Company Registration in Turkey - Benefits of investing

Investing in Turkey has been a global trend. The rate of development in the nation has attracted investors from all over the world to start a business in the nation. An influx of Middle Eastern and European investors flocking the nation has made the same a lucrative option for employment and business. It makes Turkey a global destination for investment as it offers rapid growth and development. 

Why opt for Company Registration in Turkey?

Turkey's developing economy has made it an interesting investment destination for investors. It has tripled its GDP to 784 billion USD. As a result, Company Formation in Turkey has become a lucrative and promising option. Also, it is one of the fastest-growing economies in the world.

The nation also has one of the best-developed infrastructures in the region. The transport, telecommunications, and energy-efficient alternatives make it another important alternative to invest in. With the increase in Government's contribution to international business growth and development plans, international enterprises can attain taxation benefits and deductions.

Essentials of Company Registration Turkey- Investors do not need to give up on their current status as citizens of the home country. They do not need to give history examinations or opt for language tests to qualify for the same. The investment avenue is extremely flexible, and one doesn't have to oblige the applicant to reside in the nation to retain the status.

Here are some of the major aspects of Company Registration inTurkey - 

• A person of any nationality can be the director or shareholder in the company.
• The shareholders of the same can be either real people or legal entities.
• For a limited liability company, there must be a minimum of 1 director and shareholder.
• A company in Turkey must rent a local office (Registered office).
• For registration of a Limited Company, an injection of the share value of TRY 100.000 must be made. Out of the total amount, an investment of TRY 25,000 must be made in the bank account on registration. 

Company shareholders-To start a Turkish company, there must be a single shareholder. He can be of any nationality and can reside anywhere in the world. 

Such a shareholder may be an individual or corporate entity. Hence, an individual needs to submit the following documents through his selected immigration agency or consultant for the process - 

• A copy of my passport
• Shareholder details
• Shareholder photographs
• Specimen signature (prepared through a notary in Turkey)
• A power of attorney to authorize the agency to represent the company for the process 

However, for a business entity, the following documents need to be presented through their agency - 

• The decision of the board of directors to establish such a business. 
• The same must also be certified by the local authorities and apostilled. 
• Apostille certificate of activity and Articles of Association
• Apostille signature circular of the business with authorized representatives of the business