The journey of establishing a company in Turkey with Advice Consultant passes through several basic stations. Firstly, we start with you by talking about the type of the company that suits your business activities. Our second station is preparing the necessary papers in order to apply for the establishment of a company in Turkey, and the last stop is authorizing the chartered accountant to carry out the establishment and follow-up procedures on a permanent basis.
Turkey today is a fertile and attractive place for investors who want to develop their business by being present in the Turkish markets by establishing a company in Turkey. The incentives provided by the Turkish government to encourage the establishment of companies are distinctive and striking, the most important of which is obtaining a work permit that grants you citizenship after renewal for five consecutive years , in addition to the size of tax exemptions on materials exported from Turkey
Our company Advice Consultant Have prepared for you a detailed article about establishing a company in Turkey, where we start with you by knowing the types of companies in Turkey, and then we get acquainted with the papers required for its establishment, after that we go through the steps of establishing the company, until we reach the conclusion of the article by mentioning the most important benefits that follow the establishment of a company in Turkey
Types of companies in Turkey
There are five types of companies as stated by the Ministry of Trade and Labor in Turkey:
First, the personal company:
The personal company is one of the easiest and most preferred types of companies to establish, and the reason is due to the easy procedures when opening and even closing it, and the name and surname of the founder is usually written in the title “company name”.
Second, the joint or cooperative company:
It is a commercial company like any other company, but it is limited to certain commercial projects and the number of shareholders in it is at least seven, and its board of directors consists of three Turkish citizens as a minimum, the share of each partner is at least one thousand shares, and at most five thousand shares, so that the value of each share is at least 100 TL.
Third, the joint stock company:
This type of companies are obvious from the name and it means that the percentage of ownership of each investor in the company is distributed in the form of shares, and each share must be a minimum of 50,000 Turkish liras, and the number of shareholders is at least 5 legal persons.
Fourth, the unlimited company:
This type of companies need a lot of explanation, and we will not go into it now, but in short terms, licenses to establish this type of companies are somewhat difficult. Examples of these companies are: banks, insurance companies, holding companies, asset management companies.
Fifthly, the limited company:
This form of company is most suitable for most investors, owners of small and medium enterprises who aspire to establish business in Turkey. The limited company is very compatible with many investors in terms of ease of conditions on one hand, and the incentives provided by the Turkish government on the other.
Its conditions are limited to at least one shareholder and at most fifty shareholders.. with a capital of at least 100 thousand Turkish liras, which must be deposited within 24 months.
Documents required to establish a company in Turkey
The papers required for incorporation are very easy. With our company Advice Consultant, they will be extracted for you in just one day!! The lack of complexity and routine in papers and documents helps a lot with getting the paperwork done. This is one of the facilities provided by the Turkish government to investors. What are these papers?
An original copy of the translation and attestation of the original passport from the notary.
A tax number from a tax center in Turkey
Extracting security approval from General Securities.
4 recent personal photos.
What are the steps for establishing a company in Turkey 2022?
First, prepare the articles of association.
The most important is the company’s internal system contract, which is prepared by the legal accountant, by the way, Turkish law obligates all companies to have a certified public accountant in order to represent companies before the Ministry of Commerce, and this is through an official power of attorney at the notary public that includes the establishment of the company and the conduct of its business.
Secondly, the presence of the company headquarters:
Also, one of the main conditions for establishing a company in Turkey is the headquarters, so there must be a place for the company to conduct its business and conduct its activities, and usually there is a committee from the Ministry of Commerce that comes to inspect the place and its compatibility with the company’s activities.
Third, the value of the capital:
Initially, 25% of the company’s capital must be deposited to start the incorporation procedures, after which the entire capital must be deposited within a maximum period of 24 months.
Fourth, apply electronically to incorporate the company:
After completing the required papers and determining the company’s headquarters, the chartered accountant submits the papers electronically through a platform launched by the Ministry of Labor. This platform is called the Central Registry System.. Through it, companies are established and other subsidiary procedures are followed up in the company
Fifth: Issuing the rest of the company’s papers:
Electronic signature – İmza Sirküleri –
Tax Board – Vergi Levhası – .
Gazete Official – Gazette –
Commercial Register – Ticari Sicil –
Event Document – Faaliyet Belgesi –
Through these five procedures, we have completed the process of establishing a company in Turkey. By the way, You must choose the most appropriate company for the accuracy in completing the establishment and follow-up transaction, and with your selection of us in Advice Consultant we are very keen to provide professional and distinguished services that are unique. In addition to that, we offer you many free services accompanying the incorporation process.
The most important benefits that follow the process of establishing a company in Turkey
Tax exemptions obtained by the company when marketing Turkish products and exporting them abroad.
Ease of export operations and the conduct of transactions and papers in this regard.
Turkey today ranks its economy 19th in the world, and this means that the company is within a huge and strong economic market
The owners of the company obtain Turkish citizenship after obtaining and renewing the work permit for five consecutive years.
Obtaining health and social security for the owner of the company and his family.
Corporate officials enjoy the “Merchant Document”, which means attending exhibitions without reservations in addition to other privileges
Here, the journey of establishing a company in Turkey has ended. In this article, we introduced you to the most important information that you should acquire before embarking on this journey. In addition to this information, you must take action to choose the right company and trust in order to run your business in Turkey, in order to avoid mistakes and not fall victim to fraud or something like that.
Advice Consultant offers its various professional services to you, we start with the issuance of all kinds of residence permits that guarantee your presence in the Turkish lands legally, and we are also agents of many Turkish construction companies through which we aspire to find you real estate suitable for your aspirations and preferences, we are also always with you to answer your inquiries, including Regarding obtaining Turkish citizenship and legal advice in general… Contact us
PDF file of the Turkish Ministry of Commerce
Turkish işbaşi website