Registration of a company in Turkey and its zero to one hundred steps is necessary for foreigners who intend to invest in Turkey to know. As a citizen of another country in Turkey, if you want to start a business and business activities in Turkey, such as opening a restaurant, opening a hairdresser, starting a production, etc., it is necessary to take any action before First, know the steps and costs of registering a company in Turkey, then proceed to do so.

Of course, registering a brand in Turkey is completely different from Iran, which means that in fact you have more legal responsibilities in Turkey, especially when you want to liquidate the company. This is not easily possible and has complex legal procedures. Is more.

Company registration in Turkey

Knowledge of Turkish trade law and foreign investor law is essential for anyone looking to start a company. In addition to the advantages of registering a company in Turkey, it is necessary for you to be familiar with its disadvantages.

In some cases, and under certain circumstances, following the opening of a company in this country, you can apply for residency with your family at the same time. Being among the countries with dynamic and growing economies has made Turkey a place for foreign investors to invest.

According to statistics, the Turkish economy is among the top 20 economies in the world. If you are looking to immigrate to Turkey, you should know that you have chosen a safe place to invest.

The support of the Turkish government for foreign investors and the provision of appropriate facilities and in many areas the reduction of foreign investor taxes can provide a good basis for foreigners to invest in Turkey.

Company registration rules in Turkey for foreign nationals

The last changes that have taken place in this field are related to the year 1382. According to the law, contrary to the previous practice, foreign nationals could register a brand if they had a partner who was a Turkish citizen, while in the new law, foreign nationals can apply alone. Participate in the establishment, without the need for a Turkish partner.

This means that a foreign subsidiary can register a company in Turkey that is 100% owned by itself.

Companies registered in Turkey under the laws of this country can operate according to their specific letter and earn income. Turkey is a very law-abiding, orderly and precise country in the field of legal and registration affairs. For this reason, it is very strict in enforcing legal regulations and deals with people who do not comply with these laws without any concessions.

If you have reached a final decision in the field of brand registration and investment in Turkey, it is definitely recommended that you seek the help of trusted legal advisors familiar with legal and registration issues in Turkey who can help you in this field in a limited time and without To help and guide you to pay exorbitant fees.

How long does it take to register a company in Turkey?

This question may arise for you, how much time do you need to start a company in Turkey? It should be noted that you do not need to spend a lot of time if you are familiar with the routine and steps.

The maximum time for limited liability companies in Turkey is 3 working days, while the time is different for public limited companies and the time and steps depend on the approval of the Turkish Ministry of Industry and Trade.

This means that this time can vary from 5 to 30 days. Of course, what you need to pay attention to is knowing where to go to do this and what documents you need to bring with you, because in many cases it is a waste of time and money. Lack of knowledge of the administrative system and work process of establishing a company in Turkey.

The first step is to register a company in Turkey

The first step is to determine what kind of company you intend to open because companies in Turkey are divided into three types:

Register a personal company

Registration of a limited liability company

Registration of a cooperative company in Turkey

Obtaining residence by registering a company in Turkey

Of course, it is necessary to keep in mind that in order to register a company, it is not necessary to have a long-term residence in Turkey, ie you can live outside of Turkey, but in Turkey you have a company that is established and operating.

After all the steps and formalities of the company, you can take the necessary steps to obtain a work permit in Turkey for yourself and then refuse insurance for yourself.

Rejection of insurance is important in the sense that you can apply for permanent residence in Turkey after 5 years and then obtain Turkish citizenship (brand registration and residence). Keep in mind that zero to one hundred brand registrations take between 5 to 10 business days.

Tips on registering a company in Turkey and obtaining a residence permit in Turkey

Of course, it is necessary to mention that if you intend to stay in this country along with registering the brand, your capital must be at least 100,000 Turkish lira.

Of course, the value of each share can not be less than 25 Turkish lira. In the meantime, you must have 25% of the mentioned amount in your account in the steps of doing the work, but after these steps and receiving the official newspaper, you can withdraw those amounts.

Company registration process in Turkey

Official Turkish translation of all company partners and approval of translations at the Civil Registry Office

Adjust the company’s articles of association based on the type of company you intend to register in Turkey.

