Start Business in Turkey 2026: A Complete Q&A Guide for Foreign Investors
Introduction
Turkey continues to be one of the most attractive destinations for international entrepreneurs and investors who want to expand into Europe, the Middle East, and Central Asia. With its strategic location, young workforce, and competitive tax incentives, starting a business in Turkey in 2026 is both a realistic and profitable option.
This guide is designed in a Question & Answer format to address the most common inquiries from foreign founders, digital nomads, tech entrepreneurs, and multinational companies.
1. Why Should I Consider Starting a Business in Turkey in 2026?
Strategic Location: Turkey connects Europe and Asia with access to more than 1.5 billion consumers within a four-hour flight distance.
Tax Incentives: Export-oriented businesses, technology startups, and R&D companies benefit from corporate tax reductions, VAT exemptions, and social security incentives.
Skilled Workforce: Over 30 million young professionals with strong expertise in IT, engineering, and finance.
Government Incentives: Investment incentive certificates, TÜBİTAK BiGG grants, Technopark exemptions, and VAT refund opportunities.
Ease of Doing Business: Company incorporation in Turkey typically takes 5–7 business days once documents are ready.
2. What Are the Main Company Types Available in Turkey in 2026?
Limited Liability Company (LLC – Limited Şirket)
Joint Stock Company (JSC – Anonim Şirket)
Minimum capital: 50,000 TRY.
Preferred for larger businesses, tech startups seeking investors, and IPOs.
Branch Office of a Foreign Company
No minimum capital, but requires appointment of a representative.
Suitable for multinationals testing the Turkish market.
Liaison Office
Cannot engage in commercial activity.
Used for market research, representation, or sourcing.
3. How Do I Register a Company in Turkey in 2026?
Step-by-step process for “register company in Turkey 2026”:
Decide on the company type (LLC, JSC, branch, liaison).
Prepare Articles of Association (AoA) and notarize it.
Deposit minimum capital in a Turkish bank account.
Obtain potential tax number for the company and shareholders.
Apply to the Trade Registry Office.
Receive your company registration certificate in Turkey 2026 (MERSİS system generates this digitally).
Register with the tax office and obtain corporate tax ID.
Enroll for Social Security (SGK) for employees.
Activate bank accounts and start operations.
4. How Long Does It Take to Get a Company Registration Certificate in Turkey?
In 2026, thanks to the MERSİS e-government system, company incorporation is fully digitalized. Once documents are notarized and capital is deposited, the company registration certificate is usually issued within 3–5 working days.
5. What Documents Are Required for Company Set Up in Turkey 2026?
Passport copies of foreign shareholders.
Turkish tax number for shareholders and directors.
Articles of Association (AoA).
Proof of capital deposit.
Lease agreement for company address.
Notarized signature declarations.
6. What Are the Taxation Rules for New Companies in Turkey in 2026?
Corporate Income Tax: Standard rate 20%. Exporters and Techno-park companies may benefit from reduced rates (as low as 10%).
VAT (KDV): Standard rate 20%, reduced rates 1%–10% for certain industries.
Withholding Tax: Dividends to foreign shareholders subject to 10%–15% depending on DTT (Double Tax Treaties).
R&D and Tech Incentives: Up to 100% corporate tax exemption for eligible R&D and software export revenues.
7. How Much Does It Cost to Set Up a Company in Turkey in 2026?
Government registration fees: Around 7,500–10,000 TRY.
Notary and translation fees: 8,000–10,000 TRY depending on documents.
Legal & CPA consultancy fees: 1,000–2,000 EUR depending on scope.
Minimum capital: 50,000 TRY for LLC, 250,000 TRY for JSC.
8. What About Accounting Services in Turkey in 2026?
Every company in Turkey must work with a Certified Public Accountant (CPA – SMMM) for monthly bookkeeping, payroll, tax returns, and compliance.
Accounting Services in Turkey 2026 typically include:
Monthly bookkeeping (sales, purchases, expenses).
Payroll processing and SGK filings.
VAT, withholding, corporate tax returns.
E-invoice and e-ledger compliance.
Annual corporate tax declarations.
Representation before tax authorities.
Typical Monthly Costs (2026):
Small LLCs: 250–400 EUR/month.
Mid-sized companies: 500–800 EUR/month.
Tech startups with payroll: 1,000+ EUR/month.
9. Can Foreigners Own 100% of a Turkish Company?
Yes. Foreigners can own 100% of shares in both LLCs and JSCs in Turkey. There are no restrictions on shareholding ratios, except in certain regulated industries (defense, broadcasting, etc.).
10. What Are the Key Incentives for Foreign Investors in 2026?
VAT refunds on exports.
R&D Law (5746) exemptions for technology companies.
Technopark Law (4691): 100% corporate tax and income tax exemption on software/export revenues.
Investment Incentive Certificate: Customs duty exemption, VAT exemption, social security premium support.
Free Zones: Zero corporate tax and customs duty for companies operating in designated zones.
11. What Happens After Incorporation?
Open corporate bank account.
Register for e-invoicing.
Hire employees and register with SGK.
Ensure monthly accounting compliance.
If applicable, apply for VAT refunds, R&D certificates, or Technopark entry.
12. What Risks Should I Consider in 2026?
Currency Risk: Turkish lira volatility requires FX hedging.
Regulatory Updates: Frequent tax law changes.
Compliance Burden: Strict monthly filings and e-documentation rules.
Banking Restrictions: Foreign shareholders may face enhanced due diligence when opening accounts.
Conclusion – Why Professional Support Matters
Starting a business in Turkey in 2026 is straightforward but requires attention to detail in compliance, tax, and labor law. While incorporation may take less than a week, ongoing compliance is the real challenge.
Working with a premium accounting and legal advisory firm ensures:
Smooth incorporation with no delays.
Correct tax optimization (avoiding double taxation).
Full compliance with Turkish GAAP and IFRS.
Strategic use of incentives and refunds.
👉 If you are planning to establish your company in Turkey, you should work with a Certified Public Accountant (CPA) experienced in cross-border business and foreign ownership structures.
info@ozmconsultancy.com
