Establishing an LLC in Turkey: A Comprehensive Guide

Are you planning to establish a Limited Liability Company (LLC) in Turkey? The process may seem challenging, but with the right guidance, it can be straightforward. This comprehensive guide will walk you through each crucial step to set up an LLC in Turkey while ensuring full legal compliance.

Step 1: Choose a Unique Company Name

The first step in establishing an LLC in Turkey is selecting a company name. Your chosen name must be unique and adhere to the Turkish Commercial Code. Make sure it hasn't already been registered, as this will ensure the name's availability for your business.

Step 2: Register Your Company

After choosing a name, obtain a company registration certificate from the Trade Registry Office. This document acts as proof that your business is officially registered.

Step 3: Draft a Legally Sound Company Charter

Next, you must draft a company charter that meets all requirements under the Turkish Commercial Code. This charter outlines the rights and duties of each member of the LLC. The Trade Registry Office must approve the charter before moving forward.

Step 4: Notarize the Company Charter

Once the company charter is approved, it must be notarized by a public notary. This ensures the validity of the document and the authenticity of all signatures.

Step 5: Submit Registration Documents

With the notarized company charter in hand, submit your company registration application along with all required documents, including the registration certificate, to the Trade Registry Office.

Step 6: Obtain a Tax Identification Number (TIN)

You must obtain a Tax Identification Number (TIN) from the Turkish Tax Office. The TIN is essential for filing taxes and reporting income.

Step 7: Open a Corporate Bank Account

To manage the finances of your LLC and pay taxes, you need to open a corporate bank account. Having this account allows for better financial management and compliance with Turkish regulations.

Step 8: Obtain Necessary Permits and Licenses

Depending on your business activities, you may require additional permits or licenses from the relevant authorities. These permits ensure compliance with local laws and regulations.

Step 9: Start Operating Your LLC

Once all documents are complete and approved, you can start operating your LLC in Turkey. Be sure to adhere to all tax and legal requirements to maintain compliance.

Minimum Capital Requirement

From 2024, the minimum capital requirement for an LLC in Turkey is 50,000 TRY. This must be paid upfront and is a vital part of establishing your company.

Let Us Help You Establish Your LLC in Turkey

Setting up an LLC in Turkey can be challenging, but it doesn't have to be. Our expert team at OZM Consultancy is here to assist you every step of the way, from registration to compliance, making the process seamless and stress-free.

Email: info@ozmconsultancy.com
Website: ozmconsultancy.com

Who We Are

At OZM Consultancy, we provide comprehensive accounting and business management solutions tailored to meet your specific needs. Our team of professionals helps manage your books, guide you in financial reporting, and ensure all tax requirements are met. This allows you to focus on growing your business while we handle the details.

We understand that every company is unique. That's why our approach is flexible and customized, covering services such as accounting, payroll, management reporting, and more—all designed to help you streamline operations and maximize efficiency.

Reach out to us today and find out how we can support your business goals effectively.

Tags: LLC Registration, LLC Formation in Turkey, LLC Set Up Turkey, LLC Costs in Turkey, Turkish Company Establishment

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