Company incorporation fees in Turkey

The fees for establishing a company in Turkey or starting any business vary according to the field in which you will work, and there are many consulting offices in Turkey that may help you and guide you on the right path to start your successful business, and will provide you with complete and detailed information on how to start a business in Turkey according to the type of company Which you will decide to establish, but the capital of public companies must not be less than 50 thousand Turkish liras, or about nine thousand dollars, and there is no minimum capital requirement for general partnerships.

In companies with special laws, the liability is not limited, and licensing is usually difficult for such companies, because the conditions differ according to the administrative reference entrusted with granting the license and require large sums, and for companies with limited liability, the minimum capital for this company is 10 thousand pounds Turkish, less than two thousand US dollars.

Corporate Taxes in Turkey

Corporate income tax is calculated on the net profits generated during the three-month financial cycle, with a deduction of twenty percent of the net profits of companies or institutions as profit tax after calculating the company's income and expenses.

Full liability means that profit tax is deducted from all profits (profits inside and outside Turkey), while incomplete liability means that profit tax is deducted only from profits made inside Turkey and profits that are not in Turkey are not counted.

For companies residing in Turkey, they are subject to a monthly tax of 59 liras, which is the monthly account statement that the company submits to the tax department every month. This fee is fixed and does not change. As for non-resident companies in Turkey, they are subject to an income tax of 15%.

How to get a merchant card in Turkey

The merchant card in Turkey is withdrawn from the centers of the chambers of commerce of the Turkish states, and the company's chartered accountant presents it with the business card or license for the company's address.

Is it possible to establish a company in Turkey from abroad

A company can be established in Turkey from abroad by following a few steps, the first of which is to specify the initial data such as: the name of the company, the number of partners, shares, activities and the capital prepared for the company that was agreed upon by the founding partners, and then a company incorporation agency is created for one of the trusted investor’s acquaintances, and you can Contact investment consulting companies to carry out the task from the Turkish embassy in the country of residence.

How do I start a business in Turkey

If you want to establish a company in Turkey, you must prepare the Memorandum of Association for the establishment and documentation of the company, submit a declaration of the title of the company and deposit 25% of the value of the capital in the bank, taking care that the capital is higher than the amount stipulated in Turkish law to benefit from, which It is easy for the owners and employees of the company to obtain a work permit, residence permit and other important benefits.

The investor must send the agency (the original) to the agent’s address in Turkey to start the incorporation procedures, after which the necessary papers are extracted from the Chamber of Commerce in Turkey and sent to the Turkish embassy to extract the signature authorization and work as a public accountant agency in Turkey, and the matter ends with opening a bank account for the company.

During the establishment of the company, the capital is not required to be deposited with a Turkish bank, provided that this amount is deposited before applying for a work permit, or within two years from the date of incorporation.

The capital is paid into the bank account that was created for the company and the company receives a deposit from the bank in the value of the capital, according to which the company’s papers can be managed and the approval of the Chamber of Commerce in Turkey is obtained, and then obtaining the registration property and all other procedures.

The original and two certified copies of the articles of incorporation must be submitted to the Commercial Registry within fifteen days from the date of ratification by a notary with the need to clearly state the company’s address in the articles of incorporation, and for limited liability companies, they must comply with Article 279 of the Turkish Commercial Code, and it should be noted The Articles of Association of the company shall be published in the Official Gazette of the Commercial Registry.

Conditions for starting a business in Turkey

Establishing a company in Turkey is a simple matter away from the boring routine, as the new investor can easily obtain the necessary papers for his new company, and after establishing the company in the commercial registry office, the company must be entered at the local tax office, since the tax certificate must be clearly visible in the place Work, and the local finance officer will visit the company office or branch in a few days to review the information and tax certificate.

Documents required to start a business in Turkey

The establishment of the company in Turkey depends on the presence of the necessary documents that must be obtained and submitted to the commercial registry with the company’s information, and the event certificate issued by the Chamber of Commerce on the basis of the commercial registry number with a full explanation of the company’s activity.

This is in addition to the documents that the company must send to the tax authority, which must contain the company’s tax number, as well as the documentation obligation based on the information provided by the company and the presence of the auditor’s contract, which is the employee who connects your company with government departments and organizes communication with them, and the documents required to register a company Limited liability is:

• Memorandum of Association by the founders.
• Written acknowledgments from non-affiliated board members of their acceptance of this duty.
• In the event that there is a legal person in the board of directors, the first and last name of the natural person shall be specified on behalf of the legal person, and a certified copy of the decision of the competent body to identify it.
• A valuation report by an expert from the court to determine the value of the in-kind contributions and any assets to be confiscated upon incorporation of the company.
• If real capital is added, the document to be taken from the relevant register shows that there are no restrictions on real capital.
• For physical capital, the document showing intellectual property, real estate and other assets identified as physical capital is recorded in the records in which they are recorded.
• Contracts with the company to be formed, as well as with its founders and other persons, including contracts for the acquisition of assets, if any.
• Signing announcements of corporate executives.
• Proof of depositing the share of the competition authority.