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Content updated: 4 November 2026Practical guidance with linked sources

Company Formation in Turkey for Foreign Founders

Choose a company structure, prepare the right founder documents and plan the work after registration. Share your activity and ownership details for a proposal that separates capital, third-party costs and our professional services.

5-7 business daysDocument-ready LLC estimate
50,000 TRYMinimum capital for Ltd.
250,000 TRYMinimum capital for JSC
Remote setup possibleWith apostilled POA

LLC Formation

Full legal support for limited liability company setup

01

Free Zone Registration

Tax-advantaged free zone company establishment

02

Branch Office

Establish a branch of your existing international company

03

Service Packages

Compare the structures below before preparing documents. The timings are planning estimates for a complete, acceptable file; foreign document preparation, bank checks and separate activity approvals can extend the overall launch.

Joint Stock Company (A.S.)

Better suited for scale, investment rounds, or businesses needing a heavier corporate structure.

Best for
Holding structures, larger operations, regulated sectors, or future share transfer flexibility.
Indicative filing time
7-10 business days
Company capital
250,000 TRY minimum capital
Setup route
Remote or in-person

Branch Office

A direct extension of an existing foreign company instead of a separate Turkish legal entity.

Best for
Established companies expanding with a parent-company-led operating model.
Indicative filing time
10-15 business days
Company capital
No separate statutory minimum
Setup route
Usually document-heavy remote setup

Free Zone Company

Useful for export-heavy structures where zone-specific incentives matter more than simplicity.

Best for
Export, logistics, manufacturing, and zone-linked incentive planning.
Indicative filing time
15-20 business days
Company capital
Depends on zone and activity
Setup route
Requires separate authority approvals

Quick Eligibility Check

Tell us who will own the company, what it will do and whether the founders can travel. These details help define the documents, service scope and next steps.

You know your activity scope

The company objective in the articles must match what you actually plan to do in Turkey.

You can provide an address solution

A valid registered address is needed at incorporation, even if the business operates lean at first.

Shareholder documents can be apostilled

Passport copies, powers of attorney, and foreign corporate documents must line up cleanly.

You have a realistic launch timeline

Bank KYC, notarisation, and regulated activity checks can shift the setup window.

Your formation brief

Request a Formation Proposal

Share your business plans and contact details. We will review the proposed structure, document route and support you need before preparing an itemised proposal.

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Discuss My File

What Belongs in Your Company Formation Budget?

A formation proposal should separate the money committed to the company from the expenses of setting it up and running it. We prepare the scope after reviewing the founders, documents and intended activity.

Budget componentWhat to confirm in your proposal
Company capitalThe amount and payment timetable for your chosen structure. Capital is company funding, separate from the professional service fee.
Official and registry chargesThe applicable registry, chamber, publication and other official items, with the responsible registry and current tariff identified.
Document and third-party expensesTranslation, legalisation, notary and courier requirements; the number of founders and foreign corporate records can change the work.
Professional formation servicesThe agreed structure review, document instructions, drafting, filing coordination and handover. The proposal states what is included and any separately scoped work.
Operating and ongoing servicesRegistered address, accounting, filings, payroll and any banking support. Confirm the initial setup and recurring arrangements separately.

Individual Founder or Foreign Corporate Shareholder?

Start with the document route for your ownership structure. The existing checklist below covers the core categories; we confirm the exact records and legalisation route before you order documents or send originals.

Document areaForeign individualForeign corporate shareholder
Identity and authorityPassport and the details of the people who will represent the company.Corporate registry and activity records, authorised signatories and the ownership chain.
Investment decisionsFounder instructions covering the activity, capital, managers and signing powers.The parent company's authorised decision approving the Turkish investment and representation.
Signing and legalisationAn in-person or power-of-attorney route, with the translation and legalisation requirements checked for the issuing country.The authority of the parent signatories and the legalisation route for the corporate documents and power of attorney.
Tax and address informationTax-number requirements and an address solution appropriate to the planned activity.Tax-number requirements for the corporate shareholder and representatives, plus the Turkish registered address.
Bank onboardingIdentity, activity and source-of-funds records requested by the chosen bank.Ownership and beneficial-owner information, group activity and other records requested by the bank.

