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Medium business setup in Turkmenistan

Turkmenistan, situated in Central Asia, has become an attractive destination for entrepreneurs aiming to start and grow their businesses. The country offers a favorable business environment, including abundant energy resources and prospects in the energy sector and infrastructure development, making it appealing for companies seeking opportunities in a resource-rich setting.

Formalities and procedures for medium business setup

Starting a medium-sized business involves going through different requirements and procedures. Our goal is to make this process easier for you by providing customized solutions for each stage, allowing you to concentrate on running your business. Below is a summary of the essential steps and the services we offer for establishing a medium-sized business in Turkmenistan.

Company name reservation

Select an engaging and unique name for your company. We will help you with a comprehensive search and reservation process for the name, guaranteeing that your business is distinctive and compliant with all legal regulations.

Legal entity selection

Selecting the appropriate legal structure is essential for your medium-sized business. To help you make an informed decision tailored to your specific requirements and future objectives, we provide expert guidance on Individual enterprise (N/A), Joint Venture (N/A), Branch Office, Holding Company.

Get the necessary paperwork ready

Our skilled team helps you create precise and detailed documentation that is specific to your company’s structure and goals. We guarantee adherence to all legal regulations and take care of submitting the paperwork for you.

Bank account opening

In Turkmenistan, establishing a corporate entity requires meeting certain capital requirements. We will assist you in navigating this process, ensuring adherence to regulations and helping you open a bank account with a respected financial institution in Turkmenistan.

Company registration

We handle the registration process with authorities like the Turkmenistan Trade and Companies Register and tax authorities, relieving you of the administrative burden. This guarantees that your business is legally recognized and compliant right from the start.

Medium business examples

Medium businesses operate in different industries and sectors, each having its own specific needs. Here are a few examples of medium businesses and the types of legal entities that are typically appropriate for them, as well as our tailored solutions.

  • Consulting: Mid-sized consulting firms with a regional or focused national presence
  • Distribution: Regional distributors, wholesalers
  • Electronics retail: Regional chains or e-commerce focused stores
  • Finance: Regional banks or financial institutions
  • Healthcare: Specialist clinics, mid-sized medical practices
  • Information technology: IT consultancies with a specific focus, software development firms
  • Logistics: Companies with moderate fleets and regional hubs
  • Manufacturing: Smaller-scale factories with specialized production
  • Publishing: Mid-sized publishing houses, specialized presses

Benefits of establishing a medium business

There are many benefits to starting a medium-sized business in Turkmenistan, which make the country an attractive choice for corporations. Our services are designed to support your growth and success, and we are committed to helping you make the most of these benefits.

Our solutions: business formation made easy

We recognize that your time and resources are precious, which is why we provide two convenient options to simplify the process of forming a corporation.

Business formation online

You can start and oversee the entire process of forming a company via the Turkmenistan online platform. Our digital tools make the process smooth and convenient, allowing you to save time and effort from name reservation to document submission.

Business formation remotely

Engage professionals to oversee every step of the remote company formation process, including tasks after registration, document drafting, and registration procedures.

Contact us today

Embark on your entrepreneurial journey in Turkmenistan with our comprehensive support packages. We ensure a smooth and efficient start to your medium-sized business by providing expert guidance and assistance throughout the entire formation process. Contact us today to discuss your specific needs and discover how we can help you achieve your business goals in Turkmenistan.

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