, is a cornerstone of supply chain management 🏗️ that directly impacts a company's profitability 💰, customer satisfaction 😊, and competitive edge 🏆. This article delves into the intricacies of product sourcing, exploring its significance, key strategies 🧠, challenges 🚧, and sustainable practices 🌱.

👉 Read the full article here 🔗
https://www.anmconsultancy.com/post/navigating-the-seas-of-product-sourcing-a-comprehensive-guide
.

Explore the significance, strategies, and challenges of product sourcing in this comprehensive guide. Discover how sourcing impacts quality,

06/11/2024

Avoiding Pitfalls: Common Mistakes Made by Importers in Payment Terms 🌐💼📦
Introduction:
Navigating international trade 🌍 requires importers to master payment terms 💳. While the process is crucial for successful transactions, common pitfalls 🕳️ can arise. In this post, we’ll highlight key mistakes importers make and share tips to avoid them 🚫💡.
1. Lack of Clear Communication: 💬❌📞
One big mistake is failing to establish clear communication with suppliers 🤝 about payment terms. Ambiguous terms can lead to misunderstandings, disputes ⚠️, or even delayed shipments 🚢📦. To avoid this, ensure all parties have a mutual understanding from the start ✅.
This way, you can avoid the headache of miscommunication and keep your trade on track smoothly! 🎯
https://www.anmconsultancy.com/post/avoiding-pitfalls-common-mistakes-made-by-importers-in-payment-terms

Master payment terms: clear communication, due diligence, currency risks, Incoterms understanding, and working capital optimization.

31/10/2024

Avoiding Pitfalls: Common Mistakes Made by Importers in Payment Terms 🌐💼📦
Introduction:
Navigating international trade 🌍 requires importers to master payment terms 💳. While the process is crucial for successful transactions, common pitfalls 🕳️ can arise. In this post, we’ll highlight key mistakes importers make and share tips to avoid them 🚫💡.
1. Lack of Clear Communication: 💬❌📞
One big mistake is failing to establish clear communication with suppliers 🤝 about payment terms. Ambiguous terms can lead to misunderstandings, disputes ⚠️, or even delayed shipments 🚢📦. To avoid this, ensure all parties have a mutual understanding from the start ✅.
This way, you can avoid the headache of miscommunication and keep your trade on track smoothly! 🎯
https://www.anmconsultancy.com/post/avoiding-pitfalls-common-mistakes-made-by-importers-in-payment-terms

Master payment terms: clear communication, due diligence, currency risks, Incoterms understanding, and working capital optimization.

30/10/2024

Ready to Source Products from Turkey? Let Us Do the Heavy Lifting!
Streamline your product sourcing with a trusted partner. We specialize in helping businesses like yours find the perfect suppliers, manage samples, and handle every detail—so you don’t have to.
🔹 Custom Solutions for Your Business Needs
Tell us your product, niche, and supplier preferences, and we’ll handle the rest. From research and compliance checks to negotiation and inventory management, we’ve got you covered.
🔹 End-to-End Support
From supplier evaluations to logistics and customs, we make the process efficient and hassle-free.
🔹 Expertise You Can Rely On
Our in-depth knowledge of Turkey’s market and supply chain guarantees smooth operations and reliable partnerships.
Ready to expand your business with ease? Tap into Turkey's sourcing potential with our expertise!
https://www.anmconsultancy.com/fnc/product-sourcing

26/10/2024

Ready to Source Products from Turkey? Let Us Do the Heavy Lifting!
Streamline your product sourcing with a trusted partner. We specialize in helping businesses like yours find the perfect suppliers, manage samples, and handle every detail—so you don’t have to.
🔹 Custom Solutions for Your Business Needs
Tell us your product, niche, and supplier preferences, and we’ll handle the rest. From research and compliance checks to negotiation and inventory management, we’ve got you covered.
🔹 End-to-End Support
From supplier evaluations to logistics and customs, we make the process efficient and hassle-free.
🔹 Expertise You Can Rely On
Our in-depth knowledge of Turkey’s market and supply chain guarantees smooth operations and reliable partnerships.
Ready to expand your business with ease? Tap into Turkey's sourcing potential with our expertise!
https://www.anmconsultancy.com/fnc/product-sourcing

25/10/2024

🌍 A Comprehensive Guide to Navigating the Seas of Product Sourcing!

Introduction
In the ever-evolving landscape of global commerce 🌐, successful businesses understand the crucial role that product sourcing plays in their overall strategy. Product sourcing, the process of finding and acquiring goods for sale 🛍️, is a cornerstone of supply chain management 🏗️ that directly impacts a company's profitability 💰, customer satisfaction 😊, and competitive edge 🏆. This article delves into the intricacies of product sourcing, exploring its significance, key strategies 🧠, challenges 🚧, and sustainable practices 🌱.

