Business Set-up in Turkey

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Anyone wishing to set-up a business in Turkey needs to adhere to the following rules and regulations:

Submit 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.

 

Execute 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.

 

Deposit 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.

 

Apply 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.

 

Certify 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.

 

Follow 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.

Related Services

6 Lawyers Offering Business Set-Up Services in Turkey

Testimonials for our Business Set-Up service
  • Bryan Wilson
    Bryan Wilson, Mallorca

    Rosa has been an absolute Godsend and without her I would have struggled to set up my Mallorcan company.


    She has always delivered with any project that I have instructed her services on and I would highly recommend her.


    Apr 03, 2019
  • Andrea OMahony
    Andrea Omahony, Murcia

    Inma was fabulous. She was extremely professional and she answered any questions efficiently and accurately.


    Apr 01, 2019
  • Lara
    Lara, Turin

    My contact in Italy, Ilaria, was SO helpful and responsive. 100%recommend


    Jan 04, 2019
  • Nick Nicolaou
    Nick Nicolaou, Oviedo

    Very Satisfied with Miguel's work. He was very helpful and we would definitely use his services again in the future.


    Feb 20, 2018
  • Gavin Jones
    Gavin Jones, UK

    It was a real pleasure to have Miguel working on my behalf to file my non-resident taxes. He was extremely helpful, gave reassuring advice and I had a high level of confidence in the transactions.


    Miguel is now acting as my fiscal representative in Spain and I plan to continue to use his firm's services for all my tax requirements.


    Feb 19, 2018
  • Alan Villarreal
    Alan Villarreal, Banyoles

    Very satisfied with Anna's work. She is bilingual and was extremely helpful. Will definitely use her services in the future.


    Dec 15, 2017
  • Anthony Bennett
    Anthony Bennett, Barcelona

    Anna provided the best possible solution for me in my situation, and helped out as much as she possibly could.


    I would recommend her services to anybody seeking legal or financial advice.


    Oct 19, 2017
  • Robert Toth
    Robert Toth, Ireland

    Anna was very, very helpful, always happy to assist and also approachable and professional.


    I was very satisfied with the legal services.


    Feb 09, 2017
  • LP
    LP, Tenerife

    We used Rossana’s services multiple times after the first contact. She is always there when we need support, even for things that are not directly related with the services she was in charge of.


    Her charges are always very reasonable.


    Dec 06, 2016
  • P.T.
    P.T., Benalmadena

    All tax returns are handled online, so I don't need to go anywhere to accomplish my tax obligations in Spain. Although the service is provided mainly by internet, Jaime met me when necessary, and I can always contact quickly him or his team by phone, email, skype and even whatsapp.


    Jaime and his team have been really helpful during the setting-up process of my business.


    Jan 15, 2015
  • Hanna
    Hanna, Tarragona

    Since I am a foreigner, I can’t speak Spainish. My law firm provided me two lawyers – one speaks English very well and the other one is the expert in my case.


    They answered me very quickly, and handle my case in a very efficient way. Cannot find a better lawyer in Tarragona.


    Mar 29, 2014
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