Comparison of Turkey and Uk Business Culture

1160 Words5 Pages
Topic area Comparison of Turkey and UK business culture. Focus Turkey-European Union relations, country profile, UK and Turkey trade, export and import, trade partners, top products and trade partners, trade missions. 2)According to Republic of Turkey Ministry of science, industry and technology (2010), relations of Turkey and the European Union (EU) are found on the Agreement built an Association between Turkey and the European Economic Community (EEC), called Ankara Agreement, which became effective in 1964. The keystone of this Agreement is the formation of a customs union in three steps - a preparatory, a transitional and a final step. Overview of companies in Turkey and UK. The main types of business organisation in the UK are the Sole Trader, Partnership, Franchise, Private Limited Company and Public Limited Company. The main company types in Turkey are Private Limited, Joint Stock companies, Commandite and Collective Companies. Foreign businesses can also open a Liaison Office or a Branch in Turkey. Forming a company in Turkwy Foreign investors can form a company in Turkey. A foreign investor is defined as a company registered outside Turkey, or a non-Turkish national, or Turkish nationals who reside abroad. The removal of the requirement of the prior ministerial approval has conferred ‘Turkish Company’ status to all foreign investment based companies with the same rights and obligations of Turkey based companies. Provided all required documents are submitted to a Trade Registry Office, a company can be incorporated in Turkey just in one day. Turkey’s economy is a mix of modern industry and commerce, along with the traditional agriculture sector. Turkey has a robust and ever-developing private sector, and the state is a major contributor to industry, banking, transport and communication. Natural Resources: coal, iron ore, copper,

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