establish company in turkey

Turkey is rapidly stepping into the business world, expanding finance vastly at an increased rate as compared to before. So, it has the right to exist as a commercial body, according to the economic statistics.

It provides facilities to the investors, the way it deals with both Arabian and foreign markets, openly. Turkish manufacturer is a trademark for its productions’ high quality.’

Today we will talk about establishing a company in Turkey and how to start investing. Previously, we explained (Types of companies in Turkey) as well as (Investment Opportunities in Turkey).

To officially work in The Republic of Turkey, you must set a commercial company. OK TAMAM helps you in doing this, in addition to recruiting accountants, administrators, and technicians, etc.

The Steps of Establishing a Company in Turkey

First: The Company's Headquarters

According to Turkish Law, to establish a company in Turkey, the company must have a headquarters in the country.

There are two choices to get either a virtual or a real headquarters: –

The first choice is to get a location that will be an actual place owned by the company. Other than this, renting option is also available. To rent a place, will cost you approximately 1500 to 2000 Tl monthly, in addition to other expenditures such as commission, etc.

The second option is to get a virtual place (Virtual Office in Turkey); which is a 100% legal address given to you by the state but is not a real place for your business.

Second: Capital of The Company

The capital of the company is the main point; as Turkish law has specified, to establish a company, the minimum capital should be 10.000 Tl. This amount of money cannot attain you any sovereignty, because Turkish law deals with the company according to its cap value. So, if you set 100.000 amount as your company’s capital it will be useful for you to:

  • Getting a work/residence permit.
  • Have the ability to join the commercial organization as TURSAB, Musiad, and others.
  • Be able to perform deals or export and import goods in accessible ways.

NOTE: It is not necessary to deposit the capital in the bank during the establishment process, the amount has to be deposited before applying for the work permit or within 24 months from the date of establishment.

Residence-Work-permit-in-Turkey

What are the benefits of establishing a company in Turkey by OK TAMAM GROUP?

You will be able to get multiple benefits such as:

  • Legal and business consultations for free for up to 2 years.
  • Discount on registering your logo and slogan to protect your trademark.
  • Help in getting the landline, internet, and mobile lines for your company.
  • Submitting your company’s website to Google Search engine, and getting it accredited as a Turkish company, for free.
  • For the first year, you get a free company book, to be used by your bookkeeper.
  • Getting help in finding a suitable place for the headquarters, within your estimated budget.
  • We ensure that all formalized processes and procedures for establishing your company in Turkey are fully completed and authorized without any hidden fees.
  • We provide you with a 100% legal, free virtual address, for up to 2 years. So, you can start your business in Turkey immediately, and can get enough time to find the most suitable place, without any hurry. After that, you can change your address easily, or you can continue using the virtual address, but with an additional cost that will be explained later.
  • Merchant Card: Provides business people “trader cards” which identify them as an owner of a business in Turkey, in addition to the benefits of getting conduction for some hotels, restaurants, and health centers.
  • Registering your domain name (com.tr) and hosting for free for up to 2 years.
  • OK TAMAM will help you to appoint a bookkeeper (legal accountant) and suggest some accountants we trust and work with.
  • Helping you to get furniture for your office according to your specifications and budget.
  • 50% discount on your website and mobile application development.

NOTE: All the mentioned services will be provided according to the package that you will choose.

Request Free Consultation
why investment in Turkey

Procedure of Establishing a Company

Now let’s discuss the procedure of establishing a company in Turkey:

Before setting a company we need to specify the type of company, we would like to establish.

We have talked before about the companies types in Turkey, The company type depends on the company size, as the following:

  • Limited liability company
  • Joint-stock company
  • Limited partnership corporate
  • Partnership company

Required Documents:

OK TAMAM does not ask for any special documents, all you need is to have a valid passport and we will get all the required documents for you, as:

  • A copy of the passport, translated into Turkish and notarized (we do it for you).
  • Your private tax number (we get it for you).
  • Security approval allows you to establish your company in Turkey (we get it for you).

Company's Expenses in Turkey

First: The Bookkeeper

The Bookkeeper here is the person who is responsible for the company’s accounts in front of the state and not the internal accountant of your company.

The role of this accountant is to record and receive your invoices, expenses, and purchases at the end of the month and to share them with the state. Turkish law requires the presence of this accountant, as the absence of a statement may lead to the closure of the company. The monthly expense of an accountant is around 750TL.

Second: The Company's Books

The Company’s Books are the ones in which the company’s accounts are recorded and delivered to the State at the end of the year, the cost of the books is 2150 TL, annually.

Third: Corporate Tax

Corporate taxes includes annual taxes, quarterly taxes, and rent taxes. The total costs of these taxes are around $1100 yearly.
Types of Companies in Turkey

Implementation Stages

First stage: The Executive Stage

OK TAMAM will set a meeting for you with the auditor, to discuss the best choices for the company. The session will take about one hour.

At this time, the establishment contract of the company will be made. It will specify the manager, the activities, and the address.

Second Stage: Tax Circuit

After the completion of the establishment contract and getting it ratified, OK TAMAM will obtain a tax number for the company.

Third Stage: Opening of a Bank Account For The Company

You will be able to deposit the company’s capital and get a deposit receipt.

Now our representative will complete all the procedures with the trade chamber, till getting the registered number of the company.

Fourth Stage: Signature Ratification

After examining all required documents, you should ratify your signature in the presence of the officials.

Need Detailed Information?

