The Procedure And The Required Documents Regarding The Establishment Company In Turkish Republic

1. The required documents and the procedure regarding the establishment company in Turkish
Republic
 Apply of tax office for receiving potential tax number
Receiving potential tax number of foreign shareholder (we need power of attorney,
certificate of registry apostilled which is included the address, if it is not included the
address, another documents included the address will be required)
If a foreign person will be assigned the representative or board member of the
company which will be established, a power of attorney, a document which shows the
residence address and a translation of passport will be required. We have to apply in
order to receive a tax number for him/her.
 Issuance of articles of association
 The title and activity of the company (we have to search and check the title
which is claimed to register, it is available or not)
 Headquarter address
 Capital of company and bank letter (after notarization of articles of
association, a bank account must be opened and the ¼ amount of the capital
should be paid by the shareholders) ( if a limited liability company is
established, the payment of ¼ amount of capital is not required)
 The board members and representatives of the companies
 We will issue statement of signatures on behalf of representatives (It should
be representatives before the registration)(if it is issued out of Turkey,
notarization and apostille is required)
 Opening bank account and payment of the capital
A Turkish Limited Liability Company (LLC) needs to have an initial capitalization
of 10.000.-TL (around 1.500.-USD) and 1 to 50 shareholders. A shareholder of an
LLC has a partnership share calculated in accordance with the nominal value of
capital subscribed to.
Turkish Joint Stock Companies (JSC) can be established for an indefinite period
with at least one real person or legal entity shareholder, and an initial capital of at
least 50.000.-TL (around 8,000. – USD).
 The ¼ amount of the capital of company must be paid on behalf of the
shareholders before the registration. So the shareholder has to open a bank
account for the company which will be established. (if a limited liability
company is established, the payment of ¼ amount of capital is not required)
 Registration of the company
We apply with the articles of association and other documents to Trade Registry
Office.
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After the registration of the company, the circular of signature should be issued. Then
Tax Office has to be informed about the establishment of the company.
After that, the tax officers come and inspect the headquarter address. While the
inspection, the representative of the company should be present.
3. Expenses & Fee
Trade Registry Application & Notary Transaction 7.500-TL (around 1.250.-USD)
(excluding the rental fee and another cost regarding the operation & facility)
Best regards,