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Company Formation in Turkey

Companixa Company Lawyers are prepared to assist your company formation in Turkey. Our company formation lawyers are experienced in establishing a limited company, joint stock company, holding company, branch office, liaison office, and free zone company, we also provide management and governance services in Istanbul.

We do perform services for company formation in Turkey and provide other company governance services for foreign persons and companies. We’ve been assisting foreign clients from Europe, Asia, America, and Africa to start their businesses and their swift migration to Turkey. We have set up several companies for our clients and we are very well aware of their needs.

We have a customs agency in our office building and many of our clients use their services to perform import, export and transit trade to other countries. We also provide company address services for foreign companies and our rates are very moderate.

Ways to Form a Company in Turkey

Getting a Shelf Company in Turkey

Some of our clients demand a shelf company in Turkey in case they are in a hurry or want to acquire an aged company. Shelf companies are generally chosen by investors who are in a hurry to start their businesses and who need a company with longevity on the market. In recent years, many foreign investors have been interested in businesses in Turkey because of the favorable economic environment.

Buying an Established Business

Our lawyers are prepared to assist you to buy a business in Turkey. Buying an established business rather than setting up a new business has many advantages but is not without risk. You will need to know the advantages and disadvantages of buying an existing business and be clear about your ability to run a business.

Finding a Nominee Shareholder in Turkey

We also can also find a nominee shareholder in Turkey if you don’t want to be shown as a shareholder in your company. If you appoint a nominee shareholder, he would appear to the world to be the owner of the shares, and you get to keep the arrangement a secret. If the appointment is made correctly, you retain all of the rights and benefits of the shares, such as the right to sell the shares, receive dividends, and vote at general meetings.

Finding a Nominee Director in Turkey

Our company formation lawyers in Turkey can assist you to find a nominee director in Turkey if you need a Turkish citizen director. This is a good solution to run your company if you are not living in Turkey. A nominee director is someone who “assists” you to run your company when you are out of Turkey. He can follow up on the tasks that are required by law, pay taxes, go to banks, and sign contracts.

How Many Days Needed to Form a Company in Turkey?

We can finish your company formation in Turkey and open bank accounts and get online banking in 1-2 days if partners are in Turkey and the company registration process will be faster and cost less.

We can complete your company formation in Turkey remotely if you are not in Turkey, however, the registration process will be longer and cost more.

Moreover, we have registered more than 260 companies for our foreign clients including Spain, UAE, Ukraine, Russia, UK, Morocco, Lebanon, Syria, S. Korea, Germany, Italy, Jordan, Vietnam, Poland, France, Pakistan, China, Hong Kong, USA, Malaysia, Iran, Portugal, Norway, Canada, Saudi Arabia, Iraq, and Kuwait.

Company Formation in Turkey

How to Form a Company in Turkey?

According to the Turkish Commercial Code, a limited company (LLC) requires a minimum of one partner and it can be a legal entity or a real person, there can be a maximum of 50 shareholders. The partner/partners can be Turkish or foreign as well. Foreigners can own 100% of a company and transfer their profit out of Turkey without any problems.

The minimum required capital for a limited liability company is 10,000. -TL (Turkish lira). The capital of the company shall be paid in two years and up to four installments.

Roadmap for Company Formation in Turkey

  • Partners’ passport translation and notarization
  • Obtaining tax numbers for the partners
  • Getting Power of Attorney from the partners for company formation before the Notary Public
  • Determining and reserving the company title
  • Signing a lease contract for the company address
  • Preparing online company establishment procedures
  • Filing company details at the Istanbul Chamber of Commerce online
  • Filing company Articles of Incorporation online and getting them approved
  • Filing all the documents at the Istanbul Chamber of Commerce and paying official company registration fees
  • Obtaining a company registration certificate from the Istanbul Chamber of Commerce
  • Getting signature circular notarized at Notary Public
  • Giving Power of Attorney to an accountant on behalf of the company
  • Opening company bank account

How Much Does it Cost a Limited Company Formation in Turkey with One Partner?

Attorney fee for the registration of a new company1,250
Opening a bank account250
Tax Office registration250
Accounting fees per month250
Company address per month50
Official company registration expenses (Notary expenses for Articles of Association and all other documents)750

We Need the Following Documents for Company Formation in Turkey

From Real Persons;

  • 1 Translated and notarized passport copy
  • 1 Passport photo
  • Power of Attorney to us for incorporating the company from each shareholder

Bank Account Opening for Your Company

We open bank accounts for companies established in Turkey. Nowadays, there is a huge demand for bank account opening by foreign companies in Turkey. We assist you in opening company bank accounts.

We need the below documents for the company bank account:

  • Company articles of incorporation.
  • Shareholders’ and directors’ passport copies and their addresses prove documents such as a utility bill.
  • Turkish tax id number for each shareholder (we will get it).
  • Signature circular for the company.
  • Company stamp.

Reach us for a Company Formation in Turkey

Companixa Company Lawyers are prepared to assist your company formation in Turkey. Our company formation lawyers are experienced in limited companies, joint stock companies, branch offices, liaison offices, and free trade zone company formation, management, and governance in Istanbul.

Our law firm is one of the leading law firms providing company formation services in Istanbul, Turkey. You may reach us for a company formation in Turkey through our Contact page.