What is the process of starting a business in Turkey ?
Turkey offers many business opportunities to entrepreneurs with its geographical location, economic conditions and educated young population.
In addition to its proximity to the European Union, affordable and high quality products, and with lower labor costs compared to European countries, Turkey has become a center of attraction.
Can foreigners company formation in Turkey ?
The Turkish government supports and encourages foreign investors. So it is easy for foreign citizens to establish a company in Turkey. And in some business areas, there are incentives and discounts given by the government.
How can I start a business in Turkey ?
To establish a company in Turkey, you must first determine a business address. You can rent a workplace for this. In addition, if you do not need a workplace for your commercial activities, you can rent a virtual address at affordable costs and establish your company.
The second important issue for establishing a company in Turkey is to agree with an experienced CPA firm (certified public accounting ) . It is mandatory for companies in Turkey to work with CPA. In addition, a CPA with experience in foreigners will set up your company on a turnkey basis. And it will guide you in the right direction.
What are necessary documents to company formation in Turkey of foreigners ?
Note ; If founder come our office with their passport, we are doing all process as turnkey. So only passport is enough for company formation.
Can I establish a company in Turkey using a virtual address ?
You can establish a company in Turkey using a virtual address. There is no legal obstacle or restriction for this. If you do not need a real workplace, a virtual business address will be a cost-effective and fast solution.
Note; With our group company, we help you with your virtual business address needs at affordable costs.
Is it necessary to obtain a work permit to establish a company in Turkey ?
It is not obligatory to obtain a work permit in order to establish a company in Turkey and to carry out commercial activities with this company.
Important ; However, for some business areas and sectors (market, cafe, restaurant, etc.), a work permit is obligatory since a separate work permit must be obtained from the municipality after the company is established. In other words, they will work in these sectors, if they do not get a work permit, the municipality will not issue a license.
Can I establish a company and get a work permit in Turkey ?
Y ou can establish a company and get a work permit in Turkey. For this ;
Important ; If you apply after 6 months from the company establishment date, you will need to employ at least 5 Turkish workers.
Can I open bank account after company formation in Turkey ?
You can get open bank account after company formation in Turkey.
However, because there are many foreign nationals in Turkey, bankers may request additional procedures or additional fees. In addition, the Bank may investigate your business to prevent illegal money transfers and smuggling.
Each bank has separate procedures. For this reason, it will be useful to discuss these issues with the bank.
How much does it cost to set up a company in Turkey ?
The costs of establishing a company in Turkey start from $400 in 2021. These costs vary according to criteria such as the number of partners, the size of the company, and the number of workers.
You can contact us to get an updated and detailed cost table specific to your business free of charge.
Can a company registered in a different country establish a new company in Turkey ?
A company registered in a different country can establish a company in Turkey.
For this; Documents showing the registration records in the country of registration must be certified with apostille (if there is no apostille approval, alternatively, it can be approved by the Turkish embassy). In addition, the documents will be notarized translation in Turkey.
In addition, the company registered in a different country must designate a natural person to represent the company in Turkey and give this person an approved power of attorney.
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