Joint Venture in Turkmenistan
A joint venture is a corporate structure formed by two or more partners that have equal administration, profits, liabilities, and combined control. Decide on whether you want to establish a closed Joint-Venture or open Joint-venture after understanding the regulatory requirements and pros/cons of both from our consultants. To assist you in selecting your sB, professionals will also oversee all registration processes and file all necessary business data with the appropriate authorities. The Joint Venture’s financial statements are manually audited and submitted to the government by registered auditors.
Get started
Begin your trading and other commercial operations with the assistance of professionals who will handle all record-keeping, formation, and setup requirements for you. We provide the following filing services to make your corporate experience even more worthwhile and incredible:
- Deciding on the name of the company,
- Obtaining legal address,
- Tax ID authorization,
- Consultation on the liabilities of partners,
- Translating the documents in Turkmen,
- Submitting the documents,
- Opening a bank account.
Joint Venture registration conditions
To register the joint venture, the company’s name, business terms, and all other essential papers must be translated into Turkmen. The tax ID number must also be obtained before the filing request form is sent for authorization.
Timeline
It can take up to 15 weeks to set up an sB. Other formalities may take additional four weeks.
Fees
The official fee is 8000 manats and is payable once the State Council has decided on registration. Get a quote from experts to learn more about other charges.
Compulsory regulation
A Turkmen company must have two shareholders and one director, who might be a country’s non-resident. The minimal share capital requirement is $33,600.
Documents
Following are the documents that must be submitted to the registrar office:
- Registered name of the company in the native language,
- Official address,
- Financial statements,
- List of shareholders,
- Statement showing the participation and liability of each shareholder,
- Tax ID number,
- Name of the bank account and type of account,
- The registration request form,
- Business operations and goals listed on a document.
All essential papers are translated into Turkmen. The client’s company registration paperwork and tax authorization application are subsequently sent to the appropriate authorities.
Consultation about Joint Venture registration
Our Joint Venture registration consultation services are created to assist you in setting up your business in Turkmenistan. Our experienced advisors will help you with all aspects of the process, from preparing paperwork to acquiring the required permits and registrations. We offer tailored advice on legal obligations, share capital, and corporate structure to help you make well-informed choices that support your business objectives.
Ownership management
Controlling the ownership of a Joint Venture is a vital yet intricate responsibility. Our offerings encompass managing alterations in ownership, overseeing beneficial owners, and supervising ownership transfers. We guarantee that all ownership modifications are accurately recorded and adhere to the most up-to-date regulations.
Corporate structure changes
As your company grows, your corporate structure may also change. If you need to modify directors, update nominee information, or make any other structural adjustments, we offer complete services to help you make these changes seamlessly and effectively.
Share capital management
Managing the share capital is essential for the financial well-being of your company. We provide assistance in enhancing, decreasing, selling, and transferring share capital, guaranteeing that all transactions are executed precisely and in compliance with legal regulations.
Ready for the next step
Accelerate your business growth while we take care of everything else.