How to start up a business in Turkey

A presentation brought to you by Bridgewest

Types of companies in Turkey• Limited Liability Company

• Joint Stock Company

• Partnership

• General Commercial Partnership

• Limited Commercial Partnership

Limited Liability Company

• This company can be established by at least one person

• The minimum share capital for this company is 10.000 YTL

• ¼ of minimum share capital must be deposited upon the registration of the company

• This company cannot release stock certificates

Joint Stock Company

• This company can be established by at least five persons

• The minimum share capital of 50.000 YTL is required to establish this company

• This type of company can provide stock certificates

 Partnership  • This company can be formed by at least two

persons, but the partners must sign an agreement

• The partners have the same rights and obligations in this company

• The company do not require the minimum share capital to de registered

• The company does not have any legal entity

General Commercial Partnership

• This type of company has a legal entity

• This company can be formed by at least two partners

• The company should have one limited partner and one general

Steps for company formation in Turkey

• Providing the company denomination

• Providing a set of identification documents

• Drafting the registration documents

• Opening a bank account

• Submitting the company registration documents at the Commercial Registry Office in Turkey

Necessary documentation and information

• providing utility bills as proof of address

• providing passport copies of the shareholders and directors

• setting-up a bank account for the injection of the share capital

• submitting the company registration file at the Commercial Registry Office in Turkey

Requirements for Company  Formation in Turkey

• Any person of any nationality or residence can be a shareholder in a Turkish company

• The company can have one director

• The company must hold a local registered office

Services Provided for Company Formation in Turkey

• drafting the Articles of Association

• offering a Registered Office in Turkey

• setting up a share capital bank account

• recommending a Turkish accountant

Thank you for your attention

Please contact us for more information at

office@bridgewest.eu

www.companyformationturkey.com

Ph./Fax: (+44)203-287 0408