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Establishing a Business in Türkiye

Türkiye’s FDI Law is based on the principle of equal treatment and allows international investors to have the same rights and liabilities as local investors.
The conditions for setting up a business and transfer of shares are the same as those applied to local investors. International investors may establish any form of company set out in the Turkish Commercial Code (TCC), which provides for a corporate governance approach that meets international standards, fosters private equity and public offering activities, creates transparency in managing operations and brings the Turkish business environment in compliance  with EU legislation as well as with the EU accession process.
Company Types under TCC and Alternative Forms
 
There are corporate and non-corporate forms of companies under the TCC, which states that companies may be established under the following types:
a. Corporate forms
  • Joint Stock Company (JSC)
  • Limited Liability Company (LLC)
Although some financial thresholds (i.e., minimum capital) and organs differ from each other, the procedures to be followed for establishing a JSC or an LLC are the same.
b. Non-corporate forms
  • General Partnership
  • Limited Partnership
  • Partnership Limited by Shares
Although companies may be established according to these five different types, JSC and LLC are the most common types chosen both in the global economy and Türkiye.
Establishing a Company
In case of establishing of a company in Türkiye, related rules and regulations must be followed: ​
  • Submit the memorandum and articles of association online to MERSIS
  • Execute and notarize company documents
  • Obtain potential tax identity number
  • Deposit a percentage of capital to the account of the Competition Authority
  • Deposit at least 25 percent of the startup capital in a bank and obtain proof thereof
  • Apply for registration at the Trade Registry Directorate
  • Certify the legal books
  • Follow up with the tax office on the Trade Registry Directorate’s company establishment notification
  • Issuance of signature circular
  • Move certain documents to electronic format / E-TUYS system
  • Author: Gunel Musa

Public Relations Manager

31.01.2025
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