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Commercial offer for company registration

In turkey

General Information

Turkey attracts foreign investors from all over the world due to its unique geopolitical position, promising growth opportunities, hard-working business community and young population. The Turkish market is interesting to investors because of the country’s strategic position as a trading center for Europe and the Middle East.

The policy of the Turkish authorities is also an advantage for local and foreign investors – the government encourages them by reducing investment-related costs and creating a more investor-friendly environment. Recently, starting a business in Turkey has become particularly relevant for investors from Russia and the CIS.

Types of legal forms available for registration in Turkey

  • Limited Liability Company (LLC)

  • An LLC can be formed with a single member. The maximum number of members is 50. The participants can be both individuals and legal entities. The capital of such a company must be at least 10 thousand Turkish Liras.

Registration procedure

1. Filling in the form with information about the future company.
2. Approval of the future company structure and authorized capital
3. Submission of incorporation documents for company registration

The term of registration is about 3 weeks.

Taxation

Corporate income tax is 22%. It is paid by corporations and limited liability companies. However, it is possible to reduce the rate to 4% for mining companies. The VAT rate in Turkey is 18%.

Reporting

Accounting reporting applies to small, medium and large organizations, regardless of the organizational-legal form of activity.

Even companies with a minimum authorized capital of 10 thousand liras are obliged to submit an annual report on accounting and tax documents, including in case of negative balance.

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