Europe Emirates Group can help you start your business in Turkey
Company formation in Turkey falls under the ‘LS’ private limited company structure and requires a single director and shareholder. Processing takes around 10 days to complete. Turkey is also home to several popular free trade zones.
Following company name approval, the firm will have minimum share requirements imposed upon it and the director and shareholder will need to supply approved photographic ID, with two copies of their passports, to be certified and translated by a Notary Public.
The company must register with the Chamber of Commerce and provide:
- Notarised copies of signature declarations
- Board resolutions that identify the founding shareholders of the company
- A rental contract for the company office address
- A receipt from the bank verifying that the funds are in place
- Shareholders must also provide photographs for identification purposes.
The company must establish registered office space and notify the tax office. The notary is also required to certify that legal books are in place so the company is eligible for a tax registration number. The rental agreement must also be certified by the Notary Public.
Company formation in Turkey requires that 25 percent of the initial capital be deposited into the company’s bank within three months of the company being incorporated. Within three years of that date, the remainder of the subscribed capital has to be paid.
Turkey does not permit ready-made companies to be sold. In order to establish a company, the company 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.