Set-up a company in Turkey

Azkan Group can support you to set-up a company in Turkey.

Set-up of different types of company as Capital Company (limited liability company/joint stock company), Branch, Liaison Office and Non-Profit Organization.

info@azkangroup.com

Istanbul Office :+ 90.212.988.02.52

Paris Office : +331.40.37.26.74

Company establishment procedures :

Azkan Group provides support to their foreign clients in selecting the best type of company.

Are considered as foreign investor, non-Turkish citizens and Turkish citizens living abroad. Azkan Group supports them to set-up a company in Turkey.

It is important to notice that the obligation to get a pre-licence for foreigners in order to establish a company in Turkey is cancelled. The company status applies to entire investors.

The consent by Ministry of Industry and Commerce is necessary for certain activities. Please find below the industries which are subject to Capital Market Law :

  • Banking
  • Private Financial Institutions
  • Insurance
  • Financial Leasing, factoring, holding
  • Exchance offices, public entrepots
  • Founders and operatiors

Different types of company :

 

  • Joint Stock Company
  • Limited Liability Company
  • Branch
  • Liaison Office
  • Independant Audit Services

Joint-stock company

 
 Joint stock companies are created by at least one shareholder (it can be a real person or a legal entity based in the country) and the minimum capital investment for it is TL 50.000. 
It is into shares that the company’s stock capital is divided. For any commercial purpose you can found a joint stock companies :
– Banks
– Financial Leasing Companies
– Factoring Companies
– Card Services Companies
– Asset Management Companies
– Insurance Companies

It is by its board of directors and the general assembly that the joint stock company is company. Please note that this type of company is subject to taxation.

Limited liability company

 

Founded by at least one shareholder, the minimum capital requirement for LLC is TL 10.000. Considered as an hybrid legal entity, it gets certain characteristics of both partnership and corporation or sole proprietorship. We can distinct it from a corporation because it is a type of unincorporated association. More flexible than a corporation, LLC is a good deal for a single owner.

 

Branch

 

Are considered as a branch, all  companies with head office outside Turkey, wishing to deal with business in this country. 

 

Liaison office

 

Used by companies registered  outside Turkey for communication, cultural, and social issues. It can be used also in order to proceed for mergers and acquisitions, advertising, different types of promotion…Informing head office with the regard of close monitor and business opportunities. 

It is important to notice that liaison offices are not allowed to realize business activities (because they don’t pay any tax in Turkey). 

Independant audit services

 

Azkan Group is offering audit services to clients in order to establish a company in Turkey. We provide different audit services as follow :

Board evaluation : 

– Preparation of financial statements in accordance with UFRS

– Audit of financial statements issued in accordance with UFRS

– Special Azkan Group audit services

– Azkan Group is establishing an internal audit system plus the control of efficiency of internal audit sytem

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Discover interview of Azkan Group on Euronews

Publication of First dedicated to Management in Turkey :
« Doing business in Turkey : A guide to success”

 

Edition 2015 – Lignes de Repères – 72 pages – 12€

Written by Executive Manager EMEA of Azkan Group : Inane GURBUZ

Click here for more information about it.

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Istanbul : + 90 212 988 02 52 - @ : info@azkan.fr

Paris : + 33 (0) 1 40 37 26 74 - @ : info@azkan.fr

1 Quai de la Garonne - 75019 Paris

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