TYPES OF COMPANIES
The different types of company are recognized under the Turkish Commercial code No. 6102, as it guides and regulates legal entities in Turkey. These forms include:
- Limited Liability Companies (Limited Sirket – LTD)
- Joint Stock Companies (Anonim Sirket – AS)
- Collective Companies (Kollektif Sirket)
- Cooperative Companies (Kooperatif Sirket)
- Commandite Companies (Komandit Sirket)
In Turkey, the most well known company structures are the LTD (LLC) and Joint Stock Companies (AS). it is important to note that foreign companies have the option of creating subsidiaries or branch offices.
ADVANTAGES OF REGISTRATING A COMPANY IN TURKEY
Below are some of the advantages of registering a company in Turkey, they include:
- A strategic hub of commerce between Asia and Europe;
- Geo-politically strategic location;
- Stable economy and well developed banking system;
- Energetic and competitive workforce;
- Government subsidies and Free Trade zone benefits;
- Hugely demanding domestic market;
- Integrated regulations with the European Union;
- Easier access to both African and Middle East markets.