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Establishment of a Liaison office |
Companies established in accordance
with laws of foreign countries can open liaison offices
in Turkey provided that those offices do not carry
out any commercial activities in
Turkey.
So as to open a liasion office
in Turkey, the relevant company has to apply to the
Directorate General of Foreign Investments of the
Undersecretariat of Treasury through
Address: Hazine Müstesarligi
Yabanci Sermaye Genel Müdürlügü
20. Kat Emek Ankara 06510 Turkey
Applications for establishment
and extension are to be finalized within 5 days following
the application provided that the necessary idocuments
are complete and proper.
Applications of foreign companies
to establish liaison offices so as to operate in sectors
subject to special legislation such as money and capital
markets, insurance, etc. are assessed by the relevant
regulatory and supervisory authorities.
The following documents have to
be submitted to the Directorate General for establishing
a liaison office in Turkey:
a) The original copy of “Certificate
of Activity” approved by the related
Turkish Consulate or approved in accordance with
the provisions of the Convention on the Abolishing
the Requirement of Legalization for Foreign Official
Documents Approval Obligation, prepared on the basis
of the Hague Conference on International Private
Law,
b) Operational report
or balance sheet and income statement of
the main company,
c) The original copy of power
of authority issued to the name of the
person who is appointed to carry out the operations
of the liaison office,
d) The original copy of power
of attorney in case that another person
will carry out the establishment transactions of
the liaison office.
After an establishment permit
is granted by the Directorate General of Foreign Investments,
the relevant Liaison office is supposed to register
to the local tax office and to send a copy of the
tax office registration document
to the Directorate General latest within 1 month.
| Peridically
informing the undersecreariat of Treasury |
Liaison offices are supposed to
provide the Directorate General with the followings
every year latest until end of May so as to
inform the authority about their activities of previous
years:
| Duration
of operation permits and the extensions |
Liaison offices are granted operation
permits for 3 years at most.
For extensions, successive extensions
of maximum 3 years each may be granted by taking into
consideration the activities of previous years and
plans and objectives for the future.
| Termination
of Activities |
In case a liaison office terminates
its activities, the “termination and
examination of business note” to be
received from the related tax office has to be submitted
to the Directorate General of Foreign Investments.
Liaison offices cannot claim any
money transfer except the residue arising due to termination
or liquidation.
The Undersecretariat might cancel
the permits of liaison offices in case the offices
are found to have violated the legislation.
For further details, please contact
the Directorate General of Foreign Investments through
investmentadvisoryservice@hazine.gov.tr
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