Company Registration in Turkey
Company Registration in Turkey: A Guide to Success
The company registration process in Turkey can prove intricate and time-consuming. Our team is here to assist you in navigating the legal prerequisites, ensuring a seamless and prosperous registration journey.
At Celikel CPA, we specialize in aiding businesses in setting up their enterprises in Turkey. Our seasoned professionals will lead you through the entire process, from selecting the appropriate legal framework for your company to finalizing all essential documentation. Whether you aim to establish an LLC or another company type, we possess the proficiency to support you at every phase.
For a successful company registration experience in Turkey, having the right assistance and direction is crucial. We recommend visiting our page on Establishing a Company in Turkey for further insights on how we can cater to your registration requirements. Furthermore, you can explore valuable tips and guidance on Establishing an LLC in Turkey on our page .
Do not allow the intricacies of company registration in Turkey to overwhelm you – entrust us to manage all the particulars so you can concentrate on expanding your business. Reach out to us today to discover more about our services and how we can facilitate the establishment of your company in this dynamic and exhilarating market.
Certificate of Company Registration in Turkey
What is a Company Registration Certificate?
A company registration certificate is an official document issued by the Trade Registry Directorate in Turkey that verifies the establishment and legal existence of a company. This document contains basic information such as the company’s name, registration number, date of incorporation, and business activities.
Main Components of the Document
- Company Name: Registered name of the company.
- Registration Number: Unique number given to the company by the Trade Registry.
- Date of Incorporation: The date the company was officially registered.
- Business Activities: Main business activities of the company.
How to Obtain a Document?
- Preparation of Documents: Necessary documents such as articles of association, identity documents of shareholders and directors, and proof of address are collected.
- Notarization: The documents are notarized.
Application to the - Trade Registry: The approved documents and application form are submitted to the relevant Trade Registry Office.
- Payment of Fees: Registration fees are paid.
- Examination and Approval: The Trade Registry examines and approves the documents.
- Granting the Document: After approval, the company registration certificate is issued.
Importance
- Legal Recognition: Verifies the legal existence of the company.
- Transactions: Required for opening bank accounts, signing contracts, and license applications.
- Investor Confidence: Provides reassurance to investors and shareholders about the legal status of the company.
Conclusion
The company registration certificate is the fundamental step in starting a business in Turkey and provides legal recognition of the company. Obtaining this document is critical for business activities.
Company Registration Costs in Turkey
Below are the typical costs that can be incurred to set up a company in Turkey:
FEES AND EXPENSES | USD |
Attorney fee for the registration of a new company | 1,250 |
Opening a bank account | 450 |
Tax Office registration | 250 |
Accounting fees per month | 250 |
Company address per month | 50 |
Official company registration expenses (Notary expenses for Articles of Association and all other documents) | 750 |
Note: The above costs are a general approximation and may vary. It is important to seek our support to fully understand the costs of company formation.
Company Registration in Turkey for Foreigners
Turkey is a country that offers an open business environment to foreign entrepreneurs and encourages investments. The steps and documents required for foreigners wishing to establish a company in Turkey are as follows:
- Company Type Selection: Foreigners can choose from different company types in Turkey, such as Limited Liability Company or Joint Stock Company. Each type of company has different capital requirements and management structures.
- Application to the Trade Registry: An application is made to the Trade Registry with the company’s incorporation documents. The application includes information such as the company’s name, headquarters, purpose, capital, and directors.
- Obtaining a Tax Number: The company becomes a taxpayer by applying to the Tax Office and obtaining a tax number.
- Opening a Bank Account: A bank account is opened in the name of the company. Company capital is deposited into this account and transactions are carried out through this account.
- Work Permit and Visa: A work permit and residence permit may be required for foreign partners or employees who wish to live and work in Turkey.
- Notary Approval: The company’s incorporation documents and contracts are approved by a notary public.
- Official Newspaper Announcement: The establishment of the company is announced in the Turkish Trade Registry Gazette.
It is important for foreigners wishing to establish a company in Turkey to comply with local legal regulations and prepare the required documents in full. In addition, it would be beneficial to get support from a specialized advisor to understand the legal procedures and tax regulations in Turkey during the process.
Online Company Registration in Turkey
Establishing a company in Turkey can now also be done online. For those who want to register a company online in Turkey, the steps to be followed and the points to be considered are as follows:
- Opening an Internet Branch: The first step to register a company in Turkey is to access the internet branch of a bank in Turkey. The bank will request some documents and information required for the incorporation of the company online.
- Preparation of Documents: It is necessary to prepare electronic copies of the company’s articles of association, documents related to the founders and directors of the company.
- Online Application: You can apply to establish a company online through the bank’s internet branch. When filling out the application form, it is important to enter accurate and complete information such as the name, center, purpose, capital and directors of the company.
- Making Payment: During the online application, the amount required for the company’s capital must be deposited into the bank account. This payment can be made through online banking.
- Approval of Documents: The bank will review and approve the company’s incorporation documents after the online application and payment. Approved documents can be received electronically.
- Other Transactions: In order to complete the incorporation of the company, it is necessary to apply to the Tax Office, register with the Trade Registry and make the necessary official announcements. These steps can usually be done online.
- The online company registration process provides a great convenience for those who want to establish a company in Turkey. However, it is important to get support from an expert consultant in order to carry out the procedures correctly and completely.