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 assist you to register non profit organization 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 to register non profit organization in Turkey. Please contact us via email or phone to register non profit organization in Turkey.
The non-profit organizations in Turkey are established as foundations and association and are governed by the “Law for Foundations” and the “Associations Law”. The Turkish associations are membership non-profit organizations created in order to achieve an objective stated in its Statute and with no permission to achieve profits for its members. At least seven founders are needed for establishing an association.
Steps required to register non profit organization in Turkey
The associations opened in Turkey have a Statute which contains the name and headquarter, the objectives and the activities planned to be performed in order to achieve those, details regarding the founders (their names, their profession their address and nationality),the conditions for obtaining the membership or to be withdrawn, the method of appointing and the frequency of meeting of the association’s general council, the responsibilities and powers of the general council and the methods and forms of voting and decision making, responsibilities and powers of the board of management and audit board, method of election, the number of permanent and reserve members, if the association is to have branches and details regarding it (how many, their responsibilities and powers, and the method of representation in the general council), the yearly subscription amount, the methods of internal audit, how the statute can be amended, modality of dividing the remaining assets in case of dissolution.
Required capital to register non profit organization in Turkey
The recognition of the statute of association is earned after the submission of foundation deed and other documents, such as the Statue and a list with all the members to the Ministry of Interior Department of Associations.
The bodies of the associations opened in Turkey are the general council, the board of management and the audit board.
The associations created in Turkey may be organized in federations (formed by minimum three associations) or in confederations (formed by at least three federations).
The Turkish foundations are non-profit organizations without membership established in order to achieve a certain objective prescribed in its Statute. The foundations are governed by “The new Foundation Law” adopted and put into effect on February 20, 2008.
A minimum of 50,000 Turkish Liras is necessary to establish a Turkish foundation.
The body that is handling the registration of the foundations opened in Turkey is the General Directorate of Foundations.
Annual reports have to be delivered to this body and if the foundation setup in Turkey is also performing activities for the public benefit, than the reports has to be delivered to the Ministry of Finance.
Reach us for Register Non Profit Organization in Turkey
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 for register non profit organizationin Turkey by sending an email to email@example.com or fill in Contact Form in Contact page.