Source-cited draft: company formation & entity choice for Turkmenistan (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
General reference only
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Source-cited draft. This skill is source-cited but has not been reviewed by a licensed practitioner. It may be incomplete, outdated, or wrong.
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| Entity types, capital and incorporation | Foreign investors in Turkmenistan most commonly use a Limited Liability Company (LLC), a joint-stock company, or a branch/representative office. Registration runs through the Ministry of Finance and Economy and the State Tax Service. | |
| Limited Liability Company (LLC) | Most common vehicle for trading, services and local operations; liability limited to capital contributionsCivil Code of Turkmenistan / Law on Enterprises | |
| Joint-stock company (open/closed) | Used for larger capital-raising or share offeringsLaw of Turkmenistan on Joint-Stock Companies | |
| Branch / representative office | Liaison, marketing or operation under a foreign parent; not a separate legal entityCivil Code of Turkmenistan | |
| Minimum shareholders (LLC) | At least 2 shareholders (individuals or corporate entities)Law on Enterprises of Turkmenistan | |
| Minimum directors (LLC) | At least 1 director; need not be a Turkmenistan national or residentLaw on Enterprises of Turkmenistan | |
| Minimum share capital (LLC) |
Foreign investors in Turkmenistan most commonly use a Limited Liability Company (LLC), a joint-stock company, or a branch/representative office. Registration runs through the Ministry of Finance and Economy and the State Tax Service.
Other Turkmenistan computations in the OpenAccountants library.
| Varies by source and sector; commonly cited around 5,000 TMT, with substantially higher minimums (e.g. USD 20,000) reported for foreign-invested entitiesLaw on Enterprises of Turkmenistan |
| Capital payment schedule | Half of share capital paid up initially, balance within one year of registrationLaw on Enterprises of Turkmenistan |
| Incorporation step 1 | Reserve a company name with the Ministry of Finance and EconomyMinistry of Finance and Economy of Turkmenistan |
| Incorporation step 2 | Prepare the company charter and obtain notarized copiesCivil Code of Turkmenistan |
| Incorporation step 3 | Open a bank account and deposit the required share capitalLaw on Enterprises of Turkmenistan |
| Incorporation step 4 | Register the company with the State Tax ServiceTax Code of Turkmenistan |
| Foreign ownership | No general legal cap on foreign ownership; wholly foreign-owned enterprises permitted in most sectorsLaw of Turkmenistan on Foreign Investments |
| Core annual compliance | Annual financial statements, annual tax declarations (profits tax, VAT where registered), and monthly payroll/contribution reportingTax Code of Turkmenistan |
| Investment incentives | Available incentives may include tax exemptions, duty-free import of machinery/equipment, and profit/dividend repatriation rightsLaw of Turkmenistan on Foreign Investments |
Rendered from the facts database. General reference only — confirm with a qualified professional before acting.
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