Valsen Corporate

Turkey LP

  • The limited partnership differs legally from the general partnership because at least one partner (who is called the “general partner”) is unlimitedly liable for all the debts and obligations of the partnership against the third parties, whereas the other partners (who are called the “limited partners”) are not liable for the debts and obligations of the partnership against third parties.

    Turkey Limited Partnership Key Features
    1. Limited Partnerships are partnerships in which there are one (1) or more general partners and one (1) or more limited partners.
    2. General partners may be personally responsible for any debt of the firm in the event assets are insufficient to make good any debts.
    3. Limited Partners are, generally, liable for their agreed investment in the firm and nothing more.
    Turkey Limited Partnerships Legal Requirements

    Turkey LP

    Corporate Details

    General
    • Registered Office in Turkey

    Yes
    • Shelf company availability

    Yes

    Share capital or equivalent
    • Standard currency

    USD
    • Permitted currencies

    Any

    Directors | Officers | Partners
    • Minimum number

    1 Limited Partner and 1 General Partner
    • Maximum number

    None
    • Location of meetings

    No
    • Corporate Partnerships allowed

    Yes

    Company Secretary
    • Required

    No

    Accounts
    • Requirements to prepare

    Yes
    • Audit requirements

    No
    • Requirements to file accounts

    Yes
    Turkey Limited Partnership Tax Treatment Turkey LP attract a corporate tax of 20% Turkey Limited Partnership Duration for set-up 2 Weeks Distinctive Benefits of the Turkey LP
    • Limited Partners are, generally, liable for their agreed investment in the firm and nothing more
    • Flexible structuring of the entities in Turkey
    • Favorable compliance restrictions
    • Friendly regulatory environment in Turkey
    • Low corporate taxes of 20%
    The Valsen Advantage
    1. End to end comprehensive service
    2. Speedy and efficient service
    3. Expert advice on structuring options
    4. Dedicated ongoing compliance support
    5. Extensive network pool of service providers