FOREIGN COMPANIES OPENING BRANCHES IN TURKEY
It is preferred in many respects for foreign companies to open branches in Turkey. However, although this is an advantageous situation, it is a procedure that must be well-founded. Because faulty or negligent transactions made during the establishment of a branch cause legal problems in the long run.
OPENING A BRANCH IN TURKEY
The opening of a branch in Turkey by foreign companies is called the establishment of a branch of any company whose head office is located in a country other than Turkey to operate in Turkey. foreigners; Establishing a company in Turkey, opening a branch in their company or establishing a liaison office, etc. always have different procedures. It should be noted that the most important condition for foreign companies to open branches in Turkey is the condition that their capital be divided into shares. Turkish commercial companies law is mostly of western origin. Types of companies etc. mostly the same. However, we can summarize the Turkish trade companies involved in the application with a table as follows:
LEGAL ENTITY |
PARTNERS-COMPANY STRUCTURE |
|
JOINT STOCK COMPANY |
Legal entity, limited liability |
Real or legal person partner, at least 1 shareholder and minimum capital 50 Thousand TL |
LIMITED COMPANY |
Legal entity, limited liability |
Real or legal person partner, at least 1 shareholder and minimum capital 10 Thousand TL |
COMMANDITE COMPANY |
Legal entity, unlimited liability |
Real person partner, at least 2 shareholders |
UNLIMITED COMPANY |
Legal entity, unlimited liability |
Real person partner, at least 2 shareholders |
ORDINARY COMPANY |
No legal entity, unlimited liability |
Real person partner, at least 2 shareholders |
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