There are many issues that many entrepreneurs who will inwest in Turkey are curious about expenses and charges of limited companies. They are searcing answers to many questions like the following ;
"What is total cost for limited company establishment in Turkey , what is charges to set up a LLC , How much total cost for limited company formation in Turkey, what are montly expenses of limited company, how much company setup fees in Turkey, what is accounting fees of a company in Turkey"
In general, limited company establishment expenses are not very high in Turkey. In 2021, you can establish your limited company with an average and minimum cost of $ 370 - $ 420. This cost will increase slightly depending on the number of partners, the volume of your business, and whether you speak Turkish.
1 - NOTARY FEES
When a non Turkish citizen person establish a limited company in Turkey, he/she should get passport translation notarized (minimum 3 unit) . And there will be sign circular and pawor off attorney notarized after chamber of commerce registration. Notary fees will be avarage as below ;
Note; Company founder can come chamber of commerce to sign company establishment documents. If founder don't come, there will be POA notary fee for company formation. Avarage 80$
2- CHAMBER OF COMMERCE REGISTRATION FEES
Chamber of commerce registration fees start from minimum 140$ . This amount will be change accourding to company capital, number of sector, company agreement word count.
3- TAX OFFICE REGISTRATION FEES
The company will be registered with the tax office during the establishment process. The stamp duty of the company's workplace lease agreement and accounting service agreement will be paid to tax office. Stamp tax is not too much. Avarage 15$
4- COMPANY FORMATION SERVICE FEES
Company establishment service fee for non-Turkish citizens is $125 in 2021 on a turnkey basis.
2021 TOTAL COST OF LIMITED COMPANY FORMATION IN TURKEY ; 385$
Important Note 1 ; If company founder don't speak Turkish , there will be sworn translator fees. And notary fees will increase slightly as documents will be translated. For someone who does not speak Turkish, the cost of establishing a limited company will be minimum $ 500. As Turnkey basis.
Note 2 ; Cost details are minimum amounts for 2021 year. Costs may increase slightly depending on criteria such as number of partners, company capital, number of sectors, and volume of activity. You can contact with us for support. We are preparing detail cost table free off charge for your business.
Note 3 ; Office rental expenses are not included in the establishment costs of a limited company. If you do not need a physical workplace, we also help you with the virtual office at affordable cost.
MONTHLY EXPENSES OF LIMITED COMPANY IN TURKEY
Even if companies in Turkey do not have any activity, every month accountant fee and stamp duty payments of tax returns occur. The monthly expenses of a limited company that has no activity are as follows.
Apart from these, other expenses and taxes will vary according to the characteristics of your business.
You can always contact us to get an up-to-date cost table specific to your company. In the first place, we prepare the detailed cost table free of charge.
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