Turkey Company Formation

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Turkey

Company Formation and Related Services

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Buying a European shelf company with VAT number

Whenever you need to start doing business immediately in a European country and you need a company with a VAT number, you don’t have to wait for the bureaucratic procedures.

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Partner Law Firms

We encourage you to contact our partner law firms in Bucharest: Rolegal and E&C, both part of our legal network.

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Tax Minimization Structures

BridgeWest is specialized in special corporate structures designed for tax minimization. No matter where you want to incorporate your company, you will need to consider how you can legally minimize costs.

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Register a Non Profit Organization in Turkey

November 5, 2012, 12:24 pm
BridgeWest

The non-profit organizations in Turkey are established as foundations and association and are governed by the “Law for Foundations” and the “Associations Law”. The Turkish associations are membership non-profit organizations created in order to achieve an objective stated in its Statute and with no permission to achieve profits for its members. At least seven founders are needed for establishing an association.

The associations opened in Turkey have a Statute which contains the  name and headquarter, the objectives and the activities planned to be performed in order to achieve those, details regarding the founders( their names, their profession their address and nationality),the conditions for obtaining the membership or to be withdrawn, the method of appointing and the frequency of meeting of the association's general council, the responsibilities and powers of the general council and the methods and forms of voting and decision making, responsibilities and powers of the board of management and audit board, method of election, the number of permanent and reserve members, if  the association is to have branches and details regarding it (how many, their responsibilities and powers, and the method of representation in the general council), the yearly subscription amount, the methods of internal audit, how the statute can be amended, modality of dividing the remaining assets in case of dissolution.

The recognition of the statute of association is earned after the submission of foundation deed and other documents, such as the Statue and a list with all the members to the Ministry of Interior Department of Associations. 

The bodies of the associations opened in Turkey are the general council, the board of management and the audit board.

The associations created in Turkey may be organized in federations (formed by minimum three associations) or in confederations (formed by at least three federations).

The Turkish foundations are non-profit organizations without membership established in order to achieve a certain objective prescribed in its Statute. The foundations are governed by “The new Foundation Law” adopted and put into effect on February 20, 2008.

A minimum of 50,000 Turkish Liras is necessary to establish a Turkish foundation.

The body that is handling the registration of the foundations opened in Turkey is the General Directorate of Foundations.

Annual reports have to be delivered to this body and if the foundation setup in Turkey is also performing activities for the public benefit, than the reports has to be delivered to the Ministry of Finance.




Open Business in Turkey
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Company Formation in Turkey

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