Market Analysis:
Market analysis determines the attractiveness and dynamics of a specific market in a particular industry. Therefore, this study is part of industry analysis and global environmental analysis. A company’s strengths, weaknesses, opportunities, and threats are identified through all these analyses. As a result, we provide the most accurate solutions by analysing the energy, time, and capital required to bring your products to market and meet customers under the right conditions.
Economic Situation Analysis:
It is necessary to conduct thorough research on the country in which you plan to enter the market, taking into account information such as the per capita income and unemployment rates of the country where you will establish your company when creating the feasibility. An important factor that shows that the country where the company is planned to be launched is a favourable investment country is that it has a growing middle class and an increasing income level. Therefore, investing in a country with a growing middle class will be more advantageous.
Knowledge and Experience:
A company’s biggest asset is its experience and knowledge about the field of operation. Therefore, the expertise and experience in the field of contact of the company to be established have a critical impact not only for opening a company abroad but also for finding partners to expand the business in advanced stages. Therefore, ensuring sufficient knowledge and experience before investing will facilitate the company’s operations in the advanced stages.
What are the Requirements for Opening a Company Abroad, and What Steps Should You Follow?
Turkish citizens must prepare official documents to establish a company abroad, open a branch, authorise someone in the company they own or are a partner, terminate the authorisation, make an appointment, or grant power of attorney. There are two options for preparing these official documents:
- a) Preparing them in the country of use and granting power of attorney to the accountant at the notary in that country,
- b) Preparing the official documents issued in Turkey in a form suitable for use in the country where the company will be established.
What are the incentives for opening a company abroad?
Opening a company abroad is an essential factor that increases the share of Turkish companies in the international market and is therefore supported by government incentive programs. Turquality and KOSGEB support are also significant incentives in this field.
At SUN & SUN Consulting, we are happy to provide consultancy support in opening a company abroad, drawing on our 20 years of experience.
