COSEC Service Fees in Turkey: A Breakdown for Limited and Joint-Stock Companies

PublishedFebruary 7, 2025

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COSEC Service Fees in Turkey: A Breakdown for Limited and Joint-Stock Companies

When establishing and maintaining a company in Turkey, business owners need to be aware of the various services and associated costs involved.

One crucial area that often requires attention is COSEC (Company Secretary) services. These services include essential company administration tasks, such as company formation, general meetings, liquidation, and share transfers.

Below is a breakdown of the standard COSEC service fees for both Limited Companies and Joint-Stock Companies (Anonim Şirket) in Turkey.

COSEC Service Fees for Limited Companies

Standard Company Formation:
- Fee: 2,000 USD + VAT
  The initial setup fee covers the legal and administrative processes required to establish a Limited Company in Turkey.
Standard Annual General Meeting (AGM):
- Fee: 1,000 USD + VAT
  This fee applies to the annual general meeting, where key decisions about the company’s performance and future are made.
Standard Liquidation:
- Fee: 2,000 USD + VAT
  If you wish to dissolve your Limited Company, this fee will cover the necessary liquidation procedures.
Share Transfer:
- Fee: 1,000 USD + VAT
  This fee applies when transferring shares of the company to a new shareholder.

COSEC Service Fees for Joint-Stock Companies (Anonim Şirket)

Standard Company Formation:
- Fee: 2,000 USD + VAT
  Similar to Limited Companies, the formation of a Joint-Stock Company involves legal procedures and the necessary filings.
Standard Annual General Meeting (AGM):
- Fee: 1,000 USD + VAT
  This fee is for conducting the general meeting where shareholders gather to review the company's performance and make crucial decisions.
Standard Liquidation:
- Fee: 1,000 USD + VAT
  For those wishing to close their Joint-Stock Company, this fee will cover the liquidation process.
Share Transfer:
- Fee: 1,000 USD + VAT
  When transferring shares in a Joint-Stock Company, this fee applies to ensure the transfer is legally processed.

Important Notes:

Additional Costs: The above-mentioned fees do not include expenses for notary services or any potential costs associated with the registration offices (Sicil Müdürlükleri). These additional fees may vary depending on the specific requirements of each case.

Conclusion

COSEC services are an essential part of the business lifecycle in Turkey, whether you are establishing a Limited Company or a Joint-Stock Company.

Understanding the associated fees is crucial for budgeting your business operations effectively. Make sure to consult with a professional COSEC service provider to ensure a smooth and legal process for your company’s formation, management, and dissolution.

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