We do provide legal services on company establishment in Turkey. Our law firm does Limited Liability Company Establishment, Joint Stock Company Establishment and other types of companies in Turkey. Our law firm has an efficient and experienced team of company establishment lawyers.
Our law firm offers service of registration of companies in Turkey and other accompanying legal services to the clients. With our impeccable and experienced services our clients spend less time for collection of documentation, as well as significantly increase the chances for quicker registration due to proper filing and documentation.
Company registration in Turkey:
The establishment of a company in Turkey is not very different from starting a business in other countries.
It is not necessary to apply for a visa or residence permit to establish a company in Turkey.
The citizens of Turkey and foreign citizens can register companies in Turkey with accordance to the Turkish Commerce Code. Furthermore, in order to register a company in Turkey it is necessary to obtain a legal address. Depending on the company type, the legal address may be a virtual office or an actual office could be rented. Depending on our client’s requests, we give consul about which type of legal address method would be most suited for the client.
Also, both Turkish citizens and foreign citizens are in their right to indicate their home addresses as a legal address for their business (as Home Office), as such address is used for sending correspondence, invoices, declarations and other notifications. However, foreigners who do not have any property in Turkey should be aware that there is a responsibility of owning a company in Turkey. Even If the established company will not perform any work for a time, there still some accounting and legal actions needs to be done regularly. Such as, declaration of VAT to tax office. This is been done every month even though the company is not active.
Also, if the company is inactive and no staff works in the legal address, legal notices that is been made to company might be valid and that might cause to loss of rights such as losing right to object to a payment order.
Establishing a Company in Turkey: Choosing Company Type
Each company type is in bound by different regulations or requirements concerning the registration of legal entities, but there are still a lot of common requirements among them.
Types of Company Registration in Turkey
Registration of a new company in Turkey is possible as one of the following legal entities:
- Limited Liability Company (LLC)
- Joint Stock Company
- Holding Company
- Liaison Office
- Branch Office
- Joint Ventures
The most common and cost-efficient company type is Limited Liability Company (LLC). Limited Liability Companies may have one or more owner, shareholder and company director. It is easy to manage and easy to maintain. Legal requirements are also lesser than any other type of company. Depending on the request of our clients, we usually recommend to establish LLC company.
Establishing a company is as important as to maintain it. In Tukey, the owners of the companies are prudent traders in the eyes of the law. It means, in any type of actions, transactions, signed contracts; the owner of the company has to act whilst thinking consequences of his/her actions. According to Turkish Code of Commerce the trader is a person who knows and sees the outcomes of a contract, doesn’t misses a detail thus this leads that the trader cannot claim that his/her ignorance, incompetence leads to a faulty result in the court.
Thus, to prevent undesirable verdicts and outcomes, our law firm provides preliminary legal consultancy to our clients with our experienced and skilled corporate lawyers.
Documents required to register a company in Turkey
- Personal information regarding one or more founders, as well as appointed directors of the company. Among the necessary information, there are: surname, name and patronymic, place and date of birth, address of registration and residence, copies of their passport and the Turkish translation of the passport.
- If legal entities act as the founders, additional documents are required. Among them, there are: statutory documents of the enterprise, including minutes of meeting, articles of association, certificate of incorporation, etc.
- The PoA from the founder or founders (if there is more than one founder). This PoA is been prepared by us regarding the requests of client about establishing company in Turkey.
- Pictures from founder or founders.
- It is obligatory to provide information on the name of the company, as well as the attached list of its types of activities.
All documents for registration of company in Turkey should be translated into Turkish and all pages should be signed or stamped by the notary. The processing of information in Turkey is very detailed.
Details of the timetable and each of the stages of company registration in Turkey can be specified by our lawyer from our law firm. Our expert lawyers on company establishment will help you select the best type of company for registration and provide legal assistance throughout the company’s establishment.