Company Formation Process in Turkey
Establishing a new company in Turkey is a structured process that typically takes 3-5 business days. ShelfCompanies24 handles the entire formation process on your behalf, from preparing the articles of association to registering with all relevant authorities.
Available Company Types in Turkey
The following legal structures are available for company formation in Turkey:
| Company Type |
Description |
| Limited Şirketi (Ltd. Şti., LLC), Anonim Şirketi (A.Ş., JSC), Branch, Liaison Office |
The minimum share capital requirement is 10,000 TRY for Ltd. Şti., 50,000 TRY for A.Ş..
Step-by-Step Formation Process
- Choose your company structure — Select the appropriate legal form based on your business needs, number of shareholders, and capital requirements.
- Prepare documentation — Our team prepares the articles of association, shareholder agreements, and all necessary corporate documents.
- Company name verification — We verify the availability of your chosen company name with the Turkish commercial registry.
- Capital deposit — Deposit the required share capital (10,000 TRY for Ltd. Şti., 50,000 TRY for A.Ş.) in a designated bank account.
- Notarization and registration — Documents are notarized (where required) and submitted to the commercial registry.
- Tax registration — Register the company for corporate tax (at a rate of 25%) and VAT (20%).
- Bank account opening — Open corporate bank accounts with Turkish banks for business operations.
Required Documents
- Valid passport copies of all shareholders and directors
- Proof of residential address (utility bill or bank statement, not older than 3 months)
- Description of planned business activities
- Proof of source of funds (where applicable)
- References from existing banks or professional advisors
Tax Environment in Turkey
Companies formed in Turkey are subject to a corporate tax rate of 25%. The standard VAT rate is 20%. The currency is TRY (Turkish Lira).
Timeline and Costs
Standard company formation in Turkey takes approximately 3-5 business days. For exact pricing tailored to your specific requirements, please contact our consultants.
Related Services in Turkey
Frequently Asked Questions
How long does it take to register a company in Turkey?
Company registration in Turkey typically takes 3-5 business days. ShelfCompanies24 handles the entire process on your behalf.
What documents do I need to form a company in Turkey?
You will need valid passport copies, proof of address, description of business activities, and proof of source of funds. Our team guides you through all documentation requirements.
Can a foreigner set up a company in Turkey?
Yes, foreign nationals can establish companies in Turkey. There are generally no restrictions on foreign ownership of Turkish companies.
What is the minimum capital to start a company in Turkey?
The minimum capital requirement in Turkey is 10,000 TRY for Ltd. Şti., 50,000 TRY for A.Ş.. Our consultants can advise on the optimal capital structure for your business.
Content prepared by Anna Modlinska, Company Formation Specialist at ShelfCompanies24. Graduate of Cracow University of Economics and Lazarski School of Law. Approved by Tomasz Bielski, Managing Director.
