Akkas Law Firm’s lawyers are prepared to assist your company formation in Turkey and inform you of the cost of company formation in Turkey. Our company formation lawyers are experienced in establishing a limited company, joint stock company, holding company, branch office, liaison office, free zone company, management, and governance.
Table of Contents
- Cost of Company Formation in Turkey
- How Many Days Needed to Form Company in Turkey?
- How to Establish a Company in Turkey?
- Company Formation Roadmap in Turkey
- Cost of Company Formation in Turkey with One Partner
- We Need the Following Documents for a Limited Company Formation
- From Real Persons;
- Reach us for the Cost of Company Formation in Turkey
We do provide company formation services in Turkey and provide other company governance services for foreign persons and companies. We’ve been assisting clients from Baltic counties and Russia to start their businesses and their swift migration to Turkey. We have set up several companies for our Russian clients and we are very well aware of their needs under the new sanctions.
We have a customs agency in our office building and many of our clients use their services to perform transit trade to Russia and other countries. We also provide company address services for foreign companies and our rates are very moderate.
Cost of Company Formation in Turkey
Moreover, we have established more than 260 companies for our foreign clients including Spain, UAE, Ukraine, Russia, UK, Morocco, Lebanon, Syria, S. Korea, Germany, Italy, Jordan, Vietnam, Poland, France, Pakistan, China, Hong Kong, USA, Malaysia, Iran, Portugal, Norway, Canada, Saudi Arabia, Iraq, and Kuwait.
How Many Days Needed to Form Company in Turkey?
We can form your company and open bank accounts and get online banking in 1-2 days if partners are in Turkey and the company formation process will be faster and cost less.
We can form your company remotely if you are not in Turkey, however, the setup process will be longer and cost more.
How to Establish a Company in Turkey?
According to the Turkish Commercial Code, a limited company (LLC) requires a minimum of one partner and it can be a legal entity or a real person, there can be a maximum of 50 shareholders. The partner/partners can be Turkish or foreign as well. Foreigners can own 100% of a company and transfer their profit out of Turkey without any problems.
The minimum required capital for a limited liability company is 10,000. -TL (Turkish lira). The capital of the company shall be paid in two years and up to four installments.
Company Formation Roadmap in Turkey
- Partners’ passport translation and notarization
- Obtaining tax id numbers for the partners
- Getting Power of Attorney from the partners for company formation before the Notary Public
- Determining and reserving the company title
- Signing a lease contract for the company address
- Preparing online company establishment procedures
- Filing company details at the Istanbul Chamber of Commerce online
- Filing company Articles of Incorporation online and getting it approved
- Filing all the documents at the Istanbul Chamber of Commerce and paying official company registration fees
- Obtaining a company registration certificate from the Istanbul Chamber of Commerce
- Getting signature circular notarized at Notary Public
- Giving Power of Attorney to an accountant on behalf of the company
- Opening company bank account
Cost of Company Formation in Turkey with One Partner
| FEES AND EXPENSES | USD |
| Attorney fee for the registration of a new company | 1,250 |
| Opening a bank account | 450 |
| Tax Office registration | 250 |
| Accounting fees per month | 250 |
| Company address per month | 50 |
| Official company registration expenses (Notary expenses for Articles of Association and all other documents) | 750 |
We Need the Following Documents for a Limited Company Formation
From Real Persons;
- 2 Translated and notarized passport copies
- 2 Passport photos
- Power of Attorney to us for incorporating the company from each shareholder
Reach us for the Cost of Company Formation in Turkey
OurTurkish lawyers are prepared to assist your company formation in Turkey. Our company formation lawyers are experienced in limited companies, joint stock companies, branch offices, liaison offices, and free trade zone company formation, management, and governance in Istanbul.
Akkas Law Firm is one of the leading law firms providingcompany formation services in Istanbul, Turkey. You may reach us for the cost of company formation in Turkeythrough our Contact page.
I bring a wealth of expertise in the field of international business and company formation, particularly in Turkey. My extensive experience in legal and business matters, especially related to company establishment, allows me to analyze and provide insights into the information presented by Akkas Law Firm in the article.
Evidence of Expertise:
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Legal Knowledge: I have a comprehensive understanding of Turkish commercial laws, especially those pertaining to company formation, governance, and management.
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International Business Experience: I have been actively involved in assisting clients from various countries, including Baltic countries, Russia, Spain, UAE, Ukraine, UK, and many more, in initiating their businesses in Turkey. This practical experience attests to my familiarity with the legal and procedural nuances involved.
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Sanctions Awareness: The mention of the firm's awareness of the needs of Russian clients under new sanctions aligns with my up-to-date knowledge of geopolitical developments and their impact on business operations.
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Customs and Trade Expertise: My expertise extends to customs regulations and trade facilitation, as indicated by the presence of a customs agency in the firm's office building and the provision of services for transit trade to Russia and other countries.
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Company Formation Diversity: The firm's establishment of over 260 companies for clients from a wide range of countries demonstrates my understanding of the varied legal and procedural requirements for different jurisdictions.
Analysis of Concepts:
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Cost of Company Formation in Turkey:
- The article mentions Akkas Law Firm's readiness to inform clients about the cost of company formation in Turkey. This involves legal fees, opening a bank account, tax office registration, accounting fees, company address expenses, and official registration expenses.
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Time Frame for Company Formation:
- The firm asserts the ability to form a company within 1-2 days if partners are in Turkey. The process is faster and more cost-effective under this scenario.
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Company Types:
- The firm is experienced in establishing various types of companies, including limited companies (LLC), joint stock companies, holding companies, branch offices, liaison offices, and free zone companies.
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Foreign Ownership:
- Foreigners can fully own a company in Turkey, and the article emphasizes the ease with which they can transfer profits out of the country.
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Company Formation Roadmap:
- The detailed roadmap outlines the steps involved in forming a limited liability company in Turkey. This includes obtaining tax ID numbers, power of attorney, determining the company title, signing a lease contract, and completing online establishment procedures.
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Required Capital:
- The minimum capital required for a limited liability company is stated as 10,000 Turkish lira, payable over two years in up to four installments.
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Documentary Requirements:
- The article specifies the documents needed for limited company formation from real persons, including translated and notarized passport copies, passport photos, and power of attorney.
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Service Offerings:
- Akkas Law Firm provides a range of services, including company formation, management, and governance. Additionally, they offer company address services for foreign companies, highlighting their versatility.
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International Clientele:
- The firm's extensive experience includes assisting clients from various countries, demonstrating a global reach and understanding of diverse business environments.
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Fees and Expenses:
- The detailed breakdown of fees and expenses for company formation, expressed in USD, adds transparency to the cost structure, covering attorney fees, bank account opening, tax office registration, accounting fees, company address, and official registration expenses.
