Company Formation in Turkey
(Updated: 17-10-2025)
How to Register a Company in Turkey
Introduction:
Company formation in Turkey has become one of the most attractive investment options for foreign investors who wish to enter the Turkish market.
This guide explains in detail the steps, required documents, costs, taxes, and types of companies you can establish in Turkey.
Steps to Establish a Company in Turkey
1. Company Registration through the MERSIS System
Company registration in Turkey begins through the MERSIS system, managed by the Istanbul Chamber of Commerce.
After completing the online form, an appointment is scheduled with the Trade Registry Office within one or two business days.
2. Required Documents for Company Formation
To register a company in Turkey, you will need the following documents:
- Power of Attorney: Issued by a notary to authorize our office to complete the setup on your behalf.
- Notarized and translated passport of each shareholder.
- Personal Tax Number for each partner (we can obtain it for you).
- Proof of Residence: A residence permit or an appointment form for obtaining one.
- Personal photograph.
- Company address: Can be a physical office or a virtual office starting from 400 TRY per month.
Note:
If the shareholder is a legal entity, a certificate of activity approved by the Turkish consulate (or a notarized translation) must be provided.
Company Formation Costs in Turkey
The company setup cost includes:
- Translation and notarization of documents.
- Notary and trade registry fees.
- Accounting agency and legal representation fees.
- Director’s official signature registration fee.
Average Cost to Register a Company in Turkey
The total cost depends on the number of shareholders and the company type.
Generally, the average cost ranges between 750 – 1,250 USD, including annual accounting and tax management.
Note: Office service fees are not included in these costs.
Monthly and Annual Taxes for Companies in Turkey
1. Taxes for a Company Without Employees:
| Tax Type | Payments per Year | Cost per Payment (TRY) | Total Annual (TRY) |
|---|---|---|---|
| Value Added Tax (VAT) | 12 | 194 | 2,328 |
| Social Security Tax | 4 | 230 | 920 |
| Profit & Loss Declaration | 3 | 303 | 909 |
| Annual Tax Declaration | 1 | 730 | 730 |
| Total | 4,897 |
Tip: By using a virtual office, you can reduce your total annual cost to around 3,975 TRY.
2. Taxes for a Company With Employees:
| Tax Type | Payments per Year | Cost per Payment (TRY) | Total Annual (TRY) |
|---|---|---|---|
| Value Added Tax (VAT) | 12 | 194 | 2,328 |
| Social Security Tax | 12 | 230 | 2,760 |
| Profit & Loss Declaration | 3 | 302 | 906 |
| Annual Tax Declaration | 1 | 730 | 730 |
| Total | 6,742 |
Annual Corporate Income Tax
Companies in Turkey pay 20% corporate tax on annual profits after deducting operating expenses.
Types of Companies in Turkey
Foreign investors can choose from several legal company types in Turkey, categorized as follows:
- Sole Proprietorships:
- Joint Company
- Business Association
- Union
- Incorporated Companies:
- Joint Stock Company (A.Ş.)
- Limited Liability Company (LTD)
- Commandite Company
- Collective Company
1. Joint Stock Company (A.Ş.)
- Capital is divided into shares.
- Shareholders’ liability is limited to their invested capital.
- Requires at least five shareholders.
- Minimum capital: 50,000 TRY.
- Mandatory bodies: General Assembly, Board of Directors, Supervisory Board.
2. Limited Liability Company (LTD)
- Can be established by one or more persons (up to 50 shareholders).
- Minimum capital requirements:
- 10,000 TRY for a single-member company.
- 12,500 TRY for a two-partner company.
Contact Us
If you are planning to register a company in Istanbul or anywhere in Turkey, contact us directly via WhatsApp:
📞 00905051201818