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Turkey to simplify registration system of companies - PM

Business Materials 28 March 2018 15:29 (UTC +04:00)

Baku, Azerbaijan, March 28

By Rufiz Hafizoglu – Trend:

Turkey will simplify the registration system of companies, Turkish Prime Minister Binali Yildirim said, Turkish media reported March 28.

He said that if earlier people willing to register a company had to pass several procedures, including a notary office, now these operations will be carried out in the “single window” mode.

The prime minister noted that it will also be possible to register companies through the E-Government portal.

“If before, it was necessary to pay 1,900 Turkish liras when registering a new company, today this amount has decreased to 650 Turkish liras,” Yildirim said.

In 2017, 58,422 companies with foreign capital were registered in Turkey. In 2017, the number of registered German companies was 428, Syrian - 256, Iranian - 231 and Russian - 146.

(3.9829 liras = $1 on March 28)

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