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Company Formation in Turkey

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Client testimonials

"Basak is a great lawyer. She helped me through the entire process.

I am very happy with the assistance she provided, and would definitely recommend Basak to friends and anyone in need of a lawyer and professional with a problem-solving mindset."

Fabio Beccali, Antalya (May 08, 2021)
Established more than
10 years ago
Present in 20
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successfully managed

Service Details

Company Formation

Available in the following locations: Aydın, Bodrum, Istanbul, Izmir, Kocaeli , Kusadasi, Manisa .

* If your local town is not listed, a lawyer from our nearest office will be happy to assist you.

Location
Who is this service for

1Submit the memorandum and articles of association online at MERSIS

MERSIS is a central information system for carrying out commercial registry processes and storing commercial registry data electronically. A unique number is given to legal entities that are actively involved in business. Online establishment of new companies is possible on MERSIS, and already-established companies may operate through the system after the transfer of their records.

 

2Execute and notarise company documents - Obtain potential tax identity number

A potential tax identity number for the company, non-Turkish shareholders, and non-Turkish board members of the company, must be obtained from the relevant tax office. This potential tax identity number is necessary for opening a bank account in order to deposit the capital of the company to be incorporated.

 

Benefits
Requirements

3Deposit a percentage of capital to the account of the Competition Authority

At least 25 percent of the share capital must be paid in prior to the new company registration. The remaining 75 percent of the subscribed share capital must be paid within two years. Alternatively, the capital may be fully paid prior to registration.

 

4Apply for registration at the Trade Registry Office

Following completion of the registration phase before the Trade Registry Office, the Trade Registry Office notifies the relevant tax office and the Social Security Institution ex-officio regarding the incorporation of the company. The Trade Registry Office arranges for an announcement in the Commercial Registry Gazette within approximately 10 days of the company registration. A tax registration certificate must be obtained from the local tax office soon after the Trade Registry Office notifies the local tax office.

A social security number for the company must be obtained from the relevant Social Security Institution. For the employees, a separate application has to be made following the registration of the company with the Social Security Institution.

 

Procedure
Support services

5Certify the legal books by a notary public

The founders must certify legal books on the day that they register the company with the Trade Registry Office. The notary public must notify the tax office about the commercial book certification.

 

6Follow up with the tax office on the Trade Registry Office’s company establishment notification

Issuance of signature circular: After the company has been registered before the Trade Registry the signatories of the company must issue a signature circular.

 

For assistance with a company formation in Turkey, please use the contact button below

Service

7Free Support Services Included

When combined with the free and innovative Advocate Abroad support services you can be sure that you are obtaining completely transparent legal services from registered and regulated English-speaking lawyers abroad.These support services include:

  • Verification of the regulatory status of your professional.
  • Fees as recommended by the Local Professional Body
  • Fees specified in advance and legally guaranteed.
  • Service levels agreed in advance and guaranteed.
  • All professionals must hold professional indemnity insurance.
  • Professionals' proficiency in English monitored.
  • Continuous quality controls and reviews.

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