How to Process Company Registration in Turkey? (1)

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How to Process Company Registration in Turkey?
Starting an independent business in a foreign
country can be overwhelming because of the
difference in registration policies and other
areas of concern than those in one's native land.
However, it is becoming easier by the day with
practical advice from several foreign consultancy
firms who assist dedicatedly in establishing a
business in an unknown country. They help with
registration methods, shareholder information,
capital enhancement, and so forth to grow the
company. For example, if one is interested
in opening a company in Turkey, one must follow
certain norms and guidelines for a successful
company formation in Turkey.
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One of the complicated processes is company
registration in Turkey. The steps involved,
however, are simple. First, a specific commercial
activity needs to be selected, with the type and
minimum capital of the company determined. After
that, the company charter needs to be drafted
with the approval of the founders. And then, the
application for registration of the company
should be made to the trade registry office,
submitting all required documents. It is how the
registration of the company will be completed in
Turkey. However, to complete the entire process
of the company establishment, one more step needs
to be followed. Before the formation, at least
one-fourth of the capital should be blocked by
the company bank account. And finally, the
establishment can be announced with absolute
affirmation.
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What sort of company can I set up? Another
important part of company registration in
Turkey is trademark registration. It is crucial
to make sure that the company trademark is
registered under the owner's name. Otherwise, it
makes the brand susceptible to dishonest abuse.
According to the relevant Turkish Code, serious
sanctions are applicable for illegitimate use of
a trademark in Turkey. It helps prevent any
utilization of the goods and services of the
brand within the scope of registration. The owner
can have the trademark usage under his authority
and lend to others if necessary according to his
own will.
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Hence, it is impossible to establish your
business venture in a foreign land, especially in
Turkey. Just following some necessary steps and
precautionary measures carefully regarding the
ownership and registration of the company should
be adequate, to begin with, your enterprise on
Turkish soil. Hopefully, this article will
provide a little idea about the do's and don'ts
of forming a company in Turkey.
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