Joint Stock Company in Turkey
By Turkish legislation, a joint-stock company is a corporation with an investment split into stocks and a loan responsibility restricted to its resources. Under a registered trademark, a Joint Stock Corporation can be formed by one or more actual or statutory entities with a specified total capital.
Establishing a JSC, according to Turkish Trade Law section 269, entails many steps, including corporate registration, mandatory auditing, and dissolution. We can assist in reducing the burden associated with these processes.
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Begin your JSC initiation today with attorneys familiar with the complexities of joint-stock company patterns and can facilitate you throughout the administrative procedure. The following are some of the JSC incorporation solutions available at turkey-company.com:
- Corporate license,
- Brand name,
- Legal address,
- Registration documents,
- File for registration,
- Tax ID number,
- Bank account.
Joint Stock Company registration conditions
To register a Joint-Stock Corporation, you must first obtain a legal address and register your legal name to officials. Then a request form along with the registration fee and other documents must be submitted to the registrar’s office. The company must also establish a corporate bank account before applying for registration.
Timeline
Registering a JSC takes roughly three weeks.
Fees
The legal fees for forming a JSC in Turkey range from 1500 to 2000 USD. This fee can vary based on a number of factors. Request a quote from professionals to learn more about additional charges.
Compulsory regulation
International investors interested in forming a JSC must meet a number of conditions. The corporation should have at least one investor, either a citizen or a legal body. The baseline sum required by legislation to establish a Turkish JSC is 50,000 TRY (roughly 30,000 euros), of which at least 25% must be paid before the firm may be registered. An executive board is also required for this type of business.
Documents
The following documents must be presented to the official trade registrar’s department when the basic procedures have been completed:
- A statement of request approved by the management council or those with power to manage the firm,
- A report from the “Ministry of Customs and Trade” approving your application,
- Agreements between the corporation and its investors,
- The bank statement, which provides the name of the firm and its owners, as well as the overall and individual amounts placed,
- Proof of ID and residency,
- Articles of incorporation,
- A bank receipt proofing the payment of the registration fee.
Prepare and submit the necessary papers with the help of experienced attorneys who will gather and analyze the documents before submitting them.
Consultation about Joint Stock Company registration
Our consultation services are specifically tailored to assist you in the process of establishing your business as a Joint Stock Company in Turkey. Our experienced advisors will support you through all stages, from preparing paperwork to securing permits and registrations, to ensure a seamless and effective procedure. We offer personalized advice on legal obligations, capital investment, and organizational framework to assist you in making well-informed decisions that are in line with your business objectives.
Ownership management
Dealing with the ownership of a Joint Stock Company can be challenging yet very important. We offer services such as managing ownership changes, handling beneficial owners, and overseeing ownership transfers. We make sure that all ownership modifications are well-documented and meet the most recent regulations.
Corporate structure changes
As your business grows, your corporate structure may also need to evolve. If you require changes to directors, nominee information, or other structural adjustments, we offer all-encompassing services to help facilitate these transitions seamlessly and effectively.
Share capital management
Properly managing share capital is crucial for the financial well-being of your company. We provide assistance in boosting, decreasing, selling, and transferring share capital, guaranteeing that all procedures are executed correctly and in compliance with legal regulations.
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