# Company Set up Turkey with Recent Updates

To set up a company in Turkey for 2026, **<mark>you must first choose a company type and prepare documents like the Articles of Association and notarized passports for foreign investors.</mark>** **<mark>Then, you need to obtain a Turkish Tax ID, deposit capital, and register the company with the Trade Registry Office.</mark>** **<mark>Finally, you will register for tax and social security, open a corporate bank account, and apply for any necessary business licenses and permits</mark>**. 

**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](https://www.google.com/search?client=opera&sca_esv=49d605c33f00d0c3&cs=0&q=Limited+Liability+Companies&sa=X&ved=2ahUKEwjwoevf_KiPAxWJ0gIHHXw4Eh4QxccNegQIMRAB&mstk=AUtExfBvVcd7-ZFH1p1MHsBoKs5Mto3fdkst9f5eHN_P87DYdIq3udlpyDGUtwVQcsTA4GYwaPwrC9pkuLLQyj91vbDSvYwo33Fhx2E2huIavvVLb0lV9K7QHre-VX1xqbrhJmc&csui=3) (LLCs) to 50,000 TL and [Joint Stock Companies](https://www.google.com/search?client=opera&sca_esv=49d605c33f00d0c3&cs=0&q=Joint+Stock+Companies&sa=X&ved=2ahUKEwjwoevf_KiPAxWJ0gIHHXw4Eh4QxccNegQIMRAC&mstk=AUtExfBvVcd7-ZFH1p1MHsBoKs5Mto3fdkst9f5eHN_P87DYdIq3udlpyDGUtwVQcsTA4GYwaPwrC9pkuLLQyj91vbDSvYwo33Fhx2E2huIavvVLb0lV9K7QHre-VX1xqbrhJmc&csui=3) (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