Turkey Company Formation

Open company in:

  • [en]
  • [ro]
  • [fr]
  • [es]
  • [it]


Company Formation and Related Services



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.

read more

Partner Law Firms

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

read more

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.

read more

Company Formation 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 the following prerequisites in order to successfully registering their Turkish business:

1) Once the decision to incorporate a company in Turkey has been taken, clients should provide the 3 company names at their choice. The name must indicate the company’s scope of activities, e.g. foreign trade, and must equally contain the type of entity, e.g. limited company. In addition to the thorough consideration clients must give to their business name, they should also provide details pertaining to the shareholding & directorship structure, and to the actual activities the company shall conduct. Depending on the shareholding structure, i.e. whether the company will be incorporated by natural persons or legal entities, the documents necessary in the first stages of the incorporation will include, but not limited to: passport copies of the directors and shareholders, information regarding their residential address, trade register certificate showing that the founding company is duly registered in the country of origin, articles of association of the founding company, certificate of incorporation etc. It is equally important mentioning the fact that part of the above documents will need to be apostilled in the country of origin and that all the above documentation and information must be translated into Turkish by a sworn translator and thereafter notarized via Power of Attorney, should the clients decide not to be physically present for the registration procedures, in front of a Turkish Notary Public.

2) Phase II of the procedures references the actual registration of the company. At this point a number of papers in which the company director accepts the appointment and signs certain statements are provided to the client in order to be notarized and apostilled. Concurrently, the Articles of Association of the Turkish entity and the bank account set-up documents are prepared so that the share capital can be injected prior to the registration of the company (the share capital is available after the incorporation). These procedures can be conducted either through personal presence of the client in Turkey or via Power of Attorney, the decision being left at the client’s discretion.

3) The final step is to register the company with the Trade Register and to obtain the Tax ID number of the company. In order to obtain the company’s tax identification number a new series of documents must be prepared and submitted with the relevant authorities; among these we mention: Power of Attorney, specimen signatures, copy of the Turkish Official Gazette on the registration of the company, office rental and accounting agreements, etc.

Proper fulfillment of the above steps leads to the successful registration of the Turkish entity.


- Any person of any nationality or residence can be director or shareholder in a Turkish company;

- the shareholders of a company registered in Turkey can be both natural persons or legal entities;

- a company in Turkey must hold a local registered office (service provided by BridgeWest)

- the registration of a Limited Company requires the injection of a share capital of 10.000,00 TL out of which ¼ (2,500 TL) should be deposited in a bank account upon the registration of the company.

- According to the New Turkish Commercial Code a limited liability company requires at least 1 director and 1 shareholder


> Preparing the Articles of Association of your company;

> Drafting all other documents required for the registration of the Turkish Company; 

> Arranging Public Notary meeting and procedures (The procedures for establishing a company in Turkey have to be performed by a Turkish Notary Public); 

> Obtaining a Tax ID number; 

> Providing a Registered Office in Turkey for your company (if required); 

> Opening a Bank Account and providing the necessary forms and documents for the setup of a bank account; 

> Accounting and Payroll Services in Turkey; accountancy services are recommended for any new business establishment in Turkey.

> Establishing a limited liability company

The limited liability company is the most used type of business in Turkey, mostly for small to medium sized businesses, because of a relatively easy registration process, low corporate taxes and a lot more advantages. A Limited Liability company is founded by at least 1 members, natural persons, or legal entities and they are held liable for the company's losses and debts only to the extent of their contribution. The minimum required capital to open this type of company in Turkey is 10,000 YTL, out of which 1/4 must be deposited upon the registration of the company. Limited companies cannot issue stock certificates.

> Setting up a joint stock company

It’s a company designed for business at a larger scale and it is not as common as limited liability companies. Nevertheless a lot of Limited Companies evolve into joint stock companies, or become shareholders of one. A Joint Stock company must be established by at least 5 persons or legal entities and the minimum required capital is 50,000 YTL (approx. 24,000 EUR). The shareholders liability is limited with the share capital. A Joint Stock company can issue stock certificates, unlike Limited companies.

> Turkish Branch, Subsidiary or Representative Office

Any foreign company is able to set up branch entities in Turkey. These can be set up as separate entities from the parent company (Turkish companies having the foreign company as shareholder) or extensions of the parent-company in Turkey.


> The Turkish standard corporate tax rate is 20% but certain incentives are granted.

> The Turkish standard VAT rate is 18%.

> Under Turkish tax system all taxable companies are subject to the dividend withholding tax applied at 15% to profits. 

Please contact us for more information reagarding how to open a company in Turkey and prices!

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 ...

Open Business in Turkey
We guarantee a cost-efficient solution for full company setup, bank account and VAT registration

Meet us in Istanbul

Call us now at +44 203 287 0408 to set up an appointment with our specialists in Istanbul. Alternatively you can incorporate your company without traveling to Turkey.

As a BridgeWest client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Turkey.