Advantages of setting up a company in Turkey
The process required to register in Turkey
first
Company name search
second
Confirm registration information
third
Submit to the government for approval
four
Obtain a certificate of registration
Information required to register a Turkish company
- Shareholder/Director documents: copy of passport (notarized translation required), Turkish tax number (all shareholders need to apply).
- Articles of association: The name, capital and business scope of the company shall be clearly defined, which shall be certified by the Notary Public (Noter Onayl).
- Proof of registered address: Provide a local business address in Turkey (can be virtual), the lease contract needs to be notarized.
- Proof of capital: open a bank account and deposit registered capital (no mandatory lower limit, it is recommended to exceed 5,000 lira).
Information is available upon registration
Certificate of registration
Articles of association
Steel seal
Company shareholder certificate
Company signature seal
Letter of authorization of nominal director
Commercial Secretary authorization document
Nominal address authorization file
Tax filing service
Details may vary depending on the type of company, its size and location
Value Added Tax (VAT) filing
The standard tax rate is 18%, which needs to be declared monthly or quarterly, and the annual turnover exceeds a specific threshold.
Enterprise income tax declaration
Tax rate of 23%, pre-paid in two installments, final declaration submitted within 4 months after the end of the year.
Withholding tax (WHT) filing
Deduct 10-20% of the service fee/rent, etc., and declare and pay monthly.
Social Security (SGK) payment
Employers are required to pay social insurance for employees, the proportion is about 15.5%, and the declaration is made on a monthly basis.
