Registration of a company in Turkey

Name of service Bronze Silver Gold Platinum
Company name verification and reservation (Limited Şirketi) Verifying the availability and reserving of your preferred company name in the registry
Company registration (Limited Şirketi) including government fees Preparation and submission of all required documents and fees to the relevant government authorities for company registration, ensuring a streamlined process for our clients
Registration of a company in the State Registry of Turkey (MERSIS) Obtaining confirmation from state authorities that your company has been entered into the state register of Turkey (MERSIS)
Statutory documents of the company Preparing a comprehensive package of incorporation documents for any form of company ownership
Certificate of incorporation Provision of international standard certificate of incorporation for your company
Company seal Production of the company seal
Assistance in opening an account in: Emlak, Ziraat, Vakif Collecting, processing and filing the necessary documents for opening a corporate account with a local bank
Personal support at the bank when opening an account Organization of a meeting with a representative of the bank, personal support
Assistance in opening a personal bank account Collection, processing and filing of the documents required to open a personal account, including consultation of appropriate jurisdiction
Registration of a company in the Free Zone Assistance in registering a company in the free economic zone of Turkey and obtaining an appropriate license to conduct business
Provision of an office in Turkey Search and provision of a real office for a company that fits all requirements set forth by the client
Free consultation We offer a free consultation where you can discuss your needs and questions regarding company registration and management. Our experts will be happy to help you understand the process and provide guidance based on your situation. We are happy to answer your questions and help you make an informed decision about the services you need
Total cost
2500 USD 4700 USD 5700 EUR 12500 USD
Provision of a legal address for 1 (one) year
1200 USD 1200 USD 1200 USD 1200 USD
Remote company registration with transfer of authority
500 USD 500 USD 500 USD 500 USD
Accounting services
350 USD 350 USD 350 USD 350 USD

Deal of the month

If you will register a company until 29th of February,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

For many years, Turkey has attracted foreign companies thanks to its stable and advantageous investment climate, government support for business, lack of strict restrictions on the residence of citizens, variety of business forms, etc. If you decide to become present in this country, your business arrangement may be formalized in one of these forms.

Major Forms of Legal and Business Presence

Typically, company registration in Turkey is performed in one of these two major forms:

  • Limited Liability Company – an entity where the financial liability of its members is restricted to the amounts contributed to this company. Authorized capital should be at least TL 10,000. The minimum composition of a company is one shareholder and one director with no residency requirements. The maximum number of participants is 50, in this case.
  • Joint Stock Company – an enterprise where the liability of shareholders is restricted to the amounts contributed to their shares also. Such a company may offer under certain conditions its shares to the public involving this way extra financing. The minimum share capital of TL 50,000 is required for this type of company. The minimum composition is one individual or legal entity. The legislation established the mandatory formation of the board of directors and the conduction of general meetings. The board of directors should have at least one member, the use of nominal service is allowed.

Registration Requirements and Steps

If you want to incorporate a company in Turkey, the formal registration procedure covers these preliminary registration steps:

  • Defining your business goals and priorities.
  • Choosing and verifying a business name for a future Turkish enterprise.
  • Collecting data about the founders, beneficial owners, and managers of the anticipated company.
  • Arranging the business address for a future entity.
  • Opening an account in a Turkish bank with placing to it an amount equal to ¼ of the value of authorized capital (for a joint-stock company).
  • Drafting and formalizing statutory documents for the future Turkish enterprise.
  • Collecting and submitting the set of required documents to the registrar.
  • Registration for tax and social security purposes.
  • Obtaining licenses and special permits (if such are required for conducting certain types of business activities).

Legal and Regulatory Framework

As a result of recent changes in the legislation, there is a significant simplification of the procedure of company registration in Turkey. Loyal legislation provides strong support to foreign entrepreneurs. This has increased the attractiveness of the jurisdiction. There can be created a company backed by 100% foreign capital. The Director of the company may be not only a resident of Turkey.

The major legal acts regulating the operation of companies in Turkey are the Commercial Code and the Capital Markets Law. The major state authorities regulating the activities of local companies are the Turkish Commercial Registry, the Ministry of Industry and Technology, and the Capital Markets Board.

Tax System

If you are considering an option of company incorporation in Turkey, these preliminary tax highlights may be very helpful while this consideration:

  • Corporate income tax (CIT) rate – 23%
  • Personal income tax (PIT) rate – 40 %
  • Value-added tax rate – 18 %
  • Withholding tax (for foreigners) – (i) dividends - 15% (ii) interests - 10% (iii) royalties - 20%.
  • Capital gains tax rates – (i) corporate – equals to the basic CIT rate (ii) individual – equals to the basic PIT rate.

The system of taxation is also determined by the status of the enterprise. Stamp duty is levied on contracts, letters of credit, promissory notes, and other documents. The amount of payment is a percentage of the value of particular documents.

Advantages of the Jurisdiction

Turkey attracts foreign capital creating favorable conditions for the development of foreign companies. There are a number of benefits that entrepreneurs get by registering a company here. The most important of them are as follows:

  • Trustworthiness of the jurisdiction.
  • Simple and accessible registration.
  • Developed infrastructure. Turkey's economic and banking spheres are developed well enough to stimulate investors to invest their capital here.
  • Existence of special investment zones: industrial – with preferential crediting, taxation, and the cost of energy resources; technological development zones; free zones – are stimulating export-oriented investment flow.
  • A possibility to expand business through access to international markets.

How Prifinance Specialists May Help You

Registration of a company in Turkey is a simple and inexpensive process. Prifinance experts have an excellent knowledge of the nuances of the law, providing support at all stages. Prifinance staff consists of professionals with extensive experience who perform the registration of companies in the shortest possible time following all legal requirements and customer’s wishes. It is important to note that for each client we have prepared a special offer where it is enough to make a 30% down payment only. The remaining amount you pay after receipt of all documents confirming the completion of the registration procedure. Reach us shortly for more precise discussions and suggestions.

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