Are you considering expanding your business into Turkey? Look no further! Our experienced team of Turkish company formation law is ready to assist you throughout the process, ensuring a smooth and compliant entry into the Turkish market.
Table of Contents
- Understanding Turkish Company Formation Law
- Types of Business Entities in Turkey
- Contact us for Turkish Company Formation Law
Akkas Law Firm is your reliable partner in navigating the complexities of Turkish company formation. We will walk you through the steps, laws, and regulations involved in establishing a limited company, joint stock company, liaison office, or branch office in Turkey.
Understanding Turkish Company Formation Law
Unlock limitless growth opportunities in Turkey with our proficient team of Turkish company formation lawyers at Akkas Law Firm. Our comprehensive services encompass not only the establishment of your business but also expert guidance on tax optimization, compliance with local regulations, and strategic legal counsel to safeguard your interests
Types of Business Entities in Turkey
Before diving into the formation process, it’s essential to understand the various types of business entities available in Turkey:
Limited Company (Limited Sirket)
A limited company is the most common form of business entity in Turkey, characterized by its limited liability structure. It requires at least one shareholder and one director, who can be a foreign national. The minimum share capital required is 10,000 Turkish Lira. Our Turkish company formation law team will guide you through the specific requirements and regulations of limited company formation.
Joint Stock Company (Anonim Sirket)
A joint stock company is a publicly traded entity that offers shares to the public. It requires a minimum of five shareholders and a board of directors. The minimum share capital for a joint stock company is 50,000 Turkish Lira. Our team of Turkish company formation law team will guide you through the specific requirements and regulations of joint stock company formation.
A liaison office is a representative office that facilitates market research, promotional activities, and communication for the parent company. It cannot conduct commercial activities in Turkey and is subject to reporting requirements. Our Turkish company formation law team will guide you through the specific requirements of liaison office formation.
A branch office is an extension of the parent company, allowed to conduct commercial activities in Turkey. It is subject to Turkish taxes and regulations. Our Turkish company formation law team will guide you through the specific requirements of branch office formation.
Free Zone Company
Our experienced Turkish company formation law team will guide you through the specific requirements and regulations of free zone company formation, ensuring a seamless setup process. Gain a competitive edge in the global market and capitalize on the unrivaled opportunities in Turkey’s Free Zones.
Steps for Establishment: Laws and Regulations
- Selecting a Company Name: Choosing an appropriate and unique company name is the first step. The name must be checked for availability and compliance with Turkish naming rules.
- Articles of Association: Drafting the articles of association is a crucial step in establishing the company’s legal framework. This document outlines the company’s structure, activities, and rules governing its operations.
- Notarization and Registration: The articles of association and other required documents must be notarized and submitted to the Trade Registry Office for registration.
- Obtaining Tax Identification Number: The company must obtain a tax identification number from the local tax office.
- Opening a Bank Account: The company’s share capital must be deposited into a bank account in Turkey.
- Obtaining Necessary Permits: Certain business activities may require specific permits or licenses from relevant authorities.
Duration and Procedures:
The duration of the company formation process in Turkey varies depending on the type of business entity and the completeness of the application. On average, it takes approximately two to six weeks to complete the entire process.
Costs and Lawyer Services
The costs involved in Turkish company formation include government fees, notarization fees, and legal fees. Our dedicated team of Turkish company formation lawyers at Akkas Law Firm will provide you with a transparent breakdown of costs and offer tailored solutions that meet your budgetary requirements.
Contact us for Turkish Company Formation Law
Expanding your business to Turkey can be a lucrative venture, given its strategic location, growing economy, and business-friendly environment. However, navigating the complex legal landscape of Turkish company formation can be challenging without professional assistance.
Our experienced team of Turkish company formation law is committed to delivering personalized, efficient, and cost-effective solutions to help you establish your business in Turkey successfully.
Contact us today to embark on this exciting journey of expansion and growth in the dynamic Turkish market!