“This page is constantly updated for all developments of the Turkish Chamber of Commerce for the year 2020 the last update of the page 21,April, 2021“
Establishing a company in Turkey
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Steps to establish a company in Turkey 2020 with all the details and procedures
Learn how to set up a company in Turkey 2020 and all the necessary legal information, developments in the Turkish Chamber of Commerce and the documents necessary to start establishing a company in Turkey in the right way on a sound basis.
Page content
1. The documents and papers necessary for establishing a company in Turkey
2. Basic company information
3. Starting the procedures for establishing the company
4. Signature authorization
5. The bank account of the company
6. Advantages of establishing a company in Turkey through us
7. Types of companies in Turkey
8. Company incorporation prices in Turkey
1. The documents and papers necessary for establishing a company in Turkey
The investor is required a valid passport and tax number, among our company’s tasks is to translate the passport and document it from the Turkish notary and obtain the tax number.
2. Basic company information
It is in determining the basic company data found within the founding contract that will be provided to the Turkish Chamber of Commerce and this information as follows :
Shareholders: It must be determined if the company is for one or more people..
Company directors: the company can have more than one director and this manager can be from the partners and it can be from outside the founding shareholders.
Company name: A company name must be chosen before starting the establishment procedures to ensure that it is not already used.
The company’s capital: Determining the capital of the company is one of the basic conditions for establishing the company and the amount of capital is up to you to choose, knowing that the lowest capital that can be established by a company is 10 thousand TL and the company’s capital is not related to taxes and there is no condition for depositing the capital before incorporation.
Company address: Any company that is established in Turkey must have a specific address in case you have a specific address that you want to establish the company with. You can use it directly and write it in the founding contract. In case you do not have an address yet you can use a default address for the company and this procedure is legal in Turkey and most recently invested in Turkey use the default address to start their business.
Company activities: It means the activities that the company will undertake, and more than one event can be written within the company’s articles of association, depending on your desire to work and the activities that you will undertake.
Legal Accountant: Every company established in Turkey must have a chartered accountant whose mission lies in linking the company’s relations with the tax room, the chamber of commerce and the social security room and submits the company’s information and bills etc. to the competent authorities through a specific system that is given to it by the official authorities Turkish.
3. Starting the procedures of establishing the company
After determining all the previous information, the procedures for establishing the company are started, writing the articles of incorporation and submitting it to the Turkish Chamber of Commerce
To obtain the company’s commercial record, accounting books and other official papers.
4. Approval of the signature
After the commercial record is issued, the manager of the company can approve his signature with the Turkish notary and this signature will be approved in all Turkish government departments.
5. The bank account of the company
After extracting the commercial registry and completing the signature approval, the manager of the company can open a bank account for the company and the bank does not require any amount of capital to be opened to open the account, in which case the incorporation procedures have been completed and the company is ready to work in any of the activities mentioned in the founding contract.
Advantages of establishing a company in Turkey through our company :
When you choose to establish your company in Turkey, you will get the following advantages:
Chamber of Commerce Membership
When establishing the company, you can obtain a merchant member card presented by the Turkish Chamber of Commerce, which will provide you with special offers from some Turkish companies and laboratories, and our team will present the request to you.
Official accounting books
The legal accountant in our company will supply the company’s books for accounting matters and they will be provided to you free of charge upon establishment, bearing in mind that these books are renewed annually by the company’s accountant
Company default address
Our virtual address provided by our company helps you complete the procedures for establishing your company and starting your business in Turkey in case you do not have a physical address for the company and you can transfer the address at any time you want
A private bank account for you and your company
After obtaining all the company’s official papers, our team will assist you with the procedures for opening a private bank account for you and your company
Complete the required documents
You can count on our team to prepare all the necessary papers to establish your company after taking the required information from you and sending it to the official authorities to start establishing your company.
Notarized translation services
Our team includes translators who are fluent in Arabic, English and Turkish to help you understand all the details related to the establishment of the company and how to start work
Certified signature
After obtaining the company’s commercial registration, our team will assist you in preparing the signature of the company manager who will be accredited in all Turkish official departments
Free consultations
Our company has, within its team, financial advisors who are able to answer all your inquiries before and after starting work and this service is free for you for an unlimited period
Types of companies that are in Turkey
Any non-Turkish person can establish a company in Turkey and the Turkish state allows foreigners to open any type of company on its soil.
Companies in Turkey are divided as follows:
1 – The shareholding company :
The basic condition for establishing this type of company is the presence of five real people with a capital of 50,000 TL as a minimum and the capital is divided into shares and the responsibility of shareholders is limited to the capital involved.
2 – Limited Liability Company :
It is the most chosen type by investors because it is suitable for many commercial and industrial activities and the company is established by at least one person and the shareholders’ responsibility is limited to the capital it participates and the minimum capital is 10,000 TL.
3 – The personal company :
Such companies are established to operate a specific business venture, and the responsibility of shareholders is limited to the capital paid by them, and the rights and obligations of shareholders are defined through the articles of association.
4 – ordering company :
Such companies are established to operate a commercial project under a specific name, and the responsibility of shareholders is limited to the written and paid-up capital from them. There are no limits on responsibility for some shareholders, and their rights and obligations are determined through the basic incorporation contract.
Find out the prices of establishing a company in Turkey
Through the best legal advisors in Turkey
- The capital of the company is 300,000
- Number of partners 2
- Number of managers 1
- The number of events 5
- Free virtual address for 3 months
- Establishing the company within two working days
- Accounting books for the first year for free
- Company activity sheet in Turkish and English
- Unlimited counseling
- Merchant card
- One-year free COM.TR Domain
- Free website hosting for one year
- Business Card Number (1000)
- The capital of the company is 100,000
- Number of partners 1
- Number of managers 1
- The number of events 5
- Establishing the company within two working days
- Accounting books for the first year for free
- Company activity sheet in Turkish and English
- Unlimited counseling
- Merchant card
- The capital of the company is 500,000
- Number of partners 3
- Number of managers 2
- The number of events 5
- One year free virtual address
- Establishing the company within two working days
- Accounting books for the first year for free
- Company activity sheet in Turkish and English
- Unlimited counseling
- Merchant card
- Two-year free domain. com.TR
- Free website hosting for two years
- Business Card number (1500)
