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Establish a Company in Turkey2018-09-20T13:52:53+00:00

Establish a Company in Turkey

Learn How to set up a business in Turkey, open a company!
Establish a Company in Turkey

Today we will talk about establishing a company in Turkey and how to start investing. Previously, we explained (Types of companies in Turkey) as well as (The Pricing list of Founding A Company).

To work officially in The Republic of Turkey, you should found a commercial company. OK TAMAM helps you to do this step in addition to recruiting accountants, administrators, and technician; etc.

Turkey is moving into the world of business and finance faster with a high rate, and it deserves to exist as a commercial body according to the economic statistics. There are facilities to the investors and the way it acts with both Arabian and foreigner markets openly. Turkish manufacturer is a trademark for its productions’ high qualities which is more than its counterparts such as China, Taiwan, and Thailand.

The Steps of Establish a Company in Turkey

First, the company's headquarters

According to the Turkish Law, to establish a company in Turkey, the company’s headquarters must be exist.

There are two choices to get either a virtual or a real headquarters: –

The first choice is to get a real location which is an actual place for your company. To rent a place that will cost you approximately 1500 to 2000 Tl monthly, in addition to other expenditures such as commission; etc.

The second option is to get a virtual place (Virtual Office in Turkey); which is 100% legal address given to you by the state, but it is not a real place for your business.

Second, Capital of the company

The capital of the company is the main point, where the Turkish law specified that to found a company the minimum capital should be 10.000 Tl. This amount of money cannot obtain you any power, Because the Turkish law deals with the company according to its capital value, so we will announce that the capital is 100.000 and it is useful for you to:-

 

  • Get work residence.
  • The ability to join the commercial organization as TURSAB, Musiad, and others.
  • Be able to perform deals to Export and import goods in accessible ways.

 

NOTE: It is not necessary to deposit the capital in the bank during the establishment process, the amount has to be deposited before applying for the work permit or within 24 months from the date of establishment.

Residence & Work permit in Turkey

What are the benefits of founding a company in Turkey by OK TAMAM GROUP?

You will gain all benefits such as:-

1- Submit your company’s website to Google Search engine, and accredit it as a Turkish company.

2- Registered your logo and slogan to protect your trademark.

3-  Help you to get the landline, the internet and the mobile lines for your company.

4-Furnishing the Headquarter and get it ready to use according to specifications and Specified budget.

5- We ensure that all formalized processes and procedures for establishing your company in Turkey are fully completed for you.

6- We provide you with a virtual address (Virtual Office in Turkey), which is 100% legal address given to you by the state for three months so you can start your business in Turkey quickly and you have enough time to determine the place that suits you without rushing. At this time, you can transfer your address easily and quickly to your new location, or you can also continue with us at the virtual office, but with an additional cost that will be explained later.

7-Providing legal consultations for a year due to having a perfect staff of legal accountants.

8-  Merchant Card: Provides businesspeople trader cards which identifying them as an owner of a business in Turkey, in addition to the benefits of getting conductions for some hotels, restaurants, and health centers.

9-  The accounting book of the company will be for free in the first year from OK TAMAM (the accounting books cost is 300$ yearly).

10- 1000 free personal cards as a gift until you start your work officially.

11- Registering your website (com.tr) and hosting for a one year for free, where to get “tr” is required having a company name in Turkey.

12 – OK TAMAM will help you to appoint a legal accountant and suggests some names of accountants we trust and work with, to help you reach your business planning goals.

13- Searching for a convenient headquarters suits the estimated budget.

14- 50% discount for your website design in Arabic and Turkish, so you can start marketing your services to prospective customers.

15- 50% discount on mobile application design on iPhone, Android, and other cell phones.

Residence and Work permit in Turkey

Now let us start procedures to found a company in Turkey :

Before starting in establishing a company  we have to specify the Type Of The Company type we would like to develop,

we talked before about the companies’ types in Turkey, sort of the company depends on the company size as the following:

  • Limited liability company
  • Joint stock company
  • Limited partnership corporate
  • Partnership company

Required Documents:

OK TAMAM doesn’t ask for any special documents… all what you need that you have valid passport, we will get all required documents for you, as:

  • A copy of passport translated and authorized (it is evaluable to translate and authorize the documents in our office, as one of our services for you)
  • Your tax number (we extract it for you)
  • Security approval which let you establish your company in turkey (we extract it for you).

Need Detailed Information?

You can fill out a request form to receive an email for detailed information about establishing companies in Turkey.

Company expenses in Turkey

First: The Chartered Accountant

The chartered accountant here is the person responsible for the company’s accounts in front of the state and not the internal accountant of your company

The role of this accountant that comes to the end of each month and receives your invoices, expenses, and purchases and records them with the state, The Turkish law requires the presence of this accountant and the absence of a statement may lead to the closure of the company

the cost of the accountant monthly is 400 Lira.

Second: The Cash Book

Cash Books are the books in which the Company’s accounts are recorded and delivered to the State at the end of the year, the cost of the books is 1100 Tl annually.

Third: Corporate Tax

Including annual taxes, quarterly taxes, and rent taxes and The total costs of these taxes are from 1800 to 2500 Tl yearly

Now we have completed the stage of required documents and general information and come the implementation stage

Types-of-Companies-in-Turkey

First stage: The Executive Stage:

OK TAMAM will set a meeting with the auditor and a representative employee of OK TAMAM, discussing to get the best choice for the company, the session will take about one hour. Through this time, the establishment contract of the company will be made. It will specify the manager, the activities and the address.

Second Stage: Tax Circuit

After completing the establishment contract and get it ratified, OK TAMAM REPRESENTATIVE will obtain tax number for the company.

Third Stage: opening bank account for the company

You will able to deposit the company’s capital, then having a deposit receipt.

Now our representative will complete all procedures with trade chamber till getting the registered number of the company.

Fourth Stage: Signature ratifying

After inquiring all requirement documents, you should ratify your signature in the presence of the notary.

Need Detailed Information?

You can fill out a request form to receive an email for detailed information about establishing companies in Turkey.

We are always available to serve you

If you have any questions about establishing companies and starting businesses in Turkey, contact us now