We specialize in helping foreigners establishing companies in Turkey. Our process simplifies Turkish company formation to be understandable, predictable, and cost effective. We are passionate about helping people access business opportunities in Turkey and we are confident we can help you to set up your company smoothly.
A Joint Stock Company is a limited company that can issue stock certificates, and set up with at least 5 shareholders, real persons or legal entities. The company’s stock capital is divided into shares, and the liability of the shareholders is limited with the share capital. Minimum capital requirement is 50,000 TL. General Assembly, Board of Directors and Supervisory Board are mandatory company organs.
Limited liability company has a more flexible structure, and for this reason, it is preferable than the other company types. At least one shareholder is required to form this type of company and a minimum share capital of 10,000 TL will also have to be deposited during the initial phase of the incorporation process. The liability of the shareholders is limited to the amount of share capital invested in the company.
A Commandite Company is a type of company established to carry out a business under a trade name. Whereas the liability of some shareholders is limited to the capital subscribed and paid by the shareholder (commanditer), for some shareholders there is no limitation of liability. The liability of legal entities will be in proportion to their shares. There is no minimum capital requirement. The rights and obligations of the shareholders are determined by the Articles of Association.
A Collective Company is similar to a Commandite Company, except only real persons can be shareholders of a Collective Company and the liability of the shareholders is limited to the capital subscribed and paid by the shareholder. Like a Commandite Company, a Collective Company is set op carry out a business under a trade name without a requirement of minimum capital, where the rights and obligations of the shareholders are also set out in the Articles of Association.
It is companies which owned by one real person and can conduct of their business, and There is no minimum capital for these companies, but it is difficult for the investor to get work permit through this type of company, first must be registered in the Chamber of Commerce, and then apply for a work permit.
Companies based abroad whose capital is divided into shares can open branches in Turkey. Opening a Branch requires prior approval from the Ministry of Commerce and Industry. For further information, click on Setting up a Branch.
Companies based abroad can open liaison offices in Turkey provided if commercial activities are not carried out through these offices. For further information, visit the section on Setting up a Liaison Office.
Company formation ( All types ) .
Company Liquidation .
Changing the company type .
Capital increase .
Capital decrease .
Share transfer .
Share selling & buying .
Change of registered company address .
Foreigners who want to work in Turkey need to obtain a Work Permit before they can start working. Apart from some exceptional cases, Work Permits are granted by Ministry of Labor and Social Security. The application for work permits are done by the employers and the process usually starts by the employee applying to a Turkish Consulate where he/she is resident.
In order to stay in Turkey more than 90 days, a foreigner needs to obtain a Residence Permit. Residence Permits are granted by Immigration Office within the body of Turkish Ministry of Interior Affairs. There are different residence permit types, for example, a foreigner who enters to Turkey with a tourist visa can apply for a short term Residence Permit before his/her visa duration expires.
Our team has a long track record of helping foreigners to access profitable business opportunities in Turkey. Our experience includes Turkish company formation in a range of sectors, as well as supporting over a hundred foreigners with residence permit applications and renewals. Clients consistently praise our team for its professionalism and responsiveness.