Company Registration in Turkey– An Overview

Aspect Details
Fees for Company Registration in Turkey The fees for company registration in Turkey start from $2999
Timeline for Online Business Registration in Turkey The timeline for online business registration in Turkey is-
  • 3-4 Days for Individual Shareholders
  • 7-8 Days for Legal Entity Shareholders
Benefits of Company Incorporation in Turkey The benefits of company registration in Turkey include the following:
  • Access to a Large and Growing Market
  • Increasing Foreign Direct Investment (FDI)
  • Improved International Standing
  • Government Support and Economic Reforms
  • 100% Foreign-ownership allowed
Types of Company Formation in Turkey Types of company formation in Turkey include the following:
  • Limited Liability Company (LTD- Limited Şirket in Turkish) (Highly Recommended)
  • Joint Stock Company (AS- Anonim Şirket)
  • Collective Company (Kollektif Şirket)
  • Branch Office
  • Limited Partnership (Komandit Şirket)
  • Cooperative (kooperatifler)
Documents needed for Turkey company registration Documents for Turkey company registration-
  • Articles of Association- 3 Notarized Copies and the Original
  • Signature Documents- 2 Notarized Copies
  • Foreign Shareholder Passports- 1 Notarized Copy Per Shareholder
  • Identification Documents of Managers- 2 Notarized Copies
  • Notarized Form of Establishment- 3 Notarized Copies
  • Proof of Depositing o.o4% of the Capital
  • Proof of Minimum Capital Contribution
  • Management Board Resolution
Top Businesses for Incorporation for Foreigners in Turkey Some of the Top Businesses for Incorporation for Foreigners in Turkey include the following:
  • Manufacturing and Export: The best sector in Turkey to invest in.
  • Real Estate and Construction.
  • Tourism and Hospitality: a profitable sector to invest in Turkey.
  • Information Technology and Startups.
  • Infrastructure and Transportation.
  • Textiles and Apparel.
  • Financial Services.
How can we help with the legal requirements for business incorporation in Turkey?
  • Assistance in selecting the most suitable company structure in Turkey
  • Comprehensive support for completing all necessary paperwork
  • Guidance for registration with Turkish tax authorities and the Trade Registry
  • Support in meeting tax and regulatory compliance requirements
  • Ongoing post-registration assistance

Your Turkish Business Journey Starts with Enterslice

Start your business in Turkey with Enterslice and access a thriving market at the crossroads of Europe and Asia.

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Business Setup in Turkey is Made Hassle-Free with Enterslice

Business setup in Turkey has never been easier with Enterslice’s expert guidance. Whether you’re looking to establish a Limited Liability Company (LTD), Joint Stock Company (AS), or another entity, we provide a smooth and efficient process. As you know, Turkey is known for its hospitable business environment, robust trade infrastructure, and strong consumer spending, global entrepreneurs love Turkey.

With our assistance, foreign entrepreneurs can quickly complete the requirements, including company registration, taxation, and the legal aspects of company registration in Turkey. We ensure that all formalities are completed seamlessly without needing your physical presence in Turkey for most steps.

You can also benefit from tax rates of 25% for most businesses and fast timelines for company registration in Turkey. With Enterslice, you can open your business in Turkey with minimal hassle and gain access to one of the most vibrant markets in the region.

100% Foreign Ownership

Minimum Share Capital from 10,000TL

Incorporation in 3-4 Days for Individuals

20% VAT, Reduced Rates for Specific Goods

LTD, Joint Stock, Collective, Partnership, Cooperative

Corporate tax 25%, Dividend tax 10%

Types of Structures for Company Registration in Turkey

Turkey offers various company formation options, catering to different business needs and scales. Whether you are setting up a small operation or a large corporation, there are multiple structures to choose for company registration in Turkey, each with its benefits.

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Limited Liability Company (Ltd- Limited Sirket in Turkish)

This is the most popular business form suitable for foreign enterprises. It requires at least one shareholder and a minimum capital of 10,000 TRY. Liability is limited to the invested shares, which can be publicly traded. It is the first choice of global investors.

