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