Special Services in Turkey for International Lawyers and Accountants

Company Registration in Turkey

We are a specialized company registration agency that helps clients from all around the world expand into the Turkish market. Our team consists of experienced professionals who provide company formation, consultancy, and accounting services in Turkey. If you want to take advantage of the opportunities Turkey offers and grow your business, contact us.

Since 2011, we have expanded our operations as JİT DANIŞMANLIK to better meet our clients' needs. Our areas of expertise include company registration, accounting, and tax advisory services. These services are particularly aimed at foreign clients looking to operate in Turkey.

Quick Facts About Company Registration in Turkey

Types of Companies

  • Limited Liability Company (LTD)
  • Joint Stock Company (A.Ş.)

Minimum Capital Requirements

  • For LTD Company: 10,000 TL - No prepayment required, can be paid within 2 years.
  • Minimum number of shareholders for LTD: 1

Incorporation Time Frame

  • 3-4 days for individual shareholders
  • 7-8 days for legal entity shareholders

Tax Rates

  • Corporate tax: 25% for 2021, 23% for 2022
  • Dividend tax: 15%
  • VAT Rates: 1%, 8%, 20%

We provide company incorporation services for investors who wish to start a business in major cities across Turkey.

Types of Companies in Turkey

Joint Stock Company (A.Ş.)

Joint stock companies are generally preferred for large operations. This type of company requires a larger capital and shares can be made public. The advantages of setting up a joint stock company include:

  • High Capital Requirement: Minimum 50,000 TL capital required.
  • Publicly Traded Shares: Shares can be traded on the stock market.
  • Limited Liability: Shareholders' liability is limited to their investment.
  • Board of Directors: Must have at least one board member.

Limited Liability Company (LTD)

Limited liability companies are the most popular type for small and medium-sized enterprises. The advantages of setting up an LTD include:

  • Low Capital Requirement: Minimum 10,000 TL capital required.
  • Single Shareholder: Can be established with just one shareholder.
  • Limited Liability: Shareholders' liability is limited to their investment.

Commandite Company

Commandite companies have both limited and unlimited liability partners. The advantages of setting up a commandite company include:

  • Separation of Investment and Management: Unlimited liability partners manage the company, while limited liability partners provide capital.
  • Flexible Structure: Suitable for both investors and entrepreneurs.

Collective Company

Collective companies are suitable for small businesses where all partners have unlimited liability. The advantages of setting up a collective company include:

  • Decision-Making Authority: All partners have a say in the management of the business.
  • Ideal for Small Businesses: Suitable for small and medium-sized enterprises.

Cooperative Company

Cooperative companies are owned and managed by their members, who share the profits. The advantages of setting up a cooperative company include:

  • Member Control: Managed by its members.
  • Profit Sharing: Profits are distributed based on the level of participation.

Documents Required for Company Formation in Turkey

The documents required for registering a company in Turkey depend on whether the shareholders are individuals or legal entities. For individual shareholders, two copies of their passports or IDs are needed. For legal entities, the following documents are required:

  • Articles of Association: Translated into Turkish and notarized.
  • Certificate of Registration: Translated into Turkish and notarized.
  • Board Resolution: Resolution for establishing a company in Turkey.
  • Authorized Representative Information: Details of the person representing the company in Turkey.
  • Manager Passport Copies: Copies of the passports of the company's managers.

Steps for Company Formation in Turkey

The following steps need to be completed for company registration in Turkey:

  1. Select Business Form: Choose a business form that meets the requirements of the Turkish Commercial Code.
  2. Reserve Trade Name: Reserve a unique trade name for the company.
  3. Prepare Documents: Submit the necessary documents to the Turkish Trade Registry to obtain the Certificate of Registration.
  4. Open Bank Account: Open a bank account and deposit the share capital.
  5. Submit Incorporation Documents: Obtain tax identification and VAT numbers, and register for employment.

Tax Registration in Turkey

Tax registration is a crucial step in the company formation process in Turkey. This allows the company to account for all its commercial transactions. The documents required for tax registration include:

  • Articles of Association: The original document.
  • Request Form: Issued by the local tax office.
  • Address Document: Indicating the company’s local address.
  • Power of Attorney: If the process is handled by a third party.

Business License Application in Turkey

If the company will undertake specific activities, a business license application must be completed. In this case, specific licenses and permits must be obtained from the relevant authorities. For more information on business licenses and permits, please contact us.

Advantages of Doing Business in Turkey

Turkey offers various advantages for investors, including:

  • Strategic Location: Positioned at the crossroads of Asia and Europe.
  • Young and Dynamic Population: Enhances the labor force potential.
  • Wide Market Access: Large domestic market and a gateway to regional markets.
  • Tax Advantages: Low corporate tax rates and tax exemptions.
  • Government Incentives: Various government supports for foreign investors.

Company Registration in Turkey - English-Speaking Local Team

We offer business consultancy services for foreign investors looking to establish companies in Turkey. Our English-speaking local team consists of experts who understand the Turkish business environment and legal requirements. Our goal is to provide a smooth transition for businesses entering the Turkish market.

Business Consultancy Services in Turkey

Expert Guidance

Our English-speaking consultants guide you step-by-step through the company formation process. Our team, well-versed in local regulations and procedures, ensures that all legal requirements are met.

Tax and Legal Consultancy

Our expert legal advisors and tax consultants help you maximize tax advantages and ensure compliance with regulations. We provide information on tax exemptions, reductions, and incentives to optimize your business costs.

Market Analysis and Strategic Planning

We offer detailed market analyses and strategic planning services to help you capitalize on opportunities in the Turkish market. Our services include competitive analysis, market trends, and growth strategies to support your business success.

Administrative and Operational Support

We handle all necessary administrative and operational tasks for you during the company formation process. This includes setting up offices, opening bank accounts, tax registration, and other official procedures.

Local Network and Relationships

Our strong connections in the local business community help you grow your business quickly. We introduce you to potential business partners, suppliers, and customers to strengthen your presence in Turkey.

Contact us to learn more about our business consultancy services with our English-speaking local team and make a successful start in Turkey. Take advantage of the unique business opportunities Turkey offers and grow your business on a global scale!

Now is the Time to Do Business in Turkey

The tax advantages and government incentives of establishing a company in Turkey offer great opportunities for your clients. By collaborating with accountants from different countries, you can make the most of these opportunities. The profit-sharing model ensures that both you and your business partners benefit. Take action now and introduce your clients to the unique opportunities Turkey offers to help them grow their businesses!

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