Akkas CPA is a globally recognized Turkish Accounting Firm with a long record of excellence and professionalism for your branch office formation in Turkey. Our accountants provide all kinds of accounting services in Turkey required to run your company in Turkey.
Table of Contents
- Branch Office Formation in Turkey
- Steps for Branch Office Formation in Turkey
- Bank Account Opening for Your Branch Office
Akkas CPA offers the best accounting services, at competitive prices to foreign businessmen who have already established or are getting ready to establish a company in Turkey.
After branch office formation in Turkey, you will need to hire an accountant & CPA to manage the financial issues and offer solutions to lower the costs for your business. A good accountant will help you save money and make your company more efficient in terms of costs. In a short time, if your company is managed well from all points of view, the profit will increase.
Branch Office Formation in Turkey
We Can Finish Branch Office Formation in Turkey within 3 Weeks
We can complete branch office formation 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.
Steps for Branch Office Formation 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 the 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 commercial representative (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.
To start 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 Establishing a Branch Office
- 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 the 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.
How Much Does it Cost for a Branch Office Formation in Turkey?
|FEES AND EXPENSES
|Attorney fee for the registration of a branch office
|Opening a bank account
|Tax Office registration
|Accounting fees per month
|Company address per month
|Official company registration expenses (Notary expenses for Articles of Association and all other documents)
Bank Account Opening for Your Branch Office
Nowadays, there is a huge demand for bank accounts opened by companies in Turkey. We will be able to assist you in opening a company bank account.
We need the below documents for the company bank account:
- Turkish tax ID number for the liaison office.
- Director power of attorney.
- Liaison office stamp.
Reach us for a Branch Office Formation in Turkey
Akkas CPA is one of the globally recognized Turkish Accounting Firms with a long record of excellence and professional leadership in Istanbul, Turkey.
Thanks to its nationally recognized accounting services, our accounting firm is now one of the leading accounting firms in Istanbul, Turkey. You may reach our accountants for branch office formation in Turkey by sending an email to us.