{"id":6934,"date":"2018-02-03T10:00:55","date_gmt":"2018-02-03T04:30:55","guid":{"rendered":"https:\/\/enterslice.com\/learning\/?p=6934"},"modified":"2026-07-23T16:03:36","modified_gmt":"2026-07-23T10:33:36","slug":"procedure-company-formation-turkey","status":"publish","type":"post","link":"https:\/\/enterslice.com\/learning\/procedure-company-formation-turkey\/","title":{"rendered":"Procedure of Company Formation in Turkey"},"content":{"rendered":"<p>A Turkish entity can be registered by a non-resident of any nationality. Thus it can be wholly foreign-owned also. Turkey is expected to be growing at full pace &amp; is the fastest growing economy in Europe. Its GDP has been increased threefold between 2002 to 2012. It boasts of as an institutionalized economy fueled by loads of FDI coming its way.<\/p>\n\n\n\n<p>It is ranked 13<sup>th<\/sup> as the most attractive destination for FDI in FDI Confidence Index. Also, it is located strategically in a very convenient location which allows goods &amp; services to flow easily in reduced cost of transportation. It also does have an excellent business environment.<\/p>\n\n\n\n<ul>\n<li>It boasts of a strong legal system.<\/li>\n\n\n\n<li>Greater transparency due to KYC aligned system.<\/li>\n\n\n\n<li>Reduced Cost of setup<\/li>\n\n\n\n<li>Inexpensive Country<\/li>\n\n\n\n<li>A large supply of skilled &amp; unskilled labor<\/li>\n\n\n\n<li>The rapidly growing export sector<\/li>\n\n\n\n<li>A world leading agricultural sector<\/li>\n\n\n\n<li>It has the 10<sup>th<\/sup> largest steel industry in the world.<\/li>\n<\/ul>\n\n\n\n<p>It is 20<sup>th<\/sup> best country in the world when it comes to the protection of investors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Types of Entities in Turkey:<\/h2>\n\n\n\n<ol>\n<li><strong><a href=\"https:\/\/enterslice.com\/limited-liability-partnership\">Limited Liability Company:<\/a> <\/strong>It is the most common sort of entity used to set up in Turkish region. It just requires one week to incorporate &amp; a straight through process. It can also be incorporated to take benefit of investment in Turkish tax-free<\/li>\n<\/ol>\n\n\n\n<ul>\n<li>One <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Shareholder&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A shareholder is an individual or entity that owns at least one share of a company&amp;#039;s stock, granting them partial ownership of the company. This status allows them certain rights, including(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/shareholder\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>shareholder<\/a> required (non-resident)<\/li>\n\n\n\n<li>One director required (non-resident)<\/li>\n\n\n\n<li>Minimum Capital 3300 Euros.<\/li>\n\n\n\n<li>Resident Company Secretary not needed.<\/li>\n<\/ul>\n\n\n\n<ol start=\"2\">\n<li><strong>Branch Office: <\/strong><a href=\"http:\/\/www.invest.gov.tr\/en-US\/investmentguide\/investorsguide\/Pages\/EstablishingABusinessInTR.aspx\">Turkish Companies Act<\/a> regulates the registration of foreign branches &amp; they can be 100% wholly foreign-owned. It has to conduct its trading operations within the ambit set up by its Parent Company.<\/li>\n<\/ol>\n\n\n\n<p>Although it is required to obtain a necessary license if it has to operate in a certain industry.<\/p>\n\n\n\n<ol start=\"3\">\n<li><strong>Representative Office: <\/strong>If it is not able to start up with a branch office, it may seek to establish a representative office. It is wholly controlled by parent company &amp; is not allowed to make direct sales with Turkey.