- August 24, 2020
- Posted by: admin
- Category: Blog
As explained in earlier articles nowadays company registration in Turkey is very popular. One of the most crucial points for company opening in Turkey is the accuracy of the required documents. Therefore, one of the most frequently asked questions by the entrepreneurs are which documents do I need for company registration in Turkey? In this article we will answer this question for LLC opening in Turkey. The process is almost the same for other types of the companies.
The shareholder of the company can be either a legal entity or a real person. Such alternatives are affecting the required documents for opening a company in Turkey. Additionally, the client may wish to physically visit Turkey for opening a company or may follow up the process remotely. Therefore, when we are answering the question which documents do I need for company registration in Turkey?, we will consider such preferences.
The Required Documents for Opening a Company in Turkey with Real Person Shareholder
If the client is visiting Turkey with only his/her passport this will be sufficient for company registration in Turkey. The required documents can be generated in Turkey. This will be both more cost effective and easier. An accountant or a lawyer may accompany the client to the notary public in Turkey. At the notary, a power of attorney will be generated for the company registration in Turkey also the passport of the client will be translated into Turkish and notarized. Briefly, if the client is visiting Turkey
- Notarized and translated passport copy of the client
- Notarized Power of Attorney
Though the required documents are the same If the client is not visiting Turkey the process to be followed is different.
- Notarized and translated passport copy of the client, such notarization shall be made by Turkish Consulate. If the client is from a country party to the Hague Apostille Convention the apostilled documents are sufficient as well.
- Notarized Power of Attorney, similar to the passport copy it can be notarized by Turkish Consulate or can be apostilled. The draft of the Power of Attorney should be provided by the accountant or lawyer whom giving the service.
All those documents should be translated in to Turkish language by sworn translator.
The Required Documents for Opening a Company in Turkey with Legal Entity Shareholder
In terms of required documents this option is may seem more complex. Even though the client is visiting to Turkey there are some paperwork needed at the country of origin. In this section we will explain each type of document one by one.
1-Certificate of activity of the investor company: It is a corporate document of the company which is going to be a shareholder of the company to be opened in Turkey. Such document should show that, the shareholder company is duly registered in the country of the origin and it is still active. Such document should be obtained from the relevant authority of the country of origin. Secondly, it should be attested by the notary public of the country of origin. Thirdly, the document should be translated into Turkish by the translator listed by Turkish Embassy/Consulate. Finally, the document should be notarized by Turkish Consulate/Embassy. If the client is from a country party to the Hague Apostille Convention the apostilled certificate of activity of the investor company will be sufficient.
2- Power of attorney: Power of attorney should be given by the company to be a shareholder in the company to be registered in Turkey. This should be given by the company and undersigned by authorized representative. The power of attorney should be notarized by Turkish Consulate/Embassy or apostilled.
3- Shareholders’ assembly resolution: Such resolution shall include two points
- a- The company will be a shareholder of a company in Turkey
- b- Selecting a board member for the company to be registered in Turkey
Similar to certificate of activity, the steps should be followed for the notarization.
In conclusion, the document preparation for company registration in Turkey is very important. Therefore, after making a decision please consult an expert.