1. SET UP A LIMITEDLIABILITY COMPANY INTURKEYA presentation brought to youby BridgeWest.eu

2. What is a LTD? The LTD or limited liability company represents thesimplest type of firm you can open in Turkey. The LTD is chosen by foreign entrepreneurs who runsmall to medium businesses and wantto register easily a company. 3. What you should know beforeregistering a LTD? Before incorporating a limited liability company inTurkey you should know the following aspects:> details about the registration procedure;> the costs for LTD registration;> the documents necessary to be submitted to theTurkish authorities. 4. What is the minimum capitalshare required? The minimum capital share required for opening aLTD in Turkey is TRY 10,000. A quarter of this amount must be paid before theregistration of the company. 5. The new Turkish Commercial Code The new Turkish Commercial Code specifies thatfor incorporation of a limited liability company it isnecessary at least one shareholder. In the past, it was mandatory for a LTD to have atleast two shareholders. 6. The new Turkish Commercial Code Other changes of the legislation are related to theboard of directors. Now the board of directors of a limited liabilitycompany in Turkey can be formed of at least oneperson instead of three persons, as it was in thepast. 7. The new Turkish Commercial Code The board members of a limited liability company inTurkey don't have to be shareholders too anymore. They can be any individual appointed for hisprofessional qualities. 8. The new Turkish Commercial Code The new legislation related to company formation isbusiness-friendly and attracts investors from all overthe world. The bureaucratic formalities have been simplified inorder for the foreign investors to start doing business inthis country. 9. Registration at the localTrade Register A limited liability company in Turkey must beregistered at the local Trade Register.After this procedure is accomplished, the investor canbegin his activity. Any nationality can establish a company inTurkey and there are no limitations related tonationality or residence. 10. Registration at the localTrade Register Every local or foreign investor must submit a fewdocuments to the Trade Register and wait at least oneweek until the procedure is attained.For assistance during the incorporation procedure oflimited liability companies, you can ask our lawyers inTurkey. 11. Thank you for yourattention!Please contact us for more information at:(+44)203-287 0408office@bridgewest.euhttp://www.companyformationturkey.com