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2.1. Main Formation Requirements

Key steps to be followed for registering a company are:

  • Reserving a company name with State Registration Service of Turkmenistan
  • Opening a bank account at a commercial bank, depositing minimum 50% of the initial capital and obtaining a certificate of deposit
  • Submitting all the relevant documents to the Registrar of Companies and obtaining Certificate of State Registration
  • Registering the company with the tax authorities
  • Obtaining company seal