Cost of Company Formation in Turkey Explained

Finlexia lawyers are prepared to assist your company formation in Turkey and inform you of the cost of company formation in Turkey. Establishing a company in Turkey involves several costs that businesses need to consider.

These costs can vary depending on the type of company you want to establish and the services you require. At Finlexia Accounting Firm, we provide comprehensive assistance to help you understand and manage these costs effectively.

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We do provide company formation services in Turkey and provide other company governance services for foreign persons and companies.

We have a customs agency in our office building and many of our clients use their services to perform transit trade. We also provide company address services for foreign companies and our rates are very moderate.

Cost of Company Formation in Turkey

Moreover, we have established more than 260 companies for our foreign clients including Spain, UAE, Ukraine, Russia, UK, Morocco, Lebanon, Syria, S. Korea, Germany, Italy, Jordan, Vietnam, Poland, France, Pakistan, China, Hong Kong, USA, Malaysia, Iran, Portugal, Norway, Canada, Saudi Arabia, Iraq, and Kuwait.

How Many Days Needed to Form Company in Turkey?

We can form your company and open bank accounts and get online banking in 1-2 days if partners are in Turkey and the company formation process will be faster and cost less.

We can form your company remotely if you are not in Turkey, however, the setup process will be longer and cost more.

How to Establish a Company in Turkey?

According to the Turkish Commercial Code, a limited company (LLC) requires a minimum of one partner and it can be a legal entity or a real person, there can be a maximum of 50 shareholders. The partner/partners can be Turkish or foreign as well. Foreigners can own 100% of a company and transfer their profit out of Turkey without any problems.

The minimum required capital for a limited liability company is 50,000. -TL (Turkish lira). The capital of the company shall be paid in two years and up to four installments.

Company Formation Roadmap in Turkey

• Partners’ passport translation and notarization
• Obtaining tax id numbers for the partners
• Getting Power of Attorney from the partners for company formation before the Notary Public
• Determining and reserving the company title
• Signing a lease contract for the company address
• Preparing online company establishment procedures
• Filing company details at the Istanbul Chamber of Commerce online
• Filing company Articles of Incorporation online and getting it approved
• Filing all the documents at the Istanbul Chamber of Commerce and paying official company registration fees
• Obtaining a company registration certificate from the Istanbul Chamber of Commerce
• Getting signature circular notarized at Notary Public
• Giving Power of Attorney to an accountant on behalf of the company
• Opening company bank account

Cost of Company Formation in Turkey with One Partner

FEES AND EXPENSES	USD
Attorney fee for the registration of a new company	1,250
Opening a bank account	450
Tax Office registration	250
Accounting fees per month	250
Company address per month	50
Official company registration expenses (Notary expenses for Articles of Association and all other documents)	750

We Need the Following Documents for a Limited Company Formation

From Real Persons;

• 2 Translated and notarized passport copies
• 2 Passport photos
• Power of Attorney to us for incorporating the company from each shareholder

Reach us for the Cost of Company Formation in Turkey

Our Turkish lawyers are prepared to assist your company formation in Turkey. Our company formation lawyers are experienced in limited companies, joint stock companies, branch offices, liaison offices, and free trade zone company formation, management, and governance in Istanbul.

Finlexia is one of the leading law firms providing company formation services in Istanbul, Turkey. You may reach us for the cost of company formation in Turkey through our Contact page.