BridgeWest provides company formation in Turkey. Our assistance includes:
> drafting the Articles of Association (necessary for the company incorporation in Turkey); The Articles of Association of the Turkish company can be signed through Power of Attorney for each of the shareholders (a minimum of 2 shareholders is required for a Turkish Limited Liability Company).
> drafting all other documents required for the incorporation of the Turkish Company;These documents include: Specimen Signatures, Special Forms provided by the Company Registration Office in Turkey, passport copies etc.
> arranging Public Notary procedures and/or translations of the documents signed abroad. All incorporation documents will have to be filed in the Turkish language.
> offering a Registered Office in Turkey for your company (if required); The registered office may be a any address where the Turkish company declares to have its headquarters. The registered office will be public to third parties.
> setting up a bank account for your Turkish company.
This refers both to an initial share capital account needed to open a company in Turkey as well as a current bank account after the company is formed.
> recommending an accountant in Turkey; Accountancy services are recommended for any new business registration in Turkey.
BridgeWest can provide assistance for the formation of the following types of companies:
> Turkish Limited Liability Company - It is the most used type of business in Turkey, mostly for small to medium sized businesses, because of a relatively easy registration process, low corporate taxes and a lot more advantages. A Limited Liability company is founded by at least 1 members, natural persons, or legal entities and they are held liable for the company's losses and debts only to the extent of their contribution. The minimum required capital to open this type of company in Turkey is 10,000 YTL, out of which 1/4 must be deposited upon the registration of the company. Limited companies cannot issue stock certificates.
> Turkish Joint Stock Company – It’s a company designed for business at a larger scale and it is not as common as limited liability companies. Nevertheless a lot of Limited Companies evolve into joint stock companies, or become shareholders of one. A Joint Stock company must be established by at least 5 persons or legal entities and the minimum required capital is 50,000 YTL (approx. 24,000 EUR). The shareholders liability is limited with the share capital. A Joint Stock company can issue stock certificates, unlike Limited companies.
> Turkish Branch, Subsidiary or Representative Office-Any foreign company is able to set up branch entities in Turkey. These can be set up as separate
entities from the parent company (Turkish companies having the foreign company as shareholder) or extensions of the parent-company in Turkey.
Please contact us for more information reagarding how to open a company in Turkey and prices!
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Call us now at +44 203 287 0408 to set up an appointment with our specialists in Istanbul. Alternatively you can incorporate your company without traveling to Turkey.
As a BridgeWest client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Turkey.