Legalixa Law Firm is a full-service Turkish Law Firm with a long record of excellence and professional leadership in Istanbul, Turkey. Our Turkish company formation lawyers are prepared to handle your Turkish company set up fast and easily. Based in Istanbul’s new Atasehir Financial District, Legalixa Law Firm is able to protect its clients’ rights throughout Turkey. We are ready to inform you of Turkish limited company setup costs.
Turkish Limited company Setup Services
Legalixa Law Firm 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. Our company formation lawyers are prepared to handle your company formation in Turkey. Our lawyers are experienced in liaison office formation, branch office formation, free trade zone company formation, joint-stock company, joint venture formation, limited liability company formation, holding company formation, and company management and governance.
We maintain an unsurpassed practice in 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 the 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 options, retirement, and other employee benefit plans.
Details for Turkish Limited Company Setup
A Turkish Limited Liability Company (LLC) needs to have an initial capitalization of 10.000.-TL (around 2,500.-USD) and 1 to 50 shareholders. A shareholder of an LLC has a partnership share calculated in accordance with the nominal value of capital subscribed to. In certain cases, the total share of each shareholder is regarded as one equity share, regardless of nominal value. Transfer of shares is subject to major restrictions in an LLC (such as approval by other shareholders representing 75% of the capital) and may be altogether restricted.
Subject to the conditions prescribed in the Turkish Commercial Code and any conditions provided for in the Articles, it is possible to expel a shareholder, and a shareholder may also request from a court the dissolution of an LLC subject to certain conditions. As shares of an LLC is not represented by share certificates, share transfers are effected through registration of an executed and notarized sale and purchase agreement with the competent trade registry together with a shareholders’ decision approving such share transfer.
Services for Limited Liability Company Setup in Turkey
Although liability of the shareholders is limited to the amount of share capital owned in the company, and the shareholders are not personally liable for any debt or other liability of the company, shareholders of an LLC may be held liable for the public debts of the company, such as tax liabilities. Despite the restriction on the companies for acquiring their own shares, if an LLC ends up acquiring the shares of one of its shareholders against its receivables, then the shareholders are jointly liable for the payment of the unpaid portion of the newly acquired shares by the company.
We maintain an unsurpassed practice of counseling and represent large and small companies and boards of directors regarding LLC formation and governance matters. We advise our clients on all matters concerning the formation of new entities from corporate formalities to tax issues.
We regularly advise clients with respect to the formation of companies. 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 and branch 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 companies with their own internal compliance teams. For each of our clients, we tailor our approach to that client’s unique requirements.
Costs to Register a Limited Company with One Partner is:
FEES AND EXPENSES
|Attorney fee for the registration of a new company||1,150|
|Opening a bank account||250|
|Tax Office registration||250|
|Accounting fees per month||200|
|Company address per month||50|
|Official company registration expenses (Notary expenses for Articles of Association and all other documents)||600|
Please notice that all the above fees and expenses are included in our prices.
We Need Below documents to Setup a Limited Company;
From Real Persons;
- 2 Translated and notarized passport copies
- 2 Passport photos
- Power of Attorney to us for incorporating the company from each shareholder.
From a Legal Entity, if One of the Partners is a Company;
- The foreign shareholder company’s “Certificate of Good Standing” from the Registrar of Companies. This certificate should contain information about the current active status of the company and its signature executives.
- The foreign shareholder company’s “Articles of Incorporation”
- The foreign shareholder company must get a resolution for incorporating a company in Turkey.
- If the foreign shareholder company will be appointed as a company director in Turkey, it must appoint a real person to do this task. We need signature samples from this person and he must also accept this appointment. We must get his/her passport translated and notarized and we will get a Turkish tax id number.
- Power of Attorney for establishing the company.
- The above-mentioned documents shall be notarized and apostilled.
Additionally, we also provide company address services for foreign companies and our rates are very moderate.
Reach us for Turkish Limited Company Setup Costs
Since its foundation, Legalixa Law Firm has been the choice of numerous clients in Turkey. We’ve always worked differently than other law firms. We are committed to remaining forward-thinking and preparing for the dynamically changing world of business law. You may reach our law firm for Turkish limited company setup costs by sending an email or through Contact page.