The steps for a foreign person to obtain permission and follow the procedures when establishing a company in Turkey are as follows:
Research local regulations: To establish a company in Turkey, it is important to first review the Turkish Commercial Code and other relevant legal regulations. Organisations such as the Ministry of Commerce and the Chamber of Commerce can provide information on the process and legal requirements for foreigners to set up a company.
Select the company type: The most common company types in Turkey are limited liability company (Limited Liability Company) and joint stock company (Anonim Company). It is recommended that you consult with a lawyer or local chamber of commerce to determine which type of company best suits your business.
Work with a Turkish citizen: Foreigners wishing to establish a company in Turkey must work with a Turkish citizen partner or representative. This person can carry out activities as the legal representative of the company and carry out transactions in Turkey.
Determine the company name and obtain a trade name: You should choose a trade name for your company. According to the Turkish Commercial Code, although it is not obligatory for companies to use Turkish names, Turkish names are generally preferred. To obtain a trade name, you need to apply to the Trade Registry Directorate.
Apply for permits and licences: Depending on the sector in which your company will operate, you may need certain permits and licences. For example, some industries may require special permits or professional qualification certificates. You will need to apply to the relevant regulatory authorities for these permits and licences.
Prepare the necessary documents: You will need to prepare the necessary documents for company establishment. These documents usually include documents such as the articles of association stating the purpose of the company, identity documents of the partners and directors, notarised signature circular, authorisation certificate of the Turkish citizen representative. In addition, the capital designated for the establishment of the company may need to be deposited in the bank and documents related to this transaction may need to be submitted.
Register the company: You must register your company with the Trade Registry. You must apply to the Trade Registry Directorate, submit the necessary documents and complete the registration procedures of the company.
Complete tax registration: Once you have established your company, you must complete the tax registration. You have to apply to the Tax Office and organise the tax registration of your company and the necessary tax declarations.
As for citizenship procedures, there is a process to apply for Turkish citizenship through the process of establishing a company. However, citizenship procedures can be complex and may vary depending on the individual situation. It is important to contact the competent authorities for citizenship application and learn about the process and the required documents.
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Frequently Asked Questions
Yes, you can. You can set up a company without a residence.
You only need to have a passport and money to set up a company. You do not have to bring documents from your country to set up a company.
Yes, you can. You can establish a company and get a work permit as the director of the company.
No, your company will not be closed. In practice, it is not checked whether foreign company directors have a work permit.
According to the law, it is obligatory to employ 5 Turks. However, there are examples where the company manager can obtain a work permit without employing 5 Turks. 5 In order to obtain a work permit without employing Turks, the company must have a high paid-in capital and the company must be actively working. The state supports all legal commercial activities that will really benefit the country.
