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Email: info@mevconsultants.com
Register a company in Turkey
Company incorporation, bank accounts, accounting services in Turkey
Registration packages
Services
Essential
Standard
Premium
Company registration (L.Ş.)
Annual registered address
Notary services and company seal
Corporate bank account
Accounting services
Start your company in Turkey
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How you can register a company in Turkey with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Turkey
The Republic of Türkiye is a transcontinental Eurasian country located mainly on the Anatolian peninsula in Western Asia with a smaller part located on the Balkan peninsula in Southeastern Europe. Turkey borders Bulgaria, Greece, Georgia, Iran, Iraq, Armenia, Azerbaijan and Syria. The territory of Turkey amounts to 783,356 square kilometers. The capital city of the Republic of Türkiye is Ankara, the location of key government institutions.
Turkey has access to the Black Sea, to the Aegean Sea, to the Marmara Sea and to the Mediterranean Sea, which allows it to establish maritime trade with certain EU Member States, CIS states, African and Middle Eastern states.
The population of Turkey amounts currently to around 84,7 million people.
Turkey has access to the Black Sea, to the Aegean Sea, to the Marmara Sea and to the Mediterranean Sea, which allows it to establish maritime trade with certain EU Member States, CIS states, African and Middle Eastern states.
The population of Turkey amounts currently to around 84,7 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 20%
- Dividend withholding tax - 15%
- Interest withholding tax - from 0% up to 20%
- Royalties withholding tax - 20%
- Capital gains tax - 20%
- VAT - Standard tax rate 18% or reduced rates of 1% or 8% or tax exempt
- Personal income tax - from 15% up to 40%.
The following are the most common types of companies to incorporate a company in Turkey as:
- Limited Liability Company (Limited Şirket - L.Ş.)
- Public Limited Company (Anonim Şirket - A.Ş.)
- General Partnership (Kollektif Şirket - K.Ş.)
- Limited Partnership (Komandit Şirket - K.Ş.)
- Limited Partnership Joint Stock Company (Sermayesi Paylara Bölünmüş Komandit Şirket)
- Cooperative company (Kooperatif Şirket)
- Branch office (Şube).
- Individuals or legal entities that are intending to register a company in Turkey can be resident or non-resident in Turkey.
- A resident or a non-resident individual can be a company director in Turkey. It is not required to set up a company in Turkey with a resident individual as one of its shareholders or directors.
- At least 1 shareholder is required in order to register a company in Turkey if such company is incorporated as a L.Ş. (a limited liability company). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in Turkey in order to establish a company in Turkey or to conduct business in the country.
- Minimum share capital that is required in order to start a company in Turkey as a L.Ş. (a limited liability company) is TRY 10,000.
- L.Ş. registration takes between 5 and 10 business days with the bank account taking up to 3 business days.
- Details of company founders, shareholders and directors after company registration in Turkey is complete is publicly available in the state corporate register.
- With our service you can register a company in Turkey completely remotely upon a power of attorney.
Official currency of Türkiye is Turkish lira (TRY).
Turkey has the 20th largest economy in the world by nominal GDP and 11th largest economy by purchasing power parity.
Turkey is one of the top producers of agricultural products, textile products, cars and motor vehicles, transportation equipment, construction materials, consumer electronics, as well as home appliances. Large manufacturers such as Ford, Huawei, SOCAR, Bosch, Renault, Siemens, Toyota, Diakin, Pirelli, Panasonic, Jotun, SAP, MAN, DHL, Daimler Mercedes Benz, Microsoft have located their R&D centers. Machinery and equipment manufacturing, automotive sub-industry, software, computer and communication technologies, textile, electrical, and electronics, chemistry, food, defense industry and pharmaceutical industry share the top 10 places in the sectoral distribution of R&D centers.
The GDP of Turkey grew by 11% in 2021 and amounted to USD 815.27 million. Tertiary sector makes up 61% of the GDP of the country, followed by industry sector at 32% and agriculture at 7%.
In terms of foreign trade, key exports of the country are vehicles, processed petroleum oils, machinery and mechanical appliances, electrical machinery and equipment, iron and steel products, clothing, plastic products, jewelry, fruit. Imports of Turkey consist of mineral fuels including oil, coal and petroleum, electrical energy, gold, pharmaceutical products, computers and smartphones, engienes, iron, steel, organic chemicals, aluminium, precious stones, gems.
Primary trading partners of Turkey are Germany, UK, Italy, Spain, France, Iraq, Israel, Netherlands, USA, China, Switzerland, South Korea.
Turkey has the 20th largest economy in the world by nominal GDP and 11th largest economy by purchasing power parity.
Turkey is one of the top producers of agricultural products, textile products, cars and motor vehicles, transportation equipment, construction materials, consumer electronics, as well as home appliances. Large manufacturers such as Ford, Huawei, SOCAR, Bosch, Renault, Siemens, Toyota, Diakin, Pirelli, Panasonic, Jotun, SAP, MAN, DHL, Daimler Mercedes Benz, Microsoft have located their R&D centers. Machinery and equipment manufacturing, automotive sub-industry, software, computer and communication technologies, textile, electrical, and electronics, chemistry, food, defense industry and pharmaceutical industry share the top 10 places in the sectoral distribution of R&D centers.
The GDP of Turkey grew by 11% in 2021 and amounted to USD 815.27 million. Tertiary sector makes up 61% of the GDP of the country, followed by industry sector at 32% and agriculture at 7%.
In terms of foreign trade, key exports of the country are vehicles, processed petroleum oils, machinery and mechanical appliances, electrical machinery and equipment, iron and steel products, clothing, plastic products, jewelry, fruit. Imports of Turkey consist of mineral fuels including oil, coal and petroleum, electrical energy, gold, pharmaceutical products, computers and smartphones, engienes, iron, steel, organic chemicals, aluminium, precious stones, gems.
Primary trading partners of Turkey are Germany, UK, Italy, Spain, France, Iraq, Israel, Netherlands, USA, China, Switzerland, South Korea.
Foreign entrepreneurs expand to Turkey and seek to incorporate a company in Turkey in order to conduct business in the following sectors:
- wholesale and retail sales
- industrial manufacturing
- financial services
- agricultural production
- asset management
- tourism
- car industry
- IT
- food processing
- production of electrical equipment.
Benefits of registering a company in Turkey
Business climate
- Geographic location of Turkey allows to establish a logistics center between Europe, CIS, Africa and Middle East
- Large industrial and R&D center
- Member state of Council of Europe, OECD, G20
- Open market and highly diversified economy
- Liberal investment environment
- Highly-developed infrastructure
- Political stability
- Economic and finanical stability
- Secure and flexible legal and justice systems
- Comprehensive protection of property rights
- Investment protection
Tax incentives
- Dividend payments that are subject to a participation exemption are not subject to tax
- Tax incentive for innovation, R&D, software development
- Double tax treaties with several jurisdictions
Ease of doing business
- Companies can be opened completely remotely
- No strict foreign exchange controls
Register your company in Turkey
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