Company Formation in Turkey

Turkey’s strategic location, business-friendly policies, and fast-growing economy make it one of the most attractive destinations for entrepreneurs and foreign investors. IBE GROUP provides expert guidance to help you establish and grow your business in Turkey with ease.

Why Set Up Your Business in Turkey?

  • Strategic Gateway – Connects Europe, Asia, and the Middle East.
  • Investor-Friendly Policies – Equal opportunities for foreign and local investors.
  • Quick & Efficient Setup – Company registration in as little as one day.
  • Robust Infrastructure – Advanced trade routes, logistics, and industrial hubs.
  • Skilled Workforce – Access to a diverse and educated labor market.

Types of Companies in Turkey

  • Joint Stock Company (A.Ş.) – Ideal for large businesses with the ability to issue and trade shares publicly.
  • Limited Company (Ltd. Şti.) – Most common for SMEs, offering limited liability to shareholders.
  • Collective Company – A partnership where all partners have unlimited liability.
  • Limited Partnership – Includes both active (unlimited liability) and silent (limited liability) partners.
  • Cooperative – Created for mutual benefit, commonly used in agriculture, housing, and trade.

Step-by-Step Business Setup Process

  • Step 1: Choose the Right Business Structure
    • Select the best legal entity based on your business goals.
  • Step 2: Prepare & Approve Company Documents
    • Draft and notarize your company contract via the Central Registration System (MERSİS).
  • Step 3: Register with the Trade Registry
    • Submit required documents, including:
      • Articles of association
      • Shareholder details
      • Tax ID
  • Step 4: Obtain a Tax Number
    • Foreign entrepreneurs must apply for a Tax Identification Number from the Tax Office.
  • Step 5: Open a Corporate Bank Account
    • Deposit at least 25% of the capital (for Joint Stock Companies) before final registration.
  • Step 6: Acquire Commercial Registration & Licenses
    • Receive your Commercial Registration Certificate (CR).
    • Apply for:
      • Tax Card
      • Social Security Registration
      • Business Licenses
  • Step 7: Register with the Chamber of Commerce
    • Membership in the local Chamber of Commerce is mandatory for business operations.
  • Step 8: Obtain Work & Residence Permits (if applicable)
    • Foreign business owners and employees must secure the required permits for legal operations.