Turkey Country Profile business trade issues

Turkey

DOING BUSINESS

Local business incentives - Legal forms of companies - Registration and licensing procedures - Legal framework - Foreign exchange control - Regulations concerning equity investment - FDI inflows - Expertise of the political risk

Local business incentives

The Treasury is the body in charge of promoting international investments. It provides its services in order to inform foreign companies on aids to set up in Turquey.

Legal forms of companies

Form	Number of partners/shareholders	Minimum and/or maximum capital	Liability	Registration fee	Release of financial documents
Limited Sirket is a Private Limited Company.	Minimum 2 partners. Maximum 50.	TL 500 million, totally released at the incorporation	Liability is limited to the amount contributed.	About TL 200.000	No
Anonim Sirket is a Public Limited Company.	Minimum 5 partners.	Minimum TL 5 billion, totaly released at the constitution	Liability is limited to the amount contributed.	About TL 200.000	Yes, if the company is quoted on the stock exchange.

Registration and licensing procedures
Status must be drawn up in a notarized deed, approved by the Department of Industry and Trade. Deposit and registration of status must be made upon approval of the Ministry at the Trade Register where the company is located.
According to the chosen legal corporate form, the delay for all these procedures can vary from 1 to 3 months.

Foreign exchange control
Currency exchange controls have been suppressed in Turkey. Consequently, free conversion of currencies is carried out as well as the right to transfer capital and profits.

Regulations concerning equity investment
A majority holding interest in the capital of a Turkish company is legal.

Foreign Direct Investment inflows in Turkey

FDI inflows	2003	2004	2005	World rank (*) 2005
FDI inflows (USD million)	1 752	2 837	9 681	95/141

Source : UNCTAD - World Investment Report
Note : (*) World Rank = UNCTAD Inward FDI Performance Index. It is a measure of the extend to which a host country receives inward FDI relative to its economic size. It is calculated as a ratio of the country's share in global FDI inflows to its share in global GDP.

Last modified in 2006 - ongoing update