2023 Joint Stock Company Establlishment Cost In Turkey

 

 

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      One of the most curious subjects of many entrepreneurs who prefer a joint stock company to carry out commercial activities and make a prestigious start in Turkey is the establishment cost and expenses of the joint stock company. Because, in the process of establishing a new company, many various expenses and charges are encountered.

 

         In addition, after the establishment of the joint stock company, since it will take some time for the company to generate revenue with the advertising and marketing sales processes for its commercial activities, knowing the fixed and variable expenses in this time period will shed light on the road map to be prepared and will help the entrepreneurs to create a cautious business plan accordingly.

 

         In order to present an idea to the entrepreneurs who want to establish a joint stock company in Turkey, the total costs of establishing a joint stock company in 2023 are as follows. However, these expenses are minimum costs. The number of partners in your company may vary somewhat according to various criteria such as the sector of the company, the number of business areas, the amount of capital, the number of words in the articles of association. You can always contact us to get an up-to-date and detailed cost table for your business for FREE OF CHARGE.

 

 

COSTS OF ESTABLISHMENT OF A JOİNT STOCK COMPANY IN TURKEY IN 2023

 

        The main costs encountered in the establishment of a joint stock company in Turkey are the registration and announcement expenses ; of the chamber of commerce, the capital tax, the joint stock company establishment service fee, the passport translation, the sworn translator's fees,  signature circular of the company manager , power of attorney for accounting and  company stamps.

 

   A- Chamber of Commerce registration and announcement expense & capital fee: $175

 

     When establishing a joint stock company, a registration fee is paid for the registration and announcement of the company in the chamber of commerce. In addition, a capital fee of four ten thousandths of the company's capital is paid to the chamber of commerce. Chamber of Commerce registration, announcement expense & capital fee of a joint stock company established in 2023 with a minimum capital (50.000 TL) starts from approximately 175 USD.

 

 B- Notary Expenses; $135

 

       Notarized passport translations are made for non-Turkish entrepreneurs when establishing a company. After the registration and announcement of the joint stock company, the director of the company issues the signature circular showing the signatures that he will use while representing the company from the notary public. It also issues a power of attorney from the notary public. These costs will be around $140. In addition, if the establishment of a joint stock company is to be made with a power of attorney, the company establishment power of attorney is also issued. This will cost an average of $360.

 

C - Sworn Translator Fee; $115

 

    For entrepreneurs who do not speak Turkish, documents are translated by an authorized sworn translator during the establishment process.

 

D – JSC Company Establishment Service Fee;  $180

 

It is the service fee to be collected for the establishment of a joint stock company for foreign entrepreneurs who are not Turkish citizens. Our team, which is very experienced in company establishment, establishes your company on a turnkey basis within 3-4 working days.

 

 

     $605 USD JOİNT STOCK COMPANY JSC ESTABLISHMENT COST IN TURKEY – 2023

 

Note 1: The joint stock company establishment costs that we shared above show the minimum establishment costs of a joint stock company established with a single partner and minimum capital (50,000 TL).

 

Note 2: In the establishment of a company with more than one partner, the establishment expenses will vary somewhat, as foreign partners will have additional costs such as passport translations and sworn translators.

 

Note 3:  When establishing a joint stock company, it is obligatory to open a bank account and block at least twenty-five percent of the capital. For this reason, the capital value to be blocked must be ready.

 

Note 4 : We have established hundreds of companies so far and we are very experienced in this regard. You can always contact us to get an up-to-date and detailed cost table for your business for FREE.

 

 

2023 WHAT ARE THE MONTHLY EXPENSES OF A JOİNT STOCK COMPANY IN TURKEY ?

 

Companies registered in Turkey have various variable and fixed expenses/expenses that occur in monthly, quarterly and annual periods.

 

Even if the joint stock company has no activity, the following expenses occur every period

 

a -  Stamp Tax Of VAT decleration ; 194,60 TL - every month

b-  Witohilding Tax - Stoppage ; It starting 700 TL around for every THREE month.

c - Stamp Tax Of Corporate Tax ; 393,90 TL for every THREE month

d -  Accounting Books Approval Expenses ; It starting 2.500 TL around for EVERY YEAR.

e- Accounting & Bookkeeping Service fee;  It is determining according to company business volume and needs. Please ask offer.

 

 

SUMMARY;  The cost of establishing a joint stock company in Turkey in 2023 starts at $605 for foreign investors.  Even if the company has no activity, there will be fixed costs of around $160 each month for monthly accounting fees and stamp duty payments on tax returns.

 

 

IMPORTANT ; According to the tax laws of Turkey, even if the companies do not have any activity, it is obligatory to do the accounting work and submit the tax returns every month by the accountant. An average of 9,000 TL of financial fines are imposed on companies whose accounting work is not done and tax returns are not submitted. This penalty is cut separately for each month.

 

 

FINALLY  ; You can always contact us to get support in the establishment of your joint stock company. We prepare the updated and detailed cost table for your business for FREE in the first place. We quickly complete all official processes and procedures.

 

 

 

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