Which it is ready to establish a company in Turkey and does not want to lose time with the company registration process foreign entrepreneurs prefer to buy a ready-made company. Ready to buy a company, but there is an alternative option for foreign investors in many countries, laws in Turkey is slightly different. For a company to exist, it must have an economic activity. Therefore, the company, which has been inactive for years, loses its character.
According to the Turkish Commercial Code, it is mandatory that each establishment has a center. The headquarters of the business enterprise refers to the place where the business’s administrative, legal and commercial activities are collected and carried out. This location may be different from where the technical activities of the entity are carried out.
The new investment incentive system has been designed specifically to encourage investments that have the potential to reduce import dependence on intermediate goods that are important for the country’s strategic sectors. The main objectives of the new investment incentive system are to reduce the current deficit, to expand the investment supports provided to less developed regions, to increase the amount of support elements, to encourage clustering activities, and to support investments that will transform technology.
The Republic of Turkey Government of a new life through the foreign investor program allows foreign makes $ 250,000 in real estate investment in Turkey or $ 500,000 capital with the company who / bought foreign or $ 500,000 state investment vehicle or its activities showing state-owned bank in Turkey to draw three-year deposit, with the proviso Turkey gives citizenship to foreigners.
When establishing a company with foreign partners, you must apply for a work permit for foreign partners and foreign managers of the company. The company must meet the following conditions in order to obtain a work permit. According to the new law, joint stock companies and limited liability companies not domiciled in Turkey and their foreign partners eliminates the requirement of a work permit if there is no authority in these companies.
Since the most preferred types of companies are limited and joint stock companies, we will talk about these two types of companies. Both companies can be established with a minimum of one partner and the partners are limited to the capital they are committed to. The limited liability company can be established with a minimum capital of 10,000 Turkish Liras (TL) and a joint stock company with a capital of 50,000 TL. The initial capital of non-public joint stock companies that have accepted the registered capital system must be at least TL 100,000. In both types of companies, there is no hindrance for all or part of the partners to be foreign nationals.
A foreign natural persons according to the New TCC is possible to establish a limited liability company in Turkey. Previously, company executives were obliged to be Turkish citizens, but this obligation was abolished as of 26.06.2012 Accordingly, a foreign real person can set up a limited liability or joint stock company in Turkey. The new TCC 6102 stipulates at least one common number for the founders of joint stock and limited liability companies. Thus, it is possible to establish a joint stock company with a single share as of 01.07.2012.
Turkey, a rapidly growing economy, skilled labor force, not only global and regional investment potential in Turkey by foreign investors is one of the preferred countries. With the ‘Foreign Direct Investment Law edil adopted in 2003, the number of foreign investments and established companies increased. The main reason is that the new regulation is the removal of foreign obstacles to make direct investments in Turkey (to be explained later in the summer what it means direct investment). Thus, foreign investors were granted the same rights and opportunities as domestic investors and were allowed to establish all types of companies permitted by the Turkish Commercial Code (TCC). It should be noted that Turkish citizens living or working abroad can also benefit from the opportunities provided by this Law. So, this article is not only foreigners who want to invest in Turkey, Turks abroad are also closely.
Foreign direct investment, investors of the company by establishing branches in Turkey or abroad or are the investments that have been made for production in partnership with an existing company. Indirect investments such as portfolio investments by purchasing stocks or bonds are not considered in this context. So, who wants to make long-term and lasting investment in Turkey, business and foreign exchange risk in Turkey who would be able to benefit equally from the opportunities provided to domestic investors.
There is no legal obstacle for foreign real or legal persons to establish companies in Turkey. Recent laws have been amended to support foreign investors.
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