Companies abroad can be the founding partner and authorized signatory manager of a limited liability company in Türkiye

1- Limited liability or joint stock companies located abroad can be the founding shareholder or authorized signatory manager of a limited liability company in Türkiye, either alone or together with another natural or legal person.

2- If the limited liability or joint stock company abroad is the authorized signatory manager of another company in Türkiye, it must appoint a real person representative to sign on its behalf in the transactions to be carried out on behalf of the company in Türkiye.

3- The real person representative may sign for all transactions of the company in Türkiye on behalf of the foreign partner abroad and manage the company.

4- The real person representative may be a foreign national or a Turkish citizen real person representative may be appointed.

5- The real person representative may represent the company in Türkiye before the tax office, social security institution, municipalities, banks and all other real and legal persons with his/her signature.

6- The real person representative can carry out all transactions in banks in person at bank branches, as well as carry out banking transactions on behalf of the company via internet and mobile banking systems.

7- The foreign legal entity partner can, at any time, terminate the duty of the authorized signatory on behalf of the company in Türkiye and appoint one or more new authorized signatories in his/her place.

8- It is possible for the foreign shareholder to sell the shares of the company in Türkiye partially or completely to another person or company. The share transfer must be made at a notary public. Share transfer can also be made by power of attorney.

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.