Company Registration in Turkey

Who can form company in Turkey?
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.

Regulated sectors
There are business organizations under special Turkish legislation for which prior establishment approval must be obtained from the Ministry of Commerce and Industry. These regulated sectors are: Banks, Private Finance Institutions, Insurance, Financial Leasing, Factoring, Holdings, Foreign Currency Exchange Offices, Public Warehousing, founders and operators of Free Trade Zones and companies subject to the Capital Markets Law.

No matter what type of company you decide to register in Turkey the founder of a non-Turkish nationality who is a real person has to present the following documents:

• 5 passport copies translated into Turkish and authorized by the notary public in Turkey,

• residence permit in Turkey, duration does not matter,

• rent contract or Tapu for property in Turkey to prove the address where the company is to be registered.

The cost and duration of company registration depend on the company type and the number of founders.

• Private entrepreneur

• Limited Liability Company

• Joint Stock Company

The most popular business activity forms in Turkey are private entrepreneur and limited company as they are easy to set up and operate. To optimize taxation the type of company should be chosen considering the amount of profit to be earned.

The information above is aimed to cover the most general aspects of setting up company in Turkey. If you wish to learn more details or information on other company types, please contact us and our financial advisor will answer all your questions.

Haven’t you found the information required, please contact us and we’ll do our best to help you.