Real Estate in Turkey Establishing a Company in Turkey

Establishing a Company in Turkey
Most of the entrepreneurs and owners of small and medium enterprises (SMEs)
prefer to establish a limited company Ltd. However, you can set up your company
according to any type you want to be that joint venture (JV), joint stock, or any
other type of well-known companies. In this article, we are going to discover
together the steps of establishing a limited company in Turkey, where the
minimum capital of the company shall be around 12,000 Turkish Lira that is
equivalent to $ 5000.
One person or one legal party is enough to establish a limited company in Turkey.
Moreover, this company can be managed by foreigners, yet, they need to get a
work permit. The percentage of ownership in the company for foreigners can be
100%.
Establishing a company: Imtilak real estate always recommend enlisting a lawyer,
who shall be fluent in English or Arabic, to conduct transactions and official
papers. We also advise recruiting a trustworthy accountant to do the financial
work in the company you are establishing. Usually, you can establish a company
in Turkey within one week.
Identification documents required to set up a company in Turkey:
1. A copy of the passport translated into the Turkish language and certified by a
notary.
2. The tax number (Vergi Numarası), which you can get easily from the nearest
tax center in your area.
Steps to set up a company:
1. Preparing the documents and forms required, and certificating the company’s
articles of association by a notary.