Foreign investors are invited to set up companies in various industries in Turkey. Among the most prolific economic sectors nowadays are retail and information and technology, shortly known as the IT industry. This segment offers many investment possibilities to local and foreign enterprisers moving to Turkey.
In order to set up a business in the IT sector in Turkey implies respecting the provisions of the Electronic Communications and the Internet Laws. Our company registration agents in Turkey can offer more information on these laws.
The first step to open a company in the IT industry in Turkey is to select the type of business one wants to use in order to operate. The limited liability company and the joint stock company are the accepted forms when doing business in the IT sector in Turkey. Then, the documents related to the company formation must be drafted and filed with the Companies Register in Turkey. Our Turkish company formation consultants can handle the company registration process.
Once the company is registered, it must apply for the right license with the Turkish Information and Communication Technologies Authority. An IT company in Turkey can offer various services or can develop software intended for sale. However, there are also operations a Turkish IT company can undertake.
No matter the services or products an IT company will provide, respectively create, its activities will imply using an Internet connection which will require an authorization from the Information and Communication Technologies Authority. Turkish IT companies must comply with the Regulation on Tariffs Act which provides for the prices these company must practice.
For IT businesses acting as Internet service Providers (ISP) an authorization for using certain telecommunication frequencies must be obtained. However, IT companies may also offer their services via the Internet for which they must buy a domain name and register it with an accredited registrar.
For full information on how to set up an IT business in Turkey, please feel free to contact us. You can also rely on us for assistance with the company registration procedure in Turkey.