How can a foreigner set up/establish a company/business in Turkey?

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Any real or legal foreign person may set up a company in Turkey.

There are 2 type of companies in Turkey .

1-Limited Liability Company

2-Joint Stock Company

Limited Liability Company:

Any real or legal foreign person may establish a Turkish Limited Liability Company in Turkey themselves or with minimum one shareholder .The shareholders are responsible from the public debts and tax claims in  proportion to their shares.So any real or legal person can not make an enforcement action againts the shareholders personal assets.

Minimum 10.000TL is required as a capital to establish a Turkish Limited Liability company in Turkey.A minimum 2.500TL (1/4 of the capital) should be deposited at the company’s bank account during the registration process however the remaining shall be paid within 2 years.

A manager should be hired / employeed for  the company who will have the full signature right to make any process for the company.A real foreign person can not be a manager at the company if he/she do not have a work permit in Turkey.The manager is responsible of the public debts and tax claims of his management period,if the said debts are not able to be charged from the company’s assets.

Joint Stock Company:

Any real or legal foreign person may establish a Turkish Limited Liability Company in Turkey themselves or with minimum one shareholder .

The shareholders are responsible from the public debts and tax claims in in proportion to their shares.So any real or legal person can not make an enforcement action againts the shareholders personal assets.

Minimum 50.000TL is required as a capital to establish a Joint Stock Company in Turkey.A minimum 12.500TL (1/4 of the capital) should be deposited at the company’s bank account during the registration process however the remaining shall be paid within 2 years.

A board of directors should be created who will have the full signature right to make any process for the company.This board should be consist of minimum 1 person and any shareholder(s) , a person from outside of the company can be in the board.The board of directors is responsible of the public debts and tax claims of its management period,if the said debts are not able to be charged from the company’s assets.

In order to avoid any  further disappointment we advice you to do it through with a lawyer from Turkey.

For more details please contact us to assist you.

WhatsApp ☎️+905554811342☎️

https://www.turkishlawcentre.com/contact-us

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