If you're searching for how to open a company in Turkey as a foreigner, this detailed guide explains the legal process, required documents, costs, taxes, and practical steps — optimized for 2026 regulations.

Why Open a Company in Turkey?

Turkey is one of the most strategic business hubs between Europe, Asia, and the Middle East. Key advantages include:

100% foreign ownership allowed
Equal rights for foreign investors
Access to EU markets through Customs Union
Competitive corporate tax rates
Strong banking infrastructure
Fast company registration process

According to the Investment Office of the Presidency of the Republic of Turkey, foreign investors are treated the same as local investors under Turkish Commercial Law.

Can a Foreigner Open a Company in Turkey?

Yes. Under Turkish law, foreigners can:

Establish a Limited Liability Company (LTD)
Establish a Joint Stock Company (A.Ş.)
Open a branch office
Establish a liaison office

There is no requirement for a Turkish shareholder in most sectors.

Step-by-Step: How to Open a Company in Turkey as a Foreigner

Step 1: Obtain a Turkish Tax Identification Number

Foreign shareholders must apply for a potential tax number at a Turkish tax office. This can be done with:

Passport
Turkish address (temporary is acceptable)

Step 2: Prepare Articles of Association

The company’s Articles of Association are drafted and registered through the Central Registry Record System (MERSIS), the official online system for company registration in Turkey.

Step 3: Notarize Required Documents

Required documents include:

Notarized passport translation
Signature declaration
Proof of address
Power of attorney (if you are not in Turkey)

Step 4: Register the Company at the Trade Registry

After document preparation:

Company registration is completed at the Trade Registry Office
Registration is published in the Trade Registry Gazette

This finalizes the legal establishment of the company.

Once registered:

Tax office activation is completed
Company books are certified
Social Security registration is done (if employees will be hired)

What Documents Are Required?

To open a company in Turkey as a foreigner, you typically need:

Valid passport
Turkish tax number
Notarized passport translation
Company address in Turkey
Capital declaration
Power of attorney (optional)

If you are abroad, the process can be completed remotely via notarized and apostilled power of attorney.

Types of Companies Foreigners Can Open in Turkey

Limited Liability Company (LTD)

Minimum capital: 50,000 TRY
Most common for small and medium businesses
Suitable for trade, consulting, e-commerce

Joint Stock Company (A.Ş.)

Minimum capital: 250,000 TRY
Suitable for larger investments
Required for certain regulated sectors

For most foreign entrepreneurs, the Limited Company (LTD) is the most practical option.

How Long Does It Take?

If documents are ready:

3–7 business days on average

Turkey offers one of the fastest incorporation timelines in the region.

How Much Does It Cost to Open a Company in Turkey?

Estimated 2026 costs:

Trade registry fees
Notary expenses
Translation costs
Accountant service fees
Office rent (virtual or physical)

💰 Average total cost: $1,000 – $2,500

Costs vary depending on city and business structure.

Corporate Taxes in Turkey

Key tax rates include:

Corporate Tax: Approximately 25% (subject to change annually)
VAT: 1%, 10%, or 20% depending on sector
Withholding tax: Variable

Always confirm updated tax rates with a licensed accountant.

Does Opening a Company Grant Residency?

Opening a company does not automatically grant a residence permit.

However, business ownership can support residence applications through the Directorate General of Migration Management.

Frequently Asked Questions

Do I need to be in Turkey physically?

Not necessarily. You can appoint a representative with power of attorney.

Can I own 100% of the company?

Yes.

Is a registered address mandatory?

Yes, a legal company address in Turkey is required.

Can foreigners open a bank account in Turkey?

Yes, but banks may request in-person verification.

Final Thoughts: Is It Worth Opening a Company in Turkey?

If you are looking for:

Strategic international positioning
Access to multiple markets
Competitive operating costs
Fast setup process

Then opening a company in Turkey as a foreigner can be a smart and profitable move.

Ready to Open Your Company in Turkey?

Company formation requires proper legal structuring and compliance.

👉 Speak with a professional company formation consultant today to avoid delays and ensure a smooth setup process.

Take the first step toward establishing your Turkish business now.

info@ozmconsultancy.com

How to Open a Company in Turkey as a Foreigner (2026 Complete Guide)