HOW TO ESTABLISH JOINT STOCK COMPANY IN TURKEY
How To Establish Joint Stock Company in Turkey ?
Joint stock 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 joint stock company in Turkey.
How to establish a joint stock company in Turkey , What are the stages of establishment of a joint stock company ? How long does it take to establish a joint stock company? What are the documents required to establish a joint stock company ? How to set up a joint stock company with one partner in Turkey ? How to open a joint stock company? What are the documents required to open a joint stock company ? Can a single person establish a joint stock company? How to set up a joint stock company? How to set up a joint stock company step by step in Turkey ?
In this article, we will try to explain, step by step, in a plain and understandable language, what is a joint stock company, how to set up joint stock company in Turkey , what should be considered when establishing a joint stock company in Turkey , what are the documents required to establish a joint stock company in Turkey.
STEP BY STEP JOINT STOCK COMPANY ESTABLISHMENT PROCESS IN TURKEY
Step 1; Company establishment and determination of the accounting company providing accounting services
Entrepreneurs who decide to establish a joint stock 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 joint stock company in Turkey. It is not possible to establish a joint stock 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 Joint stock 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 Joint stock Company in Turkey
The documents required to establish a joint stock 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
The company's articles of association are prepared by us.
In order to prepare the main contract of a joint stock company, first of all, the trade name to be used for the company to be established, the capital amount of the joint stock company 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 joint stock company articles of association.
While determining the joint stock 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 by another company . For this reason, it should be investigated whether the company title commercial sector. It is essential that the requested company title or very similar has not been previously taken 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.
The minimum capital to establish a joint stock company is 250,000 TL. At least one quarter (25%) of the determined company capital must be available for blocking transactions during the company establishment process.
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
The founding partners of the joint stock company must be present at the chamber of commerce for signature at the appointment time. If the establishment procedures are to be carried out with a power of attorney, the original of the notarized power of attorney must be included in the establishment documents. The chamber of commerce registration and announcement expenses and the capital fee are paid to the chamber of commerce at this stage.
In the chamber of commerce application, if there are no deficiencies in the documents and other issues are suitable, a registration certificate is obtained from the chamber of commerce in order to have the bank capital blocking procedures carried out. With the obtained document, an account is opened in a bank and at least a quarter of the company's capital is blocked.
The registration procedures are completed by applying to the chamber of commerce again with the receipt and stamped signed document to be received from the bank regarding the capital blocking.
After this, if everything is in order, the registration of the chamber of commerce is completed within a few hours. Then, the trade registry gazette is formed within a few hours.
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 joint stock 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 Joint stock 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 joint stock 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 joint stock company from any bank. If you need personnel for your commercial activities, you can employ personnel.
In the latest legal regulations, joint stock 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.
You can always contact us for questions and to get support the establishment of a joint stock company in Turkey. We preparing a current establishment cost table specific to your business FREE OFF CHARGE at first stage.
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