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How Investors Worldwide Can Incorporate Company in Turkey to Start Their Business

Turkey is one of those countries in the world that promote foreign investment more than anything. The government is supportive, and the environment is exactly ideal to those who have big dreams regarding foreign investment. Opening a company in Turkey means having access to a favorable tax system, beneficial government incentives and a lot of business activities. The country is the junction between the Middle East, Europe, and Central Asia, and that reflects in the economy as well. Running a business in Turkey gives you access to a vast market spanning over these areas, so expect to really take off if you have an appropriate business plan. Anyway, to incorporate company in Turkey might be a subject of confusion to many. This is where you can rely on us for assistance.

We at 3E Accounting provide Turkey company incorporation services in the cheapest, simplest and fastest way possible. All you need to do finalize the type of business you want in Turkey, then your Turkey company formation is just a phone call away.

 

Types of Businesses in Turkey

First, there are two types of business firms in the country: corporate firm and a non-corporate firm.

Among the Corporate firms are the Joint Stock Company (JSC), Limited Liability Company (LLC), and a Cooperative Company.

And the non-corporate company forms in the country are Collective Company and Commandite Company.

Incorporating a company in Turkey requires you to know the type of the company, and it depends on the size of the business and financial availability. Generally, a limited liability company is the one preferable to foreigners with a joint stock company also sometimes being the subject of interest. You need a minimum share capital of 10,000 TRY (approx. $1900), a director and at least one shareholder. Remember that you can’t have more than 50 shareholders, and they can’t be the managers of the company. The shares of a limited liability company are not open to the public.

On the other hand, a joint stock company is more extensive, and public stocks are open. The minimum share capital is 50,000 (approx. $9500) TRY. In this case, the company must have a board of directors in addition to a shareholder. Thus, you can opt to go for a joint stock company if you are already have commendable knowledge about the Turkish market and economy.

Setting up a company in Turkey can be very easy if you work with a professional company that provides incorporation services. And Turkey welcomes foreign investment very much. From the day the company is established, you can get strong support from the Turkish government. The time it generally takes to register a company depends on how familiar you are with the registration process, and in some cases, it can take several weeks. If you choose to cooperate with 3E Accounting, we will assist you to complete all procedures within no more than 5 to 7 days. Please contact us now, 3E Accounting’s expert team in Turkey is waiting to serve you.