Akkas CPA & Turkish Accounting Firm is a globally recognized Turkish Accounting Firm with a long record of excellence and professional leadership in Istanbul, Turkey. Our company formation team is prepared to handle your company formation needs in Turkey. 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. Akkas CPA handles all steps required for open company branch in Turkey. Please contact us via email or phone for set up a company branch in Turkey.
There are many ways in which a foreign entrepreneur can do business in Turkey. Setting up a company, usually Limited Liability Company may turn out to be a profitable activity, as the economic environment is stable and the workforce qualified. However already existing foreign companies may establish branches on the territory of Turkey. A Turkish branch is not a separate legal entity from its parent company, which is fully liable for its debts and obligations.
Preliminary Activities Prior to Registering a Turkish Branch
In order for a company branch to be able to commence its commercial activity it must register with the Trade Registry Office, but prior to that some procedures need to be completed. The company branch must be incorporate by a representative. Preparing and notarizing the articles of association and documentation of the branch is mandatory in order to submit it along with the registration application. After drafting all the required documents the branch may apply for registration.
Obtaining Permit for Opening a Turkish Branch with the Ministry of Industry and Trade Approval
The Ministry of Industry and Trade is the authority for opening a branch based in Turkey. In order to register an application signed by the authorized representative of the company must be filed with the Ministry of Industry and Trade. The application has to be posted to the Ministry Directorate and must include the date of establishment of the company, the address and capital, information of the authorized representative, business activities of the branch, Turkish translations and a proof of existence of the foreign parent company.
After obtaining the permit from the Turkish Ministry of Industry and Trade the branch must register with the Trade Registry Office. The documents required for registration include an application in Turkish language signed by the authorized representative, notarized and legalized copied of the Power of Attorney and Articles of Association, and specimen signatures of the managing board and representative. Upon a few days from submitting the application, the registration certificate is issued.
Setting up a Turkish Company Branch from Abroad
The state of Turkey does not impose restrictions for fully owned companies, and therefore setting up a foreign company branch In Turkey is welcomed. However a registered office must be provided for the company branch and an authorized representative must carry out the incorporation procedures.
How Long does it Take to Establish a Turkish Branch?
Most of the incorporation procedures are completed in one day, but the time period might vary depending on many factors. Preparing and notarizing the articles of association and other documents might take up to two, three days, depending on the notary’s schedule. Obtaining the permit from the Ministry and Trade Approval also takes a few days, same as obtaining the registration certificate from the Trade Registration Office. Usually a company branch in Turkey is ready to function in approximately two weeks.
Reach us to Open Company Branch in Turkeyy
Since its foundation, Akkas CPA & Turkish Accounting Firm has been the choice of numerous clients in Turkey. Thanks to its nationally recognized accounting and legal services, our accounting firm is now one of the leading accounting firms in Istanbul, Turkey. You may reach our accountants and lawyers to open company branch in Turkey by sending an email to firstname.lastname@example.org or fill in Contact Form in Contact page.