What You Need to Know About Company Formation in Turkey

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Company formation is the process of setting up a separate legal entity that can conduct business in its own name. The company’s sole purpose is to conduct business and make profits, so a person or group of people may set up a company to generate income. This form of business entity, known as a limited liability company in Turkeys, is more commonly known as a company in many countries, including Turkey.

It is important to remember that when you form a company in Turkey, you will need to fulfill all of the company formation requirements. Some of these requirements are mandatory, while others are optional.

One of the most important things to consider before company formation in Turkey is choosing the right type of company. There are many different types of companies available and selecting the appropriate one could determine whether your business runs smoothly or not. It can be difficult to know which type of company is best for you. In order to select the best type of company for your needs, you will first need to know what your goals for the company are. For example, if you are starting a business that will sell services online, a sole proprietorship might be the best option. However, if you are starting a business that will sell goods on the Internet, then a limited liability company would be a better choice. 

It is recommended that you speak with a lawyer who specializes in company formation in Turkey before you decide on a company-type. Once you have chosen a company type, you will need to select the name of the company. This process is fairly straightforward, but it is important to remember that when you register a company in Turkey, you will also need to ensure that the company has a unique name.

In many cases, you can use the company name that you want and avoid paying a fee. However, in some cases, the company name you want may already be registered by another business. You will need to check this before you apply for company formation in Turkey. If this is the case, you will be required to pay a fee to the company that is currently using that name. Another thing to consider when selecting a name for your company is ensuring that it complies with the Turkish Trademark Law. The Turkish Trademark Law prohibits the registration of certain names because they can be confused with other businesses or products.