Establish a company in Turkey

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Establish a company in Turkey

Leran How to set up a business in Turkey,open a company

Turkey is moving into the world of business and finance faster with a high rate, and it deserves to exist as a commercial body according to the economic statistics. There are facilities to the investors and the way it acts with both Arabian and foreigner markets openly. Turkish manufacturer is a trademark for its productions’ high qualities which is more than its counterparts such as China, Taiwan, and Thailand.

First, the company’s headquarters

 According to the Turkish Law, to establish a company in Turkey, the company’s headquarters must be exist.

There are two choices to get either a virtual or a real headquarters:

The first choice is to get a real location which is an actual place for your company. To rent a place that will cost you approximately 1500 to 2000 Tl monthly, in addition to other expenditures such as commission; etc.

The second option is to get a virtual place (Virtual Office in Turkey); which is 100% legal address given to you by the state, but it is not a real place for your business.

Second, Capital of the company

The capital of the company is the main point, where the Turkish law specified that to found a company the minimum capital should be 10.000 Tl. This amount of money cannot obtain you any power, Because the Turkish law deals with the company according to its capital value, so we will announce that the capital is 100.000 and it is useful for you to:

  • Getting a  work/residence permit.
  • The ability to join the commercial organization as TURSAB, Musiad, and others.
  • Be able to perform deals to Export and import goods in accessible ways.

NOTE: It is not necessary to deposit the capital in the bank during the establishment process, the amount has to be deposited before applying for the work permit or within 24 months from the date of establishment

Before starting in establishing a company  we have to specify the Type Of The Company type we would like to develop,

We’ve talked before about the companies types in Turkey, sort of the company depends on the company size as the following:

  • Limited liability company
  • Joint stock company
  • Limited partnership corporate
  • Partnership company
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