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Establishing a limited company in Türkiye
LTD (Limited Liability Company)
This type of company is ideal for small and medium-sized business owners due to the low cost of establishing a company in Turkey. The minimum registration fee is 10,000 Turkish liras, and the number of shareholders in this type of company can be at least one person and a maximum of 50 partners. It cannot be publicly traded, as is the case with joint-stock companies.
Limited company owners are not permitted to operate in the fields mentioned above, such as banks, financial institutions, and others. Shareholder liability in this type of company is limited to the percentage of their contribution to the company's capital.
About the service
The question of how to open a new company in Turkey is frequently asked. This inquiry also concerns the appropriate type of company and the differences between registering a limited liability company in Turkey and other types of companies. The question also arises as to which type of company is best. In this article, we will explain how to establish a limited liability company (LTD) according to the following table of contents:
Establishing a Limited Liability Company (LTD)
Procedures for establishing a company in Türkiye (limited liability):
Documents required to establish a company in Türkiye (limited liability)
Steps to establish a company in Türkiye:
Tips for starting a company in Türkiye:
Most frequently asked questions about establishing a company in Türkiye:
Related articles on company formation and taxes in Türkiye:
Establishing a Limited Liability Company (LTD):
This type of company is ideal for small and medium-sized business owners due to the low cost of establishing a company in Turkey. The minimum investment requirement is 10,000 Turkish lira, and the number of shareholders can be a minimum of one person and a maximum of 50. Unlike joint-stock companies, it cannot be publicly traded.
Owners of limited companies are not permitted to work in the fields mentioned above, such as banks, financial institutions, etc., and the liability of shareholders in this company is limited according to the percentage of their shares in the company’s capital that they contributed.
Because establishing a company of this type in Türkiye is preferred by foreigners, we will review with you the most important steps for establishing a limited liability company in Türkiye.
Procedures for establishing a company in Türkiye (limited liability):
There is no need for all partners to be present if they wish to establish a limited liability company, as one shareholder is sufficient to establish it. It is also possible for this type of company to be managed by foreigners, provided that they have a work permit or work residency permit, or have obtained one if it is not available.
Documents required to establish a company in Türkiye (limited liability)
Unlike countries that make it difficult for foreigners to establish their companies, you will not find any difficulty in gathering the necessary documents to establish your company in Turkey. All that may be required of you is:
A copy of a valid passport translated into Turkish and certified by a notary public.
Tax number (easily obtained from any tax department)
Three personal photos
Private lease contract for company headquarters
Steps to establish a company in Türkiye:
First
Second:
The specified capital is deposited through the company’s bank account, where the company then obtains a deposit slip for the value of the capital that was deposited. Then, the company’s papers can be processed, the approval of the Chamber of Commerce in Turkey can be obtained, and the real estate registry can be received.
Third:
Fourth:
Fifth:
Tips for starting a company in Türkiye:
Hire an experienced financial advisor to oversee the proper establishment of the company.
Hiring a competent accountant to resolve the company's financial matters, taking into account that the legal accountant is accredited to represent the company before the government and Turkish law.
Most frequently asked questions about establishing a company in Türkiye:
Can I remove, change or add new shareholders (partners) to the company?
Yes, you can do that anytime you want.
Can I change my company activity at any time?
Yes, you can, but only with the approval of the shareholders (partners).
Can I change my company name from one name to another?
Yes, you can, provided that the shareholders (partners) approve.
Can I deposit capital in the bank in a currency other than the Turkish currency?
No, unfortunately, you can only deposit capital in Turkish Lira.
Can I change or move my company's address from the region you are located in to another region?
Yes, you can do that within Turkish territory, and it is 100% legal.
**We at Tayf Türkiye Services offer you all the facilities related to licensing and establishing companies in Türkiye, with the best quality and detailed explanations of all topics related to companies in Türkiye.
Related articles on company formation and taxes in Türkiye:
Corporate taxes in Türkiye
-Establishing a personal company in Türkiye
-Establishing companies
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