A new commercial code goes into effect in Turkey on July 1, marking the first fundamental change in fifty years.
Among the sweeping changes are a few of particular note to the HSP audience, including the introduction of a single shareholder joint-stock company and a single-member limited liability company, the use of financial reporting generally accepted in international markets (Turkey’s TAS is IFRS), audit in equity capital companies, regulations on late payments and a host of others.
Please contact Dafydd Williams if you are interested in learning more about expansion in Turkey.
They helped us get up and running very quickly. There is no way that a small company like ours can gain the expertise and find local service providers and nagivate through all the requirements of the Indian government like High Street Partners did. They set up our payroll, accountants, legal, helped us find the office that we occupy in Bangalore – they did it all. I have no idea the legal language for an Indian contract, but High Street Partners helped us with that.
High Street Partners