Business Setup & Company Formation
Financial Services
Audit and Compliance Services
Advisory and Consultancy Services
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Company Formation in Türkiye
Establishing a company in Turkey involves several detailed steps. Here is a comprehensive guide to help you navigate the process efficiently and professionally:
Establishing a Company in Turkey:
A Step-by-Step Guide to Setting Up Your Business
1
Selecting a Business Name
Begin by choosing a unique and compliant business name that meets Turkish naming conventions and is approved by the Trade Registry Office.
2
Choosing Your Company Type
Decide on the appropriate company structure for your business needs. Options include Limited Liability Company (LLC), Joint Stock Company (JSC), Branch Office, or Liaison Office.
3
Choosing an Address for Your Business
We assist you in selecting the right location or arranging a virtual office. A real address within Turkish territory is required. If you do not have a physical address, our virtual address service is available.
4
Specifying the Number of Partners
Determine the number of partners involved in your company.
5
Defining Your Commercial Activities
Clearly outline the types of commercial activities your company will undertake. The number of activities specified can affect establishment costs.
6
Specifying the Capital of Your Company
Define the capital allocation for your company.
7
Drafting the Articles of Association (AoA)
Our team will prepare the AoA, detailing the company’s structure, scope of activities, share capital, and the rights and obligations of shareholders.
8
Obtaining a Tax Identification Number
We will visit the local tax office to secure your company's tax identification number.
9
Opening a Bank Account
We will open a bank account and assist in depositing the required capital.
10
Gathering Required Documents
We will collect all necessary documentation, including identity documents of shareholders and directors, proof of address, notarized Articles of Association, tax ID numbers, and bank receipts of paid-in capital if applicable.
11
Notarization
We will notarize all collected documents to ensure their authenticity and compliance with legal standards.
12
Registering with the Trade Registry
We will submit the required documents to the Trade Registry Office to obtain your company's registration certificate.
13
Announcement in the Trade Registry Gazette
We will publish your company's establishment details in the official Turkish Trade Registry Gazette.
14
Registering with Social Security
We will register your company and employees with the Social Security Institution.
15
Obtaining Licenses and Permits
We will apply for the necessary licenses and permits for your business activities.
16
Setting Up Accounting
Establish a compliant accounting system and consider hiring a certified public accountant (CPA) for professional management.
17
Starting Operations
Once all approvals and registrations are complete, you can begin your business operations in Turkey.
Establishing a Company in Turkey:
A Step-by-Step Guide to Setting Up Your Business
1
Selecting a Business Name
Begin by choosing a unique and compliant business name that meets Turkish naming conventions and is approved by the Trade Registry Office.
2
Choosing Your Company Type
Decide on the appropriate company structure for your business needs. Options include Limited Liability Company (LLC), Joint Stock Company (JSC), Branch Office, or Liaison Office.
3
Choosing an Address for Your Business
We assist you in selecting the right location or arranging a virtual office. A real address within Turkish territory is required. If you do not have a physical address, our virtual address service is available.
4
Specifying the Number of Partners
Determine the number of partners involved in your company.
5
Defining Your Commercial Activities
Clearly outline the types of commercial activities your company will undertake. The number of activities specified can affect establishment costs.
6
Specifying the Capital of Your Company
Define the capital allocation for your company.
7
Drafting the Articles of Association (AoA)
Our team will prepare the AoA, detailing the company’s structure, scope of activities, share capital, and the rights and obligations of shareholders.
8
Obtaining a Tax Identification Number
We will visit the local tax office to secure your company's tax identification number.
9
Opening a Bank Account
We will open a bank account and assist in depositing the required capital.
10
Gathering Required Documents
We will collect all necessary documentation, including identity documents of shareholders and directors, proof of address, notarized Articles of Association, tax ID numbers, and bank receipts of paid-in capital if applicable.
11
Notarization
We will notarize all collected documents to ensure their authenticity and compliance with legal standards.
12
Registering with the Trade Registry
We will submit the required documents to the Trade Registry Office to obtain your company's registration certificate.
13
Announcement in the Trade Registry Gazette
We will publish your company's establishment details in the official Turkish Trade Registry Gazette.
14
Registering with Social Security
We will register your company and employees with the Social Security Institution.
15
Obtaining Licenses and Permits
We will apply for the necessary licenses and permits for your business activities.
16
Setting Up Accounting
Establish a compliant accounting system and consider hiring a certified public accountant (CPA) for professional management.
17
Starting Operations
Once all approvals and registrations are complete, you can begin your business operations in Turkey.
By following these steps, you can efficiently establish your business in Turkey with our professional support. Leverage our expertise to ensure a smooth and compliant setup process. Contact us today to start your journey toward business success in Turkey!