Real Estate in Turkey Establishing a Company in Turkey | Page 2

2. Depositing 25% of the capital value in the bank.
3. Registering the company in the Commercial Register Office and the Chamber
of Commerce Office.
4. Providing the original version as well as two certificated copies of the
company’s articles of association to the Commercial Register Office within 15
days from the date of authentication and certification by the notary.
5. For limited companies, they must be compatible with article no.279 of the
Turkish Commercial Code.
The company name must be mentioned explicitly and clearly in the Articles of
Association. Also, please be aware that the company’s articles of association will
be publicly published in the official newspaper of the Commercial Register.
Once the company is listed in the Commercial Register Office, it must be
registered in the Local Tax Office where the tax certificate is issued, which must
be displayed and put clearly in the workplace.
An employee of the local tax shall visit your office or store in a few days to verify
the information mentioned and the tax certificate.
The Commercial Registration Office shall notify the Ministry of Labor and Social
Security about the establishment of your company, therefore, all the workers and
employees, including the managers, of the company must be listed in this ministry
“Social Insurance.”
All the official documents of the company must be certificated at the notary at the
same day of the company registration.
The Insurance: The social and retirement insurances are compulsory in Turkey for
all the employees in the companies, and that means for managers and employees