<\/li>\n<\/ol>\n\n\n\n<ul>\n<li>Marketing the business of parent company<\/li>\n\n\n\n<li>Research &amp; Development of <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Market&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A market is a structured environment, either physical or virtual, where buyers and sellers convene to trade goods and services. This trading hub operates based on the principles of supply and(...)&lt;\/div&gt;\"  href=\"https:\/\/enterslice.com\/learning\/terms\/market\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>market<\/a><\/li>\n<\/ul>\n\n\n\n<style>\n  \/* Enterslice CTA &mdash; scoped styles *\/\n  .es-cta-wrap { font-family: 'DM Sans', 'Segoe UI', system-ui, sans-serif; }\n  .es-cta-wrap > h2 {\n    color: #111c45;\n    font-family: 'Manrope', 'Segoe UI', sans-serif;\n    font-weight: 800;\n    font-size: 1.6rem;\n    margin: 0 0 14px;\n  }\n  .calling-person.blog_cta {\n    position: relative;\n    overflow: hidden;\n    padding: 30px 34px;\n    border-radius: 18px;\n    background:\n      radial-gradient(circle at 12% 18%, rgba(117,61,238,0.30), transparent 45%),\n      radial-gradient(circle at 88% 82%, rgba(56,91,251,0.30), transparent 50%),\n      linear-gradient(135deg, #0d1638 0%, #111c45 40%, #1e2e7e 100%);\n    color: #ffffff;\n    box-shadow: 0 16px 40px rgba(17,28,69,0.28);\n    border: 1px solid rgba(255,255,255,0.06);\n  }\n  \/* Subtle diagonal shine *\/\n  .calling-person.blog_cta::before {\n    content: '';\n    position: absolute; 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align-items: center; gap: 3px;\n  }\n  .calling-person.blog_cta .user-online-details .fa {\n    color: #FFC542;\n    font-size: 0.95rem;\n  }\n  .calling-person.blog_cta .user-online-details span {\n    color: rgba(255,255,255,0.9);\n    font-weight: 600;\n    font-size: 0.9rem;\n  }\n  .calling-person.blog_cta .call-chat { margin-top: 10px; }\n  .calling-person.blog_cta .call-chat a {\n    display: inline-flex; align-items: center; gap: 12px;\n    background: linear-gradient(135deg, #385bfb 0%, #753dee 100%);\n    color: #ffffff;\n    padding: 15px 30px;\n    border-radius: 50px;\n    font-weight: 600;\n    font-size: 1rem;\n    text-decoration: none;\n    box-shadow: 0 10px 26px rgba(56,91,251,0.45);\n    transition: transform .3s ease, box-shadow .3s ease, background .3s ease;\n    white-space: nowrap;\n    letter-spacing: 0.01em;\n  }\n  .calling-person.blog_cta .call-chat a:hover {\n    transform: translateY(-2px);\n    background: linear-gradient(135deg, #753dee 0%, #385bfb 100%);\n    box-shadow: 0 14px 32px rgba(117,61,238,0.55);\n    color: #ffffff;\n  }\n  .calling-person.blog_cta .call-chat a img {\n    filter: drop-shadow(0 2px 4px rgba(0,0,0,0.25));\n  }\n\n  @media (max-width: 640px) {\n    .calling-person.blog_cta { padding: 24px 22px; }\n    .calling-person.blog_cta .user-online img { width: 72px; height: 72px; }\n    .calling-person.blog_cta .user-online::after { width: 13px; height: 13px; bottom: 4px; right: 4px; }\n    .calling-person.blog_cta .user-online-details h2 { font-size: 1.15rem; }\n    .calling-person.blog_cta .call-chat { justify-content: center !important; margin-top: 20px; }\n    .calling-person.blog_cta .call-chat a { width: 100%; justify-content: center; }\n  }\n<\/style>\n\n<div class=\"es-cta-wrap\">\n  <h2>Talk To Expert<\/h2>\n  <div class=\"calling-person blog_cta my-4\">\n    <div class=\"row\">\n      <div class=\"col-xs-12 col-sm-12 col-md-12 col-lg-12\">\n        <div class=\"d-flex flex-nowrap\">\n          <div class=\"user-online\">\n            <img