Individual enterprise in Turkmenistan
The Legal Code of Turkmenistan or other legislative measures governs the activity of native individual firms and international company units in Turkmenistan. Experts will enlighten you about the state’s administrative regulations as well as the advantages and disadvantages of starting your own business here. Professionals will manage all registration processes and file the relevant company data with the proper authorities to facilitate you in registering your Ra. Accredited auditors thoroughly audit Ra’s financial statements and report them to the government.
Get started
Launch your business and other economic activities with the help of pros who will take care of all of the incorporation, organization, and installation necessities. To make your commercial encounter even more beneficial and wonderful, we offer the following registry solutions:
- Choosing and authorizing the legal name,
- Getting legal address,
- Applying for Tax ID,
- Advice on the duties of partners,
- Translating the papers in Turkmen,
- Submitting the documents,
- Opening a bank account.
Individual enterprise registration conditions
The company’s brand, operating agreements, and other necessary documents must be transcribed into Turkmen to form the Individual enterprise. Before the authorization petition file is received for clearance, the tax Identity number must be acquired.
Timeline
Setting up a Ra can take up to 15 weeks. Other requirements could take up to four weeks longer.
Fees
Once the Central Committee has approved certification, the legal charge is 8000 manats. To understand more about other expenses, get a quote from specialists.
Compulsory regulation
A Turkmen corporation must have two stockholders and one administrator, one of whom may be a non-resident of the nation. In Turkmenistan, a private enterprise’s allowed equity should be at least 25x the basic salary.
Documents
The papers that must be presented to the registrar are as follows:
- Name of the company in the Turkmen,
- Registered address,
- Profit reports,
- Details of shareholders,
- A document detailing each investor’s involvement and obligation,
- Tax ID number,
- Name of the bank and type of bank account,
- The registration application,
- A document listing business activities and mission.
All critical documents have been translated into Turkmen. Following that, the client’s company registration documents and tax registration application are forwarded to the proper authorities.
Consultation about Individual enterprise registration
The consultation services we offer for registering an Individual enterprise in Turkmenistan are aimed at assisting you through all the necessary steps of setting up your business. Our team of advisors will help you with everything from preparing the initial paperwork to obtaining the required permits and registrations, ensuring a seamless and effective process. We offer tailored advice on legal obligations, share capital, and corporate structure to support you in making informed choices that are in line with your business objectives.
Ownership management
Handling the ownership of an Individual business can be complicated yet essential. Our services consist of managing ownership adjustments, overseeing beneficial owners, and supervising ownership transfers. We guarantee that all ownership modifications are correctly recorded and adhere to the most recent regulations.
Corporate structure changes
As your company grows, your organizational structure may also need to change. Whether you require alterations to your board of directors, need to update nominee details, or are looking to make other structural modifications, we offer thorough services to ensure these transitions are conducted seamlessly and effectively.
Share capital management
Managing share capital is essential for the financial well-being of your company. We provide assistance in boosting, decreasing, disposing, and transferring share capital to guarantee that all activities are conducted accurately and in compliance with legal standards.
Ready for the next step
Accelerate your business growth while we take care of everything else.