In accordance with Turkish commercial system a foreign company registration in Turkey can be done in 3 different way as below to startup Turkey:
The foreign investors or Entrepreneur make a decision on one of 3 ways mentioned above for StartUp Turkey while protecting their needs and business plan. The below table describe the difference between liaison (representative) office and branch in Turkey:
Subject | Branch | liaison Office |
---|---|---|
Duration | Unlimited | 3 Years |
Commercial Activity | Yes | No |
Application Authority | Ministry of Commerce and Industry | Directorate General of Foreign Investment of the Undersecretariat of Treasury |
Registration Authority | Trade Registry | N/A |
Tax Registration | Yes | Yes |
Periodically Reporting Authority Obligation | No | Yes |