decoding=\"async\" src=\"data:image\/svg+xml;utf8,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%20120%20120'%3E%3Cdefs%3E%3ClinearGradient%20id='bg'%20x1='0'%20y1='0'%20x2='1'%20y2='1'%3E%3Cstop%20offset='0'%20stop-color='%23e8ecfb'\/%3E%3Cstop%20offset='1'%20stop-color='%23c9d3f4'\/%3E%3C\/linearGradient%3E%3ClinearGradient%20id='suit'%20x1='0'%20y1='0'%20x2='0'%20y2='1'%3E%3Cstop%20offset='0'%20stop-color='%231e2e7e'\/%3E%3Cstop%20offset='1'%20stop-color='%23111c45'\/%3E%3C\/linearGradient%3E%3ClinearGradient%20id='shirt'%20x1='0'%20y1='0'%20x2='0'%20y2='1'%3E%3Cstop%20offset='0'%20stop-color='%23ffffff'\/%3E%3Cstop%20offset='1'%20stop-color='%23e5eaf4'\/%3E%3C\/linearGradient%3E%3ClinearGradient%20id='tie'%20x1='0'%20y1='0'%20x2='0'%20y2='1'%3E%3Cstop%20offset='0'%20stop-color='%23753dee'\/%3E%3Cstop%20offset='1'%20stop-color='%235a2ec4'\/%3E%3C\/linearGradient%3E%3ClinearGradient%20id='skin'%20x1='0'%20y1='0'%20x2='0'%20y2='1'%3E%3Cstop%20offset='0'%20stop-color='%23f2d4b8'\/%3E%3Cstop%20offset='1'%20stop-color='%23d9b18e'\/%3E%3C\/linearGradient%3E%3ClinearGradient%20id='hair'%20x1='0'%20y1='0'%20x2='0'%20y2='1'%3E%3Cstop%20offset='0'%20stop-color='%23453629'\/%3E%3Cstop%20offset='1'%20stop-color='%232a1e14'\/%3E%3C\/linearGradient%3E%3C\/defs%3E%3C!--%20Background%20circle%20--%3E%3Ccircle%20cx='60'%20cy='60'%20r='60'%20fill='url(%23bg)'\/%3E%3C!--%20Suit%20shoulders%20--%3E%3Cpath%20d='M12%20120%20Q12%2092%2034%2082%20L46%2078%20Q60%2096%2074%2078%20L86%2082%20Q108%2092%20108%20120%20Z'%20fill='url(%23suit)'\/%3E%3C!--%20Suit%20lapels%20--%3E%3Cpath%20d='M46%2078%20L60%2092%20L56%20108%20L44%2096%20Z'%20fill='%230d1638'\/%3E%3Cpath%20d='M74%2078%20L60%2092%20L64%20108%20L76%2096%20Z'%20fill='%230d1638'\/%3E%3C!--%20Shirt%20collar%20V%20--%3E%3Cpath%20d='M52%2076%20L60%2090%20L68%2076%20L64%2092%20L60%2096%20L56%2092%20Z'%20fill='url(%23shirt)'\/%3E%3C!--%20Tie%20--%3E%3Cpath%20d='M58%2090%20L62%2090%20L64%2096%20L62%20118%20L58%20118%20L56%2096%20Z'%20fill='url(%23tie)'\/%3E%3Cpath%20d='M57%2090%20L63%2090%20L63.5%2094%20L56.5%2094%20Z'%20fill='%234a1f9a'%20opacity='.6'\/%3E%3C!--%20Neck%20--%3E%3Cpath%20d='M52%2068%20L52%2080%20Q60%2086%2068%2080%20L68%2068%20Z'%20fill='url(%23skin)'\/%3E%3Cpath%20d='M52%2076%20Q60%2082%2068%2076%20L68%2080%20Q60%2086%2052%2080%20Z'%20fill='%23c99a76'%20opacity='.35'\/%3E%3C!--%20Head%20--%3E%3Cellipse%20cx='60'%20cy='52'%20rx='19'%20ry='22'%20fill='url(%23skin)'\/%3E%3C!--%20Hair%20--%3E%3Cpath%20d='M41%2048%20Q40%2030%2060%2028%20Q80%2030%2079%2048%20Q78%2040%2072%2038%20Q65%2042%2054%2040%20Q46%2040%2042%2044%20Z'%20fill='url(%23hair)'\/%3E%3C!--%20Ear%20hint%20--%3E%3Cellipse%20cx='42'%20cy='54'%20rx='2.5'%20ry='4'%20fill='%23d9b18e'\/%3E%3Cellipse%20cx='78'%20cy='54'%20rx='2.5'%20ry='4'%20fill='%23d9b18e'\/%3E%3C!--%20Subtle%20face%20shadow%20for%20depth%20--%3E%3Cellipse%20cx='60'%20cy='62'%20rx='16'%20ry='5'%20fill='%23c99a76'%20opacity='.15'\/%3E%3C!--%20Eyebrows%20--%3E%3Cpath%20d='M50%2050%20Q54%2048%2058%2050'%20stroke='%23453629'%20stroke-width='1.5'%20fill='none'%20stroke-linecap='round'\/%3E%3Cpath%20d='M62%2050%20Q66%2048%2070%2050'%20stroke='%23453629'%20stroke-width='1.5'%20fill='none'%20stroke-linecap='round'\/%3E%3C!--%20Eyes%20(subtle)%20--%3E%3Cellipse%20cx='54'%20cy='54'%20rx='1.5'%20ry='1.8'%20fill='%23111c45'\/%3E%3Cellipse%20cx='66'%20cy='54'%20rx='1.5'%20ry='1.8'%20fill='%23111c45'\/%3E%3C!--%20Nose%20bridge%20subtle%20--%3E%3Cpath%20d='M60%2055%20Q59%2060%2060%2063'%20stroke='%23c99a76'%20stroke-width='1'%20fill='none'%20opacity='.5'\/%3E%3C!--%20Mouth%20(professional%20slight%20smile)%20--%3E%3Cpath%20d='M55%2066%20Q60%2068%2065%2066'%20stroke='%238b5a3c'%20stroke-width='1.3'%20fill='none'%20stroke-linecap='round'\/%3E%3C\/svg%3E\" alt=\"Enterslice Expert Advisor\"\/>\n          <\/div>\n          <div class=\"user-online-details ms-3 align-self-center\">\n            <h2 class=\"text-white mt-0\">Need Help? Contact Our Enterslice Experts Today.