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Foreign Companies Opening a Branch in Turkey

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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

 

For more details please contact us to assist you.

WhatsApp +90 555 481 13 42

https://www.turkishlawcentre.com/contact-us

 

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