Companixa™ Turkish Company Center offers clients a customer-focused and cost-effective Branch Office Establishment in Turkey. Companixa™ prides itself on our attentive and personal approach to every client. We work closely with our clients to discover and implement the customized legal solutions that best meet their needs. Companixa™ handles commercial transactions and disputes with the same dedication and intensity whether our client is a Fortune 500 company or a privately held small business.

Our Turkish company formation team is prepared to handle your company formation in Turkey. Our lawyers are experienced in liaison office formationbranch office formationfree trade zone company formationjoint stock companyjoint venture formationlimited liability company formation, Turkish Liaison Office Formation, holding company formation, and company management and governance in Istanbul, Turkey.

Branch Office Establishment in Turkey

Branch Office Establishment in Turkey

Branch offices have autonomous capital and accounting to carry out commercial transactions with third parties, although they are closely associated with the parent company in respect of internal management. This means that rights, debts, profits and losses of the branch offices are assumed by the parent company. A branch office can only engage in activities of its parent company. It cannot provide goods and services or engage in any commercial activities that are not specified in the parent company’s articles of association.

Although there is no legal capital requirement for branch offices, it is required that the incorporating company maintains a capital sufficient to run the branch office in practice. A branch office shall use the same corporate name as that of the parent company by indicating that it is a branch office and also contain the location of the head office and the branch office. A fully authorized commercial representative (branch office manager) residing in Turkey needs to be appointed in order to run day-to-day business of the branch office.

Branch Office Establishment Roadmap

We do perform Branch Office Establishment in Turkey and other company governance services for foreign companies. We have extensive experience on limited liability and joint stock companies, liaison office, free zone companies and branch office formation and governance in Turkey.

Moreover, we have established several companies for our foreigner clients from including Spain, UAE, Ukraine, Russia, UK, Morocco, Lebanon, Syria, S. Korea, UK, Germany, Italy, Jordan, Vietnam, Poland, France, Pakistan, China, Hong Kong, USA, Malaysia, Iran, Portugal, Norway, Canada, Saudi Arabia, Iraq, and Kuwait.

Turkish Branch Office of a Non-Turkish Company Branch offices have autonomous capital and accounting to carry out commercial transactions with third parties, although they are closely associated with the parent company in respect of internal management. This means that rights, debts, profits and losses of the branch offices are assumed by the parent company.

A branch office can only engage in activities of its parent company. It cannot provide goods and services or engage in any commercial activities that are not specified in the parent company’s articles of association. Although there is no legal capital requirement for branch offices, it is required that the incorporating company maintains a capital sufficient to run the branch office in practice.

A branch office shall use the same corporate name as that of the parent company by indicating that it is a branch office and also contain the location of the head office and the branch office. A fully authorized commercial representative (branch office manager) residing in Turkey needs to be appointed in order to run day-to-day business of the branch office. If the manager is Turkish it will be easier, if he is a foreigner, we must obtain residency for him at first.

We need below information and documents for a branch office establishment

  1. Mother Company’s current registration details (current status documents showing the registration and current legal status of the company= Good Standing document) and Mother Company’s Articles of Incorporation (These documents which should either be apostilled or certified by Turkish consulates in the country where the company is registered. All of the approved documents should be notarized and translated into Turkish).
  2. The Company’s resolution to open a branch (an original and two copies of these documents which should either be apostilled or certified by Turkish consulates in the country where the company is registered. All of the approved documents should be notarized and translated into Turkish).
  3. A statement including below details signed by authorized persons of the mother company

Mother Company’s:

  • Title
  • Company type
  • Field of activity
  • Capital amount and type
  • Establishment date
  • Registration number
  • Under which law it is being governed
  • Whether if it is EU member
  • Internet site

Branch Office’s

  • Title
  • Capital
  • Director’s name, last name, id number, home address
  • Branch address

(These documents which should either be apostilled or certified by Turkish consulates in the country where the company is registered. All of the approved documents should be notarized and translated into Turkish). 3 copies of Turkish translation.

  1. Power of Attorney given to the director (We will provide the text)(These documents which should either be apostilled or certified by Turkish consulates in the country where the company is registered. All of the approved documents should be notarized and translated into Turkish). 3 copies of Turkish translation.
  1. Signature statement of company director (We will get it done here)
  2. Passport copy of a foreign director. There must be one Turkish resident director. If there is resident foreigner then his/her residency document
  3. Showing required documents to set up a branch in Mother Company’s home country. This document must be obtained from an authorized body of government.(These documents which should either be apostilled or certified by Turkish consulates in the country where the company is registered. All of the approved documents should be notarized and translated into Turkish)
  1. All required documents to set up a branch in Mother Company’s home country.
  2. If it is needed a permission or appropriate opinion letter for the branches that are subject to the permission or appropriate opinion of the Ministry or other official institutions. (We will apply if it is necessary)
  3. 3 photos of directors

Expenses for Branch Office Establishment

 

FEES AND EXPENSES

 

USD

Attorney fee for registration of a branch office2,450
Opening a bank account250
Tax office registration250
Accounting fees per month200
Company address per month100
Official company registration expenses (Notary expenses for Articles of Association and all other documents)1,500

We also provide company address services for foreign companies and our rates are very moderate.

Turkish Company Establishment Procedures

Turkish Company Formation

Companixa™ has one of the preeminent company formation and governance practices in Turkey, drawing upon the expertise of our corporate, securities, governance, litigation, and compensation specialists to provide our clients with the information and analysis needed to respond to a rapidly changing regulatory environment.

We maintain a unsurpassed practice counseling and representing large and small companies and boards of directors regarding entity formation and corporate governance matters. We advise our clients on all matters concerning formation of new entities from corporate formalities to tax issues.

Our services with respect to company formation include advising and drafting documents in connection with the formation of corporations, limited liability companies, and Turkish liaison offices. We provide targeted advice with respect to both the choice of entity and Turkish laws under the entity is to be organized. Our clients range from small private companies with no internal legal staff to large public companies with their own internal compliance teams. For each of our clients we tailor our approach to that client’s unique requirements.

In many circumstances, advice concerning entities relates to larger, more complex transactions, including joint ventures among owners and developers of intellectual property, capital equipment manufacturers and those deploying that equipment, owners and developers of real property or energy interests and developing businesses and those providing capital to them. In all of those situations our attorneys’ ability to call upon the resources of the Firm’s other practice areas is of value to clients. In conjunction with our employee benefits, labor and tax attorneys, we assist clients with employment agreements, stock option, retirement and other employee benefit plans.

Reach us for Branch Office Establishment in Turkey

Since its foundation in 1992, Companixa™ performs company formation in Turkey and provide other company governance services for foreign companies. We have extensive experience on limited liability and joint stock companies, joint ventures, liaison office, and branch office formation and governance in Turkey.We are committed to remaining forward-thinking and preparing for the dynamically changing world of business law. You may reach our experts for Branch Office Establishment in Turkey by sending an email or through Contact page.