Business formation in Turkmenistan
If you are a business owner looking to grow your company or a hopeful startup founder searching for new possibilities, Turkmenistan is the perfect destination. Positioned strategically and with great potential for business expansion, Turkmenistan offers tailored business formation solutions to help you seamlessly enter the thriving business environment of the country.
The procedure of business formation
For everything related to official procedures and protocols, our extensive services address every aspect of establishing a business. From the initial creation to handling all legal documentation, we take care of the entire process, enabling you to concentrate on your primary business goals. Our team is available to help you with:
1
Choosing the right business structure
We understand the importance of selecting the most appropriate legal structure for your business. Whether you are considering incorporation, partnership, or sole proprietorship, our experts provide personalized guidance to help you achieve your goals.
2
Drafting legal documentation
Our experienced team creates all the necessary legal paperwork, including shareholder agreements, articles of association, and employment contracts, that are customized to fit the unique requirements of your company.
3
Bank account opening
Establish a business bank account in the country for handling financial transactions, receiving payments, and making payments.
4
Registering with authorities
Utilize our professionals to guide you through the bureaucratic process, addressing all essential registrations such as tax authorities, social security, and trade registers, to ensure adherence to Turkmenistan's legal regulations.
Timeline for business formation: setting expectations
The length of time it takes to establish a company in the country depends on the type of business entity selected. Typically, it takes around 2-4 weeks to finish all the necessary procedures and set up a company.
Types of legal business structures in Turkmenistan
We are experts in helping to establish different types of companies, guaranteeing that your business structure integrates perfectly with your goals.
Individual enterprise (Ýekebara Kärhana)
Single individuals operate individual enterprises, which are typically small in size and are not viewed as distinct legal entities from their owners.
Joint Venture (Bilelikdäki Kärhana)
In Turkmenistan, joint ventures entail multiple parties collaborating to carry out a particular business project or activity. Each party provides resources and partakes in both the risks and benefits of the venture.
Branch Office
A branch office serves as a continuation of the main company, enabling it to operate in a new area without losing its original legal status. Setting up a branch office in Turkmenistan can be beneficial for companies wishing to grow their business in the country without forming a separate legal entity. By functioning as a branch, the main company can make use of its established brand image and resources while entering new markets. We provide extensive assistance in navigating the complexities of establishing and running a branch office in Turkmenistan, guaranteeing a seamless and compliant entry into the market.
Holding Company
In Turkmenistan, creating a holding company is often done to have control over other companies by owning their shares. It can provide advantages like centralized management, spreading out risk, and tax benefits. By setting up your business as a holding company, you can effectively oversee multiple subsidiaries, simplify decision-making, and enhance tax planning. Our experienced team offers personalized support to aid in establishing and running a holding company in Turkmenistan, guaranteeing adherence to regulations and optimizing your corporate structure's capabilities.
Our business formation solutions
We provide two convenient choices for establishing a business, accommodating your needs and making the process of entering the Turkmenistan business market seamless:
Business formation online
Start the process of establishing your business online smoothly, no matter where you are or what time it is. Our team is committed to helping you at every stage, offering individualized support to match your requirements. With electronic tools and a user-friendly interface, we make submitting documents and monitoring progress hassle-free. Allow us to streamline the process of setting up your company, providing expert assistance as you create your business in just a few clicks.
Business formation remotely
Leave all the paperwork and legal procedures to us. Our expert team in Turkmenistan will take care of everything, leaving you free to concentrate on your main business tasks.
Contact us
Are you prepared to start your business in Turkmenistan? Don’t face the challenges on your own. Reach out to us for professional support and customized solutions to simplify the process of setting up your business. Our team of skilled professionals is ready to assist you at every stage, guaranteeing a smooth and efficient entry into the dynamic business landscape of Turkmenistan. Let’s collaborate to turn your business aspirations into reality.
Ready for the next step
Accelerate your business growth while we take care of everything else.