Turkey Company Formations

Incorporation of a Turkish Limited Sirket takes around 2 weeks.

Trade Registry Office

We will submit the incorporation form, commitment letter and the chamber registration statement to the Trade Registry Office, along with:

  • Three copies of an establishment notification form
  • Three copies of the notarised Articles of Association
  • Petition and Form
  • Notarised Signature Declarations
  • Bank deposit receipt from the Competition Authority Account (0.04% of the company’s capital)
  • An undertaking (taahhütname) signed by the authorised company representatives
  • Notarised passports of company shareholders and directors

The Commercial Registry Office will notify the Tax Office and District Employment Office about the company incorporation and an announcement will be made in the Turkish Trade Gazette within 10 days.

The Registry Office will then notifies the Ministry of Labour and Social Security, Directorate of the Social Security Institution of the incorporation in order to obtain a social security number from the Social Security Administration office.

Notary certifies the legal books

A notary must certify the legal books the day they register the company with the Commercial Registry. The notary public will notify the Tax Office about the commercial book certification.

Registration to the Chamber of Commerce

We will register your Turkish company with the Chamber of Commerce.

Turkey Company Formations - Limited Sirket (LS)

Our standard Turkey Company incorporation package includes all necessary documents:

  • Directors - only one director of any nationality is necessary for your company
  • Shareholders - Turkish Commercial Code allows limited liability companies to consist of only 1 shareholder

Turkey LS Company Formation

Company Incorporation: Limited Sirket (LS) - 2 weeks

  • Reserving your Company Name with Ticaret Odasi
  • Prepare your Company Registration Forms
  • Drafting and Notarising company Articles of Association
  • Drafting and Notarising of Power of Attorney if required
  • Principal Statutes Notarial fees
  • Notarial Passport Translation
  • Preparing Power of Attorney and Notarial Fees
  • Notarising incorporation documents: - Articles of Association
  • Government fee
  • Consumer fund (0.4%)
  • Certification of the Company Commercial Books approval (Journal, Ledger, Case book, Inventory book)
  • Signature declarations of company managers
  • Registration of the company at the Trade Registry and its announcement in the Commercial Registration Gazette
  • Notification to the Under Secretariat of Treasury, Foreign Investment General Directorate
  • Application submission to the Ministry of Industry and Trade
  • Registering your company with Ticaret Odasi (Chamber of Commerce)
  • Certificate of Incorporation
  • Includes 3 months virtual/ registered office
  • Company Statutes
  • All documents and certificates supplied in a professional folder

File the incorporation notice at the Trade Registry Office

We will submit the incorporation notice form, commitment letter and chamber registration statement to the Trade Registry Office. For each individual shareholder who is not a Turkish citizen a passport copy.

The accountant will apply for the tax identification plaque from the local tax office and a social security number from the relevant Social Security Administration office. Two months accountancy service are included in our service to enable Tax Registration.

Registered Office / Virtual Office

Your Turkish company must have a registered office, which must be a physical address in Turkey. The registered office is where documents may be legally served on the company. We provide this registered office service in Turkey. Note Turkish regulations require an office space for the company, accordingly you either need to obtain an office lease contract yourself or use our services of a virtual office/registered office. This office address should be registered with the tax office on the same day or before the registration date.

Company Directors and Shareholders

  • Directors and Shareholders may be of any nationality
  • The names of directors and shareholders are filed at the companies registry
  • There is no requirement to appoint a Turkish resident director
  • Shareholders can be either corporations or individuals

Registration to Tax Office

A tax registration number is received and legal books are certified by a Public Notary.

The rent contract certified by the Notary Public as well as the notarised Circular of Signatory will be submitted to the related Tax Office.

Registration to the ICOC

In Turkey, it is a requirement for companies to be a member of a Chamber Of Commerce. When we incorporate your Turkish company we will register it with the relevant Chamber of Commerce (Ticaret Odasi) - Normally this will be the Istanbul Chamber of Commerce.

One Stop shop

The Turksh government have recently introduced a simpler process to incorporate, alas it does not work , here it is:

1. Petition, to be provided by the Trade Registry. (The Tax Office with which the company will be registered must be indicated, signed by an authorized person or by proxy, and the original or notarized copy of the power of attorney must be attached.

2. Five (5) copies of the establishment statement to be provided by the Trade Registry must be filled out and signed by an authorized person.

3. Three (3) copies of the notary certified articles of incorporation.

4. Two (2) notarized copies of the birth certificate(s) with photos of the shareholders and board members.

If the foreign national partner is a natural person, the required documents are: two (2) copies of the passport (translated and certified by a notary public)

If the foreign national partner is a legal entity, the required documents are: the activity certificate of the company prepared by the relevant authority in the investor’s home country. This certificate should contain information about the current active status of the company and its signature executives.

5. Two (2) copies of the signature declarations of the authorized persons under the company name

6. Original of bank receipt (receipt from Ziraat Bank - Bilkent Plaza Branch) indicating that 4/10,000 of the capital has been deposited at the Arbitration Court, or the EFT receipt signed and stamped as “collected” (Account No: 5383761-5016)

7. Chamber registration statement bearing the photos of the natural partners

8. Letter of commitment signed by the authorized persons

9. General information:

The power of attorney should show the authority or the natural person who will run the establishment procedure in Turkey on behalf of the company. The attorney should also mention the company title which will be either established or participated in Turkey and the name of the authorized person for presentation.

The above mentioned certificates (activity certificate, power of attorney) should be signed either by the Apostille or Turkish Consulates in the foreign investors’ country.

The approved certificates should be notarized and translated into Turkish before their delivery to the Trade Registry Office.

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Turkey Incorporation Fees
  • Company formation fee - £2400
  • Chambers of Commerce fee - €300 (£270)
  • Notary statutes fee - €325 (£280)
  • Notary fee per passport - €80 (£70)
  • Company Manager Registry Fee - €135 (£110)
  • Registered Office - £1800
  • Company Secretary if required - £800
Turkey Annual Maintenance Fees
  • Directors Register Maintenance - £120
  • Registered Office Fee - £1800
  • Company Secretary if required - £800
Turkey Advantages
  • Time -2 weeks to incorporate your Turkey company
  • Directors - only 1 director of any nationality is necessary for your company
  • Directors - a three day visit to Turkey will be required by the company director to sign documents
  • Shareholders - only 1 shareholder is required
  • Shareholders - there is no restriction placed upon the nationality of the shareholders
  • Share Capital -the minimum requirement is €2,500/TL 5,000
  • Registered Office - your company requires a registered office in Turkey, which we can provide
  • Support - using our 20 years experience we guide you throughout every step of the company formation process