Turkey Company Formation

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Turkey

Company Formation and Related Services

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Buying a European shelf company with VAT number

Whenever you need to start doing business immediately in a European country and you need a company with a VAT number, you don’t have to wait for the bureaucratic procedures.

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Partner Law Firms

We encourage you to contact our partner law firms in Bucharest: Rolegal and E&C, both part of our legal network.

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Tax Minimization Structures

BridgeWest is specialized in special corporate structures designed for tax minimization. No matter where you want to incorporate your company, you will need to consider how you can legally minimize costs.

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Company Formation in Turkey F.A.Q

Company Formation Services in Turkey and details on how to incorporate a Turkish company, VAT registration, establish a bank account and setup of a virtual office in Turkey. We provide English speaking company registration service in Turkey.

1. What is the minimum share capital of a Turkish Limited Liability Company?
The Limited Liability Company established in Turkey has a minmum share capital of 2,400 EUR.

2. What is the minimum share capital for a Turkish Joint Stock Company?
The founders of a Joint Stock in Turkey must provide a minimum capital of 24,000 EUR.

3. Are there any special requirements for establishing a Limited Liability Company in Turkey?
A Turkish Limited Liability Company must have a local registered office and a legal representative to carry out the incorporation process. All of the shareholders can be citizens of Turkey or foreigners, and there is no restriction as to the nationality of the company's director.

4. How can I register for VAT in Turkey?
In order to register your Turkish company for VAT purposes, a notification at the local tax office where the company's place of business is located must be made. The institution requires a detailed form filled by the founders, and attached specific company documents such as articles of association, company charter and power of attorney of the representative. Moreover the application should also contain detailed information on the number of shareholders, their address and name, as well as the director's and management board. After obtaining the VAT number the company must comply with the legal requirements of taxation.

5. How can I open a bank account in Turkey?
The bank account of the company is mandatory, as the company is obliged to deposit the
minimum capital and hold transactions. Usually the process is straightforward and the
founders need to provide their complete information, as name, address, etc., and certain
company documents including registration certificate.

  • Ankara Company Formation in Turkey

    STEPS FOR COMPANY REGISTRATION IN TURKEY At the crossroads between Europe and Asia, offering a welcoming environment for all foreign investors, Turkey is known and broadly recognized as a major commercial hub. Although with the new Commercial Code in force, company formation process has been simplified and can now be conducted quite hassle-freely, clients should still fulfill…

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Articles on Company Formation in Turkey

Types of Turkish companies

Depending on the object of activity and size of the Turkish company, there are a lot of incentives which encourage investment. In Turkey entrepreneurs prefer to establish limited liability companies, or joint stock companies. Create a Limited Liability Company in Turkey - Ltd. ?ti. (Limitet ?i ...

The Commercial Register in Turkey

The Turkish Trade Registry is governed by the Turkish Chamber of Commerce and functions according to the Turkish Trade Law. The institution's main task is to record all amendments and to provide information and legality of the records. Also the Company Registrar in Turkey has to incorporate new busi ...

Set up a Company in Turkey

Turkey is a country with a stable economy, welcoming foreign investors to set up business here. There are many incentives and entrepreneurs are welcomed to invest in any business domain. The procedure of incorporating a Turkish company is simple, having a straightforward procedure. A Turkish compan ...

Open Company Branch or Subsidiary in Turkey

There are many ways in which a foreign entrepreneur can do business in Turkey. Setting up a company, usually Limited Liability Company may turn out to be a profitable activity, as the economic environment is stable and the workforce qualified. However already existing foreign companies may establish ...

Guide to Company Incorporation in Turkey

    1. What is the minimum share capital of a Turkish Limited Liability Company? The most common form of business in Turkey is the Limited Liability Company established by two or more shareholders who must provide at least 2.400 EUR as minimum capital. 2. What is the minimum share capital ...

Shelf Company in Turkey

Turkey is a country in which foreign investment thrives. Therefore plenty investors choose to set up companies, as the environment is welcoming, and the chance of success is real. Some entrepreneurs choose to invest in Turkey by setting up companies from scratch, or acquire shelf, or readymade compa ...

Paying Taxes in Turkey

1. What is the corporate tax in Turkey? The Turkish standard tax rate is 20% but certain incentives are granted, for example the incomes provided by software development are exempt from paying taxes until January 2024. Also major reductions may be granted for operating in certain regions. 2. What ...

VAT in Turkey

1. What is the VAT in Turkey? In Turkey, the VAT rate is established by the Turkish tax law. The VAT rate is calculated between 1% and 18%. It generally applies an 18% rate in Turkey. A reduced VAT rate of 8% applies to food or pharmaceutical products, while an even more reduce rate for VAT in Turke ...

Company Liquidation in Turkey

BridgeWest handles all steps required for company liquidation in Turkey . Please contact us via email or phone for appointing a liquidator to carry on the company dissolution, submitting the required application forms, dealing with the Court, closing the company's bank account or any ...

Open a Representative Office in Turkey

 Are there any special requirements for creating a Turkish Representative Office? Foreign companies willing to open representative offices in Turkey must follow the regulations of the Law on Foreign Direct Investments #4875. The approval for opening a representative office in Turkey is given b ...

Register a Non Profit Organization in Turkey

The non-profit organizations in Turkey are established as foundations and association and are governed by the “Law for Foundations” and the “Associations Law”. The Turkish associations are membership non-profit organizations created in order to achieve an objective state ...

Nominee Director in Turkey

   The Turkish commercial legislation is requiring the public announcement of the company’s representative. In certain cases, the beneficial owner wish to keep secret his interests in the company so another name must be stated in the articles to ensure the legality of the registratio ...