Company Establishment in Türkİye

To establish a company in Turkey, the investor should first establish an institutional structure suitable for the sector or short, medium, and long-term goals and objectives in which they will operate. Although some common points exist in company formation, specific rules and regulations depend on the mentioned company types.

Establishing a Company for Foreigners in Turkey The process of establishing a company in Turkey, including submitting the necessary documents to the relevant trade registry, can be completed within one hour. In addition, company establishment in Turkey is exempt from fees, and the rules are the same for domestic and foreign individuals or legal entities. This provides excellent investment convenience for both parties.

Pre-application for establishment can be made through “MERSIS,” one of the online systems of the Ministry of Commerce. Similarly, applications for converting an existing company into a joint-stock company or giving it a different company type are also accepted through MERSIS.

About Company Establishment Consultancy 

Please do not hesitate to contact us to get more information about the establishment procedures for each company type and to determine the most suitable company type for your investment idea. Under our consultancy services, you can always call us to establish the most suitable company type for your needs, prepare the required documents during the application process, and submit them to the relevant authorities.

Requirements for company establishment according to company types are determined by the Ministry of Commerce;

Requirements for the Establishment of Joint Stock Companies

According to the Turkish Commercial Code regulation made in 2019, at least 50,000 TL of capital investment is required from individuals or legal entities wanting to establish a joint stock company. With the new regulations, the limit on the number of partners has been removed. Therefore, it is possible to establish a joint stock company with a single partner. Joint stock companies are the only type of company that can be listed on the stock exchange, and their requirements are more quantitative than other company types. Joint stock companies are companies whose capital structure is divided into shares and who are only responsible for their debts with their assets.

Requirements for the Establishment of Limited Liability Companies 

A limited liability company is a company whose capital is limited and divided into shares and is only responsible for its debts with its assets. Although it shares common features with joint stock companies, the capital limit of limited liability companies is 10,000 TL, and the payment of the capital amount is possible within 24 months after the company’s registration. 

Limited liability companies do not have the flexibility and mobility of joint stock companies. Therefore, bearer shares cannot be issued, and they cannot be offered to the public.

Requirements for the Establishment of Partnership / Limited Partnership Companies

At least two partners are required for partnership companies, and these partners can only be real people. Any company partner has the right and duty to manage the company. No capital requirement is necessary for partnership companies.

Limited partnership companies are evaluated as personal companies, unlike partnership companies. With this feature, limited partnership companies are divided into two; general partnership and limited liability partnership. The most vital component of limited partnership companies is that they can have limited and unlimited liability partners. The partnership structure in limited partnership companies constitutes the fundamental difference between them and partnership companies. Accordingly, while partnership companies are established with two fully liable partners, limited partnership companies can limit the liability of partners by having a partnership structure where the company’s owner, apart from individuals, has a divided capital structure. As a result, there is no capital requirement for both types of companies.