Contracting real estate company formation cost in Turkey

 

 

       If you are wondering the answers to similar questions about establishing a Contracting real estate company in Turkey, you are at the right place.

 

         “How to set up a Contracting real estate company? What are the documents required to establish a Contracting real estate company in Türkiye? How much does it cost to establish a Contracting real estate company in Turkey? Contracting real estate company opening fees? What are the necessary permits to establish a Contracting real estate company in Türkiye? How long does it take to establish a Contracting real estate company? Can a single person set up a Contracting real estate company? What are the monthly expenses of the Contracting real estate company? “

       From our entrepreneur friends who want to establish a Contracting real estate company in Turkey and who want to engage in commercial activities in this field, from the questions sent to our company, the establishment process of the Contracting real estate company, its costs, permissions, monthly expenses, etc. We have written the following article to guide you on these issues.

 

        If you are considering establishing a Contracting real estate company in Turkey and want to engage in commercial activities in this field, we think you will find answers to most of your questions on this page. If you need more information about establishing a Contracting real estate company other than the information on the page, you can always contact us. We will be happy to assist you.

 

 

 

Step by step establishment a Contracting real estate company in Turkey

 

1. Determining the Correct Address to Get Service

 

              The first thing that entrepreneurs who decide to establish a Contracting real estate company should determine is to determine the right address to get support for the establishment and subsequent accounting processes of the company. A team experienced in the establishment and financial processes of the Contracting real estate company will ensure that your company is established on a legal basis, guide you correctly and protect your business against financial risks.

 

 

2. Determining the type of Contracting real estate company

        In order to establish a Contracting real estate company in Turkey, one of the first things you need to determine is the legal type of the company. In order to carry out commercial activities in this sector, you can choose a Limited company or an Incorporated company.

 

          The most preferred company type in Turkey by foreign entrepreneurs is limited liability company. In addition to being prestigious, a limited company is easier to establish than a joint stock company. Also, the costs of a limited company are less than a joint stock company.

 

3. Determination of Contracting real estate company address

         It is not possible to establish a company without a workplace address in Turkey. For this reason, when establishing a company, you must determine the legal business address where your Contracting real estate company will be established.

 

       If you do not need a physical office or workplace for your Contracting real estate company, you can also establish a virtual office address at affordable costs.

 

         Using a virtual office address is a very cost-effective solution, so is preferred by many entrepreneurs engaged in Contracting real estate company activities.

 

 

4. How much is the establishment cost of a Contracting real estate company in Turkey?

     The cost of establishment of a Contracting real estate company varies according to the type of company to be preferred.

 

       If you prefer a limited company, the cost of establishing a limited company in Turkey for a foreigner starts from approximately 420 USD, according to the minimum data of 2023. This cost includes the registration of the limited company in the chamber of commerce, notary expenses, company establishment service fee, translator costs, tax office registration, company stamps, etc included.

 

       Even if you prefer an Incorporated /Joint StockCompany for your Contracting real estate company activities, there will be establishment expenses starting from 610 USD according to the minimum data of 2023. This cost is the establishment expenses of the company and does not include the capital to be blocked.

 

 

5. How long does it take to establish a Contracting real estate company in Turkey?

      We complete the establishment of Contracting real estate company Limited company in Turkey within 3 or 4 working days on average.

 

        The establishment process of the joint stock company is completed within an average of 4 - 6 working days.

 

 

6. What are the documents required to establish a Contracting real estate company in Turkey?

      In order to establish a Contracting real estate company in Turkey, the documents that the founder must prepare are as follows;

 

- Notarized Turkish translation of the passport - 3

- Three photos

-Personal tax number obtained in Turkey

 

    Note : If you come to our office, we prepare all the necessary documents.

 

 

7. What are the monthly expenses of the Contracting real estate company in Turkey?

        After the establishment of your Contracting real estate company in Turkey, EVEN IF THE COMPANY HAS NO COMMERCIAL ACTIVITY, there will be some monthly and periodic expenses. While some expenses are fixed every month, some expenses are based on criteria such as your company's activity volume, employee employment, number of invoices and income and expense status.

