Register Company in Turkey

Yes - company incorporation through MERSIS, tax registration, and banking preparation can be handled by power of attorney with notarized translations. Some banks accept remote onboarding for transparent company profiles, while work permits and certain technopark procedures may require personal presence. One well-planned trip to Istanbul can complete the key procedures.

Registration in Turkey starts from $2,900. A Turkish company with a bank account starts from $4,900. Technopark admission is available from an additional $2,500. Renewal and accounting services start from $2,000 per year, including inflation accounting support.

Corporate tax is 25%, VAT is 20%, dividends are subject to 15% withholding tax, and employer social security contributions are around 22.5%. Exporters may qualify for additional tax incentives. Software and R&D income generated within technoparks may qualify for corporate tax exemptions, subject to the applicable requirements. Inflation accounting is also important: when the relevant conditions are met, financial statements are adjusted, which can affect taxable income.

Companies must go through an admission process to join a technopark. Software and R&D businesses that meet the applicable requirements may qualify for corporate tax exemptions on eligible profits, social security incentives for R&D employees, and VAT exemptions for certain software transactions. The conditions and duration of these benefits depend on the specific regime and project status.

The Turkish market supports transactions in both Turkish lira and foreign currencies. For international companies, it is important to structure incoming payments, contracts, and accounts in advance to manage foreign-currency transactions effectively. We establish this structure before the first payments are made.

It is a statutory adjustment of financial statements when the conditions established by law are met. Assets, equity, and depreciation are restated using the applicable coefficients, which can affect financial results and tax calculations. Accounting procedures should, therefore, incorporate these requirements from the beginning.

Its main scope covers industrial goods that can move between Turkey and the EU without customs duties when applicable rules of origin are satisfied. The agreement does not cover services, while agricultural products are subject to separate arrangements. Companies using components from third countries must also take origin requirements into account.

Employer social security contributions are around 22.5%, while statutory payments upon termination create an additional financial obligation. Turkish employment law provides for severance compensation, generally calculated based on the employee’s length of service. These costs should be considered when planning the workforce from the first hire.

Yes. The program provides a route to citizenship through a qualifying real estate purchase of $400,000 or more, subject to the applicable conditions. This is a separate route for individuals rather than a corporate requirement. It can be handled alongside company formation when needed.

Company registration through MERSIS takes 3-10 days. Opening a bank account takes 1-3 weeks. Technopark admission takes 3-10 weeks, depending on the park and project. Work permits generally take 4-8 weeks. With documents prepared in advance and the procedures properly sequenced, an operating Turkish company with a bank account can be established in approximately one month.

The required documents include founder identification documents, a power of attorney when using a representative, notarized translations, and company information. The exact requirements depend on the chosen structure and type of activity.