Consultation on opening a company in Turkey "turnkey"

• limited liability company (LLC);
• closed joint-stock company;
• open joint stock company;
• limited partnership;
• collective firm;
• cooperative.

• Step 1 — Register on the state online platform, 1 day
• Step 2 — Determine and register a unique company name on the state online platform, 1 day
• Step 3 — Format the Articles of Incorporation as required by the state, and obtain a commercial number, which will then be tracked in the system
• Step 4 — Register the Company Charter with the state notary or with the Turkish Commercial Registry, 1 day
• Step 5 — Make the Declaration of Founders of the company, which has to be signed by all the founders
• Step 6 — Deposit the amount of registered capital of the company on the bank account, which is not less than 25% of the declared amount
• Step 7 — Pay the registration fees
• Step 8 — Submission of application for registration of the company to the office of the Trade Register, indicating the commercial number issued by the state, as well as all other relevant applications and documents - 1 day
• Step 9 — After approval of the application for company registration at the Trade Registry Office, the company receives official Turkish legal entity status - 1 day
• Step 10 — Preparation of a circular of signatures of the authorized persons of the company, who are entitled to sign corporate documents. This circular has to be certified by a public notary or Turkish Consulate - 1 day
• Step 11 — Receipt of the legal corporate books for the Turkish company.
• Step 12 — Handing over all original documents to the business owner to start the company.

• General Ledger
• General ledger
• Inventory book
• Share ledger
• Journal of the resolutions of the Board of Directors
• Register of Shareholders General Meetings of the Company
• All corporate books must be notarized by a notary public.

• Temporary residence permit (no later than 6 months expiration date)
• Original passport and and a copy translated into Turkish and notarized.
• Digital Signature
• The lease contract for the premises (If it is a private office then the lease contract for the apartment. If it is your own apartment, then the TAPU; ownership document).

• corporate income tax — 20%
• Personal income tax — from 15% to 40%
• 15% withholding tax
• Value added tax — 18%
• Special consumption tax — from 0,189%, to 0,948%.

• a unique name, which is not found among the registered companies in the country;
• Having a permanent address in Turkey;
• opening a corporate account with a local bank.

• Open. Start-up investment - 100 000 TRY, a minimum of 5 shareholders.
• Closed. Initial investment - 50 000 TRY. Two or more founders are required for opening.

• trading in shares on a stock exchange;
• issue of bonds or other debt instruments;
• Production of bearer and registered shares.
• The main governing bodies of a joint stock company are the general assembly and the board of directors.

1. the free zone of mercina 1985
2. THE FREE ZONE OF ANTALYA 1985
3. the free zone of the egean sea 1987
4. ATATURK AT ISTANBUL AIRPORT FREE ZONE 1990
5. TRABZON FREE ZONE 1990
6. İSTANBUL THRACE FREE ZONE 1990
7. ADAN YUMURTALIK FREE ZONE 1992
8. ISTANBUL INDUSTRIAL AND COMMERCIAL FREE ZONE 1992
9. SAMSUN FREE ZONE 1995
10. EUROPEAN FREE ZONE 1996
11. RIZE FREE ZONE 1997
12. KAYSERI FREE ZONE 1997
13. IZMIR FREE ZONE 1997
14. GAZIANTEP FREE ZONE 1998
15. TUBITAK-MRTS FREE ZONE 1999
16. DENIZLI FREE ZONE 2000
17. BURSA FREE ZONE 2000
18. KOČAELI FREE ZONE 2000

• Free zones are considered to be outside the customs border, no customs duties, value added tax (VAT) or "KKDF" (6% on top of credit payments) are applied to goods imported into the zone;
• Companies that sell at least 85% of their products abroad are 100% exempt from income tax paid on employee salaries;
• Under the Customs Union Agreement between Turkey and the EU, goods of Turkish origin are in free circulation in the EU market (no tax between TR and EU);
• Companies are free to transfer their profits and revenues to Turkey or any other country;
• As the free zones are located outside the customs border, companies can purchase goods in Turkey at export prices. (excluding VAT);
• Infrastructure services are provided without VAT (Electricity, Water, Gas, Telecommunication);
• Companies are free to bring used (second-hand) equipment into the free zones and there are no age restrictions for the importation of used (second-hand) equipment;
• Due to the fact that transactions within the company are made with convertible foreign currency, the level of domestic inflation will have no effect on buying and selling, inventory management and accounting procedures in general;
• Defective goods can easily be returned to their place of origin simply by invoicing them;
• Companies can hold their stock duty-free for an unlimited period of time.

1. Application for company registration.
2. Certificate of registration - 4 copies.
3. Memorandum of Association or shareholder agreement - the original and 4 copies.
4. Receipts of payment of 0.04% of the share capital to the account of the Antimonopoly Service.
5. Specimen signatures of board members - 2 copies per person.
6. Articles of Association of the company - the original.
7. Registration form with the Chamber of Commerce and Industry.
8. Written consent to take office from members of the board of directors not from among the founders and shareholders.
9. If the share capital is contributed not in cash, but in real estate or other assets, the founders submit a report on the valuation of the asset, proof of ownership and absence of encumbrances on the asset, agreements on the transfer of the asset to the share capital of the company.
10. In addition, for a JSC, a receipt of contribution of not less than 25% of the share capital of the company is provided.

1. Fill out the form on the consulate's website and print it out. If online completion is not available, you should contact the embassy of the country of residence and pick up the form.
2. Pay the visa fee.
3. Collect documents for opening visa: application form, passport and its copy, two photos, receipt of payment of state duty.
4. Make an appointment with the responsible consular officer and come with your complete dossier at the appointed time.
5. Obtain a passport with a work visa pasted in.
6. Each document must be translated into Turkish, and a copy certified by a notary. The time for issuing the permit does not exceed two months.

• age of majority (18 years);
• Documentary confirmation of the presence of a company on the territory of Turkey;
• medical insurance;
• documentary evidence of financial solvency (bank account statement).

TOURIST VISA

• Failure to meet the necessary conditions for obtaining a residence permit (no insurance, no proof of stable income, presenting a threat to public order and national security)
• Deportation decision or prohibition to enter the country
• Overstaying a visa
• Illegal stay in Turkey at the time of applying for a residence permit

• original and copy of the passport;
• certificate of residence;
• tax number.