An escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company.

Escrows are very useful in the case of a transaction where a large amount money is involved and a certain number of obligations need to be fulfilled before a payment is released. The buyer might want confirmation of the quality of work being done before making a full payment, and the seller doesn't want to extend a massive amount of work without any assurance that he or she will receive payment.

As Payas&Payas Law office, we provide Escrow Services in Turkey to Foreigner Clients who wants to make a safe trade with Turkish Trade Companies.

It is hard to collect enough informaton about Turkish Trade Companies online and without strong references there is always a high risk to make a first time trade with Turkish Trade Companies but if you need to purchase goods/services from them, Escrow Services could be the safest way. As professional lawyers, we are playing an important part of a trustee for both parties and issue of money transaction becomes no problem for parties. In case there is a problem between the parties an easy and fast solution could be found by using methods of mediation and/or arbitration.

As a bottom line, Escrow Services could be very useful for first time traders in Turkey. Generally our fees are between %1 and %3 of trade value.