Steps for establishing a company in Turkey

Steps for establishing a company in Turkey Dear reader, before starting to establish a company in Turkey, you must determine the type of company, as Turkish law allows you to establish only four types of companies in Turkey, in addition to determining the size of the company, capital and others, and we will show you in this article About the steps for establishing a company in Turkey, in addition to the necessary papers and conditions.

 Steps for establishing a company in Turkey

 Dear reader, you should pay attention to the type of company to be established in the Turkish state, where the establishment of a company in Turkey should be according to the size of the company, and the capital. There are:

  1.  A limited liability company.
  2.  Three joint stock company.
  3.  Simple recommendation company.
  4.  Joint venture.

 Documents required to establish a company in Turkey

  1.  A true copy of the passport to be translated and certified.
  2.  Your tax number.
  3.  Security approval that allows you to establish the company in Turkey.
  4. A copy of the residence card in Turkey.
  5.  Photograph.
  6.  An original copy of the activity certificate that was issued by the competent authorities, and it must be certified by the relevant Turkish Consulate, and it must be notarized in addition to being translated as a certified translation.
  7.  The address of the entity or company's premises and is provided through a lease agreement for a virtual premises being equipped.

Taxes for establishing a company in Turkey

 Taxes are the material dues that must be submitted by the company to the National Tax Authority in exchange for its presence in the country, and the monthly and annual taxes are batman 22 percent of the value of the lease contract. An average of 50 pounds per month.

How to choose the headquarters when establishing a company in Turkey

 Turkish law states that every company must have a headquarters, and the law gives you two options:

  • The first option: the real headquarters of the companies, which means the real headquarters is the already existing headquarters in which the person trades and carries out the company’s normal activity, and the average cost of this headquarters is from 1500 to 2000 Turkish liras per month for rent.

But the disadvantages of this headquarters are that it will force you to provide 2000 pounds for rent in the first month, in addition to 4000 pounds as a security, and two thousand pounds for a broker or real estate office, so the total amount is approximately 8000 pounds at the beginning of your project.

  • The second option: the virtual headquarters: This means the headquarters in which your office or company is registered in this place, so that the real headquarters for you is through the state, but this headquarters is fictitious for you; Because you cannot use this headquarters in the conduct of your activity, it is an address only for the company, and this is one hundred percent legal.

The costs of establishing companies in Turkey

The value of the expenses varies from one company to another, in addition to the number of companies and activity, and several other factors, but the average expenses for establishing a company in Turkey are between 500 and 750 dollars as a maximum, including the expenses related to incorporation, corporate books and tax accounting, and through Al-Fanar company we will get acquainted with With you in the next paragraph about the stages of establishing a company in Turkey.

 What is the stage of establishing a company in Turkey?

 First: The stage of writing the contract, and this is one of the most important stages of establishing the company, and here it discusses with you through Al-Fanar the company’s business activities, the capital to be announced, the partners’ shares, the company’s official name and address, and the company’s information for everything related to personal authority.

And we will help you through Al-Fanar in providing the necessary advice and suggestions to determine this information, as all the company information is specified and the articles of association are written.

 Second: Finalizing the Chamber of Commerce procedures After completing the stage of writing the company memorandum, you will go to the notary’s office to work on the conditional agency (establishing a company), then register the company according to the predetermined time, extract the commercial and activity registration certificate, and extract the company’s tax number from the tax department after registering The company is there.

 Third: Signing and Approval, Now that all the necessary documents have been obtained from the Chamber of Commerce and the Commercial Register has been obtained, you may have to move to the phase of approval to sign, and at this stage, you have the right to sign in the name of the company, and you agree to your signature in front of a notary, after this Step, you have completed the establishment of the company, and all that remains is to sign a contract with a chartered accountant and open a bank for the company's account.

Fourth: Visit a legal accounting office and write an accounting contract, after completing all the above steps to register the company, you will go to a legal accounting office to sign a contract between the newly established company and the accounting company to notify the company permanently of the monthly and annual taxes on the fees to be paid - payment and other obligations.

 Fifth: Opening a bank account for the company and depositing the money Al-Fanar team will help you to provide all the information about opening a bank account for the company in one of the strong banks in Turkey that specializes in dealing with foreign investors, after opening the account, if there is money, investors can deposit the company’s money in it.

Types of companies in Turkey

Turkish joint stock company, in this company, the capital of the company is divided into shares, and the liability of the shareholder is limited to the capital subscribed by the shareholders, and this type of company must be established with at least five shareholders (real persons or legal entities), and the capital is not Less than about 50,000 TL.

 Mandatory organs of the company include the general meeting of shareholders, the board of directors and the board of supervisors.

 A limited company, a company that is created by at least one real person or legal entity with a maximum of 50 people, the liability of the shareholders is limited to the capital subscribed by the shareholders, and the minimum capital requirement for incorporation is 10,000 liras, up to One person, and 12,500 TL for two.

 A limited partnership is a company that conducts business under a specific product name. Since the liability of some shareholders is limited to the capital subscribed and paid by the shareholders (investors), the liability of some shareholders is not limited. 

Solidarity company is a company that is established to operate a business under a specific name and the liability of any responsible person is limited only to the capital that was written and paid by the shareholders.