Business setup in Turkmenistan
Turkmenistan offers a promising environment for entrepreneurs looking to establish a strategic presence in Central Asia. With its advantageous location and business-friendly atmosphere, Turkmenistan presents various prospects for enterprises of every size. This Central Asian treasure has a lot to offer individuals who are contemplating starting a small, medium, or large-scale business.
Benefits of business setup in Turkmenistan
Turkmenistan offers a number of appealing advantages that set it apart from other Central Asian countries in terms of choosing a location for corporate operations. Key benefits include:
Business landscape
For companies looking for opportunities in a resource-rich environment, Turkmenistan provides energy resources and possibilities in the energy sector and infrastructure development. With its extensive natural gas reserves, strategic position in Central Asia, and government efforts to encourage investment and growth, Turkmenistan offers several benefits for businesses aiming to access its thriving market.
Taxes
Turkmenistan's corporate income tax rate is 20%, and it aims to draw foreign investment in energy and infrastructure. Its position in Central Asia offers opportunities for businesses in different sectors.
Banking
The developing banking industry in Turkmenistan provides stability and investment opportunities, offering a secure platform for individuals in need of banking and financial services in a growing economy.
Our business setup solutions
We offer a wide variety of services to help you establish your business in Turkmenistan.
Bookkeeping
We provide reliable and transparent accounting services that are customized to meet your specific needs, including daily recording of transactions and preparation of financial statements.
Bank account opening
Our team guides you through the criteria and helps you choose a financial institution that aligns with the objectives of your business.
Taxation and compliance
The tax specialists are well-versed in tax legislation and can offer strategic tax planning and compliance services. We guarantee that your company fulfills its tax responsibilities while maximizing tax efficiency to reduce obligations.
Document drafting
We provide extensive assistance to fulfill your legal needs, ranging from creating legal documents like articles of association and shareholder agreements to setting up your corporate address.
Company registration
Our team of professionals will assist you in registering your company in Turkmenistan. We will take care of all the required documentation and work closely with the appropriate authorities to ensure a smooth and efficient registration process. Whether you are launching a new business or expanding an existing one, we offer personalized support to simplify the registration process and help you get your company off the ground promptly. From selecting the appropriate business structure to acquiring essential licenses and permits, our goal is to guide you through the intricacies of company registration effortlessly.
Business license applications
We are able to manage the entire process for you, making sure that all required permits and licenses are obtained efficiently and in accordance with local regulations.
Business opportunities in Turkmenistan
Turkmenistan provides numerous business opportunities in various sectors, with key industries that are flourishing in the country including:
Energy
Turkmenistan has abundant natural gas reserves and plays a key role in the global energy market. The country's economy heavily relies on its energy sector, offering investment prospects in the exploration, production, and export of natural gas resources.
Manufacturing
Turkmenistan's manufacturing industry is expanding, particularly in textiles, food processing, and construction materials. The country's skilled labor force, strong industrial infrastructure, and government incentives are attracting investment in manufacturing and production.
Construction
The construction sector in Turkmenistan is expanding due to infrastructure projects, residential developments, and commercial construction. The country's favorable location, governmental backing, and investment benefits provide prospects for construction firms and developers.
Agriculture
Turkmenistan's economy relies heavily on agriculture, utilizing its fertile land and irrigation systems for crop cultivation and livestock farming. The agricultural sector in the country is responsible for producing grains, cotton, fruits, and vegetables, which are essential for both domestic consumption and export markets.
Setting up a new business
Starting a fresh company in a foreign market such as Turkmenistan may seem both thrilling and overwhelming. Nevertheless, with proper help and assistance, navigating the challenges of starting a new business can be made easier.
We understand the difficulties that arise when beginning a new business, and we are committed to supporting you throughout the entire process. Whether you have experience in entrepreneurship or are starting your first business, our team of professionals is focused on offering personalized solutions to suit your individual requirements.
Establishing a small business
Our dedicated team of experts is available to assist you with legal and administrative tasks including compliance, taxation, and company registration. We understand the challenges faced by small businesses and can provide tailored solutions to help you establish a solid foundation for future growth.
Medium-sized business setup
We offer a full range of services including setting up new businesses, managing finances, and providing tax advice, all to make sure our clients are following the rules. Our goal is to help businesses run smoothly and expand, so they can concentrate on growth without getting bogged down in paperwork.
Large business setup
The team of skilled experts offers complete assistance, from setting up a company and registering a legal address to planning taxes strategically and handling corporate banking. We recognize the specific requirements of big businesses and can provide customized solutions to help you enter and expand in the market.
Contact us
With our wide array of services in corporate setup, we provide the assistance and guidance needed for you to effectively overcome the obstacles of launching and growing your business in Turkmenistan. Contact us promptly to schedule a consultation and learn more about how we can assist you in achieving your corporate goals.
Ready for the next step
Accelerate your business growth while we take care of everything else.