2023 LIMITED LIABILITY COMPANY LLC ESTABLISHMENT COST IN TURKEY

 

 

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

 

         In addition, after the establishment of the limited 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 limited company in Turkey, the total costs of establishing a limited 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 LIMITED COMPANY IN TURKEY IN 2023

 

          The main costs encountered in the establishment of a limited company in Turkey are the registration and announcement expenses ; of the chamber of commerce, the capital tax, the limited 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: $135

 

     When establishing a limited 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 limited company established in 2023 with a minimum capital (10,000 TL) starts from approximately 135 USD.

 

 B- Notary Expenses; $115

 

       Notarized passport translations are made for non-Turkish entrepreneurs when establishing a company. After the registration and announcement of the limited 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 limited liability 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; $75

 

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

 

D – LLC Company Establishment Service Fee;  $100

 

      It is the service fee to be collected for the establishment of a limited 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.

 

 

$425 USD LIMITED LIABILITY COMPANY LLC ESTABLISHMENT COST IN TURKEY – 2023

 

Note 1: The limited company establishment costs that we shared above show the minimum establishment costs of a limited company established with a single partner and minimum capital (10,000 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: In the establishment of a limited company, the issue that is as important as the establishment expenses, or even more, is the determination of the right address to receive service. An experienced team in these matters will help you establish your company in a healthy way and will guide you in financial matters. Because mistakes to be made during the establishment process of the company will cause unnecessary loss of time and extra costs.

 

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 LIMITED 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 limited 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 starting 100$ around . It is determining according to company business volume and needs. Please ask offer.

 

 

SUMMARY;  The cost of establishing a limited company in Turkey in 2023 starts at $425 for foreign investors.  Even if the company has no activity, there will be fixed costs of around $140 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 limited 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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