Turkey offers a dynamic and growing economy, making it an attractive destination for foreign entrepreneurs. At Immens-Consulting, we specialize in providing expert guidance and services for establishing companies in Turkey. Below is a comprehensive guide on the documents needed and some tips to ensure a smooth registration process.
Required Documents to Establish a Company in Turkey
1. Passport and Identification Documents
A valid passport (original and notarized copy translated into Turkish).
If applicable, a Turkish residence permit is not mandatory but can be helpful in certain cases.
2. Tax Identification Number
Foreign nationals must obtain a tax identification number from the Turkish tax office. This is essential for all transactions, including opening a bank account.
3. Company Articles of Association
The Articles of Association (AoA) must be prepared in line with Turkish Commercial Code regulations. The document should outline:
The company's name and purpose.
Shareholder details and share distribution.
The company’s registered address.
Operational scope and duration (if limited).
The AoA needs to be notarized.
4. Power of Attorney (if applicable)
If you cannot be physically present during the registration process, you must grant a power of attorney to your legal representative or accountant in Turkey. This document must be notarized and, if issued outside Turkey, apostilled and translated into Turkish.
5. Shareholder and Director Information
Copies of identification for all shareholders and directors.
A declaration of signatures for directors, which must be notarized.
6. Company Address
Proof of a registered office address in Turkey, such as a rental agreement or property title deed.
Immens-Consulting provides registered address and virtual office services.
7. Bank Account Information
For joint-stock companies, proof of depositing the minimum capital (25% of the total share capital) into a Turkish bank account is required before registration.
The remaining 75% must be deposited within 24 months.
8. Chamber of Commerce Application Form
A completed application form for company registration with the relevant Chamber of Commerce.
9. Trade Registry Declaration Form
This form, provided by the Trade Registry Office, includes details about the company’s founders and operational structure.
10. Additional Documents (if applicable)
If one or more shareholders is a foreign legal entity, the following documents are required:
A copy of the company’s certificate of incorporation (apostilled and translated).
A resolution from the parent company authorizing the establishment of the new company in Turkey.
After Required Documents to Establish a Company in Turkey completed;
Registration Steps
Draft and notarize the Articles of Association.
Apply for a tax identification number.
Open a bank account and deposit the minimum share capital (if applicable).
Submit the required documents to the Trade Registry Office.
Register with the Chamber of Commerce and obtain a trade registry certificate.
Register for tax and social security.
By preparing the necessary documents and following the outlined steps, you can establish your company in Turkey efficiently. Immens-Consulting is here to assist you every step of the way. Visit www.turkey-accounting.com to learn more about our tailored services for foreign entrepreneurs.
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