Company & Business Formation in Turkey
As an esteemed Turkish law firm with extensive expertise in international business operations, we offer unparalleled services for foreign clients looking to establish and operate their businesses in Turkey. Recognizing the strategic importance of choosing the most appropriate corporate structure, we guide our clients through every phase of company formation, ensuring a seamless and compliant entry into the Turkish market.
Comprehensive Services for Business Establishment in Turkey
Our services are designed to cover all aspects of company and business formation in Turkey, providing a one-stop solution for foreign investors:
Company and Business Formation:
We facilitate the entire process of setting up new companies in Turkey, including limited liability companies and joint stock companies, tailored to meet your specific business needs.
Banking Assistance:
Opening a new bank account in Turkey is streamlined with our assistance, ensuring that your business meets all financial regulatory requirements from the outset.
Accountancy and Payroll:
Our comprehensive accountancy and payroll services ensure that your business operations in Turkey are efficient and compliant with local tax laws.
Director and Nominee Manager Services:
We offer director and nominee manager services to meet the legal and operational needs of your Turkish company.
Tax and Legal Compliance:
Obtaining a new Turkish tax number, advice on Turkish tax law, labor law, and comprehensive legal support for all your Turkish legal requirements are part of our services.
Residency and Work Permits:
We assist with obtaining Turkish residency and work permits for foreign employees and investors, facilitating a smooth transition to working and living in Turkey.
Virtual Office Services:
For businesses not requiring a physical presence, we arrange virtual office services in major Turkish cities, providing a professional address and related services.
Intellectual Property and Trademark:
Our team provides advice on trademark research and Turkish IP law, protecting your brand and intellectual assets in Turkey.
Business and Contract Law:
We advise on the merits of Turkish business and contracts law to ensure your operations are built on solid legal foundations.
Tailored Company Formation Across Major Turkish Cities
Our expertise extends to establishing new limited liability companies or joint stock companies in Istanbul, Ankara, Izmir, and other major Turkish cities, according to your business requirements. With a team of experienced lawyers and accountants, we cater to a diverse clientele, including corporations, multinationals, and individual investors. Additionally, we can establish branches or liaison offices for your existing business in Turkey.
Company Formation Procedure
The process involves:
- Arranging notary procedures and certified translations.
- Checking the availability of your company name with the Turkish trade registry.
- Assisting with setting up a new Turkish bank account and signing lease agreements for a company address.
- Drafting the Articles of Association and other incorporation documents, and guiding you through the incorporation process with the relevant Turkish Chamber of Commerce and Trade Registry.
FAQ
Can a foreigner set up a company in Turkey?
Yes, foreigners can establish a company in Turkey.
How to set up a company in Turkey?
To set up a company, prepare the necessary documents, notarize them, and apply to the trade registry.
What is the minimum capital for a company in Turkey?
The minimum capital for limited companies is 50,000 TL, and for joint-stock companies, it is 500,000 TL.
How much is business tax in Turkey?
The corporate tax rate is 20%, although it may vary in specific circumstances.
How long does it take to set up a company in Turkey?
The company setup process usually takes 1 to 2 weeks.
Which city is best to start a business in Turkey?
Istanbul, Ankara, and Izmir are considered the best cities for business opportunities.
Is Turkey good for startups?
Yes, Turkey has an innovative and growing startup ecosystem.
Is Turkey a good country to start a business?
Turkey offers a favorable business environment with its young population, strategic location, and growing market.
How do I register my LLC in Turkey?
To register an LLC, you need to prepare the necessary documents and apply to the trade registry.
What is the foreign ownership limit in Turkey?
Foreigners are allowed to own 100% of the shares in a company in Turkey.
What business can a foreigner do in Turkey?
Foreigners can engage in various sectors, including retail, tourism, and construction.
What type of business is profitable in Turkey?
E-commerce, tourism, agriculture, and food sectors are considered profitable business areas.
How much does it cost to open an LLC in Turkey?
The total cost for opening a limited company generally ranges from 2,000 to 10,000 TL.
What is LLC in Turkish?
Limited Şirket.
What is the equivalent of LLC in Turkey?
Limited company (along with Sole Proprietorship and Joint-stock Company, it is one of the most common types of companies).
Can I register a company in Turkey?
Yes, foreigners can register a company in Turkey.
How long does it take to register a company in Turkey?
The company registration process typically takes 1 to 2 weeks.
Is it hard to do business in Turkey?
While there are challenges to doing business in Turkey, there are also government supports and growing market opportunities.
Can I be self-employed in Turkey?
Yes, you can be self-employed in Turkey.
How to incorporate a company in Turkey?
To incorporate a company, prepare the necessary documents, notarize them, and apply to the trade registry.
How do I verify a Turkey company?
You can check company registration and tax information on the Trade Registry Gazette and the official website of the Ministry of Finance.
Additional Resources
We invite our clients to explore our publications section and tax practice for further information on company formation procedures in Turkey, Turkish tax law, accountancy services, opening bank accounts in Turkey, and obtaining Turkish residency and work permits.
For detailed queries on company formations or to set up a new company in Turkey, please contact us. Our dedicated team is ready to assist you in navigating the complexities of establishing and operating your business in Turkey, leveraging our expertise to ensure a successful and compliant business venture.
Please also visit our publications section and our tax practice for further information on:
