You want to form a company in Turkey, but the procedures are unclear for you. Please contact us for free consulting

FAQ on Company Formation in Turkey

  • Is company formation in Turkey possible without a Turkish partner?

Yes, it is not necessary to have a Turkish partner for company formation in Turkey

  • How many partners do I need for Company Formation in Turkey?

You can establish a LLC (Limited Liability Company) by a single partner.

  • Do I need to come to Turkey to complete the company establishment process?

No, we can complete the process on your behalf through the power of attorney provided by you. However, after the company formation in Turkey, the presence of an authorized signatory is necessary for some procedures.

  • Do I need to rent an office for company formation in Turkey?

Yes, however, you can establish a company in a virtual office which is very cheap to rent.

  • Do I need to have a work permit or resident permit for company formation in Turkey

No, you do not need any kind of permit for company formation in Turkey.

Company formation in Turkey is easier than you think. Please find below the infographic about the process.

Company formation process in Turkey

Forget the procedures, focus on your business in Turkey. Because setting up a business in Turkey is easier than you think.  Besides that, if you want to establish a company in Turkey, initial consulting is completely free. Please feel free to ask us.

Steps for Company Formation in Turkey

The most advised company type for foreigners is LLC. LLC Company Formation in Turkey can be made with a single partner. To establish a LLC type of Company in Turkey you do not need to come to Turkey physically at the establishment phase.  Since the process can be completed by PoA (Power of Attorney) provided by you. Also, the below documents are required for LL Company Formation in Turkey ;

  • 1- Power of Attorney for Company Formation, 2 original pcs
  • 2- Fill the form of address declaration and sign it (for partners/founders 1 person is sufficient)
  • 3- Passport photo of the partners/ shareholders4 pcs (1 person is sufficient)
  • 4- Passport copy 4 pcs, officially translated to Turkish (the translator at the consulates can do this)

ALL THE ABOVE DOCUMENTS ARE REQUIRED TO BE APPROVED BY TURKISH CONSULATE

Steps for Company Formation in Turkey

You want to form a company in Turkey, but the procedures are unclear for you. Please contact us for free consulting

THE LEGAL REQUIREMENTS OF THE COMPANY

The requirement of an office for your Company.

To establish a company a legal address is required. However, virtual office or home office is acceptable by Turkish law. The average monthly fee for virtual office is lower than the other countries. We do not have a virtual office service, however we do let you connect our partner virtual office provider without any markup. Our partner virtual office provider is one of the most economical in the market.

The requirement of a resident permit after company formation in Turkey

If you are going to live in Turkey, you also require to have a resident permit. This is a separate process. Company formation does not automatically grant you resident permit, however having a company will make your resident permit process easier. We also give you a service for a resident permit, please consult is with this regard.

The requirement of a work permit after company formation in Turkey

If you are the single shareholder and director of the company, you do not need work permit. However, if you are going to employ a foreigner, you require a work permit.

The minimum required capital for Company Formation in Turkey

The minimum capital required is 10.000-TL for LLC. However, you do not need to make this payment at the beginning. You can make this payment within 2 years.