Legal entity types in Turkmenistan compared
Our team is dedicated to helping entrepreneurs like yourself understand and navigate the complex business structures in Turkmenistan. We offer a wide range of services to help you select the right structure for your business and ensure compliance with all legal regulations. Let’s examine the different business structures that are available and discuss how we can assist you in establishing your business in this thriving Asian country.
Legal entities in Turkmenistan
Below is a summary of the most commonly used types of legal structures in Turkmenistan:
| Entity | Local name | Min. share capital | Management | Incorporation time (approx.) |
|---|---|---|---|---|
| Individual enterprise | Ýekebara Kärhana | Not specified | Owner | 5 days |
| Joint Venture | Bilelikdäki Kärhana | Not specified | Joint partners | 10 days |
| Branch Office | – | – | Branch manager | 15 days |
| Holding Company | – | – | Board of directors | 10 days |
Individual enterprise (Ýekebara Kärhana)
Individual enterprises are businesses run by one person. They are typically small in size and are not viewed as distinct legal entities apart from their owners.
Joint Venture (Bilelikdäki Kärhana)
In Turkmenistan, joint ventures consist of multiple parties collaborating on a particular business endeavor. Each party contributes resources and takes on both the risks and benefits of the project.
Branch Office
A branch office is a way for a parent company to expand their business into a different location while still maintaining their original legal identity. Setting up a branch office in Turkmenistan can benefit companies wanting to grow their operations in the country without having to create a new legal entity. By operating as a branch, the parent company can use their existing brand and resources to enter new markets. We provide full support to help with the complexities of establishing and running a branch office in Turkmenistan, making sure the transition into the market is smooth and compliant.
Holding Company
In Turkmenistan, setting up a holding company can provide several advantages, including centralized management, risk spreading, and tax benefits. This strategic entity is commonly used to control other companies by owning their shares. By organizing your business in this way, you can effectively oversee multiple subsidiaries, simplify decision-making, and enhance tax planning. Our team of professionals can offer personalized support to assist you in forming and running a holding company in Turkmenistan, guaranteeing adherence to regulations and maximizing the potential of your corporate structure.
Requirements for starting the business
Let’s delve into the basic criteria for establishing a business entity in Turkmenistan and the ways our committed team assists you through the entire process.
Minimum share capital
In Turkmenistan, there are specific minimum share capital requirements based on the business structure you select. Our team will help you calculate and meet the necessary minimum share capital for your business establishment. We will collaborate with you to ensure that you meet all regulations and make the most of your financial assets.
Directors and shareholders
In Turkmenistan, appointing directors and shareholders is a necessary step for every business entity. Our experts provide valuable guidance to help you select appropriate directors who can contribute their expertise to the company and align with your future goals.
Legal duties and obedience
It is essential to fulfill all obligations such as registration, reporting, and tax requirements with the relevant authorities. Our legal team manages the administrative tasks to ensure full compliance of the business at all times, enabling you to concentrate on your main operations as we handle the paperwork.
Book a consultation
The team invests time in comprehending your objectives, field, and obstacles, so we can offer tailored assistance during the process of setting up your business. Our commitment to delivering top-notch service guarantees a smooth and stress-free path to creating a successful company in Turkmenistan. Don’t let the challenges of establishing a business in Turkmenistan hinder your progress. Trust us to help your company reach its full potential. To kickstart your path to success, reach out to us now. Complete and submit the inquiry form provided below, and our experts will get in touch with you.