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 help you to Register Non-Profit Organization 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.
At the crossroads between Europe and Asia, Turkey offers a welcoming environment for all foreign investors, Turkey is known and broadly recognized as a major commercial hub. Finlexia handles all steps required to register a non-profit organization in Turkey. Please contact us via email or phone to set up a non-profit organization in Turkey.
Register Non-Profit Organization in Turkey
According to the 4721 numbered law, the non-profit organizations in Turkey are established as foundations and associations and are governed by the “Law for Foundations” and the “Associations Law”.
The Turkish associations are membership non-profit organizations created in order to achieve an objective stated in its Statute and with no permission to achieve profits for its members. At least seven founders are needed for establishing an association.
Steps Required to Register Non-Profit Organization in Turkey
The associations opened in Turkey have a Statute that contains the name and headquarters, the objectives and the activities planned to be performed in order to achieve those, and details regarding the founders (their names, their professions their address, and nationality).
The conditions for obtaining membership or to be withdrawn, the method of appointing and the frequency of meeting of the association’s general council, the responsibilities and powers of the general council and the methods and forms of voting and decision making, responsibilities and powers of the board of management and audit board, method of election.
The number of permanent and reserve members, if the association is to have branches and details regarding it (how many, their responsibilities and powers, and the method of representation in the general council), the yearly subscription amount, the methods of internal audit, how the statute can be amended, modality of dividing the remaining assets in case of dissolution.
Required Capital To Register Non-Profit Organization In Turkey
The recognition of the statute of association is earned after the submission of the foundation deed and other documents, such as the statute and a list of all the members to the Ministry of Interior Department of Associations.
The bodies of the associations opened in Turkey are the general council, the board of management, and the audit board.
The associations created in Turkey may be organized in federations (formed by a minimum of three associations) or in confederations (formed by at least three federations).
The Turkish foundations are non-profit organizations without membership established in order to achieve a certain objective prescribed in its Statute. The foundations are governed by “The new Foundation Law” adopted and put into effect on February 20, 2008.
A minimum of 50,000 Turkish Liras is necessary to establish a Turkish foundation.
The body that is handling the registration of the foundations opened in Turkey is the General Directorate of Foundations.
Annual reports have to be delivered to this body and if the foundation set up in Turkey is also performing activities for the public benefit, then the reports have to be delivered to the Ministry of Finance.
Reach us to Register Non-Profit Organization 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.