Incorporation in Turkey

Starting a Company in Turkey

Apply now

Start a Company Now for Several Benefits in Turkey

Key Details from Turkey

Modern Turkey was founded in 1923 from the remnants of the defeated Ottoman Empire by national hero Mustafa KEMAL, who was later honored with the title Ataturk.

Turkey is a dynamic and growing G20 economy that links the east and the west in a unique way. In addition to being one of the world’s fastest-growing economies, Turkey also supports international investors’ growth via a business-friendly agenda and through access to a large domestic market and neighboring international markets.

Strong market fundamentals, such as a young and dynamic population with an average age of 32, a well-educated workforce, increasing rates of employment over the years, a growing middle- class, and a unique geographical location have all helped transform Turkey into one of the fastest-growing OECD member countries. As of the end-2018, Turkey is the 13th largest economy in the world (GDP at PPP), with an average annual growth rate of 5.5 percent in the 2003 - 2018 period.

Turkey’s location, at the crossroads of Europe, Central Asia, and the Middle East, provides easy access to the European, Middle Eastern, North African, Central Asian, and Gulf markets. These markets comprise more than 1.6 billion people and account for a total GDP of USD 28 trillion.

More than half of the world’s trade takes place within a four-hour flight radius of Turkey – a key reason why multinational companies have chosen Turkey as a strategic regional hub for their operations.

CAPITAL CITYAnkara

POPULATION81,257,239 (July 2018 est.) ANNUAL GDP$851.5 billion (2017 est.) GDP PER CAPITA
10.540,62 USD (2017 est.)

MEDIAN AGE31.4 years (2018 est.)

POPULATION GROWTH RATE0.49% (2018 est.)

GROWTH RATES

7.4% (2017 est.)

3.2% (2016 est.)

6.1% (2015 est.)

BIGGEST CITIES

Ankara

İstanbul

İzmir

Benefits

Free Ownership

Having ownership of company, assets and finance

Easy Tax System

Easy accounting and tax management

Easy Environment

Comfortable working and living options

Reach us for more details

  WhatsApp us!
  WeChat us!
  Email us!

Tax Advantages

15 - 35%

Personal Income Tax

22%

Capital Gains Tax

15%

Dividend Tax

22%

Corporate Income Tax

0 - 18%

VAT

Our Services

Company Registration

Accounting Services

ESTABLISHING A BUSINESS

Turkey’s FDI Law is based on the principle of equal treatment, allowing international investors to have the same rights and liabilities as local investors.
 
The conditions for setting up a business and share transfer are the same as those applied to local investors. International investors may establish any form of company set out in the Turkish Commercial Code (TCC), which offers a corporate governance approach that meets international standards, fosters private equity and public offering activities, creates transparency in managing operations and aligns the Turkish business environment with EU legislation as well as with the EU accession process.
 
Turkey has introduced reforms with a view to making it easier to do business in order to enhance the investment environment, eliminating red tape in setting up a business and minimizing costs and procedures. To this end, establishing a company is now only carried out at Trade Registry Offices located in Chambers of Commerce and designed to be a ‘one-stop-shop’. The process is completed on the same day. 
 
Company Types under TCC and Alternative Forms
 
There are corporate and non-corporate forms for companies under the TCC, which states that companies may be established under the following types:
 
a. Corporate forms
- Joint Stock Company (JSC)
- Limited Liability Company (LLC)
* Cooperative Company
 
Although some financial thresholds (i.e., minimum capital) and organs differ from each other, the procedures to be followed for establishing a JSC or an LLC are the same.
 
b. Non-corporate forms
- Collective Company
- Commandite Company
 
Although companies may be established according to these five different types, JSC and LLC are the most common types chosen both in the global economy and Turkey.
 
An application with the following documents must be submitted to the relevant Trade Registry Office for the registration of a branch:​
 
  • Petition (must be signed either by an authorized signatory under the company seal or by proxy; if signed by the latter, then the original or the notarized copy of the power of attorney must be attached to the petition)
  • The resolution of the competent organ of the parent company to open a branch 
  • A certified original copy of the parent company’s articles of association
  • Certificate of Activity of the parent company or any equivalent documentation that sets forth registration and current status of the parent company 
  • A power of attorney granted by the parent company in favor of its resident representative, assigning full representation and accountability
  • Five copies of the Establishment Declaration Form (the related fields must be filled and signed by the authorized person)
  • Two copies of the power of attorney stating the representative in Turkey 
  • If the branch representative is a Turkish national, a notarized copy of his/her ID card. If not, a notarized copy of the authorized representative’s passport translated into Turkish
  • Two copies of the signature declarations of the branch representative under the branch title 
  • A letter of commitment (must be signed by an authorized person) 
  • A Chamber Registry Declaration Form Statement to be obtained from the Trade Registry Office (including photographs of the branch representatives)
It should be noted that all the necessary documents that will be issued and executed outside Turkey must be notarized and apostilled or alternatively ratified by the Turkish consulate where they are issued. The original executed, notarized, and apostilled documents must be officially translated and notarized by a Turkish notary.

Reach us for more details

  WhatsApp us!
  WeChat us!
  Email us!