• Trade license can be obtained for all activities except banking, insurance, and investment activities.
  • A company can be established with minimum two and maximum fifty shareholders. Partner liabilities are proportional to company capital share.
  • Minimum 51% of shares can belong to local citizen and maximum 49% to foreign investor.
  • Initial capital is not obligatory.
  • Profit distribution ratio can be identified differently from shares. 100% profit distribution can only be made to  one partner.
  • Board Members are chosen by General Assembly and number of member should be 5, the maximum.
  • During establishment company directors should be declared to Memorandum of Association. Foreign individuals or partners can be appointed as directors to run everyday work the company.
  • After completion of registration procedures, Trade License is obtained from Department of Economic Development and registration to Chamber of Commerce and Trade should be made.
  • A dispensation should be obtained from relevant public institutions in regard to company’s area of activities; for instance dispensation should be received for Production from Ministry of Finance and Industry, Banking and Finance from Central Bank and Construction or Food Production from affiliated Municipality.