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Company Formation in Turkey for Foreigners

Here are the basic steps for a foreigner to establish a company in Turkey:

  1. Consultation with the client and preparation of the company's articles of association in compliance with the regulations.

  2. Submission of the minutes and articles of association through MERSIS.

  3. Preparation of the necessary documents and notarization.

  4. Obtaining a potential tax number for the company.

  5. Deposit of a certain portion of the capital into the Competition Authority bank account.

  6. Deposit of a certain portion of the capital into the company's bank account and documentation.

  7. Application to the Trade Registry Office for registration.

  8. Notarization of certain legal books related to the company.

  9. Request for company establishment declaration from the tax office.

  10. Preparation of signature circulars.

  11. Transfer of certain company-related documents to the e-TUYS system.

  12. Other actions that may be required depending on the type and purpose of the company.

These are the most essential steps that foreigners need to take when establishing a company in Turkey. However, there are many details to be considered during the application process and the process of launching the company. Therefore, it is recommended that foreign entrepreneurs work with a lawyer or consultant during the company establishment process. Also, it is important to comply with current rules and regulations for doing business in Turkey, as legislation is subject to change.


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