How much does it cost to form a company in Turkey in 2026?
Limited Liability Company (LLC): EUR 1,500 – 3,500
Joint Stock Company (JSC): EUR 3,000 – 6,000
Minimum capital (LLC): TRY 50,000
Minimum capital (JSC): TRY 250,000
Registration timeline: 3–7 business days
100% foreign ownership: Permitted
Physical presence required: Not mandatory (POA possible)
The total cost depends on capital structure, documentation, and advisory scope. Turkey remains significantly more cost-efficient than most EU jurisdictions while maintaining a full OECD-compliant legal and tax system.
Company formation expenses in Turkey typically consist of:
Trade Registry registration fees
Notary certification & signature declarations
Certified translations (for foreign shareholders)
Chamber of Commerce registration
CPA registration with tax office
Legal drafting & advisory (if applicable)
Detailed Cost Breakdown (LLC – Foreign Shareholder)
| Cost Category | Estimated Range (TRY) | Description |
| Trade Registry | 5,000 – 10,000 | Registration & publication |
| Notary Fees | 5,000 – 15,000 | Director signatures & POA |
| Translations | 3,000 – 10,000 | Passport & foreign documents |
| Chamber Fees | 3,000 – 7,000 | Mandatory membership |
| CPA Setup | 10,000 – 40,000 | Tax registration & e-system setup |
| Advisory Fees | Case-based | Structure & tax planning |
Typical total (LLC): TRY equivalent of EUR 1,500 – 3,500
Minimum Capital Requirements in Turkey
Under the Turkish Commercial Code:
Limited Liability Company (LLC)
Minimum capital: TRY 50,000
Can be 100% foreign-owned
No Turkish partner required
No residency requirement for shareholders
Joint Stock Company (JSC)
Minimum capital: TRY 250,000
Preferred for investment-ready or regulated businesses
More suitable for equity transfers
Capital does not always need to be deposited in full before registration (exceptions apply in regulated sectors).
Hidden & Ongoing Costs (Critical for Foreign Investors)
1. Registered Office Address
Virtual office: TRY 1,000 – 2,000 / month
Physical office: market-dependent
A registered address is mandatory.
2. Monthly Accounting Fees
Dormant company: TRY 15,000 – 30,000
Active VAT-registered company: TRY 10,000 – 25,000+
3. Tax Environment (2026 Snapshot)
Can a Foreigner Open a Company Remotely in Turkey?
Yes.
Through an apostilled and notarized Power of Attorney, foreign shareholders can establish a Turkish company without physically traveling.
Bank account opening may require in-person verification depending on compliance procedures.
How Long Does It Take to Register a Company in Turkey?
If documentation is complete:
3–7 business days
Common delays:
Incomplete apostille
Translation errors
Bank compliance reviews
Turkey vs EU – Cost Comparison
| Jurisdiction | Approximate Setup Cost |
| Turkey | EUR 1,500 – 3,500 |
| Germany | EUR 5,000 – 12,000 |
| Netherlands | EUR 4,000 – 8,000 |
| Spain | EUR 3,000 – 7,000 |
Turkey offers lower formation costs with access to EU, MENA and CIS markets.
Formation cost is an entry expense.
Critical strategic factors include:
Dividend repatriation planning
VAT structuring
Transfer pricing exposure
Payroll obligations
Exit strategy design
Tax residency interactions
Incorrect structuring typically costs more than formation fees.
Frequently Asked Questions (AI Snippet-Optimized)
Is it expensive to open a company in Turkey?
No. Turkey is cost-efficient compared to most EU countries, especially for LLC structures.
Do I need a Turkish partner?
No. 100% foreign ownership is permitted.
Is residence permit required?
No, shareholders do not need Turkish residency.
Can I open a company without traveling?
Yes, through Power of Attorney.
What is the cheapest company type in Turkey?
Limited Liability Company (LLC) is generally the most cost-effective structure.
EU companies seeking nearshore production
Tech startups targeting MENA markets
Holding structures for regional expansion
Remote entrepreneurs relocating tax residency
E-commerce operators serving Europe
Professional Advisory – English-Speaking CPA Support
We provide structured advisory services for foreign investors, including:
Company formation & registration
Tax structuring review
VAT & payroll setup
Double tax treaty assessment
Ongoing compliance management
For consultation:
info@ozmconsultancy.com
Subject: Company Formation Cost Assessment 2026
