Akkas CPA & Turkish Accounting Firm is a globally recognized Turkish Accounting Firm with a long record of excellence and professional leadership in Istanbul, Turkey. Our company formation team is prepared to inform you about requirements for company formation in Turkey. At the crossroads between Europe and Asia, offering a welcoming environment for all foreign investors, Turkey is known and broadly recognized as a major commercial hub. Akkas CPA handles all steps required for company formation in Turkey.
Establishing a limited liability company
The limited liability company is the most used type of business in Turkey, mostly for small to medium sized businesses, because of a relatively easy registration process, low corporate taxes and a lot more advantages. A Limited Liability company is founded by at least 1 members, natural persons, or legal entities and they are held liable for the company’s losses and debts only to the extent of their contribution. The minimum required capital to open this type of company in Turkey is 10,000 TL, out of which 1/4 must be deposited upon the registration of the company. Limited companies cannot issue stock certificates.
Setting up a joint stock company
It’s a company designed for business at a larger scale and it is not as common as limited liability companies. Nevertheless a lot of Limited Companies evolve into joint stock companies, or become shareholders of one. A Joint Stock company must be established by at least 5 persons or legal entities and the minimum required capital is 50,000 TL (approx. 12,000 EUR). The shareholders liability is limited with the share capital. A Joint Stock company can issue stock certificates, unlike Limited companies.
Turkish Branch, Subsidiary or Representative Office
Any foreign company is able to set up branch entities in Turkey. These can be set up as separate entities from the parent company (Turkish companies having the foreign company as shareholder) or extensions of the parent-company in Turkey.
Services provided for Turkish company incorporation
- Preparing the Articles of Association of your company
- Drafting all other documents required for the registration of the Turkish Company
- Arranging Public Notary meeting and procedures (The procedures for establishing a company in Turkey have to be performed by a Turkish Notary Public)
- Obtaining a Tax ID number
- Providing a Registered Office in Turkey for your company (if required)
- Opening a Bank Account and providing the necessary forms and documents for the setup of a bank account
- Accounting and Payroll Services in Turkey; accountancy services are recommended for any new business establishment in Turkey.
Reach us for Requirements For Company Formation in Turkey
Since its foundation, Akkas CPA & Turkish Accounting Firm has been the choice of numerous clients in Turkey. Thanks to its nationally recognized accounting and legal services, our accounting firm is now one of the leading accounting firms in Istanbul, Turkey. You may reach our accountants and lawyers for requirements for company formation in Turkey by sending an email to email@example.com or fill in Contact Form in Contact page.