Steps to be Followed to Establish a Company in Turkey

The steps to be followed to establish a company in Turkey are generally as follows:

Determining Company Type and Title: First of all, you must determine the type and title of your company. The most common types of companies in Turkey; Limited Company (Ltd. Şti.), Joint Stock Company (A.Ş.), and One Person Joint Stock Company (TAS).

Company\'s Capital: Depending on the company type, you must determine the minimum amount of capital required. Minimum capital requirements may be different for Limited Company and Joint Stock Company.

Company Partners and Managers: You must identify partners and directors in your company and provide their credentials.

Company Address: You must specify your company\'s registered address. This address will be used as the headquarters of the company and will be the address to which official documents will be sent.

Application for Trade Registry Office: You must apply to the Trade Registry Office for company establishment procedures. Here you will need to register your company by submitting the required documents.

Tax Office Registration: After establishing your company, you must register your company as a taxpayer by applying to the relevant tax office before starting to operate.

Notification of Employment: If you are going to have employees, you will need to make a notification of employment to the Social Security Institution (SGK).

Occupational Health and Safety: You should arrange your working environment and take the necessary precautions in accordance with the occupational health and safety laws.

Other Permits and Documents: Depending on the industry in which your company will operate, you may need to obtain special permits or documents.

These steps outline the company formation process. However, the setup process may vary by company type, industry, and other specific circumstances. Therefore, it is helpful to seek professional help from experts such as an accountant, lawyer or business consultant. In addition, it is important to request accurate information and documents from official institutions and the Trade Registry Office.