Turkey's regulatory environment is extremely business-friendly. You can establish a business in Turkey irrespective of nationality or place of residence. The registration and establishment of a company in Turkey can be completed in one day.
The process is handled by one ministry which acts as the coordinator between all authorities.
The first step in establishing a business in Turkey is to fill out the business registration form at the local trade registry office located at the local chamber of commerce.
The process is as follows:
- Submit the notarized articles of association.
- Deposit 0.04% of the capital into either a state bank or the Central Bank of the Republic of Turkey.
- Complete the company establishment form and register with the trade registry office.
International companies may start their activities in Turkey in various forms depending on the investors' development strategies.
The most common types of legal entities in Turkey are:
- Limited liability company (Ltd. Sti.)
- Joint-stock company (A.S.)
- Branch office
- Liaison office