How to open a company in Turkey

The Turkish government spends legislations that are very convenient for foreign investment. There are many government programs for the development of small and medium enterprises, and the use of these programs companies not only local capital but also foreign. Today in Turkey, there are more than 15 000 companies with foreign capital. There is big businesses in the world market: The Japanese Toyota, Honda, American Ford, Procter & Gamble, Philip Morris, the French Renault, cement Francaise, German Bosch, Mercedes, Siemens, Italian Pirelli, Fiat and others.

In addition, during the opening of Business receives the foreigners the same rights, privileges and subsidies as Turkish counterpart: you need only remember that the responsibility is the same as by a Turkish citizen.

To an open Ltd company you have at least one foreigner, registration will take about 2 weeks:
1. 2-3 days you need for the collection of basics: to obtain a certificate of registration of a foreign citizen translation of documents by a licensed translator, notary, at the residence.
2. 2-3 days registration of LTD company in the Chamber of Commerce.
3. Within 8 days a response comes from the official commercial register by applying the necessary documents.

Types of businesses:
Public companies, such as: • Joint Stock Company (A.Ş.) • Limited liability company (GmbH Sti.) • limited company • Group Companies • Cooperative
joint-stock company

Share capital is divided into shares, the liability of the shareholders in the subscribed capital and paid shareholder limited.
At least one shareholder (natural or legal person) and a minimum capital of 50,000 YTL are mandatory. A prerequisite for the company is the general meeting and the board.

Company with limited liability
This is a company in which there is at least one shareholder (natural or legal person), and shareholder liability is limited to the subscribed capital and paid shareholder limited. Minimum capital of YTL 10,000 is imperative.

Company with limited liability
This is a company organized for the implementation of business management under the brand name. The responsibility of certain shareholders is defined as a dedicated and pay their share of the capital and some shareholders Limitation is not provided. The minimum capital is not required. Rights and obligations of shareholders are determined by the

Articles of Association.
General partnership
This is a company for the implementation of corporate governance organized under the brand name, and the responsibility of all shareholders is limited only by the size and dedicated to their paid share capital. The minimum capital is not required. All shareholders must be individuals. Rights and obligations of shareholders are determined by the Articles of Association. Procedures for the establishment of the company
You need to prepare (a copy of the original) in triplicate notarial Articles of Association. Not later than 15 days after certification charter a request to the appropriate representation of the Board of the Register must submit to the other set of documents.