Company Establishment in Turkey : With reasons like its promising economy, young and dynamic population, adjacency to energy resources, lucrative domestic market, Turkey become more tempting for foreign investors. Entrepreneurs planning to invest in Turkey should establish a company in Turkey and get consultation from well educated attorneys who worked both domestic and foreign clients.
Ankara, capital city of Turkey, is a recommended place for company establishment because of its administrative advantages.
Company Types in Turkish Commercial Code
Collective CompanyCommandite CompanyJoint Stock CompanyLimited Liability CompanyCooperative CompanyFrom all of these company types, Limited Liability Company and joint stock company types are the most preferred ones.
Establishment Process of a Commercial Company ankara
Submit required documents of company with MERSISNotarization of documents which stated in Turkish Commercial LawAcquire a Tax Number (This tax number is required for capital payments)Deposition of an amount of capital to the Turkish Central Bank account (At least 25 percent of 10.000 TL for Limited Liability Company and 50.000 TL for Joint Stock Company has to be paid and the payment has to be proofed. After that, remaining amount shall be paid in following 24 months. )Application to Trade Registry OfficePublication of the Company by NotaryWhat Have to Done After Establishment of a Company ?
Foreign investors should work with an attorney after the establishment. Also, for joint stock companies, regular attorney hire is mandatory according to Turkish Commercial Code. Choosing the right attorney for your is vital for company’s enduarence. A company attorney have to be an expert in commercial law and labour law. Labour law has its own importance in this process because of the possible compensations and payments of the employees. In addition to that, specialized legal services are required in company services.
By Lawyer Cihan Orhan