Starting a Joint Business in Turkiye

• هلدینگ ترکیه با ما
• نوامبر 20, 2023
• BlogEN
• franchise
• 0 دیدگاه

Starting a joint business in Turkiye can be an opportunity for income generation and expanding commercial activities. However, this process requires awareness of the relevant laws and regulations.

Key Points

1.Skills and Capital: Initiating a joint business in Turkiye requires either a partner with specific skills or a substantial financial investment.

2.Number of Partners: In Turkiye, it’s possible for two or three individuals to become partners in a company. However, to obtain a Turkish work permit, each foreign individual must employ a minimum of 5 Turkish citizens.

3.Shareholders and Work Permits: To acquire a work permit, each shareholder must hold at least 20% of the company’s shares or register 40000 Turkish lira from the initial capital in their name.

4.Local Laws and Taxation: Companies in Turkiye must comply with local laws and taxation regulations. Collaborating with local legal advisors or accountants is crucial to ensure compliance.

5.Proposals to Partners: Drafting a precise business plan and offering proposals for capital return are essential to attract and retain investors and partners.

6.Technological Application: Leveraging modern technologies and implementing innovative business management strategies can contribute to success.

7.Company Registration: The steps for registering a company are critical. Ensuring that all necessary documents and regulations are adhered to is fundamental for setting up a business.

Final Note:
Starting a joint business in Turkiye is a complex process that requires thorough research, professional consultation, and knowledge of local laws. This article serves as an introduction, and for success, detailed research and expert consultation are highly recommended.

To gain further insights on initiating a joint business in Turkiye, please get in touch with the Commerce Department of the “With Us” group. Our team specializes in providing comprehensive guidance and assistance related to setting up joint ventures in Turkiye. Contacting us will provide you with in-depth information, expert advice, and personalized assistance, ensuring a smoother and informed journey towards establishing your business partnership in Turkiye.