Learn how to establish a company in Turkey from abroad, what are the required documents, and what legal procedures do you need to follow? This section is based on the principles of OK TAMAM Group for helping investors from all over the world to start and expand their investments in Turkey.

Many investors and businessmen want to establish a company in Turkey from abroad. The purpose is to get investment opportunities in Turkey, as the Turkish economy is one of the fastest-growing and stable economies in the light of difficult times. Besides this, the Turkish government makes an extraordinary effort to attract businessmen from all around the world by providing facilities and ordinances, in the interest of the investors.

Some nationalities face difficulties in getting a visa for Turkey, which can lead them to establish a company and extract work residency in Turkey. So they can get the chance to settle down and grab investment opportunities, which helps them in the future to get Turkish citizenship. Other investors also resort to establish a company in Turkey from abroad, to save time.

Steps to establish a company in Turkey from abroad

First step : Preparation of Company’s Article of Incorporation

Communicate with one of the specialists in OK TAMAM Group and determine the basic information of the company. This includes the name, the partners, shares, the areas of activity of the company, and the company’s declared capital.
Following this, the company’s article of incorporation will be prepared and submitted to the Chamber of Commerce.
The company’s article of incorporation is a document that includes a set of terms and conditions that are approved by the founding partners. It is to be submitted to the Chamber of Commerce to register the company and extract the commercial registry for it.

Second step : Doing Power of Attorney

Doing power of attorney (POA) for one of the investor representatives, or one of the experts in OK TAMAM Group at the Turkish Embassy in the investor’s country. Also, to send the (original file) of the power of attorney (POA) to OK TAMAM group’s address in Turkey to begin the incorporation procedures.
The power of attorney (POA) form will be sent to you by the specialist you communicate with at OK TAMAM Group. It (POA) is an official document that will be done at the notary or the embassy of a certain country, outside in which a specific entity or a person is authorized by another entity or another person to perform specific procedures that are specified in the power of attorney (POA).

Third step : Getting Authorization Signature

After extracting the necessary documents from the Chamber of Commerce in Turkey, a copy of the documents will be sent to the investor by OK TAMAM Group. These documents are to be submitted to the Turkish Embassy to do the authorization signature as a company owner, and another power of attorney (POA) for the chartered accountant (bookkeeper) in Turkey. This whole process will be carried out by OK TAMAM Group and the (Original extracted files) will be sent back to Turkey.
An authorization signature is an official document that will be done at the notary or the embassy of a specific country abroad. It is based on the extracted documents from the Chamber of Commerce, which includes the company’s information in general in addition to the official signature of the partners or the owners of the company. It is used in any transactions related to the company.

After all these procedures, your company will be officially registered in Turkey

Last step : Opening the company's bank account

The procedures for opening a bank account differ from one bank to another. Some banks can open a company account through the power of attorney (POA) while others require the personal presence of the investor.

Opening a bank account by power of attorney (POA)

A power of attorney (POA) will be created in the investor’s country of residence, which indicates the opening of the company’s bank account. The documents (the original file) will be then sent back to Turkey. The bank account will be opened so, that the investors can transfer the company’s announced capital that was declared in the company’s incorporation article.
Kuveyt Turk Bank or Al-Baraka Bank are some of the excellent banks that we recommend to foreign investors. Due to the availability of customer service in Arabic and English, it makes it easier for the investor to communicate with the bank.

Then OK TAMAM Group will start the procedure of application for the work residency (work permit) and send it to the investors so they can immigrate to Turkey if the residency application gets approved by the Turkish government.

The legal documents that must be obtained when establishing a company in Turkey

Commercial registry

This registry is issued by the Chamber of Commerce based on the company’s article of incorporation. It contains all company’s information, in addition to the company’s state of either being active or inactive.

Activities Certificate

This certificate is issued by the Chamber of Industry and Commerce based on the commercial registry number. It contains a full explanation of the company’s activities. A summary of this document can be issued in the English language.

Company tax plate

It is issued after the company is registered in the Chamber of Commerce via the internet, based on the company’s documents, after registering in the Tax Department. It contains the company’s tax number, incorporation date, and the official address of the company.

Authorization signature

It will be issued at the notary, based on the company documents, as mentioned previously. It contains the company’s information attached to the officially approved signature of the partners or the owner of the company.

It is preferable to be careful to have an original copy of the authorization signature of the company, to be permanent with the partners or the owner of the company.

Chartered accountant (bookkeeper) contract

The legal accountant is the most important employee in your company, as it is a link between your company and government departments, and therefore it is preferable to choose a good accountant, as failure to any data submitted to the tax department by your company’s legal accountant may cost you a lot.

A contract must be signed between your newly established company and the accounting company to avoid such future problems.

The accounting contract is extracted by the accountant via the Internet from the Turkish accountants’ website of the Turkish government, as the company information and the accountant’s monthly salary will be determined, only.

Why should you establish a company in Turkey from abroad through OK TAMAM?

OK TAMAM Group provides you with one of its specialists, for assistance in carrying out legal procedures in Turkey.
OK TAMAM Group is keen on obtaining all necessary official documents when establishing a company in Turkey.
We will provide you with a free virtual address for a certain period that enables you to make the appropriate decision about your company’s address:
We provide you with one of the best-chartered accountants (bookkeepers) for
your company.
We provide you assistance in applying for the short-term residence permit and work residency (work permit).

● In addition to many advantages, at the following link, you can see the advantages of establishing a company through the services of OK TAMAM Group.

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