Start a business in Turkmenistan
Turkmenistan is recognized for its favorable economic environment and supportive setting for business owners, presenting numerous opportunities to bring your ideas to life. Our organization is dedicated to supporting you at every step, offering expert guidance and assistance to ensure a seamless and successful start for your business.
Steps and solutions
Our systematic strategy simplifies the process of starting a business in Turkmenistan. Our team provides tailored solutions that accelerate the journey to success, from selecting the appropriate corporate structure to providing comprehensive support with registration, licensing, banking, and additional requirements.
Determine business activities
In the journey of starting a business, a key step is identifying its business activities. This involves outlining the main functions, services, or products that the company plans to provide or participate in. A precise description of these activities is vital not only for meeting legal requirements but also for creating a distinct identity for the business. We offer support in launching businesses across various industries, including but not limited to:
- Aviation
- Bank
- Blockchain
- Business support
- Cars and vehicles
- Construction
- Consulting
- Distribution
- DIY retail
- Education
- Electronics retail
- Energy
- Farming
- Finance
- Fitness
- Food and beverage retail
- Freight and package transportation
- Healthcare
- Hotels and motels
- Information technology
- Laboratory
- Logistics
- Manufacturing
- Marketing
- Media
- Minerals
- Printing
- Publishing
- Real-estate
- Restaurant
- Tourism and travel
Choosing the right legal entity type
Choosing the appropriate legal entity structure is the first step in starting your business. There are several options to consider, such as Individual enterprise (ÝK), Joint Venture (BK), Branch Office, and Holding Company in Turkmenistan. Each type of legal entity has specific consequences related to liability, tax responsibilities, and flexibility in operations. It is essential to seek legal advice and perform comprehensive research to identify the best structure that aligns with your business objectives.
Conducting thorough market research
The experts will assist you in conducting comprehensive market research and provide invaluable insights regarding consumer preferences, market trends, and competitive analysis. With this knowledge in hand, you can create a strong business plan and develop a strategic presence in the industry.
Setup legal address
The knowledgeable team will guide you through the licensing criteria, clarify the necessary permits, and assist you with the application procedure. We will ensure that you secure all the required licenses.
Applying for required licenses
The knowledgeable team will guide you through the licensing requirements, clarify the necessary permits, and assist you with the application procedure. We will ensure that you acquire all the essential licenses.
Opening a business bank account
The team will assist you in selecting a reliable bank and will accompany you in the process of setting up an account. We will guide you through the necessary paperwork, manage communication with the bank for you, and ensure that your corporate account is tailored to fit your specific needs.
Registering your business
The experienced team will assist you with every aspect of the registration process, including the preparation and submission of required documents. We will streamline the registration process to help you save time and effort, allowing you to focus on growing your business.
Setting up accounting
The experts will assist you in setting up effective accounting systems and procedures, making sure you keep accurate financial records and comply with accounting standards. We will provide support in managing your corporate finances efficiently, covering everything from bookkeeping to the preparation of financial statements.
Business landscape in Turkmenistan
Turkmenistan provides energy resources and opportunities in the energy sector and infrastructure development for businesses looking for prospects in a resource-abundant setting. Thanks to its extensive natural gas reserves, advantageous position in Central Asia, and government efforts to encourage investment and growth, Turkmenistan offers many benefits for companies aiming to access its vibrant market.
Start a business with us
Our team is entirely ready to assist you at every stage of launching a business in Turkmenistan. When you are ready to get started, please contact us using the form below to gather more information and schedule a consultation. Let us serve as your reliable guides as you explore the unique prospects in Turkmenistan, turning your entrepreneurial goals into real achievements.