Company Registration in Turkey

Registration fee is from 5000 €

Registration period — 2 weeks

Minimum authorized capital - 50,000 Turkish lira

Remote opening — no

Financial statements — yes

Turkey is located at the crossroads of Europe and Asia, providing convenient access to the markets of Europe, the Middle East, Central Asia, and North Africa. This location makes the country a convenient transport and logistics hub.

Opening a company in Turkey is advantageous for non-residents because Turkey has a modern infrastructure, including ports, roads, railways, and airports, which facilitates the export and import of goods, and operates with the euro currency. Maira Consult helps clients at every stage: from choosing the type of company to opening a bank account and preparing all the necessary documents, so that the process goes smoothly and quickly.

Business registration in Turkey is becoming a popular solution for foreign entrepreneurs, especially for Ukrainians looking for a stable business. Turkey offers favorable conditions for starting out, making it possible to open a business in Antalya, a business in Istanbul, or in any other city in the country. These regions offer great opportunities for growth, especially in tourism, services, and trade. A company in Istanbul or a legal entity in Antalya can be opened within a week.

For those planning a business relocation to Turkey, the country offers every opportunity to start a venture in a stable, growing economic environment.

Starting a business in Turkey for foreigners is not just about company registration, but also about obtaining the right to reside and work, as well as access to Turkish state support for small and medium-sized businesses.

Contact Maira Consult, we know how to register a company in Turkey and we will make the process comfortable and beneficial for you!

Turkey advantages

1

Fast registration procedure

2

Advantageous location

3

Access to large markets

4

Tax benefits

General Information

Registration Features

Foreigners can register a company in Turkey in the form of an LLC (Limited Şirket) or a JSC (Anonim Şirket). Opening an LLC in Turkey is the most common option for foreigners who want to operate within a small limited liability company.

Company Name

The name must be unique and must not coincide with the names of other existing companies.

Authorized Capital

The standard capital is 50,000 Turkish lira. The recommended capital is 500,000 Turkish lira.

Director

The director can be a non-resident of Turkey. Obtaining a Turkish tax number is mandatory.

Shareholders

An individual or legal entity. Can be a non-resident. Having a tax number is mandatory.

Financial Reporting

The company must keep accounting records and submit financial statements. VAT returns are filed monthly, and corporate income tax returns are filed quarterly.

Taxation

  • VAT: 20%.
  • Corporate income tax: 25%.
  • Additionally, a minimum corporate tax of 10% of the relevant tax base applies. The minimum corporate tax rule applies starting from the 2025 tax period.

Confidentiality

The register is open.

Stages of company registration

01

Choosing the name and form of the company

The first step to register a company in Turkey is to decide on the legal form and the company name.

02

Preparation and collection of documents

To register a company in Turkey, you need to provide a scanned copy of your international passport, obtain a Turkish individual tax number for the director and the shareholder, and sign a signature specimen card at a notary. This requires visiting Istanbul (to open a business in Istanbul) or Antalya (to open a business in Antalya).

03

Identification of company participants

Identity verification and the signing of all required forms take place in the presence of a Turkish notary.

04

Formation of the share capital (if necessary)

At the time of setting up the company in Turkey, you need to pay 0.04% of the standard capital. The full amount must be paid within 2 years from the date of the company's registration in Turkey.

05

Company registration

As soon as all the documents are ready, we pay the state fee and enter the data into MERSIS, Turkey's trade register of companies. After the legal entity is registered in Turkey, the company is assigned a tax number.

06

Receiving of corporate documents

Once all the necessary documents have been obtained, Maira Consult recommends opening an account with a Turkish bank. After opening the account at a Turkish bank, a certificate must be provided to the tax office.

07

Legalization of documents (if necessary)

If needed, the Turkish company's documents are sent for apostille.

08

Delivery of corporate documents

To open a business in Turkey, Ukrainians need to visit in person. After the company is registered in Turkey, you can either take the documents with you or have them sent to an address of your choice.

Answers to the Most Common Questions:

No, remote registration is not possible: Turkish law requires the director's and shareholders' personal presence for notarization of signatures before a Turkish notary. This is one of the few steps that cannot be completed by power of attorney.
Company registration by itself does not automatically grant a residence permit, but the owner of a Turkish company can apply for a residence permit (ikamet) on the basis of entrepreneurial activity, provided the requirements for investment and job creation are met.
Limited Şirket is the most common form for small and medium-sized businesses, with a simpler registration procedure and a minimum capital of 50,000 Turkish lira. Anonim Şirket is suited to large companies and plans to attract investors, involving a more complex corporate structure and the possibility of issuing shares.
Companies earning income from export activities, manufacturing, and operations in technology development zones may qualify for a reduced corporate tax rate (5 percentage points below the standard rate) or full tax exemption for companies in free economic zones.

Our Contacts

Phone

+380 97 527-66-30

Client Relations Department

+380 73 427-66-30

Address

Kyiv, 01054, Ukraine,

40B Ivan Franko St., office 207

Legal information

MAIRA LLC

EDRPOU code: 38202700

Jurisdiction: Ukraine

Working hours

Monday – Friday: 09:00 – 18:00

Saturday – Sunday: closed

We respond to inquiries within 15–30 minutes during working hours

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International Law Company Maira Consult