Governing Law |
Turkish Commercial Code & Capital Markets Law |
Legal Status |
Independent Turkish Company |
Incorporation |
Trade Registry Office |
Registration Procedure |
Click on Registration and Documents |
Documents Required |
Click on Registration and Documents |
Purpose of Business |
Free. (Exceptions, on Regulated Sectors) |
Founding Shareholders |
At least 5 |
Founders Nationality |
Free |
Capital Requirement |
At least 50.000 YTL |
Shareholder Liability |
Limited with the share capital |
Dividends |
Allowed |
Issuing Stocks |
Allowed |
Management |
Board of min 3 members Foreigners allowed |
Governance |
General Assembly of the Shareholders Meeting |
Deposit Account |
Allowed |
Incentives |
Click on Investment Incentives |
Transfer Of Shares |
Allowed |
Foreign Currency |
Foreign Currency usage allowed |
Taxation Liabilities |
Tax resident, worldwide liability. Corporation Tax at %20 (2008)
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Dividend Withholding Tax |
10% on dividends distributed to individual and foreign corporate shareholders (not applicable to resident entities)
|
Inflation Accounting |
Applicable to revaluation of Assets and on certain Non-monetary items
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Billing
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In Turkish currency only to Turkish entities. Indexation of TL amount on the invoice to foreign currency allowed.
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