Governing Law |
Turkish Commercial Code |
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 2 |
Founders Nationality |
Free |
Capital Requirement |
At least 5.000 YTL |
Shareholder Liability |
Limited with the share capital except
for tax liabilities |
Dividends |
Allowed |
Issuing Stocks |
Not allowed |
Management |
Managing Partners, no board required |
Governance |
Partners Assembly Meeting |
Deposit Account |
Allowed |
Incentives |
Click on Incentives For Investing in Turky |
Transfer Of Shares |
Allowed |
Foreign Currency |
Foreign Currency usage allowed |
Taxation Liabilities |
Tax resident, worldwide liability. Corporation Tax at %20 (2008)
|
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
|
Billing
|
In Turkish currency only to Turkish
entities
Indexation of TL amount on the invoice to foreign currency allowed |
