Company registration in Turkey for foreigners: forms, features and step-by-step instructions

Turkey attracts foreign investors due to its favorable geographical location, stable economy and state support. One of the first steps when entering the Turkish market is choosing a form of company registration. Depending on the goals of the business, the scale of activity and the preferences of the investor, several legal forms of doing business are available in Turkey. Below we will consider the main ones suitable for a foreign citizen.

1. Limited Şirket (LTD, similar to LLC)

This is the most popular form of company for foreign citizens. The minimum authorized capital is 10,000 Turkish lira. Registration requires at least one founder, who can be either an individual or a legal entity. The liability of the participants is limited to their contribution to the authorized capital. LTD is suitable for both small and medium-sized businesses.

2. Anonim Şirket (A.Ş., similar to a joint-stock company)

The form is suitable for large businesses and investors planning to attract external investment. The minimum share capital is 50,000 TL. Shareholders are liable only to the value of their shares. The company can have an unlimited number of shareholders and can enter the stock market. Management is carried out by a board of directors.

3. Şahıs Şirketi (Sole Proprietorship)

This form is suitable for freelancers or small local businesses. Simple registration and minimal administrative requirements make it attractive. However, it is important to keep in mind that the entrepreneur bears full personal liability for the company's obligations.

4. Representative Office or Branch of a Foreign Company

If a foreign company wants to open an office in Turkey without creating a separate legal entity, it is possible to register a representative office or branch. A representative office cannot conduct commercial activities, only marketing and market research. A branch can conduct activities, but must be registered in the trade register.

5. Joint Venture

Foreign investors can team up with Turkish partners to create a joint business. This form provides access to the local market and can be used for specific projects, including participation in tenders or development of new industries.

Business registration in Turkey requires knowledge of local legislation, procedures and language support. To avoid mistakes and simplify the process, IT-OFFSHORE is ready to provide full support: from choosing the optimal form of the company to its registration and further maintenance. We will help you start a business in Turkey quickly, legally and taking into account all the nuances.