Preparation of documents and company registration in Turkey, preparation of founding documents for company registration, opening of companies for Turkish and foreign founders.
Turkey, with its strategic location bridging Europe and Asia, has emerged as a prominent destination for global investors and entrepreneurs looking to expand their businesses. If you are considering establishing a company in Turkey, it is essential to understand the registration process and the requirements involved. Proper registration of a company in Turkey is a necessary condition for doing business in Turkey. A corporate law attorney in Turkey provides legal services to Turkish citizens, foreigners, and companies on business matters in many cities in Turkey.
Business opening and company registration in Turkey:
An attorney for business registration in Turkey provides legal services on business registration in Turkey, registration of joint-stock companies and non-stock companies, company branches, representation of foreign companies, legal support for business, legal support for the purchase and sale of corporate rights, and other matters of corporate law in Turkey. An attorney for company registration in Turkey provides legal services on opening and supporting businesses in Russian, English, and Turkish languages.
Services for business registration in Turkey:
- Consultation on business registration in Turkey.
- Preparation of founding documents for the company.
- Submission of the founding agreement and articles of association to the MERSIS registration system.
- Notarization of company documents.
- Obtaining a taxpayer identification number.
- Depositing capital into the Antimonopoly Administration account.
- Depositing initial capital into a bank and obtaining confirmation of deposit (minimum 25%).
- Submission of an application for company registration to the Trade Registry.
- Obtaining official books.
- Immigration through business in Turkey and investments in Turkey.
- Notification of the tax institution about the establishment of a company in the Trade Registry.
- Issuance of a circular of signatures.
- Registration of a business for a foreigner in Turkey.
- Protection of interests in court for commercial, corporate, and other disputes.
- Representation of business owners' interests.
The most common types of companies in Turkey are Joint Stock Company (JSC) and Limited Liability Company (LLC). An attorney for business registration in Turkey will provide legal assistance in matters of opening firms and corporate law in Turkey.
Types of commercial companies in Turkey:
- Joint Stock Company (JSC)
- Limited Liability Company (LLC)
- Cooperative Society
- Collective Company
- Limited Partnership
According to the legislation on direct foreign investments in Turkey, the principle of equal tax treatment for Turkish and foreign investors is established. A attorney for business opening in Turkey provides professional legal services to clients in matters related to opening and conducting business in Turkey.
In order to simplify business registration, increase investment attractiveness, reduce registration costs, and accelerate registration, administrative reforms have been carried out in Turkey. Company registration in Turkey is now only carried out in the Trade Registries at the Chambers of Commerce, which serve as a single center for providing business registration services in Turkey.
The first step in the registration process is to determine the type of company you want to establish. Turkey offers several types of business entities, including joint-stock companies, limited liability companies, partnerships, and branch offices. Each type has its own requirements and regulations, so it is crucial to select the most suitable option for your business.
Once you have decided on the type of company, you need to choose a unique name for your business. Before registering, it is advisable to conduct a name search in the Turkish Trade Registry to ensure that the proposed name is available and not already registered by another company. Once you have confirmed the availability, you can reserve the name for a period of six months.
The Articles of Association outline the internal regulations, structure, and management of the company. This document should include information such as the company's name, address, objectives, share capital, shareholders' details, and management structure.
Before proceeding with the company registration, it is necessary to obtain a Tax Identification Number (TIN) for the company and its shareholders. The TIN is issued by the Turkish tax authorities and is required for various legal and financial transactions.
To establish a company in Turkey, you must open a bank account in a Turkish bank. The minimum required capital must be deposited into this account. The bank will issue a certificate confirming the deposit, which will be needed during the registration process.
The next step is to submit the necessary documents to the relevant Trade Registry Office. The required documents typically include:
- Notarized copies of the Articles of Association
- Completed application forms
- Shareholders' passports or identification documents
- Bank deposit certificate
- Tax Identification Number (TIN) documents
- Lease agreement for the company's registered address
- Power of attorney (if applicable)
Once the Trade Registry Office reviews and approves the application, they will issue a registration number and provide a Trade Registry extract, indicating the legal existence of the company. Simultaneously, the tax office will assign a tax number to the company, enabling you to fulfill your tax obligations.
Depending on the nature of your business, you may need to register with additional authorities or obtain specific licenses and permits. These may include the Social Security Institution, Chamber of Commerce, Chamber of Industry, and other professional organizations relevant to your industry.
After the company registration is complete, you must comply with various ongoing obligations, including filing annual financial statements, paying taxes, and submitting regular reports to the relevant authorities.