Finlexia is a globally recognized Turkish Accounting Firm with a long record of excellence and professional leadership in Istanbul, Turkey. Our company establishment team members are prepared to handle your Open Company Branch in Turkey.
Our Turkish company formation team is also experienced in liaison office formation, branch office formation, free trade zone company formation, joint stock company, limited liability company formation, holding company formation, and company management and governance.
Open Company Branch in Turkey
We do perform company formation services in Turkey and provide other company governance services for foreign persons and companies. We’ve been assisting clients from Baltic counties and Russia to start their businesses and their swift migration to Turkey. We have set up several companies for our Russian clients and we are very well aware of their needs.
We have a customs agency in our office building and many of our clients use their services to perform transit trade to Russia and other countries. We also provide company address services for foreign companies and our rates are very moderate.
We Copmplete Opening Company Branch within 3 Weeks
We can open company branch in Turkey within 3 weeks, we have established more than 260 companies for our foreign clients from Spain, UAE, Ukraine, Russia, UK, Morocco, Lebanon, Syria, S. Korea, Germany, Italy, Jordan, Vietnam, Poland, France, Pakistan, China, Hong Kong, USA, Malaysia, Iran, Portugal, Norway, Canada, Saudi Arabia, Iraq, and Kuwait.
How to Open Company Branch in Turkey?
A Turkish branch office or a non-Turkish company branch has 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 branch office manager residing in Turkey needs to be appointed to run the day-to-day business of the branch office. If the manager is Turkish it will be easier, if he is a foreigner, we must obtain residency for him at first.
For a branch office formation in Turkey, we will file our application with the below documents at the Ministry of Trade in Ankara. Once the branch office license is granted, then we will proceed to finalize formation procedures at the local chamber of commerce and the tax office.
We Need the Following Documents for Opening Branch Office in Turkey
- Mother Company’s Articles of Incorporation*
- Mother Company’s Good Standing document*
- The Company’s resolution to open a branch in Turkey (We will provide the text)
- Power of Attorney* given to the director (We will provide the text)
- Signature statement of a company director (We will get it done here)
- Passport copy of a foreign director. There must be one Turkish resident director.
- All required documents to set up a branch in Mother Company’s home country.
- 3 photos of directors
*These documents should either be apostilled or certified by Turkish consulates in the country where the mother company is registered. All of the approved documents should be notarized and translated into Turkish.
Reach us to Open Company Branch 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.