Turkey Company Formation Requirements
What are the requirements for company formation in Turkey? Turkish corporate law stipulates that an entity must have a single director and shareholder, and the director must go to Istanbul and complete the registration process. The company director must also visit the Tax Office so that the agency can ascertain that the business is functioning as declared.
What are the other requirements for company formation in Turkey?
The director and shareholder will need to submit photo identification. The company must establish registered office space and notify the tax office. The notary must certify legal books are in place for a company to receive a tax registration number. You must also get a Notary Public to certify the rental agreement. You must deposit 25% of share capital in a bank within three months of incorporation.
The documents you must present with the Chamber of Commerce as part of the company formation requirements in Turkey are:
- Notarised copies of signature declarations
- A rental agreement for the corporate office
- Board resolutions identifying the company’s founding shareholders
- Two certified, translated copies of the director and shareholder passports by the Notary Public
- A receipt from the bank verifying that the required 25 per cent share capital is in place
- Payment of the rest of subscribed capital within three years
- Minimum share requirements
- Shareholders need to provide paragraphs