Hiring a chartered accountant in Turkey (According to Turkish law, hiring a chartered accountant is a basic requirement for the company’s financial and administrative affairs. Depending on the type of company, you can use inexperienced or experienced accountants in Turkey).

Filling in the forms for establishing a company

Get a tax code for all shareholders of the company from the Tax Office in Turkey

Fill in the forms of the Chamber of Commerce

Set up forms for announcing the company’s address in the Chamber of Commerce

Get a business card for the company

Official registration of the signature of the CEO in the Registry Office

Approving the articles of association of the company in the document registration office

Opening an account in the name of a company in a Turkish bank

Deposit a percentage of the capital, which is usually a quarter, to the company’s account, which has already been declared as the company’s official account.

Print company profile in official Turkish newspapers

Arranging a company lease

Announcement and publication in the official newspaper in Turkey

Print the official newspaper of the company

Confirmation of your declared address by the tax and property officer

Approval of the company’s accounting offices

Prepare the economic code of the company

Necessary documents to register a company in Turkey

At least two 4 * 3 color photos with a light background

Original passport of all partners (passport validity should not be less than 6 months)

Determine the amount of shares of each partner

Specify the subject of the company’s activity

Specify the address, postal code and telephone number of the company

Select multiple names for the company (specify at least 5 names)

Appoint the members of the board of directors and the managing director and determine the person who has the right to sign

Granting power of attorney to perform company registration tasks

The minimum declared capital should not be more than 10,000 Rials for starting work, which will be about a quarter of the amount in the account of the blocking company for one month.

Types of company registration in Turkey

As mentioned above, registering a company for Iranians is completely different from Iran. In Turkey, most Iranians set up limited liability companies. For example, in Turkey there are some companies that as international companies are not subject to the laws of the Republic of Turkey, while in Iran no foreign company can start operating except under Iranian law.

Limited Liability Company (Limited / LS) This company can be registered in Turkey with a minimum of two people and a maximum of 50 partners (of course, according to the new rules of registration of a limited liability company in Turkey, even with one shareholder can work To begin).

These shareholders can be natural or legal persons. And be wholly foreign nationals or citizens of Turkey. Of course, it should be noted that the person that the shareholders choose as the manager of the company can be either a shareholder or someone other than the shareholders.

In fact, this part of the work is determined according to the company’s articles of association. The minimum capital to be able to register your company is 10,000 Turkish lira. And all official work related to the company must be done in the official office.

Shareholders of Limited Liability Company (Limited / LS)

The liability of the shareholders in a limited liability company (Limited / LS) is determined according to the amount of capital they have announced. Therefore, this means that the amount of responsibilities in this type of company is not considered equal and the amount of liability in debts or even taxes to be paid based on the amount of their shares in the company is specified. Becomes.

Of course, any transfer must be registered in the notary and also approved by 3/4 of the members and shareholders. Share capital in limited liability companies If you are a foreign national who wants to register a company, the following assets can be declared as your capital for investment:

equipment and machinery

Non-cash instruments and goods with financial value

Non-financial assets such as patents; Brand and.

Rights to exploit natural resources

Interest on foreign loans or interest on bank loans

Company stocks

Articles of Association of Limited Liability Company (Limited / LS)

The following items must be mentioned in detail in the company’s articles of association.

Company Name

Company activities

The amount of company capital

Number of company shareholders

Name of company shareholders

The amount of capital pledged by each shareholder

Duration of the company

How to announce company announcements

CEO

Company inspector (if the number of shareholders is more than 20)

Liquidation of Limited Liability Company (Limited / LS)

If you have registered a company in Turkey but could not operate for any reason, you should know how you can dissolve the company? In order to be able to liquidate a limited liability company (Limited / LS), you must pay attention to the following points.

Decided to dissolve the company at the shareholders’ meeting

Expiration of the period stated in the articles of association

Submit a request for liquidation of the company to the court

The court decision is based on the request of the shareholders

You should also keep in mind that if the following things happened to you during the work, you should submit the request for liquidation of the company to the relevant authorities.

Reduce the number of shareholders to less than 2

Loss of 2/3 of the initial capital

The reasons given in the articles of association as the reason for dissolution.

