Branch
Companies based abroad whose capital is divided into shares can open branches in Turkey. Opening a Branch requires prior approval from the Ministry of Commerce and Industry.
| Governing Law: | Turkish Commercial Code |
| Legal Status: | Limited Liable Turkish Entity |
| Incorporation: | Trade Registry Office |
| Founding Shareholders: | None/Foreign Legal Entity |
| Founders Nationality: | Free |
| Capital Requirement: | None* |
| Shareholder Liability: | Unlimited |
| Dividends: | None |
| Issuing Stocks: | Not allowed |
| Management: | Legal Represantative |
| Governance: | None |
| Transfer Of Shares: | None |
| Taxation Liabilities: | Tax resident, limited liability. Corporation Tax at %22 |
| Dividend Withholding Tax: | 15 % on dividends distributed to individual and foreign corporate shareholders (not applicable to resident entities) dividend withholding tax Depends on the double taxation agreement between Turkey and shareholder company’s country. |
| Taxes: | Salary withholding tax(monthly or three monthly)
Value added tax(monthly) Stamp tax Social security premiums (monthly) |
This publication has been prepared for informational purposes only. None of information contained in this publication shall constitute legal, tax, accounting advice.