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 clients from Baltic counties and Russia to start their businesses and their swift migration to Turkey. We have set up several companies for our Russian clients and we are very well aware of their needs under the new sanctions.
We have a customs agency in our office building and many of our clients use their services to perform transit trade to Russia and 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 set up your branch office 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.
How to Set up a Branch Office 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 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.
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 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 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 to Set up a Branch Office 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|
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 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 a limited company, joint stock company, branch office, liaison office, and free trade zone company formation, management, and governance in Istanbul.
We also advise our company clients on a full range of new laws and related matters, as well as other corporate governance rules in Turkey. Our clients range from single entrepreneurs to small and medium size companies. For each of our clients, we tailor our approach to that client’s unique requirements.
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.