Turkey is a country that offers great advantages to investors who want to open a company there. A gateway between Europe, Middle East and Central Asia, Turkey has a good economy, a liberalized investment climate and good taxation regime.
We are a specialized company registration agent in Turkey, serving clients from any part of the world looking to expand to the important Turkish market. Our team consists of professionals and Turkish incorporation specialists (consultants and accountants) who will work together to will help you set up a company in Turkey.
We provide company incorporation services in all of the major cities in Turkey, as you can see below. You can find more information about the company incorporation procedure in four major Turkish cities by placing the mouse over the map and clicking on the city you are interested in.
Reasons to invest in Turkey
Turkey has a dynamic economy that attracts numerous foreign investors. It also has a promising economic growth and the country is expected to have one of the fastest growing economies among the OECD members. Moreover, Turkey encourages foreign direct investments and has a dynamic private sector.
Good infrastructure and a qualified and competitive workforce are two other key reasons why investors look towards Turkey to base their business. The country also has a favorable taxation regime and the government offers incentives and tax benefits to those who open companies in certain free zones. Incentives are also applicable for research and development activities, strategic investments or large-scale investments.
The limited liability company is the most popular form of business. At least one shareholder is required to form this type of company and a minimum share capital of 10,000 TRY will also have to be deposited during the initial phase of the incorporation process. The liability of the shareholders is limited to the amount of share capital invested in the company.
The joint stock company has a larger minimum share capital than the limited liability one - 50,000 TRY. This type of company has different rules regarding the company management process: it must have at least one shareholder and a mandatory board of directors. The liability of the members is limited to the amount of invested capital and the capital is divided into stocks which can be made public when the company is listed on the Stock Market. This type of company is more suitable for large businesses.
Other business options for investors include branches or subsidiaries in Turkey. Our company formation experts in Turkey can give you detailed information about each type of company.
We invite you to watch a video about how to open a company in Turkey:
The company incorporation procedure in Turkey
The company incorporation process in Turkey is straightforward and one of the shortest in Europe. The investor can begin running the new business in approximately one week, if all the documents are in order.
The first step is drafting the articles of association signed by the company directors. These documents will also need to be notarized in Turkey. The minimum share capital can then be deposited in a bank account opened for the company. After the capital is deposited (0.04% of the required minimum capital) and the investors have the necessary receipt, they can begin the registration process. A registration fee is payable to the Commercial Registry Office, together with the necessary documents.
The Turkish Commercial Registry issues a registration certificate and the incorporation of the company is published in the Turkish Gazette. The company must also register for VAT purposes with the relevant State Tax Authority.