FOUNDING A COMPANY IN TURKEY
Investing and trading in Turkey is quite profitable. We have previously explained the details of investment opportunities and trade in Turkey in our article titled “Investing in Turkey“. So, is it easy to open a company in Turkey? How to open a company in Turkey? How much does it cost to open a company in Turkey? What documents are required to establish a company? Can non-Turkish citizens establish a company in Turkey? Is it possible to become a company partner in Turkey? Can a company be established without a work permit? How to set up a sole proprietorship in Turkey?
1-) IS IT EASY TO OPEN A COMPANY IN TURKEY?
It is extremely simple and easy to establish a company in Turkey. Company establishment procedures were accelerated by the Turkish authorities. The company will be established within 1 hour after the necessary documents and documents are submitted to the relevant Turkish authorities. Non-Turkish citizens can establish a company in Turkey just like Turkish citizens. There is no extra responsibility and cost for this.
2-) HOW TO FOUND A COMPANY IN TURKEY? OPENING A COMPANY IN TURKEY by 2023?
There is an official institution named ‘Trade Registry Directorate’ in every province in Turkey. Company documents are submitted to this organization. In addition, the company establishment procedures ‘Central Registry Registration System (MERSİS)’
Those who want to establish a company in Turkey should become a member of https://mersis.gtb.gov.tr/ The company establishment process begins with this membership. Foreigners who are not Turkish citizens can be registered as company partners or company officials with their passport numbers while the company contract is being drawn up in MERSIS. However, in order to register with the system, it is necessary to obtain a tax number from the Turkish tax authorities and register with the MERSIS system by applying to the relevant Trade Registry Office.
MERSIS system directs the applicant to fill in the information required in the company agreement, and the company agreement is prepared by recording the entered information. The company agreement is in Turkish. After the company agreement is prepared, the founders of the company sign this agreement and these signatures are certified by the Turkish authorities. Company founders must be present in person for the certification process.
It is obligatory that the signatures of the company representatives to be put on behalf of the company are approved by the authorized Turkish authority and that their signature statements are issued. This process can be done at the trade registry office of any province in Turkey.
3-) WHICH DOCUMENTS ARE REQUIRED TO ESTABLISH A COMPANY?
There are many types of companies in Turkey. According to the type of company to be established, Turkish authorities require documents. The required documents are published at https://ticaret.gov.tr.
4-) IS IT POSSIBLE TO BE A COMPANY PARTNER IN TURKEY?
As we mentioned above, there is no difference between Turkish citizens and non-citizens when it comes to establishing a company in Turkey. Therefore, non-Turkish citizens can also become company partners in Turkey.
5-) CAN A COMPANY BE ESTABLISHED WITHOUT WORK PERMIT?
It has been made quite easy to establish a company in Turkey. All you need to do to establish a company is to create a tax record and to apply electronically by completing the documents requested by the Turkish authorities. Apart from this, there are no conditions for establishing a company. People who do not have a work permit can also establish a company in Turkey.
6-) HOW MUCH IS IT TO OPEN A COMPANY IN TURKEY? HOW MUCH MONEY TO FOUND A COMPANY IN TURKEY 2023?
It is extremely cheap to establish a company in Turkey. Company establishment in Turkey is exempt from fees. The cost of non-Turkish citizens and Turkish citizens to establish a company will be the same. Turkey’ There is no need for non-citizens to pay an additional fee for establishing a company.
7-) CAN A PERSONAL COMPANY BE ESTABLISHED IN TURKEY? HOW TO FOUND A PERSONAL COMPANY?
It is possible to establish a sole proprietorship in Turkey. How the sole proprietorship will be established has been determined by the Turkish Ministry of Commerce.