Guide for Foreign Investors on Establishing a Company in Turkey
Turkey offers an attractive market for foreign investors due to its strategic location, young and dynamic workforce, and growing economy. This guide provides detailed information for foreign investors looking to establish a company in Turkey.
Target Audience
This guide is designed for the following groups of foreign investors:
- Small and Medium Enterprises (SMEs): Entrepreneurs and SME owners seeking new markets.
- Large Corporations: International companies looking to make strategic investments in Turkey.
- Entrepreneurs: Individuals aiming to enter the Turkish market with innovative business ideas.
- Investors: Individual or institutional investors evaluating opportunities in sectors like real estate, technology, and manufacturing.
1. Advantages of Establishing a Company in Turkey
- Strategic Location: Turkey serves as a bridge between Europe and Asia, positioned at the crossroads of trade routes.
- Young Population: The young and dynamic workforce in Turkey is a significant advantage for implementing innovative ideas.
- Growing Market: Turkey offers a rapidly growing economy and a large domestic market.
- Incentives: Various incentives and support programs are available for foreign investors.
2. Company Establishment Process
2.1. Types of Companies
Foreign investors can choose from the following types of companies in Turkey:
- Joint Stock Company (A.Ş.)
- Limited Liability Company (Ltd. Şti.)
- Sole Proprietorship
2.2. Required Documents
The following documents are necessary for establishing a company:
- Passport or identification document
- Residence certificate
- Company articles of association
- Capital commitment
2.3. Company Registration
- Notary Approval: The company’s articles of association must be notarized.
- Trade Registry: The company must be registered with the Trade Registry Office.
- Tax Office: Tax registration is required.
- Social Security Institution: Registration with the SGK (Social Security Institution) is necessary for employees.
3. Legal and Financial Obligations
Foreign investors must comply with the following legal and financial obligations after establishing a company in Turkey:
- Income tax and VAT payments
- Social security premiums for employees
- Preparation of annual financial reports
4. Support and Consulting Services
Foreign investors can seek professional support during the company establishment process in Turkey. Consulting firms can provide assistance in legal, financial, and operational matters.
5. Conclusion
Turkey stands out as a dynamic market offering numerous opportunities for foreign investors. This guide aims to help investors understand the process of establishing a company in Turkey. Conducting thorough market research and obtaining professional consultancy before making investments is essential.