Erdal Nuhbasa – Law and Consulting Firm – Legal Services

ERDAL NUHBASA 

LAW AND CONSULTING FIRM

Setting Up a New Company 

          To Set Up a Company in Turkey, foreigners have the same procedure like Turkish people. Of course, there are some different documents that you will need to handle but process will be the same like locals. Depending on the type of company, you must have minimum share capital (i.e for LLC min 10.000 Turkish Liras). Any company must be registered Trade Register then you can start your activity as a company. 

     For registration you need; 

  • Letter of undertaking in which the objectives and activities of the company are explained
  • Articles of association
  • Proof that the share capital has been deposited 
  • Establishment petition, Chamber registration statement and establishment form to be submitted to the Turkish Trade Registry.
  • Identification documents for the company founders- The power of attorney for individuals appointed to represent the company in front of the Turkish authorities.
 

   For more information contact us.

Setting Up a Branch of a Company 

    Establishing a branch of a company has harder and longer process than setting up a new one. Except for the other documents that you can handle in Turkey, you must have some other documents from state where you set up your company. 

        These documents are:

  1. The decision of the authorised body of the company to open a branch. – As an original and a translated copy.
  2. Articles of Association (aoa) – As an original and a translated copy.
  3. The incorporation document containing the records of where, when and according to the laws of which state the company was established, and the activity certificate showing that it is still operating – As an original and a translated copy
  4. Certified copy of the documents of constitution of company and its Turkish translation – It must be approved by the notary publics of the State where the head office is located. It must be approved by the Turkish Consulate in that country or within the framework of international agreements on this subject.
  5. The decision of the authorized body of the Registered Office regarding opening a branch and appointing a representative (full authorized person who must reside in Turkey) – Must be given 3 copies. The same procedures at 4. should be done. (foreign country notary approval and consular approval)
  6. Apostille annotated and notarized translation of the declaration containing the basic information about the branch. – Must be given in 3 copies. In this declaration you will have the information of: Company’s title, type, subject of business, amount and type of capital, date of establishment, registration number, law to which it is subject, whether it is an EU member, web address, the same information for the branch, identity information of the branch representatives and their place of residence.
  7. Document and apostille certified translation (notarized) obtained from the official authorities of that State, stating that the conditions required to open a branch in a foreign country according to the law of the State where the company is headquartered.
  8. All documents required for registration of the branch in the State where the head office is located.
 
 For more and detailed information contact us.