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Types of companies that can be established, you can also e-mail us for free of charge recommendation.
Company
There are two types of companies that could be established: a Limited Liability Company (LLC) and a Joint-Stock Company. Both types of entities have a legal identity. The minimum paid in capital for a LLC is 5,000 TL and requires at least 2 founders (maximum 50). For a Joint-Stock Company, the paid in capital is 50,000 TL and requires at least 5 founders. It should be noted that the paid in capital for both types of companies are not immediately due at incorporation; 1/4 of the capital is required within 3 months after establishment and the remainder within 3 years. To register for a LLC, we would have to lodge a petition to the provincial trade registration office, and for a Joint-Stock Company, the registration process would have to be done with the Ministry of Industry and Trade. The current corporate tax in Turkey is a flat rate of 20%.
There are two types of companies that could be established: a Limited Liability Company (LLC) and a Joint-Stock Company. Both types of entities have a legal identity. The minimum paid in capital for a LLC is 5,000 TL and requires at least 2 founders (maximum 50). For a Joint-Stock Company, the paid in capital is 50,000 TL and requires at least 5 founders. It should be noted that the paid in capital for both types of companies are not immediately due at incorporation; 1/4 of the capital is required within 3 months after establishment and the remainder within 3 years. To register for a LLC, we would have to lodge a petition to the provincial trade registration office, and for a Joint-Stock Company, the registration process would have to be done with the Ministry of Industry and Trade. The current corporate tax in Turkey is a flat rate of 20%.
Liaison Office
A liaison office, like the branch office, does not have a legal personality as it is viewed as an extension of the company. A key difference is that the liaison office can not engage in commercial activities; it can only act a contact point, conduct market research, or coordinate marketing efforts of the company. Permits to establish a liaison office are issued by the Directorate of Foreign Investment of the Undersecretariat of Treasury and are valid for a period of 3 years from their issuance and can be extended upon application.
A liaison office, like the branch office, does not have a legal personality as it is viewed as an extension of the company. A key difference is that the liaison office can not engage in commercial activities; it can only act a contact point, conduct market research, or coordinate marketing efforts of the company. Permits to establish a liaison office are issued by the Directorate of Foreign Investment of the Undersecretariat of Treasury and are valid for a period of 3 years from their issuance and can be extended upon application.
Branch Office
A branch office does not have a separate legal identity as it is seen as an extension of a foreign company. Any income originating from the branch is taxed by the Turkish government as a non-resident company. To establish a branch, your company would have to gain permission from the Ministry of Trade and Commerce and register with the regional Trade Registry Office.
A branch office does not have a separate legal identity as it is seen as an extension of a foreign company. Any income originating from the branch is taxed by the Turkish government as a non-resident company. To establish a branch, your company would have to gain permission from the Ministry of Trade and Commerce and register with the regional Trade Registry Office.
