Turkish Company Formation
We do provide Turkish company formation services for foreign individuals and companies looking to establish their business in Turkey, including Turkish company formation and other company governance services.
Over the years, we have successfully assisted clients from Asia, America, Africa, and Europe, in launching their businesses in Turkey and seamlessly transitioning to the country. With extensive experience in the field, we are well-equipped to cater to the diverse needs of our clients.
To date, we have helped over 90 foreign clients from various countries, such as UAE, UK, USA, Russia, Jordan, S. Korea, Hong Kong, China, Ukraine, Lebanon, France, Germany, Italy, Pakistan, Malaysia, Iran, Canada, and Saudi Arabia, for company formation in Turkey.
Through the custom broker agencies that we are working with for a long time, many of our clients utilize for importing, exporting, and transiting goods to other countries. In addition, we provide accountant and company address services for foreign companies at very reasonable rates.
How Long Does the Turkish Company Establishment Process Take?
The duration of the Turkish company formation process depends on several factors, including the type of company being formed, the location of the partners, and the availability of required documentation.
If the partners are already in Turkey and all necessary documents are readily available, we can complete the company formation process and set up bank accounts with online banking in just 1-2 days, which is the fastest and most cost-effective option.
However, if the partners are not in Turkey and the required documents need to be sent via mail or electronically, the process will take longer and may require additional time for processing. In such cases, we can still assist with the company formation process remotely, but it will take more time and will be more expensive than if the partners were in Turkey.
How to Establish a Company in Turkey?
According to the Turkish Commercial Code the minimum required capital for a limited liability company in Turkey is 10,000 TL, and it can be paid in installments within two years. The company’s capital can be in the form of cash, assets, or a combination of both.
Turkish Company Formation Steps:
Choose a company name and check its availability.
Get the partner’s passport and PoA translated and notarized
Get the tax ID for the partner
Apply for company registration at the Trade
Registry Office and obtain a registration certificate
Register the company with the Turkish Commercial
Registry Gazette and obtain a registration certificate
Obtain a tax number for the company and open a bank account in the company’s name
Sign a rental agreement for the company’s address
Sign Power of Attorney to an accountant on behalf of the company
Open a company bank account
Bank Account for Your Company
We can open bank accounts and get online banking for your company after establishment. You can also get a debit card for you and for your company and use it worldwide.
The below documents are required for the company bank account:
- -Company’s articles of incorporation. (AoI)
- -Directors’ passport and address showing documents,
such as utility bills, residence cards - -Turkish tax id number for each shareholder
- -Signature circular of the company.
- -Company tax id.
- -Company stamp.
We are experts in providing comprehensive guidance and advice to clients seeking to establish a company in Turkey. Our team of experienced professionals is well-versed in the regulations and requirements surrounding Turkish company formation and can assist with every aspect of the process.
From advising on the most appropriate legal structure for the business to drafting the necessary documents for the formation of corporations, limited liability companies, and liaison offices, our services cover all aspects of Turkish company formation.
We understand that navigating complex regulations can be challenging, which is why we are committed to providing clients with the support and guidance they need to succeed.
Our services are designed to ensure that our clients comply with all relevant regulations and requirements, and we have a proven track record of helping both local and international businesses to establish a presence in Turkey.
Whether you are starting a new company or looking to expand your existing business, our team is here to help you achieve your goals. Contact us today to learn more about our Turkish company formation services.