Company Formation in Türkiye: LLC, JSC and the Setup Steps
The main company types in Türkiye, what foreign founders need, the registration steps, ongoing obligations and how long it takes.
By Türkiye360 editors · · 5 min read
Türkiye lets foreign investors own 100% of a company, with the same rights as Turkish shareholders. Setting one up takes days rather than months once your documents are ready.
Company types
| Type | Best for | Notes |
|---|---|---|
| Limited company (Ltd. Şti.) | Most small and medium businesses | One or more shareholders, simpler management |
| Joint stock company (A.Ş.) | Larger businesses, outside investors, future listing | Higher minimum capital, more formal |
| Branch or liaison office | Foreign companies testing the market | Liaison offices can't earn income |
Minimum capital rules were raised in 2024. Check the current amounts with your accountant before you register.
What you'll need
- Passports of shareholders and directors (translated and notarised)
- Turkish tax numbers for foreign shareholders
- Articles of association
- A registered office address in Türkiye
- Documents of any corporate shareholder, apostilled or legalised and translated
The steps
- Get tax numbers for every foreign shareholder.
- Prepare and sign the articles of association, then submit through the MERSIS online system.
- Deposit the capital where required, in a Turkish bank.
- Register with the trade registry and the chamber of commerce.
- Open the tax file and set up an accountant. A licensed accountant is required for ongoing filings.
- Open the company bank account and register employees with social security if you hire.
After setup
- Monthly VAT and withholding tax returns, plus annual corporate tax
- Books kept by a licensed accountant
- Work permits for foreign staff, including foreign founders who will work in the company
Why it's worth planning
A Turkish company can be a base for trade between Europe, the Middle East and Central Asia, and it can support residence for founders. Getting the structure right at the start saves tax and paperwork later.
Want help with setup, accounting, banking or reaching Turkish customers online? Talk to our partners.
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