Setting up a Company in Turkey: Introduction
January 10, 2025 |
- Articles
| 3 minutes
Establishing a company in Turkey is a strategic move for entrepreneurs looking to expand into the Eurasian market. With its growing economy and investment-friendly business environment, Turkey offers numerous opportunities to local and foreign investors.
Types of Companies in Turkey
In Turkey’s dynamic economic environment, investors can choose different company structures depending on their business needs and objectives. The most common company types include Joint Stock Company (JSC), Limited Liability Company (Ltd. Şti.) and Limited and Collective Companies. Understanding the characteristics, advantages and limitations of each company type will help you make the right choice.
Joint Stock Company (A.S.)
The Joint Stock Company (JSC) is the most suitable structure for large-scale investments and companies with plans to go public. A.Ş., whose capital is divided into shares, provides ease of share transfer and appeals to a broad investor base. Management is carried out by a board of directors, which may also consist of non-shareholders.
Features:
- Minimum capital TL 250,000 (as of 2024)
- Provides the opportunity to go public and access the capital market.
- The liability of the shareholders is limited only to their capital shares.
Limited Company (Ltd. Şti.)
The Limited Liability Company (Ltd. Şti.) is the ideal structure for small and medium-sized enterprises (SMEs). Established with lower capital requirements, Ltd. Şti. is often preferred by family businesses and entrepreneurs.
Features:
- Minimum capital: 50,000 TL (as of 2024)
- Capital shares offer more limited flexibility than share transfers.
- Direct participation in governance and protection of personal assets.
Limited and Collective Companies
- Limited Partnership: At least one partner has unlimited liability and the other partners have limited liability.
- Collective Company: A complete partnership structure in which all partners have unlimited liability.
These types are more suitable for family businesses or professional services.
Company Formation Stages
The company formation process in Turkey consists of several important steps:
- Company Name Selection
The name selected must be unique in the Turkish Trade Registry and must comply with the relevant legislation. - Authorizing a Lawyer with Power of Attorney
It is recommended to grant a power of attorney to a lawyer to speed up the process and complete the legal requirements correctly. - Preparation of Required Documents
- Articles of Association
- Identity documents of partners and managers
- Documents indicating the company’s field of activity
- Capital Determination
The minimum capital amount must be complied with according to the type of company. - Selection of Field of Activity (NACE Code)
In order to correctly identify the company’s activities, it is necessary to determine the appropriate NACE codes. - Lease Agreement and Company Address
The legal address of the company is recorded as the basis for business operations. - Obtaining a Tax Identification Number
In order for the company to operate, it is mandatory to obtain a tax number from the tax office. - Submission of Partners’ Credentials
Passport or identification details of all partners must be submitted. - Trade Registry Registration
The prepared documents are submitted to the relevant trade registry directorate and the registration of the company is completed. - Opening a Company Bank Account
A corporate bank account is opened with tax number and other required documents.
Conclusion
Setting up a company in Turkey offers great advantages thanks to its strategic location and investment-friendly environment. Choosing the right type of company and fulfilling all legal requirements is an important step on the road to success.
Share
Related area
Related persons

Legal Information
This briefing is for information purposes; it is not legal advice. If you have questions, please call us. All rights reserved.
You May Be Interested In