How Do I Register Company in Turkey?

How Do I Register Company in Turkey?
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Embarking on a business journey in Turkey holds promise for ventures into a dynamic market and benefits from its strategic geographical position. Yet, initiating a company registration process in Turkey entails maneuvering through diverse company structures, procedural intricacies, and legal mandates. Our team of expert company registration attorneys boasts a wealth of experience in facilitating the establishment of various entities including limited companies, joint stock companies, holding companies, branch offices, liaison offices, free zone companies, as well as providing comprehensive support in matters of management and governance, particularly within the vibrant city of Istanbul. Let’s learn more about how to register a company in Turkiye.

How Do I Register a Business in Turkey?

Choose Your Business Structure:

  • Determine the most appropriate legal structure for your business, such as a limited company (Ltd.), joint-stock company (JSC) or branch office.

Reserve Your Company Name:

  • Check the availability of your desired company name through the Central Registration System (MERSIS) or the Trade Registry Office.
  • Reserve the name by submitting an application to the relevant authority.

Prepare Your Documents:

Gather all necessary documents for registration, including:

  • Articles of Association (ana sözleşme) with certified signatures of the founders.
  • Proof of payment for the Competition Authority’s share.
  • Written statements of non-shareholder board members, if applicable.
  • Signature declarations of persons authorized to represent the company.
  • Documents demonstrating capital commitments and deposits, such as bank statements or valuation reports.

Apply for Registration:

  • Start the company establishment process by creating a free membership via the MERSIS internet address.
  • Prepare the company contract on MERSIS, adding Turkish citizens with their ID numbers and foreigners with their passport numbers as partners or authorized individuals.
  • Foreigners must first obtain a tax number from the tax office and register it with MERSIS by applying to the trade registry office.
  • Fill in the required elements of the contract on MERSIS, where the contract will be prepared in Turkish, and the potential tax number will be automatically assigned.

Verification and Approval:

  • After preparing the contract on MERSIS, the founders sign it, and the signatures are verified by a competent authority.
  • This verification process may require founders or their authorized representatives to visit the relevant organization.

Submission and Registration:

  • Submit the required documents along with the contract to the trade registry directorate where the company headquarters is located.
  • Upon application, the trade registry directorate completes the registration process.

Payment of Fees and Capital Deposit:

  • Deposit 0.04% of the company’s capital in the bank account of the Competition Authority as its share.
  • Pay any necessary fees and stamp duty during the registration process.

Approval of Commercial Books:

  • For joint-stock companies, limited companies, and cooperatives, have the commercial books approved by the trade registry directorate and receive the following registration.
  • Throughout the process, ensure compliance with all legal requirements and seek assistance from legal professionals if needed to ensure a smooth registration process.

Frequently Asked Questions

How much does it cost to register a company in Turkey?

Registering a limited company in Turkey is generally inexpensive. In 2021, the average cost ranges from $370 to $420, but may vary based on factors like the number of partners and language assistance needs.

What do I need to set up a company in Turkey?

To set up a company in Turkey, you need to complete legal steps like obtaining permits, registering with authorities, and obtaining tax IDs.

Can a foreigner start a company in Turkey?

Yes, both foreigners and locals can start and manage companies in Turkey. Foreigners are treated the same as local individuals under Turkish company law, regulated by the Turkish Commercial Code.

How do I register my small business in Turkey?

To register your small business in Turkey, you’ll need to reserve the company name and submit required documents to the Trade Registry Office. Then, obtain necessary tax IDs and register with the Chamber of Commerce.

 

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Learn more about our services here: Establishing Companies in Turkey or contact us.

 

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