How much does it cost to register a company in Turkey? 2025

How Much Does It Cost to Register a Company in Turkey in 2025?

Registering a company in Turkey is a straightforward process but involves several mandatory costs. These costs vary depending on the type of company you choose (e.g., Limited Liability Company (LLC), Joint Stock Company (JSC), or a sole proprietorship).

In 2025, here’s a breakdown of the expected costs to register a company in Turkey:

1. Key Costs Involved in Company Registration

a. Trade Registry Fees

• Trade Registry Office Application: Approximately 7,500 - 10,000 TRY.

• Includes notarization of documents, trade name approval, and registration.

b. Notary Expenses

• Certification of Required Documents:

  • Articles of association, signatures of directors, and other required forms must be notarized.

  • Cost: 10.000 - 12.500 TRY.

c. Legal Books (Company Ledgers)

• Companies are required to keep official ledgers such as a share ledger, journal, and inventory book.

• Cost: 2,500 - 3,000 TRY.

d. Opening a Bank Account and Capital Deposit

• To register a Limited Liability Company (LLC), a minimum of 50,000 TRY in share capital is required.

  • At least 25% of the capital can be deposited in a local bank before registration.(Not mandatory)

  • Deposit costs vary but are usually part of the share capital.

e. Chamber of Commerce Membership

• Companies must register with the local Chamber of Commerce.

  • Cost: 1,000 - 1,500 TRY (varies by city and region).

f. Sworn Translator Fees (for Foreign Owners)

• If you are a foreign investor, legal documents must be translated into Turkish by a sworn translator.

  • Cost: 10.000 - 20.000 TRY, depending on the volume of documents.

2. Annual and Ongoing Costs

a. Tax Identification and Initial Tax Filings

• Registering with the Tax Office is free, but you may need professional help to handle the process fast and easy

  • Professional fees: 4,000 - 5,000 TRY.

b. Accounting and Bookkeeping

• Hiring a certified public accountant (CPA) or a financial advisor is mandatory for company compliance.

  • Depends on the services required the amount changes

c. Social Security Registration

• If the company employs staff, registering with the Social Security Institution (SGK) is mandatory.

  • Ongoing employer contributions: approximately 22.5% of gross salaries.

3. Optional Costs

a. Virtual Office or Physical Office Setup

• Required for the company’s address registration.

  • Virtual Office: Starts from 500 TRY/month.

  • Physical Office: Rent varies significantly by location.

b. Legal and Advisory Services

• Some businesses may opt for legal assistance to navigate the registration process.

  • Lawyer/consultant fees

c. Trademark Registration

• To protect your business brand, trademark registration is optional but highly recommended.

5. Types of Companies and Capital Requirements

6. Additional Considerations for Foreign Investors

• Power of Attorney:
  If a foreigner is not physically present, a notarized and apostilled power of attorney is required.

• Work Permits and Residency:
  Foreign owners or employees may need a work permit or residence permit.

Total Estimated Costs to Register an LLC in Turkey (2025)

For a Limited Liability Company (LLC) in Turkey in 2025, the total cost is estimated to be between 30,000 TRY and 35,000 TRY for registration, excluding cpa company setting up services

Conclusion

Registering a company in Turkey in 2025 offers numerous opportunities for local and international entrepreneurs. While the upfront costs are reasonable, ongoing compliance costs like accounting and tax filings should be factored into your budget. Working with a qualified mali müşavir (CPA) or business consultant is highly recommended to streamline the process and ensure compliance with Turkish laws.

You can reach us for your questions

info@ozmconsultancy.com

www.ozmconsultancy.com