You can fill out a request form to receive an email for detailed information about establishing companies in Turkey.
Request More Info

We are always available to talk

If you have any questions about establishing companies and starting businesses in Turkey, contact us now
CONTACT US NOW

41 Comments

  1. I want to start a air ticketing business in Istanbul . So, i want to get detailed information about legal formalities for commencement and initial expense to start the said business.

    Reply

    • At first, you must establish a company, you can check the prices list through this link
      https://oktamam.com/en/price-list-establish-company-turkey/
      Then you must apply for a Tourism license after completing your companys capital and get your work permit.
      Here is some information regarding the Toursim license:

      . You must have a special office just for tourism without doing any other activities in this office.
      . You must hire someone who has an Education degree related to Tourism, e.g.: Hotel management.
      . It has to be someone who can speak English (it will be better if he is a Turkish citizen).
      . We will apply to the Ministry of Tourism, and normally the response takes up to 3 months.
      . After the approval, you have to choose between three options, and the Bank will block money according to your choice from the following:

      1- 7000 TL: for general tourism activities.
      2- 6000 TL: if you’re planning to sell tickets.
      3- 5000 TL: for doing tours for Turkish citizens.

      . Upon the cancellation of the license, the reservation will be canceled.
      . The government fee for (TURSAB) license is 45.200 TL (non-refundable).
      . The annual fee for this license 5% 2260 TL (Yearly Subscription).
      . The company which going to handle these procedures will charge you 7000 TL.

      Reply

        • Hi Ms. Susan, I’ve just sent you all the needed information about establishing a company in Turkey on your Email address, you can check it out.
          You can contact me if you have further questions.

          Reply

          • hi omar,
            can you send the information to me too?
            how to register a new business in turkey ,Istanbul?

        • Greetings

          I would like to have more information about how to start an online business, in Turkey, base on wholesale and retail selling of Turkish goods such as clothes, shoes, bags, and accessories. including shipping of good to clients when purchased online through cargo.

          Looking forward to your assistance.

          Thank you.

          Reply

          • Dear Joseph,
            Company establishment information will be sent to your email address, please check

  3. Hello,
    I already have a working permit since i am emplyed in Turkey, but i want to have my own small business on the side as well by selling hand-made goods. (crochet t-shirts, scarfs etc)
    May i open my own business eventhough i already have an existing job?
    I want to do the sales online, so no physical shop or office is needed of me. Bacause of doing the sales online, it was required of me to have a TAX NUMBER which i do not know how to take it. How can you help me about this.

    Reply

  4. I want to start import and export business. I have alreasy TRC – Red card and i also tax no is same tax number used for company or need new one and also told me how much capital need for import and export business. One think tell me more whats its licence free.

    Thanks and oblige

    Reply

  5. Hello guys, I am planning to open a logistics and consulting company in Istanbul and I need information from you guys. I have graduated from Istanbul University in the past 2 years. I need full information from you. thanks for your assistance.

    Reply

  6. Hello,
    I will like to start a African fashion home here in Turkey. I already have a resident permit. Please I will like to know more about your charges and how much it will cost me to register a business .

    Reply

  7. Hi Omar,

    I am looking to start the Turkish Travel/Tour agency, but want to establish it online without any physical office presence. Kindly guide me the process and your charges.
    Thank you.

    Reply

    • Hello,
      can you please contact me through email, or directly via WhatsApp on this number 00905495258000 so we can be able to discuss more
      I need to know more details about your business plan

      Reply

  8. hello,

    for establishing a company in Turkey, is there a need to hire a Turkish person for managing the company?
    İ have a firm in Europe and I wanted to establish a company in Turkey too and be the manager of it myself.
    is it possible?

    Reply

    • Hello,
      You can establish and be the only owner and manager of the company without the need to hire any Turkish citizen.
      I have sent some information regarding company establishment in Turkey to your email address, kindly check

      Reply

  9. Good day sir. I want to start a business in Istanbul, Turkey. I already have the money to set up the business, but i don’t have Turkey residence permit. I have overstayed for over one year. Can i still set-up the business?

    Reply

  10. Hello
    Can i have information if i want to open a restaurant in İstanbul in Mall. What will i need to. How can i start. Especially if i think to be franchisee.

    Reply

    • Hello,
      We have sent you some information about company establishment in Turkey, in addition to the available franchises for now, kindly check your email

      Reply

  11. Hi
    I am intent to establish an import/export company here in turkey. However I am not yet ready to rent physical business premises, A-is it possible to do that and B-what is the estimated cost of establishing such a company.

    Reply

  12. Hello,

    I would like to have more information about how to start an online business, in Turkey, based on dropshipping and worldwide wholesale and retail selling of Turkish goods such as clothes, shoes, bags, and accessories.

    Looking forward to your assistance.

    Thank you.

    Reply

  13. Hi,

    Which type of company can allow to sell turkish clothes within turkey and outside turkey? how much capital is required? Do you also provide services to open business bank account ?

    Please guide.

    Reply

  14. Hi.
    My name is firdaous I’m a foreigner living in istanbul, i want to start my own business, if you can help me with some ideas.

    Please guide

    Reply

    • Hello,
      Kindly contact us directly via WhatsApp on this number to discuss setting up your business
      0090 551 448 51 81

      Reply

  15. We have a Not for Profit Organization out of Turkey with more or less 7 years. Now we want to register it (not a company) here in Istanbul. Is there any instruction or guideline to understand the requirements?

    Reply

  16. Dear Manager, Great work.
    I am currently in Turkey,arrived on monday and here few more days. Urgently would like to inquire costs for setting up my Travel agency,also my holding company headquarters. am attending WCI FORUM at WOW CONVENTION CENTRE.

    Reply

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