PURCHASE OF EXISTING BUSINESS IN TURKEY

«I personally guarantee that we will honestly and decently do our job!»

Prykhodko Andrii

Lawyer, Doctor of Laws, recognized media expert on legal issues, legal adviser to famous politicians and businessmen.

Contact now

PURCHASE OF EXISTING BUSINESS IN TURKEY

PURCHASE OF EXISTING BUSINESS IN TURKEY

Author

Prykhodko Andrii

PURCHASE OF EXISTING BUSINESS IN TURKEY

If there is no time and desire to register a company or branch in Turkey, then there is always an alternative – to buy a ready-made business. Such _ solutions there is several advantages :

  • an established company with its customers and a sales market for products;
  • re-registration will take much less time than the formation of a new legal entity ;
  • at the stage of resolving legal issues, the organization will continue to generate a stable income due to the established mechanism of work in the Turkish or international market;
  • there is an opportunity to assess the risks of doing business even before its acquisition.

Important! Buying a business in Turkey is only half the battle. It is important to correctly determine the “purity” of entrepreneurship by examining the financial statements, hidden debts, and enforcement proceedings. A professional audit from our experts will help identify the “pitfalls” and determine whether the business suits you or not.

What to look for when buying a business in Turkey

To buy an enterprise/company in Turkish territory and not become bankrupt in the future, you need to consider several important points:

  • profitability spheres activities ;
  • availability of a license, certificates, as well as an audit of tax and accounting reports for recent years;
  • development of the company from the beginning of its creation to the day of sale – profit, expenses, customer base, competitiveness.

It is unlikely that you will be able to perform all the actions on your own, and therefore, our portal offers comprehensive support – from company registration and business licensing before choosing partners and searching for a project to buy.

What we offer clients for buying a ready-made business in Turkey:

  • Formation of criteria and search for potential companies that meet your expectations.
  • Establishing relationships with business owners: connecting with business owners, getting to know and establishing trust between the buyer and the owner, and signing a non-disclosure agreement / NDA.
  • A thorough examination of all documents ( due diligence ) and company valuation.
  • Coordination of the price, if necessary, carrying out measures for tax optimization and clarification of financing.
  • Preparation and detailed negotiation of the terms of the contract of sale.
  • Signing the contract of sale and its notarization.
  • Transfer of funds and transfer of the company to a new owner.

What do we pay attention to when buying a ready-made business?

  • Responsibility for reputation: each formed company that has worked on the market for some time is evaluated in a certain way by counterparties, as well as by authorities. A positive assessment of the acquired company by the above-mentioned entities will greatly simplify the process of its scaling;
  • Liability to old creditors: You become liable for obligations to the old creditors of the company.
  • Liability for capital contributions: after the purchase of the company, you will be jointly and severally liable with the old owner for capital contributions that have not yet been paid;
  • Liability for tax debts: as an assignee, you are liable for all tax liabilities of the previous owner that arose during the calendar year prior to the transfer;
  • Responsibility for wages or salary: You assume all employment relationships with all rights and obligations. This may include, in particular, payment in excess of the standard pay scale or a special holiday agreement. Liability also extends to claims arising from employment contracts, including in particular wage arrears for the last twelve months.
  • Responsibility for warranty service. As a successor, you are also responsible for the products and services provided to customers prior to purchase.

How to determine the price of the company I want to buy?

There are several basic methods for assessing the value of a company:

  • Net Asset Value Method: Focuses on the value of the individual components of a company, which then form the total value.
  • A capital cost method helps to find the price of current investments based on forecasts of how much money they will bring in the future.
  • Market Value Method: Multiples commonly used in the industry are usually used. For example, EBITDA (earnings before interest, taxes, and depreciation) is multiplied by the x factor, which forms the purchase price.

There are non-quantifiable factors that should be considered. This could be, for example, the degree of potential for process optimization or know-how developed but not yet used.

We work in accordance with Turkish legislation. What does this is means just for you? Fast processes that provide quality and safety buying and selling business in Turkey, because we know that need to start doing business in difficult times.

Calculate the cost of services

1 question

Are you currently in Ukraine?

Yes
No

2 question

Are you currently in Turkey?

Yes
No

3 question

Do you need business registration in Turkey?

Yes
No

4 question

Do you want to buy a ready-made business in Turkey?

Yes
No

5 question

Do you need advice on Turkish taxes?

Yes
No

6 question

Do you need to open a bank account in Turkey?

Yes
No

7 question

Do you need a work permit in Turkey?

Yes
No

8 question

Do you need to rent an address for a company or a virtual office in Turkey?

Yes
No

9 question

Do you need accounting support for a business (firm) in Turkey?

Yes
No

10 question

Do you need legal support for a business (firm) in Turkey?

Yes
No

11 question

Do you need a legal audit of a business in Turkey?

Yes
No

12 question

Do you need marketing support for a business (firm) in Turkey?

Yes
No

13 question

Do you need business logistics (transportation services) to Turkey?

Yes
No

14 question

Do you need a business loan in Turkey?

Yes
No

15 question

Do you need a consultation urgently?

Yes
No

Lawyer, Doctor of Laws, recognized media expert on legal issues, legal adviser to famous politicians and businessmen.

Contact now
How helpful was the article? Rate:

5

Count of grades:

12

20%
discount
If we do not
call back
during the day
Consultation
Law Company
Leave a request for legal assistance right now:
The best lawyers
Fair price
We work quickly
Online / offline consultation