From Prepared Documents to an Operating Company

Registration is one milestone in the launch. The company-type timings above refer to a prepared file, while document preparation and post-registration work need their own plan.

StageWhat is checked or deliveredWhat can affect timing
File preparationThe founder, activity, ownership, address and signing route are reviewed; a document list and service scope are agreed.Issuing countries, legalisation, translations, corporate records and any regulated activity.
Drafting and registrationArticles and registry documents are prepared and the filing is coordinated through the applicable registration process.An acceptable document set, signing arrangements and registry review.
Tax and compliance handoverThe tax and accounting onboarding steps, applicable electronic systems and responsibilities for follow-up are identified.The company activity, address checks, required access and the appointed professionals.
Corporate bankingThe bank's application and compliance requirements are addressed as a separate workstream.Each bank's review, ownership structure and identification requirements; a representative may need to attend.
Starting operationsBefore invoicing, hiring or carrying on a licensed activity, the remaining accounting, employment and activity requirements are checked.The actual operating model and any separate registrations or approvals.

Plan the Work After Registration

Use the formation stage to agree the handover and ongoing responsibilities, rather than leaving them until the first transaction.

Accounting and company records

Confirm the accountant, records and electronic systems that apply to the company, access arrangements and the calendar for filings and company decisions.

Foreign-investment reporting

Check which E-TUYS reporting applies to the ownership structure and agree who maintains the investor, capital and activity information.

Working in Turkey

Company ownership and permission to work are separate questions. If a foreign founder or manager will work in Turkey, assess the relevant work-permit route and criteria alongside the business plan.

Premises, employees and activity approvals

Before committing to premises or employing staff, check the address, workplace, employment and activity-specific steps for the proposed business.

How It Works

1

Tax Number and Founder Intake

We collect shareholder details, verify passport consistency, and obtain Turkish tax numbers where required before the file moves to drafting.

2

Structure and Articles Drafting

We define whether an LLC, JSC, branch, or free-zone route makes sense, then draft the articles around ownership, activity, and governance.

3

Capital Planning and Signature Stage

We align the minimum capital, signing flow, and POA path. For LLCs, committed capital can generally be paid within 24 months; upfront banking steps depend on the structure and registry workflow.

4

Registry Submission

The final file is submitted through the trade-registry workflow, including notarisation, MERSIS alignment, and publication steps.

5

Chamber and Tax Activation

After registration, we complete chamber registration, tax-office coordination, signature circular, and the first compliance setup steps.

6

Banking and Post-Formation Handover

We close the loop with bank-account coordination, bookkeeping handoff, and the next compliance steps your company will face after day one.

Compare Your Options

Use this comparison to discuss the structure, capital and operating model for your file. The legal capital requirement and the professional formation fee are separate budget items.

LLC (Ltd. Sti.)
JSC (A.S.)
Branch Office
Free Zone
Minimum capital50,000 TRY250,000 TRYNo separate statutory minimumVaries by zone and activity
Founders1-50 shareholders1 or more shareholdersParent company drivenDepends on licence type
Setup time5-7 business days7-10 business days10-15 business days15-20 business days
Foreign ownershipUp to 100%Up to 100%Parent-company dependentOften up to 100%
Main tax baseline25% CIT + VAT regime25% CIT + VAT regime25% CIT + VAT regimeIncentive-led, zone specific
Best fitSMEs, services, tradeScale, investors, governanceExisting foreign operationsExport and incentive planning

LLC (Ltd. Sti.)

Minimum capital
50,000 TRY
Founders
1-50 shareholders
Setup time
5-7 business days
Foreign ownership
Up to 100%
Main tax baseline
25% CIT + VAT regime
Best fit
SMEs, services, trade

JSC (A.S.)

