COMPANY ESTABLISHMENT SERVICE

Starting a Business

Turkey’s Foreign Direct Investment (FDI) Law is based on the principle of equal treatment and allows international investors to have the same rights and obligations as local investors.

The terms of incorporation and share transfer are the same as those applied to local investors. Accordingly, international investors can establish all types of companies specified in the Turkish Commercial Code (TTK).TTK; It offers a corporate governance approach that meets international standards, encourages private equity and public offering activities, provides transparency in management transactions, and aligns Turkey’s business environment with EU legislation and the EU accession process.

Business establishment and share transfer requirements are the same as those applied to local investors.International investors can establish any company specified in the Turkish Commercial Code (TCC), which meets international standards, encourages private equity and public offering activities, creates transparency in the management of operations, and provides a corporate governance approach that brings the Turkish business environment together.In line with EU legislation and the EU accession process:Types of Companies and Alternative Forms under the TCC.

There are corporate and non-corporate forms of companies under the TCC, which state that companies can be established in the following types:
1 Institutional Forms
  • Join Stock Company(JSC)
  • Limited Liability Company(LLC)

Although some financial thresholds (minimum capital) has different contexts the procedures to set up a JSC or LLC are the same.

2 Non-Institutional Forms
  • General Partnership
  • Limited Partnership
  • Limited Partnership by Shares

Although companies can be established according to these five different types, JSC and LLC are the most commonly chosen types both in the global economy and in Turkey.

Establishing a company

In case of establishment of a company in Turkey, it is obligatory to comply with the relevant rules and regulations:

There are many tax advantages and government incentives for investing and establishing a business in Turkey, and foreign investors can also benefit from these incentives like Turkish citizens.For example, there are highly effective and beneficial incentives such as allocating land for 49 years without any charge to foreigners who will establish a factory and create employment in Turkey.