Establishing a Branch Office in Turkey

Branch Office

*No shareholder.

*Not an independent legal entity.

*It's duration is limited to the duration of the parent company.

*No capital requirement, however, it would be wise to allocate a budget for the operations of a branch office.

*A branch office may be incorporated only for the same purposes as those of the parent company. *Repatriation of branch profit is allowed.

*The branch profit transferred to the headquarters is subject to dividend withholding tax at a rate of 15 percent, which may be reduced by Double Taxation Prevention Treaties.

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Branch office in Turkey

Getting registered at the Trade Registry Office

An application with the necessary documents must be submitted to the relevant Trade Registry Office for the registration of a branch. It should be noted that all the necessary documents that will be issued and executed outside Turkey must be notarized and apostilled or alternatively ratified by the Turkish consulate where they are issued. The original executed, notarized, and apostilled documents must be officially translated and notarized by a Turkish notary.

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