Services

Company Registration in Turkey

Capital: Ankara.
Official languages: Turkish.
Currency: Turkish Lira.

 

The best option for business in Turkey is the registration of a Limited Sirket (LS) or LLC. It is one of the most convenient and easy-to-manage legal forms of organization most business people prefer.

Tariffs
Карта Company Registration in Turkey
18% VAT
20% Corporate Tax
15% Dividends Tax
10,000 TRY Minimum Capital
15% On the first TRY 100,000

Advantages of company registration:

  • Low operating costs.
  • Under certain conditions, Turkey offers foreign investors benefits such as customs duties and VAT exemption, tax deduction opportunities, and more.
  • There is an opportunity to obtain citizenship if a foreign person invests $400,000.

Turkey is a country in Southwest Asia, with a small territory in Southern Europe. It is between the Black and Mediterranean Seas and bordered by the Aegean Sea.

 

Turkey boasts one of the world's fastest-growing economies. The country stimulates investments, offering non-residents various beneficial programs and incentives.

 

Other advantages of Turkey are free economic zones (FEZ), access to global markets in Asia and Europe, and good trade relations with many countries worldwide.

Taxation and Reporting Features

Corporate Income Tax:

  • Standard rate: 23%
  • Incentives for R&D and technology zones
  • Tax exemptions for certain investments

VAT:

  • Standard rate: 18%
  • Reduced rate: 8% (medical products, basic food)
  • 1% (newspapers, magazines)
  • Exemptions for export services

Dividends:

  • 15% withholding tax for non-residents
  • Exemptions based on double tax treaties

Company registration in Turkey is carried out through MERSİS — the Central Registry System of the Ministry of Commerce. The commercial name approved by the LLC shareholders must be submitted and authorized through this system.

To register a company, an application signed by the director must be submitted, stating the basic information about the company. It is accompanied by a set of documents, including the articles of association, declaration, copies of passports, and Tax IDs (TIN) of shareholders and directors.


Once the company is incorporated, the registration details will appear in the Turkish Commercial Registry Gazette. To complete the registration, it is necessary to register with the tax and social security authorities.

At the time of registration, the company must have:

  • A Tax Identification Number obtained from the tax office — required not only for taxes but also for opening a bank account.
  • Articles of Association certified by the trade registry or a notary.
  • A bank letter confirming sufficient funds on the account to open the company. It must state the company name, its shareholders, and their share of the invested capital.
  • A receipt for the payment of 0.4% of the share capital to the Anti-Monopoly Authority.

Company Registration in Turkey

  • Limited liability
  • Minimum 1 director / 1 shareholder
  • Streamlined registration process
Company Registration in Turkey
€3 400
Annual expenses: ~€4,500

Company Registration in Turkey

Corporate Tax 23% For all registered companies
VAT 18% Standard rate
Dividends 15% On distributed profits
Capital Gains 0% Exempt for certain investments
Withholding Tax 10% On certain payments to non-residents
Property Tax 0.1% - 0.6% Depending on property type and location

Additional information

Reporting
Confidentiality
  • Financial reporting: Mandatory annually (Turkish GAAP/IFRS)
  • Audit: Mandatory for all companies
  • Annual Return: Filed within 30 days after the financial year
  • Tax return: Corporate Tax Return to the Turkish Revenue Administration
  • Employer's Return: If there are employees
  • Registers: Shareholders and directors (mandatory)
  • Directors' details Publicly available in the Turkish Trade Registry
  • Shareholders' details Publicly available
  • Financial reporting Confidential (not published)

Timeline and Stages

  • 01

    Document preparation and name selection

    1-2 days
  • 02

    Name search in the Companies Registry

    1 day
  • 03

    Online or offline document submission

    1 day
  • 04

    Obtaining CI and Business Registration certificates

    about a week
  • 05

    Opening a corporate bank account

    2-4 weeks

Conclusion

Registering a company in Turkey is an accessible and transparent process that can be done remotely. Favorable tax legislation makes the country attractive for businesses ofof various scales.

However, before proceeding with the company registration in Turkey, we recommend obtaining professional consultation from legal experts at IT-OFFSHORE. This ensures up-to-date information on rules and requirements and a successful registration process in compliance with the legislation.

Cost calculation

Add the required options for your company:

Итоговая стоимость ( база €3 600 + доп):
€3 600

FAQ

Can you register a company remotely?

Yes, in most cases — you can.

Remote company registration is available in the vast majority of popular jurisdictions today. Modern corporate services, electronic document management and professional registered agents make it possible to complete the entire registration process without being physically present in the country.

The process typically works as follows: you provide the required documents electronically, sign them remotely — via a notary, apostille or electronic signature — and a local registered agent handles all communication with government authorities and document submission on your behalf.

This has been made possible by several factors: most countries allow foreign founders and directors, corporate service providers operate remotely across the globe, and the digitisation of government registries has significantly streamlined and accelerated the procedures.

The one step that may still require in-person presence is opening a corporate bank account — however, even here many banks and fintech platforms now offer remote identity verification.

What documents are needed for registration?

Registering a company in most jurisdictions requires a standard set of documents. For individuals — founders and directors — the typical requirements include: a certified copy of a passport, proof of residential address (utility bill or bank statement no older than 3 months), and in some cases a bank reference letter or CV.

For corporate shareholders, the required documents include: certificate of incorporation, articles of association, register of directors and shareholders, and confirmation of the ownership structure.

Do I need to keep accounting records and submit reports?

Accounting and reporting requirements vary significantly depending on the jurisdiction. In most countries, companies are required to maintain proper bookkeeping, file annual financial statements and submit tax returns.

At the same time, there are a number of jurisdictions where reporting requirements are minimal or effectively non-existent for non-resident companies. These include, for example, the Marshall Islands, the Cook Islands, Panama, Belize, Seychelles and Vanuatu — in these countries, companies that do not conduct business within the territory of the registration state are generally exempt from mandatory financial reporting and audit requirements.

We provide full company administration services, including preparation and submission of annual reports, liaison with local authorities and ensuring full compliance with all corporate requirements of the jurisdiction.

Is it possible to open a bank account for a company?

Yes, opening a corporate bank account is possible for virtually any jurisdiction, however this process deserves careful attention. Today businesses have two main options: traditional banks and fintech platforms.

Traditional banks offer a full range of financial services, but account opening requirements have become increasingly stringent — KYC procedures, source of funds confirmation, business plans and in some cases in-person presence may be required. Fintech platforms — such as Wise, Airwallex, Revolut Business and others — open accounts significantly faster and remotely, making them a popular solution for international companies at an early stage.

Is it possible to use nominee directors?

Yes, the use of nominee directors and shareholders is a common and legitimate practice in international corporate structuring. A nominee director is formally listed in the company registry but acts exclusively in accordance with the instructions of the beneficial owner, providing an additional layer of privacy.

This service is particularly in demand in jurisdictions where information about directors and shareholders is entered into a public register — for example, in Cyprus, the United Kingdom, Malta and a number of other EU countries. In offshore jurisdictions, nominee services are also widely used to simplify corporate governance and protect ownership structures.

We provide nominee director and shareholder services for any jurisdiction we work with.

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