Company Establishment in Turkey

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If you are considering establishing a company in Turkey, it is essential to understand the process and requirements involved. Here is an overview of the steps typically involved in setting up a company in Turkey:

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1. Determine Company Type: Decide on the type of company structure that best suits your needs. Common options in Turkey include Limited Liability Company (LLC) and Joint Stock Company (JSC). The choice depends on factors such as ownership structure, liability, and capital requirements.

2. Select a Company Name: Choose a unique name for your company and ensure it complies with Turkish naming regulations. The name should not be already registered by another entity and should not violate any trademark or intellectual property rights.

3. Prepare Incorporation Documents: Prepare the necessary legal documents for company incorporation. This typically includes the company's articles of association, memorandum of understanding, and other required forms and declarations.

4. Share Capital Requirement: Determine the minimum share capital required for your chosen company type. The amount may vary depending on the company structure and industry sector. Ensure that the share capital is deposited into a Turkish bank account before company registration.

5. Notary Public Certification: Have the incorporation documents notarized by a Turkish notary public. This step ensures the authenticity and legality of the documents.

6. Trade Registry Registration: Submit the notarized documents to the local Trade Registry Office in the province where you plan to establish your company. The Trade Registry Office will review the documents and register your company.

7. Tax Registration: Register your company for tax purposes with the local Tax Office. Obtain a tax identification number and fulfill your tax obligations according to Turkish tax regulations.

8. Social Security Registration: Enroll your company and employees in the Turkish social security system. This includes registering with the Social Security Institution and ensuring compliance with social security contributions and benefits.

9. Obtain Necessary Permits and Licenses: Depending on your industry and business activities, you may need to obtain specific permits, licenses, or certifications. Research and comply with the relevant regulations governing your sector.

10. Employment Considerations: If you plan to hire employees, familiarize yourself with Turkish labor laws and employment regulations. Ensure compliance with employment contracts, wages, working hours, and other labor-related obligations.

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It is important to note that the company establishment process in Turkey may vary depending on the specifics of your business, the province where you plan to establish the company, and any industry-specific regulations. Consulting with a local legal advisor or business consultancy firm experienced in company formation in Turkey is highly recommended to ensure a smooth and compliant setup process.

Additionally, it is advisable to consult with relevant government authorities, such as the Ministry of Trade, Ministry of Finance, and local chambers of commerce, for up-to-date information and guidance specific to your company establishment process in Turkey.