Comprehensive Guide to Establishing a Company in Turkey

Comprehensive Guide to Establishing a Company in Turkey

Establishing a company in Turkey offers significant opportunities for both local and international investors. However, it involves several essential steps and legal procedures. This comprehensive guide will walk you through the process, ensuring that you have all the necessary information to make your business venture a success.

1. Choosing the Type of Company

The first step is to determine the type of company you want to establish. The most common types of companies in Turkey are:

  • Joint Stock Company (A.Ş.)
  • Limited Liability Company (Ltd. Şti.)
  • Sole Proprietorship
  • Commandite Company
  • Collective Company

Each type of company has its own legal and financial implications. For example, a Joint Stock Company allows for greater capital and shareholder options, while a Limited Liability Company is simpler and suitable for smaller businesses.

2. Preparation of the Articles of Association

The Articles of Association is a critical document that outlines the fundamental details of your company, including:

  • Company name and address
  • Business activities and objectives
  • Capital amount and shares
  • Information on shareholders and their respective shares
  • Administrative and supervisory board details

This document must be notarized to be legally valid.

3. Company Address and Office Setup

You must determine the physical address of your company. The address must be a commercial property suitable for business activities. This step also includes setting up your office with the necessary infrastructure, furniture, and equipment.

4. MERSİS Registration

The Central Registration System (MERSİS) is an online platform where you can initiate the registration process of your company. You will need to:

  • Create an account on MERSİS
  • Prepare and submit your Articles of Association
  • Complete the necessary online forms and applications

5. Application to the Trade Registry Office

Once your MERSİS registration is complete, you must submit the required documents to the Trade Registry Office. These documents typically include:

  • Notarized Articles of Association
  • Proof of address
  • Copies of shareholders' IDs
  • Signature declarations
  • Bank receipt showing the initial capital deposit

The Trade Registry Office will review your application and, upon approval, officially register your company.

6. Obtaining a Tax Number and Registering with the Tax Office

After your company is registered, you need to obtain a tax number from the local tax office. This involves:

  • Filing the necessary forms
  • Providing copies of your registration documents and Articles of Association
  • Getting your company books certified by a notary

7. Social Security Institution (SGK) Registration

If you plan to hire employees, you must register with the Social Security Institution (SGK). This ensures that you comply with labor laws and provide social security benefits to your employees.

8. Obtaining Necessary Licenses and Permits

Depending on your business activities, you may need specific licenses and permits. For instance, if you are in the food industry, you will require health and safety permits. Make sure to research and apply for all necessary licenses to operate legally.

9. Publication in the Trade Registry Gazette

Once your company is registered, an announcement must be published in the Trade Registry Gazette. This step is essential for the public disclosure of your company's establishment.

10. Opening a Corporate Bank Account

Finally, you need to open a corporate bank account. This account will be used for all financial transactions, including the initial capital deposit required during the registration process.

Why Choose Our Company Formation Services?

Establishing a company in Turkey can be complex, but with our expert guidance, you can navigate the process smoothly and efficiently. Our services include:

  • Professional preparation and notarization of the Articles of Association
  • Assistance with MERSİS registration and Trade Registry Office applications
  • Comprehensive tax and social security registration support
  • Guidance on obtaining all necessary licenses and permits
  • Timely publication in the Trade Registry Gazette
  • Ongoing business advisory and support services

By choosing us, you ensure that every step of your company formation is handled with precision and expertise, allowing you to focus on your business goals. Contact us today to start your journey towards establishing a successful business in Turkey.

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