<\/h2>\n            <p class=\"mt-3\">\n              <i class=\"fa fa-star\"><\/i>\n              <i class=\"fa fa-star\"><\/i>\n              <i class=\"fa fa-star\"><\/i>\n              <i class=\"fa fa-star\"><\/i>\n              <i class=\"fa fa-star-half-full\"><\/i>\n              <span class=\"ms-2 text-white\">(4.8) 15,000+ clients served<\/span>\n            <\/p>\n          <\/div>\n        <\/div>\n      <\/div>\n      <div class=\"col-xs-12 col-sm-12 col-md-12 col-lg-8 mx-auto\">\n        <div class=\"d-flex justify-content-between call-chat\">\n            <a href=\"https:\/\/api.whatsapp.com\/send?phone=+16292766228&amp;text=Hi,%20I%20am%20Looking%20For%20Company%20Registration%20in%20Turkey.\" target=\"_blank\" rel=\"noopener\" class=\"es-wa-btn\" aria-label=\"Connect with Enterslice on WhatsApp\">\n      <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 32 32\" fill=\"currentColor\">\n        <path d=\"M16 3a13 13 0 00-11.3 19.4L3 29l6.9-1.7A13 13 0 1016 3zm0 23.6a10.6 10.6 0 01-5.4-1.5l-.4-.2-4 1 1-3.9-.2-.4a10.6 10.6 0 1119 5 10.6 10.6 0 01-10 0zm5.8-7.9c-.3-.2-1.9-.9-2.2-1s-.5-.2-.7.2-.8 1-1 1.2-.4.2-.7 0a8.6 8.6 0 01-2.5-1.6 9.5 9.5 0 01-1.8-2.2c-.2-.3 0-.5.1-.6l.5-.6a2 2 0 00.3-.5.6.6 0 000-.5c0-.2-.7-1.7-1-2.3s-.5-.5-.7-.5h-.6a1.2 1.2 0 00-.8.4 3.5 3.5 0 00-1.1 2.6 6 6 0 001.3 3.2 13.8 13.8 0 005.3 4.7c.7.3 1.3.5 1.8.7a4.3 4.3 0 002 .1 3.3 3.3 0 002.1-1.5 2.6 2.6 0 00.2-1.5c-.1-.1-.3-.2-.6-.4z\"><\/path>\n      <\/svg>\n      Connect with ENTERSLICE Today\n    <\/a>\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Steps in Incorporation:<\/h2>\n\n\n\n<p>These are the following steps for <strong><a href=\"https:\/\/enterslice.com\/tr\/company-registration-in-turkey\">company registration in Turkey<\/a><\/strong>&ndash;<\/p>\n\n\n\n<ul>\n<li>Application for a name which is apt.<\/li>\n\n\n\n<li>Preparation of a detailed business plan, the filing of incorporation documents.<\/li>\n\n\n\n<li>Finding out a Turkey business address for other important purposes.<\/li>\n\n\n\n<li>Notarizing the documents in Public courts.<\/li>\n\n\n\n<li>Generation of Incorporation Certificate, upon successful filing within a week&rsquo;s time.<\/li>\n\n\n\n<li>Getting the necessary approvals done from Turkish Trade Registry.<\/li>\n\n\n\n<li>Fulfilling the Tax registration done by Tax Office &amp; Social Security Administration of the company&rsquo;s incorporation.<\/li>\n\n\n\n<li>Opening of Bank Account by arranging all sorts of required documentation<\/li>\n\n\n\n<li>Obtaining the necessary business license or registration certificate to operate freely from the relevant industry.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Turkey Free Zones:<\/h2>\n\n\n\n<p>Turkey boasts of 21 free export processing zones, offering export-oriented <a href=\"https:\/\/enterslice.com\/learning\/foreign-company-compliance-in-india\/\">foreign company<\/a>&rsquo;s indefinite tax exemption. It enjoys<\/p>\n\n\n\n<ul>\n<li>No withholding tax on repatriation of funds<\/li>\n\n\n\n<li>No corporate tax<\/li>\n\n\n\n<li>No Customs duties<\/li>\n\n\n\n<li>No VAT Duty<\/li>\n\n\n\n<li>No Income Tax<\/li>\n\n\n\n<li>Easy repatriation of capital &amp; profits<\/li>\n\n\n\n<li>Unrestricted Investment<\/li>\n\n\n\n<li>Access to foreign currency accounts<\/li>\n\n\n\n<li>Excellent export infrastructure<\/li>\n\n\n\n<li>Free circulation of goods<\/li>\n<\/ul>\n\n\n\n<p>Also, it has a customs union agreement with EU, allowing free movement of exported goods into EU market. Various incentives make it an easy economy to flourish.