Turkey
offers a natural
gateway to three
of the world’s
largest and
most dynamic
markets: Europe,
Asia and the
Middle East.
No wonder its
economy is booming,
up 34% over
the four years
to 2005, and
still growing
more than 5%
per annum.
REQUIREMENTS
The
minimum
share capital
for a limited
liability
company
is 4,000
US$.
At
least 25%
of the authorized
share capital
must be
paid up.
Minimum
of two share
holders
required.
Minimum
of one director
required
(may be
either Turkish
or foreigner
however
foreigners
should have
a work permit).
FEES
Company
formation,
bank account
set up and
VAT registration:
£2,253.90
ex. VAT.
TIMESCALES
3 days
to set up
the company,
bank account
and VAT
number after
preparation
and signature
of documents.
OFFICES
Virtual
office (includes
telephone,
fax and
mail forwarding
facilities):
£200 per
month payable
quarterly
in advance
plus £600
deposit
refundable
within 30
days upon
termination
of your
office contract.
A one-off
fee of £150
is applicable
in order
to set up
this service
on your
behalf.
Serviced
office:
cost as
per requirement.
ACCOUNTANCY
To
host an
English
speaking
accountant
within the
company will
cost around
2,000 US$
per month.
English
speaking
accountancy
firm in
Turkey fees
would be
between
300 US$-1,000
US$ per
month.
HOW DO I PROCEED?
In order to commence the formation procedure, we will require the following:
A
completed
application
form.
A
certified
copy of
each director/shareholders
passport.
Two
utility
bills that
are less
than three
months old.
