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Open a Branch in Turkey

Updated on Monday 18th April 2016

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Open_a_branch_in_Turkey.jpgForeign investors in Turkey have many options when it comes to opening a company. Entrepreneurs who want to expand their activities in the country can choose to open a new company or a branch in Turkey. A branch of a foreign parent company has several advantages regarding the rapidity of the incorporation and the incorporation costs.
 
Our company formation agents in Turkey can help you file all the necessary documents and understand the obligations that the Turkish branch will have to observe.
 

The characteristics of a Turkish branch

 
A branch is essentially an extension of the parent company outside the country. This is a good thing as the incorporation costs will generally be lower than in the case of a new company or a subsidiary and it can commence its activities in Turkey much faster. On the other hand, the branch is fully dependent on the parent company that is fully liable for the debts and obligations of the Turkish branch.
 
Like any other legal entity in Turkey, the branch must be registered at the Trade Register. Before registering the company, a set of documents need to be drafted and prepared in order for the representatives of the branch to be able to make the application for registration.
 

Registering a branch in Turkey

 
The application for registering a branch in Turkey must be signed by the authorized representative of the company and submitted to the Ministry of Industry and Trade. The application must include the following documents:
 
- identification details for the parent company - name, nationality, date of establishments, address and capital;
- identification details for the appointed authorized representative of the Turkish branch;
- a copy of the company’s articles of association;
- a power of attorney that empowers the appointed representative to take any legal action in Turkey on behalf of the branch.
 
All the documents must be submitted in Turkish as certified and legalized translations. After the application is submitted to the Ministry, the company must also submit the necessary documents to the Trade Registry Office. They include: the permit to open the branch obtained from the Ministry of Industry and Trade, a special application form, notarized and legalized copies of the power of attorney for the branch representative and other letters and declaration forms.
 
Our Turkish company formation agents can help you submit the documents to the relevant authorities. If you need further help for investing in Turkey or want to know more about the particularities of the Turkish market and other available business forms, please contact our company formation agents in Istanbul.
 
 

Comments

  • Nihad Mohammed 2015-02-04

    dear . I have the offshore company made in Gambia . I need to open the branch in turkey . now im in turkey so please can you give me any contact mobile number in turkey to contact him . my mobile number is 00905053230294

    Hello Nihad, you can send your request at office@bridgewest.eu and one of our specialists in company formation will answer you.

  • Stanislav 2015-05-19

    We are the Ukrainian company willing to open a branch in Turkey and in any suitable free zone in order to sell the agricultural products (soybeans, soybean cake, soybean oil, poultry and eggs) within Turkey and export them from Turkey to Iran and Syria. Therefore, we ask you to assist us in this issue. Please, inform us of the very detailed procedure of the set up of the branch including time frames for each stage of registration an costs (state duties and your services), taxation and opening of a bank account.

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www.romanianlawoffice.com

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