Create a Company in the Healthcare Sector in Turkey

The development of the Turkish tourism industry has opened the door to other sectors, among which medical tourism is one of the most important branches. Apart from this, Turkey is known for having on the most performant manufacturing industries among countries in Europe and Asia. Among the devices manufactured in Turkey are also medical ones, which is why opening a business in the healthcare industry offers many opportunities to those interested in exploring this sector.

Our company formation agents in Turkey can provide information on the laws related to starting a company in the healthcare industry.

Registering a Turkish healthcare company

The Company Law provides for the types of structures which can be used to set up a company in the healthcare sector in Turkey. Foreign investors can choose to register private or public limited companies, however professionals such as doctors can also set up sole proprietorships in order to offer their services. It should be noted that not only doctors can supply their services in the Turkish healthcare industry, as there are a lot of niches if this sector which can be exploited by foreign investors.  Among these niches there are:

• -          pharmaceutical companies;
• -          healthcare facilities offering spa and therapeutic massage services;
• -          companies producing medical devices and equipment;
• -          private medical cabinets.

Even Turkish insurance companies can specialize in offering healthcare insurance services; therefore, investors can find numerous investment opportunities in this industry.

Licenses for the healthcare sector in Turkey

Once the branch of the healthcare industry selected and the Turkish company formation completed, the business owner must apply for the license related to the services or products the company will offer. In the case of pharmaceutical products one must apply for a special license with the Ministry of Health in the country. The same requirements apply to companies manufacturing medical equipment. Also, considering most of these products are created for export, an export license must be obtained prior to sending them to the countries of destination.

Looking for a team of accountants in Turkey? You are invited to talk to our experts and discover the services offered. Payroll and bookkeeping are the most important. Also, the preparation of annual financial statements enters our attention too. In the case of high-net-worth individuals, they can benefit from complete investment consultancy and varied personalized services. If you need more details, feel free to get in touch with us.

For full information on the licensing of healthcare companies and assistance with the company registration procedure in Turkey, please contact us.