It is possible to establish a similar business in UK. Generally, prior authorization is not needed for establishing a company except special regulations as Finance, Defence, and Petrol. According to UK Companies Act, there is not a minimum age limit for being the director of a company. Within the scope of Ankara Agreement, there is no minimum capital requirement for a natural or legal person resident in Turkey to establish a Company or open a Branch in UK.

There are 5 types of business for foreign investors to conduct trade activities in UK:

  • Sole Trader
  • Limited Liability Company
  • Partnership
  • Franchise
  • Branch