5 Key Advantages of Purchasing a Ready-Made Company in Turkey: Your Fast-Track to Business Success

Starting a business in Turkey can be a rewarding venture, especially for foreign investors attracted by the country’s dynamic economy. One of the most efficient ways to establish a business presence in Turkey is through a ready-made company, also known as a shelf company. 

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5 Key Advantages of Purchasing a Ready-Made Company in Turkey

In today’s fast-paced business world, time is of the essence. For entrepreneurs and investors looking to establish a presence in Turkey’s thriving market, purchasing a ready-made company offers a swift and efficient solution.

At Akkas CPA & Turkish Accounting Firm, we’ve guided numerous clients through this process, helping them hit the ground running in Turkey’s dynamic economy.

What is a Ready-Made Company in Turkey?

A ready-made company, also known as a shelf company, is a pre-registered business entity that has been established but has not yet conducted any commercial activities. These companies are fully compliant with Turkish law and are immediately available for purchase, allowing buyers to bypass the time-consuming process of setting up a new company from scratch.

The 5 Key Advantages of Purchasing a Ready-Made Company in Turkey

1. Time Efficiency: Launch Your Business in Record Time

One of the most significant advantages of acquiring a ready-made company in Turkey is the time saved in the setup process. While establishing a new company can take several weeks or even months, purchasing a shelf company allows you to start operations almost immediately. This time efficiency is crucial for:

• Capitalizing on time-sensitive business opportunities
• Meeting strict project deadlines
• Gaining a competitive edge in the market

By choosing a ready-made company, you can focus on your core business activities rather than getting bogged down in administrative procedures.

2. Instant Credibility: Leverage an Established Business Entity

In the business world, perception matters. A ready-made company in Turkey often comes with:

• An established date of incorporation
• A history of compliance with local regulations
• An existing bank account

These factors can lend instant credibility to your business, particularly when dealing with potential clients, partners, or investors who may prefer working with more “seasoned” companies. This perceived longevity can be especially beneficial when:

• Bidding for government contracts
• Applying for business loans
• Negotiating with suppliers

3. Simplified Process: Streamlined Acquisition and Transfer

Purchasing a ready-made company in Turkey typically involves a more straightforward process compared to setting up a new entity. The key steps usually include:

1. Selecting a suitable company from available options
2. Conducting due diligence to ensure the company’s clean history
3. Transferring ownership through a share purchase agreement
4. Updating company details with relevant authorities

At Akkas CPA & Turkish Accounting Firm, we guide our clients through each of these steps, ensuring a smooth and compliant transfer process.

4. Flexibility in Structure: Tailor the Company to Your Needs

Ready-made companies in Turkey offer a high degree of flexibility. Once acquired, you can:

• Change the company name to align with your brand
• Modify the business purpose to suit your specific activities
• Restructure the share capital as needed
• Appoint new directors and change the registered address

This flexibility allows you to mold the pre-existing entity into a business that perfectly fits your vision and operational requirements.

5. Potential Tax Benefits: Leverage Historical Losses

In some cases, ready-made companies may come with accumulated losses from previous periods. While it’s crucial to conduct thorough due diligence, these losses could potentially be used to offset future profits, leading to tax savings. However, it’s important to note that:

• The use of historical losses is subject to specific regulations
• Professional advice should be sought to ensure compliance with Turkish tax laws

At Akkas CPA & Turkish Accounting Firm, our team of expert accountants can help you navigate these complexities and maximize any potential tax benefits.

Considerations When Purchasing a Ready-Made Company in Turkey

While the advantages are significant, it’s essential to approach the purchase of a ready-made company with due caution. Key considerations include:

• Thorough Due Diligence: Ensure the company has no hidden liabilities or legal issues.
• Compliance Check: Verify that all statutory requirements have been met.
• Cost Analysis: Compare the cost of purchasing a ready-made company versus setting up a new one.
• Suitability Assessment: Ensure the pre-existing structure aligns with your business goals.

How Akkas CPA & Turkish Accounting Firm Can Assist You

As a leading accounting and legal services firm in Istanbul, Akkas CPA & Turkish Accounting Firm offers comprehensive support for entrepreneurs and investors looking to purchase ready-made companies in Turkey. Our services include:

• Identifying suitable ready-made companies based on your requirements
• Conducting thorough due diligence and compliance checks
• Assisting with the ownership transfer process
• Providing post-acquisition support, including accounting and tax services

With our deep understanding of the Turkish Commercial Code and accounting practices, we ensure a smooth and compliant transition as you establish your business presence in Turkey.

Conclusion: Fast-Track Your Business Success in Turkey

Purchasing a ready-made company in Turkey offers a strategic advantage for businesses looking to establish a quick and credible presence in this dynamic market. From time efficiency and instant credibility to flexibility and potential tax benefits, the advantages are clear. However, it’s crucial to approach this process with expert guidance to ensure compliance and maximize the benefits.

At Akkas CPA & Turkish Accounting Firm, we’re committed to helping you navigate the complexities of acquiring and operating a ready-made company in Turkey. With our expertise and personalized support, you can fast-track your business success in one of the world’s most exciting emerging markets.

Take the first step towards accelerating your business journey in Turkey. Contact Akkas CPA & Turkish Accounting Firm today to explore how a ready-made company can pave the way for your success in the Turkish market.

Contact us for a Ready-Made Company in Turkey

Ready-made companies in Turkey offer a fast-track solution for entrepreneurs and investors looking to establish a business presence in this dynamic market. These pre-registered entities provide numerous advantages, including time efficiency, instant credibility, and operational flexibility.

By purchasing a shelf company, you can bypass the lengthy setup process, potentially leverage tax benefits, and start your business operations almost immediately. However, it’s crucial to conduct thorough due diligence and ensure compliance with Turkish regulations.

For expert guidance in acquiring and managing a ready-made company in Turkey, contact Akkas CPA & Turkish Accounting Firm. Our experienced team of accountants and legal professionals can assist you throughout the entire process, from selecting the right company to handling post-acquisition accounting and tax matters.

Take the first step towards accelerating your business success in Turkey – reach out to Akkas CPA & Turkish Accounting Firm today.