To set up a company in Turkey for 2026, you must first choose a company type and prepare documents like the Articles of Association and notarized passports for foreign investors. Then, you need to obtain a Turkish Tax ID, deposit capital, and register the company with the Trade Registry Office. Finally, you will register for tax and social security, open a corporate bank account, and apply for any necessary business licenses and permits.
1. Prepare Documents
Articles of Association: Draft and notarize the Articles of Association (AoA) for your company, ensuring it complies with the Turkish Commercial Code.
Passports: Provide notarized copies of passports for all foreign shareholders.
Corporate Documents: If a foreign company is a shareholder, provide its translated and notarized Certificate of Registration and a resolution from its management board authorizing the formation of the Turkish company.
2. Obtain a Turkish Tax Identification Number
- All shareholders (foreign and local) must get a Turkish tax identification number from the local tax office.
3. Open a Corporate Bank Account and Deposit Capital
Open a corporate bank account to deposit the company's initial capital.
Note that a 2024 change increased the minimum capital for Limited Liability Companies (LLCs) to 50,000 TL and Joint Stock Companies (JSCs) to 250,000 TL, with payment often deferred for up to two years.
4. Register with the Trade Registry
Submit the completed application form and all relevant documents to the local Trade Registry Office.
The company legally becomes a "legal entity" after the Trade Registry approves its registration.
5. Register for Tax and Social Security
- Register the newly formed company with the Turkish tax office and the Social Security Institution.
6. Obtain Licenses and Permits
- Depending on your business sector, you must apply for and obtain any required licenses and permits to operate legally.
Important Considerations
Company Types:
Common options include Limited Liability Companies (LLC), Joint Stock Companies (JSC), or even Branch Offices.
Resident Permit:
Forming a company does not automatically grant a resident permit. If you plan to live in Turkey, you'll need to apply for one separatel
