Are you looking to get into an international business with ease? Let us tell you that Turkey can be one of your best choices. The economic and commercial growth of this country has been clear to all in the last few years. Also, the geographical location of this country makes international business possible. Any kind of activity can be commenced e.g., a shop or a barber or other activities.
You don't require a residency to start a business and of course one of the benefits of Turkey is that Visa is not also required. Three Type of companies that can be registered in Turkey are as follows:
One of the benefits of a company registration in Turkey is that having a commercial office is not required and the home address (virtual office) can be registered and introduced to the Company Registration Office.
This kind of company you desire to register has been designed for the Turkey citizens, only. It is required for you to present, once, the capital of a company registered in the company account to the government. Related to limited liability company, however, one-fourth of the company capital must be presented to the government as an initial investment and then, the remaining three quarters.
The process of company registration in Turkey will take 7 to 10 days. However, investors must also consider the licensing process, which depends on the industry the company will operate in. In this case, the whole registration procedure can take up to 3 weeks. According to Turkey law, the person taking action for the company registration must introduce an accountant for the government to push forward with the tax and official affairs. Understand this, an experienced accountant in the field of accounting can be much helpful in the company.
After the company was registered, you can pay one-fourth of the monthly rental value as taxes to the Turkish Revenue Administration (Tax Administration Office). In case that no invoices were kept, you will be charged with a minimum of 200$ for the common company costs.
The following documents will be required for the registration of a company:
The following stages must be followed for registering a company in Turkey but we recommend you to receive consultations from our experienced advisors:
Both individuals and companies are allowed to make inquiries with the Trade Register in Turkey. They can make inquiries for the information of companies registered as follows:
Note that the company registration fee will be determined based on the share capital of the new company to be registered. The cost of company registration includes fixed costs and continuous costs. For example, the fixed cost consists of expenses to be received by the registration office, expenses related to purchase or rent of a company office and continuous costs include recruiting an accountant or financial advisor required by Turkish laws, expenses related to insurance, employees’ revenue, taxes, membership fee at the Chamber of Commerce and company rent.
For more information on the exact costs, please contact our senior advisors.