Finlexia is a globally recognized Turkish Accounting Firm with a long record of excellence and professional leadership in Istanbul, Turkey. Our Turkish company formation team is prepared to handle your company formation needs in Turkey and inform you How to Setup Company in Turkey? Our Turkish company formation team is experienced in liaison office formation, branch office formation, free trade zone company formation, joint stock company, joint venture formation, limited liability company formation, holding company formation, and company management and governance.

How to Setup Company in Turkey?

Today, clients are faced with unprecedented challenges as new laws and regulations are changing the way the corporate world works. Finlexia Accounting Firm has one of the preeminent corporate governance practices in Turkey, drawing upon the expertise of our corporate, securities, governance, litigation, and compensation specialists to provide our clients with the information and analysis needed to respond to a rapidly changing regulatory environment.

We regularly advise clients with respect to the formation of companies. Our services with respect to company formation include advising and drafting documents in connection with the formation of corporations, limited liability companies, and liaison offices. We provide targeted advice with respect to both the choice of entity and Turkish laws under the entity is to be organized.

How to Setup Company in Turkey

Turkish Company Formation Services

Our company formation team is experienced in the formation and governance of;

in Turkey. We maintain the unsurpassed practice in counseling and representing large and small companies and boards of directors regarding entity formation and corporate governance matters. We advise our public and private clients on all matters concerning the formation of new entities from corporate formalities to tax issues. How to Setup Company in Turkey?

We also advise our company clients on a full range of new laws and related matters, as well as other corporate governance rules. Our clients range from small private companies with no internal legal staff to medium size companies with their own internal legal staff. For each of our clients, we tailor our approach to that client’s unique requirements.

Free Trade Zone Company Formation in Turkey

A Turkish Free Trade Zone is a specially designed production site that aims at increasing export-oriented investment and production in Turkey, accelerating the entry of foreign capital and technology into Turkey, enhancing productivity and economies of scale, and increasing the utilization of external financial sources and trade opportunities. Although a Free Trade Zone is within the boundaries of the Republic of Turkey, it is treated as if it were a territory abroad. National regulations relating to foreign trade, financial and economic areas are partially applicable to Free Trade Zones. There are 20 Free Trade Zones in Turkey and their annual trade volume amounted to more than $ 23 billion in the year 2005.

Free Trade Zone Company Formation in Turkey

Turkish Free Trade Zone Company Formation Services

We maintain the unsurpassed practice in counseling and representing large and small companies and boards of directors regarding company formation in a Turkish Free Trade Zone and governance matters. We advise our clients on all matters concerning the formation of new entities from corporate formalities to tax issues.

We regularly advise clients with respect to the formation of companies. Our services with respect to company formation include advising and drafting documents in connection with the formation of corporations, limited liability companies, and Turkish liaison and branch offices. We provide targeted advice with respect to both the choice of entity and Turkish laws under the entity is to be organized.

Our clients range from small private companies with no internal legal staff to large companies with their own internal compliance teams. For each of our clients, we tailor our approach to that client’s unique requirements.

Joint Stock Company Formation in Turkey

A Turkish Joint Stock Company (JSC) can be established for an indefinite period with at least one real person or legal entity shareholder, and an initial capital of at least 50.000.-TL (around 12,500.- USD). Under Turkish law, certain activities such as banking or insurance can only be carried out by companies established as JSC. In addition, only JSC may offer its shares to the public, and trade its shares on the stock exchange.

The capital of a JSC is divided into shares, each being separate and conferring equal rights in proportion to their nominal value, except in the case of special privileges. Shares are freely transferrable, however certain transfer restrictions may be set forth in the Articles of Incorporation. Share transfer in JSC is effected through endorsement and delivery of the share certificate or provisional share certificate, as the case may be. Furthermore, once a share subscribed is paid in full, the holder of that share may not be expelled.

Joint Stock Company Formation in Turkey

Turkish Joint Stock Company Formation Services

We maintain unsurpassed practice counseling and representing large and small companies and boards of directors regarding JSC formation and governance matters. We advise our clients on all matters concerning the formation of new entities from corporate formalities to tax issues.

We regularly advise clients with respect to the formation of companies. Our services with respect to company formation include advising and drafting documents in connection with the formation of corporations, limited liability companies, and Turkish liaison and branch offices. We provide targeted advice with respect to both the choice of entity and Turkish laws under the entity is to be organized.

Our clients range from small private companies with no internal legal staff to large companies with their own internal compliance teams. For each of our clients, we tailor our approach to that client’s unique requirements.

Liaison Office Formation in Turkey

Companies established in accordance with laws of foreign countries can open liaison offices in Turkey provided that those offices do not carry out any commercial activities in Turkey. So as to open a liaison office in Turkey, the relevant company has to apply to the Directorate General of Foreign Investments of the Undersecretariat of Treasury.

Applications for establishment and extension are to be finalized within 5 days following the application provided that the necessary documents are complete and proper. Applications of foreign companies to establish liaison offices so as to operate in sectors subject to special legislation such as money and capital markets, insurance, etc. are assessed by the relevant regulatory and supervisory authorities.

Liaison Office Formation in Turkey

Turkish Liaison Office Formation Application Documents

The following documents have to be submitted to the Directorate General for establishing a liaison office in Turkey:

  • The original copy of the Certificate of Activity approved by the related Turkish Consulate or approved in accordance with the provisions of the Convention on the Abolishing the Requirement of Legalization for Foreign Official Documents Approval Obligation prepared on the basis of the Hague Conference on International Private Law,
  • Operational report or balance sheet and income statement of the main company,
  • The original copy of the power of authority issued to the name of the person who is appointed to carry out the operations of the liaison office,
  • The original copy of power of attorney in the case another person will carry out the establishment transactions of the liaison office.

Branch Office Formation in Turkey

Branch offices have autonomous capital and accounting to carry out commercial transactions with third parties, although they are closely associated with the parent company in respect of internal management. This means that rights, debts, profits, and losses of the branch offices are assumed by the parent company.

A branch office can only engage in activities of its parent company. It cannot provide goods and services or engage in any commercial activities that are not specified in the parent company’s articles of association. Although there is no legal capital requirement for branch offices, it is required that the incorporating company maintains a capital sufficient to run the branch office in practice.

A branch office shall use the same corporate name as that of the parent company by indicating that it is a branch office and also contain the location of the head office and the branch office. A fully authorized commercial representative (branch office manager) residing in Turkey needs to be appointed in order to run the day-to-day business of the branch office.

Branch Office Formation in Turkey

Turkish Branch Office Formation Services

We maintain unsurpassed practice counseling and representing large and small companies and boards of directors regarding branch office formation and governance matters. We advise our clients on all matters concerning the formation of new entities from corporate formalities to tax issues.

We regularly advise clients with respect to the formation of companies. Our services with respect to company formation include advising and drafting documents in connection with the formation of corporations, limited liability companies, and Turkish liaison and branch offices. We provide targeted advice with respect to both the choice of entity and Turkish laws under the entity is to be organized.

Our clients range from small private companies with no internal legal staff to large companies with their own internal compliance teams. For each of our clients, we tailor our approach to that client’s unique requirements.

Reach us for How to Setup Company in Turkey?

Since its foundation, Finlexia Turkish Accounting Firm has been the choice of numerous clients in Turkey. Thanks to its nationally recognized accountants and accounting services, our accounting firm is now one of the leading accounting firms in Istanbul, Turkey. You may reach our accountants and lawyers for How to Setup Company in Turkey by sending an email or filling in Contact Form on the Contact page.