Turkey’s strategic position and dynamic economy make it an attractive destination for international business expansion. Foreign nationals can establish and own 100% of a company in Turkey under the Foreign Direct Investment (FDI) Law No. 4875, enjoying the same legal status as domestic entrepreneurs.
This legal article by Avukat Damla Bayrak Law Firm details the company structures, setup stages, and legal duties for foreign founders in Turkey.
1. Common Company Types for Foreigners
- Limited Liability Company (Limited Şirket – LTD): The most popular corporate structure. Requires a minimum of 1 shareholder (foreign or domestic) and minimum capital requirements as stipulated by the Turkish Commercial Code (TTK).
- Joint-Stock Company (Anonim Şirket – A.Ş.): Ideal for larger investments or businesses planning to issue shares or go public.
- Liaison Office or Branch Office: Suitable for foreign corporate entities wanting representation or commercial execution in Turkey.
2. Key Steps in Establishing a Turkish LLC
- Drafting Articles of Association: Preparing corporate statutes and executing them via the MERSİS digital system.
- Tax Identification Numbers: Obtaining potential tax numbers for foreign shareholders and company managers.
- Capital Deposit & Bank Setup: Depositing the statutory capital portion into a corporate bank account in Turkey.
- Trade Registry Registration: Completing official registration at the local Chamber of Commerce (İTO in Istanbul).
3. Corporate Legal Compliance
Once registered, foreign companies must comply with Turkish tax laws, social security regulations (SGK), corporate reporting, and employment rules. Legal consultation ensures ongoing compliance and prevents administrative penalties.
4. Legal Business Services in Istanbul
Avukat Damla Bayrak Law Firm assists foreign entrepreneurs with incorporation, contract drafting, tax registration, and corporate litigation in Istanbul.
Contact Details:
Address: Çağlayan, Park Cd No: 22/24 Kat: 3, Daire 24, 34403 Kağıthane/İstanbul
Direct Phone & WhatsApp: +90 534 598 95 99
Email: info@avdamlabayrak.com
Website: avdamlabayrak.com/en/
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