Setting up a company for foreigners in Turkey
Do you want to establish a company in Turkey? As BaltasGlobal, we help you, you can ask us questions about the registiration companies in Turkey , you will establish ypur company in Turkey directly from the contact line and you can use free consultancy.
Do you want more detailed information? You can read our related article to get information about the detailed company establishment process in Turkey.
What are the company establishment processes in Turkey?
Setting up a company for foreigners in Turkey is a detailed and complex issue, but here we will try to provide you with key information in general.
What needs to be done for company establishment?
The establishing process for foreigners in Turkey briefly ;
1-No work permit or residence permit is required for the establishment of a company in Turkey on behalf of a foreign person. A foreign person can establish a company in Turkey without the need for any Turkish citizen alone and can be the sole partner and director of the company.
2- For the establishment of the company of a foreign person, a passport translation is made from a notary public and a person registration is made from the trade registry office.
3-Temporary tax number of the foreign person is obtained from the Interractive tax office.
4-The company establishment process must be started by making an online application for the foreign person by entering the Mersis address. However, some preliminary preparations related to the establishment of the company must be made before the online application process.
*The address of the company must be determined. Virtual address can be rented or an office can be rented.
*The shareholders of the company must be determined.
*The title of the company must be determined.
*The company’s field of activity and the appropriate ance codes for this field of activity should be prepared.
*Contact information of the company should be determined.
5-An online application is made from the Mersis address and after this application is approved, the system gives you an appointment for about 2 days later.
6-On the appointment day, the documents of the company to be established together with the documents of the company to be established are present at the Trade Registry Directorate and the documents are delivered. Approximately 4 – 5 hours after the documents are delivered, the company is published in the trade registry gazette and the company is established.
Points to be considered at the time of appointment: Before going to the appointment, it is necessary to pay the necessary fees for the company and not to be late for the appointment time.
Important note: If the person who will establish the company does not know Turkish, a official translator must be present with the foreign person at the Trade Registry Office. Normal unofficial translators are not accepted.
7-The company is now established but we still need some steps for the company.
*Signature circular for the representative of the company, giving power of attorney to Baltasglobal for the accounting procedures of your company.
*Opening of the company’s commercial bank account
*Starting tax registration by applying to the tax office and obtaining the necessary online transaction passwords.
*Tax inspection by being ready for the tax officers at the company address.
Click here for our detailed article on company establishment.
The summary we have given above may have seemed short and simple for you, but this process can often become complicated and you are likely to encounter problems if you do not work with a specialist lawyer. As BaltasGlobal, we provide consultancy services to many international companies in Turkey and assist them in the establishment of their companies. You can get information about the establishment of your company in Turkey by taking advantage of free consultancy and find answers to your questions in accounting transactions.
Do you have any questions? Please feel free to contact us from the contact section. Your questions are answered confidentially and quickly.
Why is it difficult to open a company bank account?
There may be difficulties in the process of opening bank accounts of foreign companies in Turkey. Today, there are difficulties in opening bank accounts due to the sanctions imposed on Russia, sanctions imposed on Iran and the inability of some companies to prove their value before banks due to the tensions between countries.
In general, as Baltaşglobal, after preliminary negotiations on the bank accounts of the companies, company establishments are carried out and there are no problems with the opening of bank accounts.
Banks generally do not authorise their provincial organisations to open accounts for foreign persons, and the opening of company accounts for foreign persons is under the authority of the headquarters of the banks. The bank account opening of companies does not have the same conditions as the account opening of any Turkish citizen, and the documents are collected by the bank branch and sent to the bank’s foreigners centre for approval. The banks’ centres examine the companies and approve or disapprove the relevant account opening and then the account opening takes place. This process takes approximately 1 week.
Generally, companies with low budgets in bank account openings, companies that have difficulty in influencing banks as commercial activities, companies that do not have any acquaintance from any bank management and companies that do not promise the bank to deposit a certain amount of money at account opening have difficulty in account opening.
In general, the information of the companies should be collected and the purpose of the company and the transactions that the company plans to realise in commercial life should be explained to the bank and the bank should be tried to be convinced about the account opening. Banks should be guaranteed about money laundering, money transfers without a source and we should not convince them that our money transfers will take place smoothly
Checks by tax officers at the company’s address
After the company is established in Turkey, the company is tax registered and after the tax registration, tax officers visit the company’s address and approve the establishment of the company. Tax officers do not give any appointment or specific date for visiting the company, they come to the inspection within 2 – 3 days approximately from the date of application.
For the inspection of the company, BaltasGlobal assists the company owners in the companies we have established and meets the tax officers for the inspection of the company. As long as you work with BaltasGlobal, you do not have any problems in the company establishment process and we manage the whole process for you and provide you with the necessary information.