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Joint Stock Company (AS- Anonim Sirket)

This type of company is ideal for more extensive operations. It requires a minimum share capital of 50,000 TRY. The company must have a board of directors, and once listed on the stock market, its shares can be publicly traded.

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Limited Partnership (Komandit Şirket)

A hybrid structure is one in which some partners have unlimited liability while others have liability. It is commonly used for investment ventures with a combination of financial investors and managing partners. It is a known structure for company registration in Turkey.

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Branch Office

It is a form of business structure for company registration in Turkey that allows foreign entrepreneurs to start and run their businesses in Turkey. It’s just an extension of a parent company. Its debts and obligations are managed by the parent company.

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Collective Company (Kollektif Şirket)

A business structure where all partners have unlimited liability for the company’s debts. This type is often used for small businesses where partners actively participate in management.

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Cooperative Company (kooperatifler)

Cooperatives are owned and controlled by members, who share profits based on their level of participation. Common industries such as agriculture, retail, and banking, cooperatives are ideal for businesses that benefit from mutual benefits.

Procedure for Online Business Registration in Turkey

Starting a business in Turkey involves a clear and structured process. Our experienced agents guide you through every step to ensure a smooth and compliant online business registration in Turkey, from selecting the proper business form to completing all required legal and financial steps.

Choose a Company Type & Name Reservation

Select the legal structure for your business and choose a unique company name. Check with the Turkish Trade Registry to ensure the name is available.

File Company Details Online

Our expert consultants at Enterslice will help you file the company's details online with the Istanbul Chamber of Commerce.

File Articles of Association

After that, our experts will help you file the Articles of Association of the company online as per the Turkish Law and get it approved.

Pay Registration Fees

Our experts will pay the official company registration fees to the Istanbul Chamber of Commerce on your behalf.

Registration Certificate from Istanbul Chamber of Commerce

The Istanbul Chamber of Commerce will issue a Turkey company registration certificate to empower your business dream.

Obtain Permits & Licenses

Depending on your business type, secure any additional permits or licenses required by local authorities, such as health, safety, or environmental permits.

Starting a business in Turkey can seem complex, but with Enterslice consultants by your side, the process becomes straightforward and hassle-free. Let us handle the details for company registration in Turkey while you focus on growing your business.

Time Required to Start a Business in Turkey

Start a business in Turkey with a step-by-step process, which can be completed efficiently with proper planning. Below is a simplified timeline for the key stages of company registration:

Initial Consulting – 1 Day

The first week is dedicated to understanding your business needs and outlining the steps to ensure smooth registration.

Document Preparation and Submission – 4-6 Days

This stage involves selecting the company type, preparing necessary documents, and submitting them to the Trade Registry for official registration.

Corporate Bank Account Approval – 1 Week

Opening a corporate bank account and securing approval from the bank is essential for making a capital deposit and taking further registration steps.

Engagement Completion – 3 Days

In the final week, we wrap up the registration process, ensuring all documents are in place and your business is fully operational.

Documents Needed for Turkey company registration

The documents required to register a company in Turkey vary based on whether the shareholders are individuals or companies. For individuals, two copies of their passports or IDs are required. Given below are the documents needed for Turkey company registration:

Articles of Association- 3 Notarized Copies and the Original

Foreign Shareholder Passports- 1 Notarized Copy Per Shareholder

Identification Documents of Managers- 2 Notarized Copies

Signature Documents- 2 Notarized Copies

Notarized Form of Establishment- 3 Notarized Copies

Proof of Minimum Capital Contribution

Proof of Depositing o.o4% of the Capital

Management Board Resolution

Tax Implications for Company Registration in Turkey

Turkey provides a conducive environment for overseas investment, although regulations are specific to certain sectors that must be considered. There are certain tax implications for company registration in Turkey. Foreign investors need to understand that some industries might necessitate special permits or have limitations on foreign ownership. Furthermore, certain professional services may only be accessible to Turkish nationals, and foreign companies face particular regulations regarding real estate purchases.