Bankruptcy of the company

The liquidation of the company must be done by legal authorities and the time required can vary between 12 to 18 months. Of course, it should be noted that all tax matters must be settled during the period.

Cost of a Turkish Certified Public Accountant Hiring an accountant is required to start any company with any type of activity. The cost of a certified public accountant in Turkey depends on the size of the company. The minimum wage of a chartered accountant in Turkey is $ 400 per month.

Registration of companies in free trade zones of Turkey

These types of companies can be considered as industrial companies operating in industrial estates in Turkey. In these settlements foreign investors intend to invest in Turkey

For example, they are subject to tax exemptions for a long time or the government pays employees’ insurance for a long time.

Of course, it should be noted that this type of company is used for import, such as production and export, that is, in fact, the company’s services should lead to the production of goods and exports should be done in the name of Turkey. Renting a place To register a brand at the time of this step, it is necessary for you to announce a specified address as the address of your company and place of work.

Things to keep in mind

Keep in mind that you do not have to consider an office or business unit as your company location, but you can rent a desk from a company or your home address as your workplace. Announce that in Turkey it is called home office.

It should be noted that at the time of registration you must pay a quarter of the rent you have to pay on a monthly basis to the Turkish Tax and Property Office as tax. Income tax in Turkey Income tax in Turkey is equal to 20% of the annual net profit of the company that must be paid.

Familiarity with company registration rules

To register a brand, study and review the laws of Turkey, knowledge of Turkish trade law and study of foreign investment law in Turkey, is a priority for applicants to immigrate to Turkey. Investing in Turkey after registering a company under certain conditions will lead to residency. However, having a residence permit in Turkey does not have many benefits for the applicant for permanent residence or Turkish citizenship.

Turkey is one of the second largest sending countries in Europe. Turkey’s location in the dynamic economies sector has made it a destination for foreign direct investment.

The cost of official offices and its sealing in Turkish assets The cost of official offices and its sealing in the Turkish Treasury is about $ 450 per year, which you have to pay to the Turkish government.

Company registration in European regions of Turkey

In order to register this type of company, a person registers a trading company in Turkey. In this type of company, you can do any kind of activity within the framework of the Turkish Constitution.

In this case, you have to hire at least two employees and insure them. Open a bank account for your company in Turkey and through the company you can obtain a residence permit in Turkey in the shortest time for yourself and your family.

Private / Public Joint Stock Company

In order to be able to establish a special stock company, you need at least 5 natural or legal persons. Each partner is responsible for the company’s income as well as the company’s debts to the extent of their share in the company.

In fact, the amount of shares must be specified in the company and each partner can have as many shares as he can. If you have set up a special joint stock company, the general meetings of your company must be held in the presence of representatives from the Turkish Ministry of Commerce.

Types of joint stock companies in Turkey

Private Joint Stock Company: The number of shareholders in private joint stock companies in Turkey must be less than 250.

Public Joint Stock Company: The number of shareholders in public joint stock companies in Turkey should be more than 250.

Joint venture in Turkey

A joint venture in Turkey consists of one or more partners and each partner is liable for the company’s debts based on their share. Legal entities cannot be partners and shareholders in a joint venture in Turkey.

Financial institutions (exchange)

If you are looking to establish a financial institution, you can establish it in the form of a joint stock company. Of course, it should be noted that if you are looking to establish financial institutions in Turkey, you must obtain the necessary permits from the relevant organizations in Turkey before doing anything. If the applicants apply, the necessary cooperation will be done.

Company registration fees in Turkey

If you are looking to register a company, in addition to the cost of registering a company; Have enough information about the current costs of registering a company.

Expenses of official offices and its sealing in Turkish assets

The cost of official offices and its closure in the Turkish Treasury is about $ 450 per year, which you have to pay to the Turkish government.

Benefits of registering a company in Turkey

Obtaining work residence in Turkey for yourself and your family members

Low company registration costs

Opening a bank account in Turkey in the name of the company

Ability to trade with European countries

You alone can own 100% of the company

It is not necessary to have a partner.

The cost of hiring an accountant is very low.

Income tax is levied and if your company has a low income, you will have to pay the same amount of lower tax.

 They can buy land at a very low price. In addition, the government provides them with a lot of facilities.