Establishing A Company In Turkey

Kardem is proud to establish most important foreign companies in Turkey.

Sectors that create added value and provide employment can benefit from state incentives. In particular, additional support is provided for the production of medium and high technology products. There are tax, social security, interest, VAT and grant supports. For details, ask for information.

GET FREE INFORMATION

Kardem offers you consultancy for the realization of your project ideas. It gives information about calculating project cost and operating cost. It determines the most suitable type of company and states which state incentives are available. Moreover, it does not charge any fee for it.

ESTABLISHING A COMPANY IN TURKEY

Company establishment procedures have been simplified in Turkey. Foreigners can establish company with one partner. In joint stock companies, foreigners can be manager or appoint another person. In limited companies, at least one partner must be a company manager.

RECOMMENDED COMPANY TYPE

We recommend a joint stock company. Because;

Share transfer is easier.

Tax exemptions are applied in transfer of shares.

Non-partners can be managers.

Partners are not liable for public debt.

ADVANTAGES OF ESTABLISHING A COMPANY IN TURKEY

Turkey is one of the world’s major logistics base because of its geopolitical position. Advanced banking sector, storage, marine and highway transportation facilities and security encourage to invest in Turkey.  Trade and tax law applied in Turkey is similar to legislation in the European Union countries and OECD regulations.  Turkey is a country which adopts the principle of tax sharing agreement on prevention of double taxation. All medium and large-scale companies apply the international financial reporting standards (IFRS) and international accounting standards. Doing business in Turkey by establishing or buying a company will integrate you with the world.

SERVICES AFTER COMPANY ESTABLISHMENT IN TURKEY

Kardem ensures that all legal obligations are fulfilled after the company is established. Make sure that these services are performed by our most competent experts.

Services are provided in issues such as the company’s logo, office structuring, telephone line, website, e-mail address, commercial negotiations and contracts, attorney service, commercial and tax law, application for investment incentives.

Company valuation, independent audit, company status reporting, company mergers and transfers, share exchange, tax advantages and international tax law are also provided according to the needs.

Kardem also has the opportunity to offer the same services with superior quality all over the world with its members within the Kardem Global network.

PRICE LIST OF ESTABLISHING A COMPANY IN TURKEY

Kardem care about determining all fees in advance and informing the customers. For this reason, our customers will not encounter any surprises in the invoices they will pay. We can say that our wages are lower than our work quality. You can see our company establishment fee schedule in the table below.

Apart from this, company establishment expenses are shown below.

About 400 EURO to the Registry Office for company registration,

Registration fees increase depending on the number of managers.

Accounting fee min. 80 EURO / month.

DOCUMENTS REQUIRED FOR COMPANY ESTABLISHMENT

For the establishment of the company, it is sufficient to send our requests below.

DOCUMENTS REQUIRED FOR COMPANY ESTABLISHMENT

For the establishment of the company, it is sufficient to send our requests below.

1- Company Title: Our experts will help you to determine whether the title you will choose according to the company’s field of activity is valid and whether it is a title that did not exist before.

2- Selection of Company Field of Activity: When you declare the field of activity, we prepare the company agreement in accordance with the current regulations and present it to your approval.

3- Company Headquarters: It is necessary for establishment to determine the address of the office or factory where the company will operate. The corporate headquarters can also be rented as a virtual office. Our experts will assist you in renting an office or factory.

4- Company Representative (Board of Directors): It is important who will represent the company. Because the representative can rent workplaces, open a bank account, buy property and withdraw money from the bank. The decision-making authority for the operations of the company lies with the board of directors. The board of directors may consist of non-shareholders.

5- Approved Passport Copy of Company Partner: Certified copy of identity card of company founder is sufficient.

6- Determination of the Capital of the Company: There is a capital requirement of at least 10.000 (approximately 1.200 EURO) in limited companies and at least 50.000 TL (approximately 6.000 EURO) in joint stock companies. High capital is encouraged by tax cuts.