Significant tax considerations for foreign investors include a Corporate Income Tax rate of 25%, a 15% Dividend Withholding Tax (which can be lowered through double taxation treaties), and a 20% Value Added Tax (VAT), with reduced rates available for particular goods and services. It is essential to seek advice from legal and tax experts at Enterslice to ensure adherence to these regulations.

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Corporate Tax: 25%

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Dividend Tax: 15%

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VAT: 20%

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Foreign Ownership: Sector-dependent

Benefits of Company Incorporation in Turkey

Turkey provides a vibrant and hospitable atmosphere for international investors. It features several benefits of company incorporation in Turkey, including a developing economy, advantageous location, and supportive business regulations. The nation’s free trade zones, simplicity in conducting business, and robust foreign investment patterns make it an appealing choice for entrepreneurs seeking company registration in Turkey.

Booming Economy

Turkey is a rapidly growing economy that embraces global innovations. It ranks among the top 30 countries for protecting entrepreneurial investments. As of 2023, Turkey is the 17th largest economy in the world, with a GDP of $1.024 trillion, according to the IMF. It is a member of the OECD and G20 and is essential in providing official development assistance (ODA).

Turkish Free Trade Zone

Investors can register companies in Turkey’s Free Trade Zones, which offer many benefits, including tax incentives and government support. Companies in these zones can also repatriate funds to their home countries. Merit of company registration in Turkey entrepreneurs look out for.

Customs Union

Although Turkey is not an EU member, it is part of the EU's Customs Union. This provides Turkish goods with trade and tariff exemptions when dealing with the EU. It is one of the significant benefits of company incorporation in Turkey.

Foreign Direct Investment

Turkey is the leading recipient of foreign investment in Western Asia, with significant investments from countries like the UK, the USA, and India. The government has opened many sectors to foreign investment. It is one of the substantial merits of company registration in Turkey.

Ease of Doing Business

Starting a business in Turkey is simple. A company can be formed with just one shareholder and one director; the minimum capital required is EUR 3300. Investors don’t need to be physically present in Turkey to incorporate a company, making it easy to do business. It is an advantage for company registration in Turkey.

Transparency

Since the current scale was introduced in 2012, Turkey's score has fallen from its highest score of 50 (2013) to its lowest score of 34 (2023). When the 180 countries in the Index were ranked by their score (with the country perceived to be most honest ranked 1), Turkey ranked 115 in 2023. This means there is little government interference in the company registration process

Prerequisites for Business Setup in Turkey

Have a look at the prerequisites for business setup in Turkey-

  • Choose the Right Company Structure :- Decide between LLC (min. capital 10,000 TL) or JSC (min. capital 50,000 TL), ensuring compliance with Turkish regulations.
  • Prepare Essential Documents :- Collect notarised IDs or passports, Articles of Association, Certificates of Registration, tax IDs, and proof of address.
  • Open a Corporate Bank Account :- Set up a bank account in Turkey to deposit at least 25% of the required share capital before registration.
  • Register with the Trade Registry :- Submit all required documents to the Competition Authority, including the incorporation notification form and proof of payment.
  • Certify Company Books :- Have key business books like the ledger, journal, and meeting minutes books certificated by the trade registry directorate.
  • Tax and Social Security Registration :- Obtain a tax registration certificate and register with the Social Security Institution for employee coverage.

Top Industries & Businesses for Company Formation in Turkey

Turkey has a vibrant and varied economy that offers many chances for foreign entrepreneurs looking to start successful businesses. Here are the leading industries and opportunities for company formation in Turkey-

Top 10 Industries for Company Registration in Turkey

  • Automotive Industry
  • Chemical Industry
  • Defense and Aerospace
  • Energy Sector
  • Financial Services and Startups
  • Information and Communication Technology (ICT)
  • Infrastructure Development
  • Life Sciences
  • Logistics and Transportation
  • Machinery Manufacturing

Top 10 Businesses for Company Incorporation in Turkey

  • Automotive Manufacturing and Assembly
  • Chemical Production and Distribution
  • Defense Equipment Manufacturing
  • Renewable Energy Projects
  • Financial Technology (FinTech) Startups
  • Telecommunications Services
  • Construction and Infrastructure Development
  • Pharmaceutical Manufacturing
  • Logistics and Freight Forwarding Services
  • Industrial Machinery Production

Post-Incorporation Compliance for Company Formation in Turkey?

