Transactions of company incorporation in Turkey begin by uploading the required documents to the MERSIS (central registration) system, followed by submission thereof to the relevant trade registry directorate after notary public certification procedures, and completed with tax office and social security notifications. Company incorporation procedures in Turkey are not subject to any government charges; only fees for the chamber of commerce and notary public are paid. Company incorporation in Turkey by foreign natural or legal persons is subject to the same rules as that by local investors.
The Turkish Foreign Direct Investments (FDI) Law, which is based on the principle of fair treatment, grants the same rights and obligations to international investors as local investors. Conditions of company incorporation and transfer of shares are the same as those applicable to domestic investors. Accordingly, international investors are able to incorporate all types of companies specified in the Turkish Commercial Code (TCC). The TCC presents a corporate governance approach that meets international standards, encourages private capital and public offering activities, provides transparency in management processes and renders the Turkish business environment compliant with EU regulations and the process of EU membership.
There are 5 company types in Turkey:
• Limited Company
• Joint Stock Company
• Commandite Company
• Unlimited Company
• Cooperative Company
For the company types designated by Turkish Commercial Law, we at Zeren MM provide you with support at every stage of our service, from the incorporation stage to preparation of signature declarations, and from application to the Trade Registry Office to provision of necessary documents.
We provide the following services with regard to the company incorporation process of taxpayers;
• Determine the company’s title and obtain the approval of the Trade Registry Office,
• Prepare the company’s articles of association in accordance with its area of activity,
• Send the articles of association online to MERSİS (Central Registration System),
• Notarize and translate the passports of the company’s shareholders,
• Obtain the potential tax number,
• Prepare the company’s incorporation declaration form,
• Prepare the Chamber of Commerce registration declaration,
• Prepare and obtain a power of attorney from the company’s shareholders for the company’s incorporation,
• Deposit into the account of the Competition Authority a certain percentage of the initial capital (4 per ten thousand),
• Deposit to a bank at least 25% of the initial capital and document this,
• Prepare a petition to the Trade Registry Office,
• Deliver to the Trade Registry Office and follow up the documents necessary for registration,
• Issue the signature circular following the company’s registration,
• Issue the tax board following the company’s registration,
• Prepare the company’s lease contract,
• Make an application to the company’s affiliated tax office,
• Open the SSI file,
• Receive the e-Notice and Internet Tax Office passwords,
• Follow up the inquiry of the company to be issued by the tax office,
• Provide VIP service in case of request to speed up the company’s incorporation transactions.