Large business setup in Turkmenistan
Starting a large company requires thorough planning and effort, as well as consideration of unique challenges and elements. We should explore the benefits of establishing a sizable business in Turkmenistan and how our tailored services can help you achieve success.
The process of setting up a large business
Creating a big company in Turkmenistan involves a similar process to starting a small or medium-sized business. But because of its size and intricacy, setting up a large business usually takes more time and resources. The steps in the process include:
Choose a business name
It is necessary for the name of the business to be original and not currently being used. You can verify the availability of a name on the Turkmenistan Trade Registry’s website.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your large company. Our expert advice on Individual enterprise (N/A), Joint Venture (N/A), Branch Office, Holding Company can assist you in making an informed decision that suits your particular needs and long-term goals.
Set up legal address
When launching a business, it is crucial to have a registered address since it acts as the primary point of contact for government entities, legal bodies, and crucial business communications. Selecting a registered address that complies with local laws and aligns with your business needs is imperative.
Get the necessary paperwork ready
Our team of professionals will assist you in developing detailed and tailored documentation that aligns with your company’s structure and objectives. We ensure compliance with all legal requirements and will manage the filing procedure on your behalf.
Open a bank account
We will help you with the process of opening a bank account, making sure the company follows the regulations and selecting a trustworthy financial institution in Turkmenistan.
Company registration
We take care of the registration process with authorities such as the Trade and Companies Register and tax authorities, taking away the administrative burden from you. This ensures that your business is legally recognized and compliant from the beginning.
Setup accounting
In order to effectively start a big business, it is crucial to keep precise financial records. Our group of accounting professionals can assist in setting up efficient accounting and bookkeeping procedures that adhere to Turkmenistan’s regulations.
Large business examples
Different types of large companies work in various industries and fields, each with its own unique requirements. Here are a few examples of large corporations:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Turkmenistan
Turkmenistan is an attractive location for establishing large businesses, as it provides numerous benefits.
Strategic location
Turkmenistan has abundant energy resources and opportunities in the energy sector and infrastructure development for companies interested in a resource-rich environment. Its large natural gas reserves, strategic location in Central Asia, and government efforts to encourage investment and growth make Turkmenistan an attractive market for businesses.
Favorable tax regime
Turkmenistan offers a flat corporate income tax rate of 20%. Efforts are being made to encourage foreign investment in areas like energy and infrastructure. The country’s prime position in Central Asia provides potential for companies across different sectors.
Banking
The developing banking sector in Turkmenistan provides stability and investment opportunities, making it a secure option for individuals looking for banking and financial services in a growing economy.
Our Large business setup solutions
We understand the value of your time and resources. This is why we offer two convenient choices to streamline the process of forming a company.
Business formation online
With the online platform offered by Turkmenistan, individuals can start and finish the business establishment process from any location worldwide. The option to track progress, submit necessary paperwork, and access our services using secure digital channels guarantees a seamless and user-friendly experience.
Business formation remotely
If you want a more hands-off approach, we are able to manage all the paperwork for you. Our team of experts will handle all the necessary formalities, fill out the needed paperwork, and communicate with the appropriate authorities on your behalf to provide you with peace of mind.
Contact us
Get in touch now to schedule a meeting and begin pursuing your business goals. Let’s embark on this journey together.