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Small and Medium Enterprise Development Agency -- SMEDA

Smeda is a joint-venture between the European Union and the Government of Turkmenistan.

Are you looking for someone in Turkmenistan who can:

* Make contacts for your company with local and international businesses;
* Do market research
* Perform business training for your staff
* Develop and initiate promotional activities.

For foreign companies and businessmen, qualified SMEDA staff with strong knowledge in all aspects of small and medium business will serve you on an international level.

* Do you want to obtain a clear picture of the Turkmen economy?
* Do you experience problems with keeping up with changes in the Turkmen legislation?
* Do you want to set up a business in Turkmenistan?
* Are you looking for a Turkmen buyer or supplier?

SMEDA will assist you and will be
YOUR ACCESS TO RELIABLE INFORMATION

Laws and regulations and other documents available through SMEDA

Contact:
Dovodov Murad, Business Communication Centre

8 Sokolovskogo St.
744000 Ashgabat Turkmenistan
SMEDA-P.O.-box 3/56
Ashgabat-Crugozor
Tel: +993 12 34 42 59
Tel: +993 12 34 51 49
Fax +993 12 34 51 49
E-mail: smeda@cat.glasnet.ru


Why SMEDA?
Many overseas and local companies operating or planing to do business in Turkmenistan face difficulties in getting access to trustworthy commercial information. Prompt and verified information on legal, taxation, economic and other business-related matters, is very often the essential factor of success in Turkmenistan. SMEDA (Small and Medium Enterprise Development Agency) is proud to present itself as one of the leaders in the consultancy business in the country since 1995. Our assistance in obtaining reliable information will enable you to avoid mistakes and design a feasible action strategy. We offer quality legal, taxation, business and marketing advice at affordable prices. As part of our service package we also provide business support services such as visa arrangement, hotel reservation, car and interpreter hire. We are extremely flexible about our services and ready to deliver services beyond our regular range.

What do we do?
Legal Advice
* How to start up a business
* How to register a local or foreign company
* Advice on contracting (correspondence of contracts to the Turkmen legislation, analysis of possible consequences)
* Licensing in Turkmenistan
* Employment procedures
* Preparation of founding documents for a Turkmen company
* Preparation of registration documents for a foreign company
* Preparation of contracts
* Advice on legal claims
* Research on commercial legislation of foreign countries
* List of Turkmen legislation on a subject
* Texts of Turkmen legislative acts (in Russian and English)
Trade Promotion
* Market research (Turkmen and foreign markets)
* Search for suppliers/buyers
* Advice on export/import banking
* Advice on international transportation
* Programme Arranging Service for Business Delegations
* Advice on registration of international contracts at the State Commodity and Raw Materials Exchange of Turkmenistan

Business Advice
* Feasibility study
* Business plan
* Financial plan
* Loan application
Advice on Taxation, Accounting and Customs Procedures
Business Support Services
* Interpreter hire * Certification of translations into and from English * Telecommunication * Access to computer facilities * Photo copying, Printing, Scanning, Binding * Car hire * Organisation of business trips
Brochures
* Turkmen Commercial Legislation (2 Volumes, English)
* Turkmen Taxation Legislation (English)
Business Courses

* Financial Management
* Marketing
* Business Planning


Table of Contents of laws, regulations and other documents available through SMEDA:

* The constitution of Turkmenistan
* Law of Turkmenistan on entrepreneurial activity in Turkmenistan
* Law of Turkmenistan on enterprises
* The law of Turkmenistan on investment activities in Turkmenistan
* Law of Turkmenistan on the central bank of Turkmenistan
* Law of Turkmenistan on commercial banks and bank activities
* Law of Turkmenistan on the foreign currency control
* Law of Turkmenistan on commodity and raw material exchange
* Law of Turkmenistan on chamber of commerce
* Statute on the ministry for foreign economic relations of Turkmenistan
* The law of Turkmenistan on free economic zones
* List of free economic zones in Turkmenistan
* The law of Turkmenistan on foreign investments in Turkmenistan
* Law of Turkmenistan on foreign economic activities in Turkmenistan
* The law of Turkmenistan on foreign concessions
* Resolution of president of Turkmenistan 12 1603 on the guarantees of protection of foreign investments and capitals
* Statute on the procedure of the state registration of enterprises (institutions, organisations) with foreign investments and registration of branches and representations of foreign firms
* Decree of the president of Turkmenistan on the transition to the international principles of cargo transportation settlements
* Taxes

* Instructions, Laws and Provisions available in English Overview of the taxes and charges in Turkmenistan on 1st of April 1997
* Provision on non-cash payments in Turkmenistan
* Letter on clarification of tax privileges for foreign investors
* Instruction on calculation of wage fund exceed levy.
* Law On Profit Tax
* Law on VAT
* Instruction on payment and calculation of VAT
* Provision on Annual Bookkeeping Reporting in Turkmenistan
* Instruction on calculation of Expenses are to be included in Prime Cost
* Instruction on taking stock and financial obligations
* Instruction on payment and calculation of tax on owners of transport facilities
* Regulations on Stock Exchange deal registration
* Reporting of foreign entities in Turkmenistan
* Audit activity act of Turkmenistan
* Regulations on opening and maintenance of hard-currency accounts by banks in Turkmenistan
* Law on property
* Provision on accountancy in Turkmenistan
* Law on accountancy in Turkmenistan
* Instruction on payment and calculation of Excise charges on goods produced in Turkmenistan and exporting product out of the country
* Instruction on payment and calculation of Excise charges on importing goods
* Instruction on payment and calculation of Social Securities and Pension charges
* Instruction on payment and calculation of Property Tax
* Instruction on payment and calculation of Profit Tax by foreign entities (Instruction No 9)
* Local taxes
* Instruction on payment of Health insurance
* Instruction on calculation of Personal Income Tax
* Instruction on payment and calculation of Profit Tax

Prepared by SMEDA Ashgabat