Turkey is strategically located between Europe, the Middle East and Central Asia and offers significant opportunities for foreign investors.
There are several types of company in Turkey; Joint Stock Companies, Limited Liability Companies, Collective Companies, Partnerships Limited by Shares and Cooperative Associations. The difference between these companies concerns the allocation of liability and the legal form of the entity. The most commonly used company for international business companies is the Limited Liability Company.
Key benefits of Turkey:
- Turkey is ranked as the 15th most attractive destination for foreign direct investment (FDI) in the world (UNCTAD World Investment Prospects Survey, 2008-2010)
- Customs union with the EU
- Large high quality, cost-effective labour force.
- Flexible exchange rate and liberal import regulations
- Turkey has a large number of double taxation agreements and tax incentives
- Turkey has a large consumer base with substantial purchasing power
Establishing a company branch or subsidiary in Turkey
Foreign Companies can open branches in Turkey and the removal of pre-setup approval by the Turkish Authorities has made it easier to open a Turkish Branch of a Foreign Company. The establishment of a branch office in Turkey is subject to the approval from the Ministry of Commerce and Industry.
Legally a branch office is considered the same as a Limited or Joint Stock Company in Turkey. The only difference is that Branch Offices are bound to the mother company and there are more procedures required to establish the branch office.
Cyprus vs Malta: Tax & Investment Considerations
Malta and Cyprus undeniably have the most favourable citizenship by investment programmes in Europe. Many individuals are using such schemes as a means of significant wealth protection and gaining dual nationality; while smaller economies within the EU receive financial compensation for the privilege.
How the Cyprus Passport Scheme is Really Affecting Banks & the Economy
When Cyprus’ fiscal and banking crisis culminated in the March 2013 bailout agreement, President Anastasiades’ government decided to help the economy return to growth as early as possible by giving the construction sector a boost throughout 2014; avoiding unemployment rates sky rocketing to an all-time high of 20%. This also included a number of supply and demand boosting measures to the Cyprus property market.
European Commission Under Pressure to Crack Down on Golden Visa Schemes
Berlin-based non-governmental organisation Transparency International are putting pressure on the European Commission to create plans to allow for reporting and full disclosure of all passport schemes of member states that allow foreign investors to acquire either EU citizenship or residence permit.
Demand Generation Marketing for Medium-Large Companies: 100 - 1000 Clients
Demand Generation marketing efforts refer to the various marketing approaches companies of different sizes and stages of commerce need in order to drive attention, interest and retain clients. Essentially what turns a start-up to a sustainable large business that may have even have grown internationally.
Demand Generation Marketing for Small-Medium Businesses: 10 – 100 Clients
Demand Generation marketing efforts refer to the various marketing approaches companies of different sizes and stages of commerce need in order to drive attention and interest in products & services, to acquire clients. Essentially what turns a good idea into a sustainable business.
Demand Generation Marketing for New Businesses: 0 - 10 Clients
Demand Generation marketing efforts refer to the various marketing methods companies of different sizes and stages of commerce require in order to drive attention and interest in products & services, to acquire clients, essentially what turns a solid proposal into a sustainable business.
The Investigation of a Cyprus Company's Affairs: Application of the Law & Effectiveness
At the request of a Cyprus company’s Shareholder, where it is proven that a more comprehensive investigation is required regarding a company’s activities, the court can issue a declaration of investigation by an inspector appointed by the Cyprus Council of Ministers. The discretion of the court must be applied carefully; as such an order can heavily impact a company and depending on the outcome of the investigation, can be a severe measure that deviates from fundamental principles of Cyprus company law.
UK: The Current Problems with Money Laundering & the Violation of Anti-Money Laundering Regimes
The fact that money can be transferred from one jurisdiction to another means, that money laundering as a concept involves the entire modern world. Money laundering is a process during which the origin and purpose of payments are hidden and typically has three stages.