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LLC Free Zone Company JSC Rep Office Branch Office
Local Name Limited şirket Serbest Bölge Firması Anonim şirket Temsilcilik Şube
Company Setup Time 10 days 20 days 10 days 15 days 15 days
Bank Account Opening 10 days 10 days 10 days 10 days 10 days
Government Grants Available Yes Yes Yes No No
Government Contracts Bidding Yes Yes Yes No No
Limited Liability Yes Yes Yes No No
Client Required to Travel No No No No No
Inquiry Inquiry Inquiry Inquiry Inquiry

Corporate Structure Explained

Turkey Limited Liability Company

  • One director and one shareholder are required. There is no need for a resident secretary.
  • At least one director and one shareholder must be appointed by a Turkey LLC. There is no need for a secretary residing in Turkey.
  • It is required at least one shareholder and one director of any nationality. The minimum share capital is EUR 3,300.

Branch office

  • A Turkish branch can operate within the scope of the parent company. The branch office in Turkey is authorized to send invoices to customers in the country, to sign local sales contracts and to receive income from customers.

Representative office

  • If a foreign company does not plan to conduct direct commercial activity in Turkey, it can seek to set up a representative bureau.
  • The company can only conduct market research and participate in activities that promote the parent company’s business.

Fast Incorporations