👉 Read the full article here 🔗
https://www.anmconsultancy.com/post/navigating-the-seas-of-product-sourcing-a-comprehensive-guide
.

Explore the significance, strategies, and challenges of product sourcing in this comprehensive guide. Discover how sourcing impacts quality,

23/10/2024

Understanding Company Types in Turkey: A Guide to Business Structures 🌍📊
Introduction
If you're considering starting a business or expanding your operations into Turkey, understanding the types of companies recognized under the Turkish Commercial Code (TCC) is essential. Whether you're a foreign investor 🌐 or a local entrepreneur 🚀, choosing the right business structure impacts your company's liability, capital requirements, and the way it's governed.
In this blog post, we’ll break down the five main types of companies in Turkey, explore additional business structures 🏢, including those established in free zones, and discuss other relevant entities that may suit your business model.

A-Main Company Types in Turkey 🇹🇷
According to the Turkish Commercial Code, there are five principal company types in Turkey:
1. Joint Stock Company (JSC) 💼
A Joint Stock Company is a capital company divided into shares, with liability limited to the company’s assets. Shareholders are responsible only up to the value of their capital contributions, making it an attractive option for larger businesses 📈.
Key Features:
Capital Requirements: Minimum capital is 50,000 TL. For non-public JSCs opting for the registered capital system, the minimum is 100,000 TL. This system allows companies to increase their capital without a general assembly decision, giving greater flexibility 🔄.
Share Structure: JSCs can issue both registered and bearer shares, as well as bonds and debt instruments 📜.
Shareholder Liability: Limited to capital contributions 🛡️.
Governance: Managed by a Board of Directors. Foreigners can serve on the board, and a single-member board is permissible 🌍.
Audit Requirements: Companies exceeding certain thresholds in assets, revenue, or employees are subject to independent audits 📊.
Stock Exchange: Only JSCs can issue shares on the stock exchange 📈.
2. Limited Liability Company (LLC) 🏢
A Limited Liability Company is also a capital company, but with some notable differences from a JSC. It is a popular choice for small to medium-sized businesses 👥.
Key Features:
Capital Requirements: Minimum capital of 10,000 TL, which can be paid within 24 months of registration ⏳.
Shareholder Liability: Shareholders are only personally liable for unpaid public debts (e.g., taxes) in proportion to their shares ⚖️.
Governance: Managed by a Director or a Board of Directors. Share transfers require General Assembly approval 📝.
Debt Instruments: LLCs cannot issue bonds or debt instruments 🚫.
Maximum Shareholders: LLCs can have up to 50 shareholders 👥.
3. Collective Company 🤝
A Collective Company is established by two or more real persons, with all partners having unlimited liability for the company’s debts. This type of company is rare and typically used by small firms, often family-owned businesses 🏠.

Read the full article here: https://www.anmconsultancy.com/post/understanding-company-types-in-turkey-a-guide-to-business-structures

Explore company types in Turkey: JSC, LLC, Collective, Limited Partnership, Cooperative, Branch Offices, and Free Zone companies.

20/10/2024

Understanding Company Types in Turkey: A Guide to Business Structures
Introduction
If you're considering starting a business or expanding your operations into Turkey, understanding the types of companies recognized under the Turkish Commercial Code (TCC) is essential. Whether you're a foreign investor or a local entrepreneur, choosing the right business structure impacts your company's liability, capital requirements, and the way it's governed.
In this blog post, we’ll break down the five main types of companies in Turkey, explore additional business structures, including those established in free zones, and discuss other relevant entities that may suit your business model.
Main Company Types in Turkey
According to the Turkish Commercial Code, there are five principal company types in Turkey:
1. Joint Stock Company (JSC)
A Joint Stock Company is a capital company divided into shares, with liability limited to the company’s assets. Shareholders are responsible only up to the value of their capital contributions, making it an attractive option for larger businesses.
Key Features:
Capital Requirements: Minimum capital is 50,000 TL. For non-public JSCs opting for the registered capital system, the minimum is 100,000 TL. This system allows companies to increase their capital without a general assembly decision, giving greater flexibility.
Share Structure: JSCs can issue both registered and bearer shares, as well as bonds and debt instruments.
Shareholder Liability: Limited to capital contributions.
Governance: Managed by a Board of Directors. Foreigners can serve on the board, and a single-member board is permissible.
Audit Requirements: Companies exceeding certain thresholds in assets, revenue, or employees are subject to independent audits.
Stock Exchange: Only JSCs can issue shares on the stock exchange.
Read the full article here: https://www.anmconsultancy.com/post/understanding-company-types-in-turkey-a-guide-to-business-structures