Minimum capital
250,000 TRY
Founders
1 or more shareholders
Setup time
7-10 business days
Foreign ownership
Up to 100%
Main tax baseline
25% CIT + VAT regime
Best fit
Scale, investors, governance

Branch Office

Minimum capital
No separate statutory minimum
Founders
Parent company driven
Setup time
10-15 business days
Foreign ownership
Parent-company dependent
Main tax baseline
25% CIT + VAT regime
Best fit
Existing foreign operations

Free Zone

Minimum capital
Varies by zone and activity
Founders
Depends on licence type
Setup time
15-20 business days
Foreign ownership
Often up to 100%
Main tax baseline
Incentive-led, zone specific
Best fit
Export and incentive planning

Required Documents

1

Passport copies for shareholders and directors

Where documents come from abroad, apostille and certified Turkish translation must be checked early.

2

Turkish tax number for each foreign individual

This is needed in formation and banking workflows and can usually be obtained before travel plans are final.

3

Draft or notarised power of attorney if remote

If the founders will not be present in Turkey, the POA route should be designed before notarisation starts.

4

Registered address evidence

A lease, virtual-office agreement, or other valid address basis must match the incorporation route.

5

Foreign company documents if branch or corporate shareholder

Trade registry extracts, board resolutions, and signature authority documents often need extra legalisation.

6

Capital and governance decisions

Minimum capital, manager/director structure, and signing powers should be decided before the final registry filing.

Timing and service fees

Estimated Time
5-7 business days

An estimate for the registration work on a standard LLC file once the required documents are ready and acceptable. Document legalisation, tax-office steps, bank onboarding and activity-specific approvals follow their own schedules.

Professional service proposal
Proposal after review

Professional fees are scoped to the founder structure, documents, signing route and requested support. Company capital, official charges, translation, notary, address, banking and ongoing accounting costs are identified separately in the proposal.

Common Risk Points

These are the points that usually create delays, rework, or hidden cost after founders think they are ready.

Apostille and translation mismatch

Small spelling differences across passports, powers of attorney, and translations often trigger rework.

Bank KYC delays

If the bank cannot understand the ownership structure or business model, the process can slow down even after incorporation.

Wrong company type selection

Many founders start with a company form that feels cheap upfront but creates tax or governance friction later.

Regulated sectors need extra approval

Finance, health, logistics, education, and some digital activities may need authority-specific steps.

Address and bookkeeping underestimated

Formation is only the first milestone; address, accounting, filings, and payroll obligations begin quickly.

Clear responsibilities from the start

Before the work starts, establish the proposed structure, who handles each stage and what the written scope includes.

A scope matched to your company

Agree the entity, ownership, activity and signing route before document preparation begins. The proposal should identify the formation work and any additional support.

Defined responsibilities and deliverables

Confirm who prepares, reviews and files the documents, which steps need your involvement and what records you receive after registration.

A plan for the next workstreams

Discuss banking, accounting, foreign-investment reporting and any work-permit needs before launch. Each additional service should have a clear scope and responsible professional.

Frequently Asked Questions

01Can foreigners own 100% of a Turkish company?

In most sectors, yes. Turkey generally permits full foreign ownership, but a few regulated industries still require activity-specific checks.

02What is the current minimum capital?

For a standard LLC the minimum capital is 50,000 TRY. For a joint stock company it is 250,000 TRY. If a non-public JSC uses the registered capital system, the threshold can be higher.

03Do I need to deposit 25% before registration?

Not for standard LLCs. Under the current framework, committed LLC capital can generally be paid within 24 months. Banking and payment timing should still be checked against the exact structure being formed.

04What taxes should founders plan for?

A typical company plan starts with 25% corporate income tax, VAT at 1%, 10%, or 20% depending on activity, payroll obligations if staff are hired, and 15% dividend withholding in standard cases.

05Can company formation support a work-permit path?

Potentially yes, but incorporation alone is not the whole answer. The work-permit route depends on shareholder role, payroll setup, and compliance after the company is live.

Sources and further guidance

Use these references to check the company, capital and compliance rules relevant to your plans. Your proposal will identify the services and third-party costs that apply to your file.

Useful Next Steps

Plan the banking, accounting and immigration work that may follow registration. Each workstream has its own requirements and scope.

How to Set Up a Business in Turkey: The Complete Guide

A longer guide covering company-type selection, registration steps, post-formation compliance, and practical founder mistakes.

Ready to Plan Your Company Formation?

Share the proposed shareholders, activity and signing route. We will clarify the next steps and the scope of an itemised formation proposal.