How To Establih Limited liability Company in Turkey ?
How To Establih Limited liability Company in Turkey ?
"How to establish a limited company in Turkey , What are the stages of establishment of a limited company ? How long does it take to establish a limited company? What are the documents required to establish a limited company ? How to set up a limited liability company with one partner in Turkey ? How to open a limited company? What are the documents required to open a limited company ? Can a single person establish a limited company? How to set up a limited liability company? How to set up a limited company step by step in Turkey ?"
Limited companies are the type of company most preferred by foreign entrepreneurs investing in Turkey in terms of ease of establishment processes and the commercial prestige it provides. With the changes made in Turkey's commercial legislation, it has been facilitated and accelerated for foreign citizens to establish a limited liability company in Turkey.
In this article, we will try to explain, step by step, in a plain and understandable language, what is a limited company, how to set up limited company in Turkey , what should be considered when establishing a limited company in Turkey , what are the documents required to establish a limited company in Turkey.
STEP BY STEP LIMITED COMPANY ESTABLISHMENT PROCESS IN TURKEY – 2023
Step 1 ; Company establishment and determination of the accounting company providing accounting services
Entrepreneurs who decide to establish a limited liability company in Turkey must first determine the company that they will receive service from for the establishment of the company and subsequent accounting works. It is important for foreign entrepreneurs to be an experienced company in establishing a company in Turkey. An experienced team will protect your Business against legal risks. He will quickly complete all necessary legal procedures.
Step 2 ; Determining the Company Address
A business address is required to establish a limited liability company in Turkey. It is not possible to establish a limited company without an address.
This address can be a workplace you use physically, or it can be a virtual office address. Legally, there is no restriction on establishing a Limited company at the virtual office address.
Our company offers virtual business address services along with company establishment and accounting services.
Step 3 ; Documents Required to Establish a Limited Company in Turkey
The documents required to establish a limited company in Turkey are as follows;
- Notarized passport translation of the founding partners - 3 originals
- Workplace lease agreement
- 3 passport size photos of partners (white background)
- Tax numbers of the founding partners obtained in Turkey
Note ; We help you in our office to get Turkey tax number and other documents.
Step 4 ; Preparation of the Company's Articles of Association
note ; The company's articles of association are prepared by us.
In order to prepare the main contract of a limited company, first of all, the trade name to be used for the company to be established, the capital amount of the limited company (2023 – minimum 10.000 TL), the representative / manager of the company, the sector of the company and all commercial activities to be carried out should be determined. This information is important and necessary for the preparation of the limited company articles of association.
While determining the limited company title, the first two words of the company title can be in a foreign language. In general, the company title must be in Turkish. And it must contain at least one commercial sector. It is essential that the requested company title or very similar has not been previously taken by another company . For this reason, it should be investigated whether the company title is appropriate. This research is DONE BY US during the company establishment process and in case of problems with the title, alternative and possible company titles are communicated to the company officials.
After the company's title and all other issues are determined, it is entered into the mersis system and is taken from the chamber of commerce for establishment registration. Preparation of the main contract and entry to the mersis system, etc. All transactions are done by us.
Step 5 ; Chamber of Commerce Registration and Announcement
Along with the company establishment documents, company partners must be present for signature in the chamber of commerce at the appointment time. If the establishment is to be made by proxy, the original of the notarized power of attorney must be attached to the establishment documents. Chamber of commerce registration and announcement expenses and capital fees are paid to the chamber of commerce at this stage. If there are no problems, the registration of the chamber of commerce is completed within a few hours. Afterwards, within a few hours, the trade registry gazette is formed.
Step 6 ; Preparation of Company Manager's Signature Circular and company stamps
After the registration of the chamber of commerce, the registration documents and the company director should issue the signature circular from the notary public under the company title. In addition, at this stage, an accountant power of attorney under the company title should be issued to the team that will follow the accounting processes.
At this stage, stamps to be used by the company should also be made. Company stamps will be required for transactions such as tax office registration and bank account opening.
Step 7 ; Tax office registration, e-archive invoice user code and password
An application will be made to the tax office with the necessary registration documents. Our team performs the tax office registration process with a power of attorney.
While applying to the tax office, the stamp duty of the company's workplace lease agreement and accounting service agreements should be accrued.
In addition, company invoices in Turkey are issued electronically through the website provided by the tax office. This invoice system is an e-archive invoice system. The tax office user code and password that will be used to log into the e-archive invoice system will be taken.
Step 8 ; Obtaining a business license from the municipality
If your limited company has a physical workplace and this workplace is subject to a municipality business opening and operating license, an application should be made to the municipality of which you are affiliated and a business license to open and operate a business should be obtained.
9. Step ; Beginning of Limited Company Commercial Activity. Considerations
After these stages, you can start commercial activities with your company. You can sell goods/services and easily issue your sales invoices as e-archive invoices via the e-archive portal.
If the sector of your limited company is retail sales, you must purchase a cash register/pos device for issuing retail sales receipts. Some banks can give cash register - pos devices free of charge as a promotion. The authorized service for the installation of your cash register pos device will inform you about the use of the device and cutting the receipts.
You can open a bank account in your limited company from any bank. If you need personnel for your commercial activities, you can employ personnel.
In the latest legal regulations, limited companies are required to obtain a KEP (registered e-mail) account. Therefore, we recommend that the legal representative (managers) of the company receive a Registered Electronic Mail (KEP) under the company title. You can easily get the KEP address from a PTT post office near you with company documents.
Until today, we have established hundreds of companies in Turkey for foreign investors. You can always contact us for the establishment of your company from anywhere in Turkey without any problems and quickly.
Before the establishment, we prepare the current establishment cost table for your business for FREE.
Tag: How to establish a limited company in Turkey , What are the stages of establishment of a limited company ? How long does it take to establish a limited company? What are the documents required to establish a limited company ? How to set up a limited liability company with one partner in Turkey ? How to open a limited company? What are the documents required to open a limited company ? Can a single person establish a limited company? How to set up a limited liability company? How to set up a limited company step by step in Turkey?
