Akkas & Associates Turkish lawyers are prepared to assist your branch office set up in Turkey. Our company formation lawyers are experienced in establishing a limited company, joint stock company, holding company, branch office, liaison office, free zone company, management, and governance in Istanbul.
We do perform company formation services in Turkey and provide other company governance services for foreign persons and companies. We’ve been assisting foreign clients from Europe, Asia, America, and Africa to start their businesses and their swift migration to Turkey. We have set up several companies for our clients and we are very well aware of their needs.
We have a customs agency in our office building and many of our clients use their services to perform import, export and transit trade to other countries. We also provide company address services for foreign companies and our rates are very moderate.
We Can Set up Branch Office within 3 Weeks
We can finish your branch office set up 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 Set up 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 the 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 first.
In order to set up a branch office 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 Branch Office Set up in Turkey
- 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.
Cost of Branch Office Set up in Turkey
|FEES AND EXPENSES||USD|
|Attorney fee for the registration of a branch office||2,500|
|Opening a bank account||250|
|Tax Office registration||250|
|Accounting fees per month||200|
|Company address per month||50|
|Official company registration expenses (Notary expenses for Articles of Association and all other documents)||1,500|
Reach us for a Branch Office Set up in Turkey
Akkas & Associates Turkish lawyers are prepared to assist your branch office set up in Turkey. Our company formation lawyers are experienced in limited companies, joint stock companies, branch offices, liaison offices, and free trade zone company formation, management, and governance in Istanbul.
Our law firm is one of the leading law firms providing company formation services in Istanbul, Turkey. You may reach us for a branch office set up in Turkey through our Contact page.