 

      The fixed expenses of the Contracting real estate company every month are as follows.

- STAMP TAX of value added tax declaration; 194.60 TL - Every month

- STAMP TAX of provisional tax/income declaration; 393.90 TL – Quarterly

- Withholding Tax and STAMP TAX on the declaration; You can think of it around 650 TL – Quarterly (Declaration is given every month if there is a worker)

- Accounting service fee; Determined by company type and business volume – Paid monthly.(ask for price)

- Ledger confirmations & Expense Contribution ; It varies according to the type of company. Once a year.

 

 

             IMPORTANT NOTE; These expenses are the monthly fixed expenses of a Contracting real estate company registered in Turkey, which has no activity. Apart from these, there will be expenses according to the size of the company's activity volume, which are formed according to criteria such as the size of the company, turnover, employment of insured workers.

 

             FOR EXAMPLE ; If you employ a minimum wage employee in your Contracting real estate company, a SSI premium payment of 3,753 TL will be incurred every month in addition to the salary of the personnel. SSI Premiums vary according to the salary of the personnel.

 

 

8. What are the necessary permits to open a Contracting real estate company in Turkey?

             In the establishment processes of the Contracting real estate company in Turkey, we are registering with the trade registry, registering with the tax office, and registering the workplace with the social security institution (SGK) if workers are to be employed.

 

              If you are going to operate in a physical workplace/shop for your Contracting real estate company, you must apply to the municipality you are affiliated with after completing the establishment procedures of your company and obtain the license to open and operate a business. We do this too.

9. Can foreigners open a Contracting real estate company in Turkey?

    Yes. Foreign nationals can establish a Contracting real estate company in Turkey with their passports. There is no legal restriction.

 

10. Is a Turkish partner required to establish a Contracting real estate company in Turkey?

      In order to establish a Contracting real estate company in Turkey, a Turkish citizen partner is not obligatory. With your passport, you can establish a company in your own name in Turkey. And you can be the legal representative of the company yourself.

 

 

11. Do I need to employ workers after establishing a Contracting real estate company in Turkey?

         Once you set up a Contracting real estate company, it's entirely up to your business whether to hire staff or not. If you don't need it, you don't have to employ staff. You can set up your own company and engage in commercial activities.

 

 

12. Is capital required to establish a Contracting real estate company in Turkey?

             It is not necessary to deposit capital in a bank account while establishing a Real Estate Real Estate Limited company in Turkey. That is, there is no need for capital when establishing the company.

 

           After establishing a limited company, you can open a bank account in your company. And within two years, you can deposit the capital into the company's bank account.

 

             If you choose an Incorporated company for your Contracting real estate company activities, at least a quarter (25%) of the company's capital must be available when establishing the company. The minimum capital that joint stock companies can be established in Turkey is 50.000 TL. An A.Ş. with a capital of 50,000 TL. In order to establish a bank, at least 12,500 TL must be blocked in the bank account at the institution.

 

 

13. I want to establish a Contracting real estate company in Turkey. Where should I start?

         When you decide to establish a Contracting real estate company in Turkey, you can always send us your request via e-mail, phone or whatsapp application.

 

         In the first place, we prepare the current and detailed cost table for your Contracting real estate company for FREE. We send our service offers together with the cost table.

 

         If costs and service offers are suitable, you can always visit our office to start the establishment process, to meet and to conduct detailed consultations.

 

        If you do not want to come to our office, wherever you are in the world, we establish your company on a turnkey basis, without even having to come, with a company establishment power of attorney that you will send from the notary public or the Turkish embassy.

 

         If you want, we also provide a virtual office address in Istanbul for your business. We complete all official records and procedures quickly.

 

 

 

How to set up an Contracting real estate company in Turkey? What are the documents required to set up an Contracting real estate company? How much does it cost to start an Contracting real estate company? Contracting real estate company opening fees? Permissions required to set up an Contracting real estate company in Turkey? How long does it take to set up an Contracting real estate company? Can a single person establish an Contracting real estate company? How much are the monthly expenses of an Contracting real estate company in Turkey?