<strong>&nbsp;<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Tax Structure:<\/h2>\n\n\n\n<p><strong>It has relatively simple tax laws regulated by Turkish State Tax Authority:<\/strong><\/p>\n\n\n\n<ul>\n<li><a href=\"https:\/\/en.wikipedia.org\/wiki\/Corporate_tax\">Corporate Tax<\/a> rate is 20%<\/li>\n\n\n\n<li>Capital Gains of non-resident Turkish entities are taxable in turkey if the individual owning shows resident in a calendar<\/li>\n\n\n\n<li>Dividend received from non-resident subsidiaries are exempt in certain cases<\/li>\n\n\n\n<li>Standard VAT Rate is 18% with reduced tax rates as 8% &amp; 1%.<\/li>\n\n\n\n<li>Personal Income Tax ranges from 20 to 35% up to a certain level &amp; then 35% afterward.<\/li>\n<\/ul>\n\n\n\n<p>Turkey has embedded 76 taxation treaties with different nations &amp; Free trade agreements with around 22 countries. A Turkey company with a minimum share capital of at least 250000 Euros is eligible for the following tax benefits:<\/p>\n\n\n\n<ul>\n<li>Receiving partial exemption from corporate tax, up to 50%.<\/li>\n\n\n\n<li>Complete exemption from withholding tax for the first 10 years of incorporation.<\/li>\n<\/ul>\n\n\n\n<div style=\"text-align:center; margin: 30px 0;\">\n  <a href=\"https:\/\/api.whatsapp.com\/send?phone=+16292766228&amp;text=Hi,%20I%20am%20Looking%20For%20Company%20Registration%20in%20Turkey.\" style=\"\n       display: inline-block;\n       padding: 16px 36px;\n       background: linear-gradient(135deg, #1A73E8, #1558D6);\n       color: #ffffff;\n       text-decoration: none;\n       font-size: 18px;\n       font-weight: 600;\n       border-radius: 50px;\n       box-shadow: 0 6px 18px rgba(26, 115, 232, 0.35);\n       transition: all 0.3s ease;\n       letter-spacing: 0.5px;\n     \" onmouseover=\"this.style.transform='translateY(-3px)'; this.style.boxShadow='0 10px 24px rgba(26,115,232,0.45)'\" onmouseout=\"this.style.transform='translateY(0)'; this.style.boxShadow='0 6px 18px rgba(26,115,232,0.35)'\">\nGet Enterslice Free Consultation.<\/a>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Compliance:<\/h2>\n\n\n\n<ul>\n<li>Listed Entities must be audited by an independent audit company &amp; prepare an audit report half yearly.<\/li>\n\n\n\n<li>Every Company must lodge Annual Return confirming relevant details to Public Register. The annual statutory obligation must be complied by filing details to Turkish Trade Registry.<\/li>\n\n\n\n<li>It boasts of a strong legal support system which settles contracts &amp; disputes in a prompt manner<strong>.<\/strong><strong>&nbsp;<\/strong><\/li>\n<\/ul>\n\n\n\n<p>All together Turkey has a liberalized investment economy with good taxation regime to put forth a business. Incentives are applicable for strategic ventures into developmental activities, large-scale investments.<\/p>\n\n\n\n<p><strong>Also Read:<\/strong> <a href=\"_wp_link_placeholder\" data-wplink-edit=\"true\">Procedure of Foreign Company Registration in India<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Turkish entity can be registered by a non-resident of any nationality. Thus it can be wholly foreign-owned also. Turkey is expected to be growing at full pace &amp; is the fastest growing economy in Europe. Its GDP has been increased threefold between 2002 to 2012. It boasts of as an institutionalized economy fueled by [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":89171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1322,2433],"tags":[1595,51,1564,1494],"acf":{"service_id":"168"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.6.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Company Formation in Turkey : Complete Guide &amp; Free Consultation<\/title>\n<meta name=\"description\" content=\"Learn the procedure for company formation in Turkey with ENTERSLICE. 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