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Establishment Of Liaison Offices

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The Undersecretariat of Treasury is authorized to grant permits and extend such permits to companies established in accordance with laws of foreign countries to open liaison offices in Turkey, provided that they do not carry out commercial activities in Turkey.

Applications for establishment and extension shall be finalized within 5 days following the application, provided that the necessary information / documents are complete and proper.

Applications of foreign companies to establish liaison offices so as to operate in sectors subject to special legislation, such as money and capital markets, insurance, etc., will be assessed by authorities and institutions authorized by the related special legislation.

Application Documents

The following documents have to be submitted to the Undersecretariat for establishing a liaison office in Turkey:

a) The original copy of “Certificate of Activity” approved by the related Turkish Consulate or approved in accordance with the provisions of the Convention on the Abolishing the Requirement of Legalization for Foreign Official Documents Approval Obligation, prepared on the basis of the Hague Conference on International Private Law,
b)  Operational report or balance sheet and income statement of the main company,
c) The original copy of power of authority issued to the name of the person who is appointed to carry out  the operations of the liaison office,
d) The original copy of power of attorney in case that another person will carry out the establishment transactions of the liaison office.

Provisions Regarding Liaison Office Operations

 The following provisions govern the operations of liaison office:

a) Liaison offices, having received their establishment permit, shall send a copy of the tax office registration document to the General Directorate latest within 1 month. Liaison offices shall notify the General Directorate of any change of address latest within 1 month.
b) Liaison offices shall send the “Data Form for Liaison Office Activities” given as Annex IV of the Directive, to the Undersecretariat every year latest until end of May, so as to inform the Undersecretariat about their activities of previous years. Documents certifying that the previous year’s expenses of the office have been covered by foreign currency transferred from abroad, have to be enclosed as well.

c) Liaison offices are granted operation permits of 3 years at most. For extensions, successive extensions of maximum 3 years each may be granted by taking into consideration the activities of previous years and plans and objectives for the future.  
d) In the case that the liaison office terminates its activities, the “termination and examination of business note” to be received from the related tax office has be submitted to the General Directorate. Liaison offices cannot claim any money transfer except the residue arising due to termination or liquidation. 
e) The Undersecretariat might cancel the permits of liaison offices ascertained to have violated the legislation and shall notify related authorities thereof.