How to Register a Company in Turkiye Successfully?

Starting a business in Turkiye can be an exciting venture, offering access to a vibrant market and strategic geographical location. However, the process to register a company in Turkiye involves navigating through various company types, procedures, and legal requirements

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Steps to Register a Company in Turkiye

Registering a company in Turkiye involves a meticulous process that begins with choosing the right business structure, such as a Limited Liability Company (LLC) or Joint Stock Company (JSC), tailored to your operational needs and strategic goals.

Our experienced Turkish accountants at Finlexia Accounting Firm provide comprehensive support throughout the entire registration journey, ensuring adherence to Turkish commercial laws and regulations.

From initial documentation preparation and company name reservation to finalizing statutory books and obtaining necessary licenses, we offer expert guidance at every stage. Our services extend to facilitating the opening of a Turkish bank account and obtaining a Tax Identification Number (TIN), essential for legal compliance.

By partnering with Finlexia Accounting Firm, you gain access to dedicated legal advisory services and meticulous attention to detail, ensuring a seamless and efficient company registration process in Turkiye.

Understanding Company Types in Turkiye:

Before diving into the company registration process, it is crucial to select the appropriate company type that best suits your business needs. In Turkiye, several types of companies are available, each with distinct characteristics:

Limited Liability Company (LLC): This is the most common form of company in Turkiye, offering limited liability protection to its shareholders. It requires a minimum share capital, and the liability of each shareholder is limited to their capital contribution.

Joint Stock Company (JSC): A JSC is suitable for larger businesses seeking to raise capital through the stock market. It requires a higher minimum share capital compared to an LLC and is governed by more stringent regulations.

Branch Office: If you already have an existing foreign company and wish to establish a presence in Turkiye, a branch office can be a suitable option. However, keep in mind that it does not constitute a separate legal entity from its parent company.

Liaison Office: A liaison office is established for non-commercial activities, such as market research, promotion, and communication. It is prohibited from conducting commercial activities.

Free Zone Company: A Turkish Free Trade Zone is a specially designed production site that aims at increasing export-oriented investment and production in Turkiye, accelerating the entry of foreign capital and technology into Turkiye. There are 19 Free Trade Zones in Turkiye and their annual trade volume increasing rapidly.

Company Registration Procedures:

Once you have decided on the company type, the registration process involves several steps:

Choose a Company Name: Select a unique and suitable name for your company that adheres to Turkish naming regulations.

Obtain Tax Identification Number (TIN): Before proceeding with the registration, all shareholders and directors must obtain a TIN from the local tax office.

Prepare Required Documents: Gather the necessary documents, which may include passport copies, address proof, articles of association, and a notarized signature circular.

Apply for Company Registration: Submit the required documents to the Trade Registry Office in the province where the company will be based.

Obtain Work Permits: Non-Turkish employees need to obtain work permits to work in Turkiye.

Essential Requirements to Register a Company in Turkv

To successfully open a company in Turkiye, you must meet certain requirements:

Minimum Share Capital: The amount of minimum share capital required varies depending on the company type. For example, an LLC typically requires a minimum share capital of 50,000 TL.

Shareholders and Directors: An LLC must have at least one shareholder and one director, while a JSC requires a minimum of five shareholders.

Legal Representative: If the shareholders are non-residents of Turkiye, the company must appoint a legal representative who is a Turkish resident.

Physical Address: The company must have a physical address in Turkiye where official documents can be served.

Summary of Registering a Company in Turkiye

Registering a company in Turkiye requires a thorough understanding of the various company types, procedures, and legal requirements. By following the steps outlined in this guide and seeking professional legal assistance, entrepreneurs can navigate the process effectively and establish a successful business in Turkiye.

Remember that Turkish laws and regulations are subject to change, so it is essential to stay updated with the latest guidelines from relevant authorities.

Contact us to Register a Company in Turkiye

We prioritize efficiency in preparing essential documentation, securing necessary approvals, and facilitating legal compliance to expedite your business launch. Contact Finlexia Accounting Firm today to schedule a consultation with our experienced professionals and embark confidently on your entrepreneurial journey in Turkiye.

Let us empower your business ambitions with our trusted expertise and commitment to excellence.