- A + A
Branch

Any stakeholder is not included.
It is not an independent legal entity. Its term is limited to the term of parent company.
Any capital condition is not provided; however, drawing a budget for branch activities will be reasonable.
The branch can be established for the same aims with parent company.
The branch accepts for its profit to be transmitted to the parent company. Branch profit transmitted to the headquarter is subject to dividend retention tax for 15%. This tax can be considered under the Agreements on Prevention of Double Taxation.