After registering a company in Turkey, businesses must meet specific post-incorporation compliance requirements to maintain legal standing. Company formation in Turkey includes tax registration, reporting obligations, and employee enrolment.

  • Tax Office Registration and Inspection
  • Beneficial Owner Declaration
  • Foreign Capital Notifications
  • Social Security Registration
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Why Trust Enterslice for Company Registration in Turkey?

Enterslice brings over a decade of expertise in facilitating company registration in Turkey. Our consultants provide tailored solutions to global entrepreneurs, ensuring a seamless business establishment process in this progressive market. Here’s why businesses trust Enterslice for company formation in Turkey:

  • Extensive Knowledge of Turkish Laws and Regulations.
  • Successfully Assisted 400+ Global Entrepreneurs with Company Registration in Turkey
  • Network of 10,000+ Professionals, including CAs, Lawyers, CS, CFOs, and Consultants
  • Outstanding Success Rate of 99% in Company Formation in Turkey
  • Comprehensive support for Compliance Management in Turkey
  • Industry-leading 30% Faster Turnaround Time than the Competitors
  • Saved over 15 Lakh Hours for Entrepreneurs Worldwide
  • Help you Meet Legal Requirements for Business Incorporation in Turkey
  • 24/7 Dedicated Support for a Hassle-free Process of Company Incorporation in Turkey
  • Ensure Tax-free Business Setup in Turkey

FAQs on Turkey Company Registration

Given below are the steps for company registration in Turkey-

  • Select a Company Type & Reserve a Name
  • File Company Details Online
  • File Articles of Association
  • Pay Registration Fees
  • Get a Registration Certificate from the Istanbul Chamber of Commerce
  • Obtain Permits and Licenses

 

Common business structures for company formation in Turkey include:

  • Limited Liability Company (LTD- Limited Şirket in Turkish) (Highly Recommended)
  • Joint Stock Company (AS- Anonim Şirket)
  • Branch Office
  • Collective Company (Kollektif Şirket)
  • Limited Partnership (Komandit Şirket)
  • Cooperative (kooperatifler)

The process, including planning, incorporation, and post-registration steps, typically take 1 week. However, it may extend due to regulatory delay. We recommend you connect with our consultants at Enterslice for your timely company registration in Turkey.

  • For an LLC, the minimum capital required is 10,000 Turkish Lira.
  • For a JSC, the minimum capital is 50,000 Turkish Lira.

Yes, after company registration in Turkey, foreign nationals can fully own a company in Turkey without restrictions, except for specific industries that may require local partnerships or have limitations on foreign ownership.

  • Corporate Income Tax: 25%
  • Dividend Withholding Tax: 15% (may be reduced under double taxation treaties)
  • VAT: Standard rate of 20%, with reduced rates for certain goods and services. Consulting with a tax expert is recommended to ensure compliance.

No, physical presence is not mandatory for online business registration in Turkey. You appoint a legal representative or a proxy to complete the registration process on your behalf.

  • Register with the tax office and obtain the tax identification number.
  • Filing annual financial statements and tax returns.
  • Maintaining legal books and records.
  • Social security registration for employees.
  • Filing notifications for foreign capital investments, if applicable.

Yes, Turkey company registration in Free trade zones offers several benefits, including:

  • Tax-Free Business Setup in Turkey.
  • Simplified customs procedures.
  • Repatriation of profits without restrictions.
  • Government incentives for manufacturing and export-oriented business.

Enterslice provides comprehensive support for company registration in Turkey, offering:

  • Expertise in Turkish legal and regulatory frameworks.
  • Assistance with pre- and post-registration compliance.
  • 24/7 dedicated support to streamline the incorporation process.
  • Proven track record with 400+ successful registrations and a 99% success rate.

We partner with more than 100+ companies

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