Turkmenistan is a country located in the so-called heart of Asia (Central Asia). The opening of the new international seaport, one of the largest ports located on the Caspian Sea, will favor trade between Europe, the Middle East, the Black Sea region, South and Southeast Asia, the Law on Free Economic Zones, and the signing in 2018 of the agreement on the construction of the Trans-Caspian Gas Pipeline from Turkmenbashi to Baku, are three strengths that allow Turkmenistan to be considered as an attractive country for foreign investors in trade and business.

INCORPORATION OF COMPANIES IN TURKMENISTAN

In Turkmenistan, sectors of the economy such as hydrocarbons, construction and agriculture demand a high presence of foreign investment.

Foster Swiss helps to set up secure offices for our Clients or provide an office address. We are advisors and help our clients to overcome the challenge that most of these new emerging markets demand from our clients.

With the creation of a Limited Liability Company LLC, you have the possibility to work in any sector of the economy of the country.

This modality can be constituted by two shareholders who can be natural persons or legal entities, they can have one director who does not have to be a resident of Turkmenistan.

As for the required share capital it should not be less than US $20,000. A foreign capital LLC is obliged to submit its financial statements for annual audit.

Public Limited Company, if the client wants to offer the shares to the public, this type of company is recommended. It is mandatory for the Public Limited Companies to submit annual audited financial statements to the Government.

To incorporate this type of company requires two shareholders and a director, who may be non-resident individuals or authorities, and the minimum capital stock to incorporate a corporation is 200 minimum wages, i.e. US $33,600.

If companies wish to consolidate their income and expenses, the ideal would be the additional option offered by Turkmenistan with the Branches, with this modality foreign investors can work in any sector of the economy of Turkmenistan.

The Representative Office, on the other hand, is created when corporate clients do not seek to generate income and their activity is aimed at the promotion of the parent company.

It should be borne in mind that setting up a company in any of the above-described forms involves a waiting period of approximately 4 to 6 months.
In no case is travel to Turkmenistan required for the creation of any type of company.

If you would like more information about companies, investments and branches, Foster Swiss can assist you. We help you with practically everything: we provide advice from the moment you choose a corporate structure for your company up to one year after incorporation.

And of course we take over the whole process for you.

For more information on this topic or any other request related to our services, you can contact us directly at info@fosterswiss.com