Company Formation Turkey · İstanbul
Company Registration in Turkeyfrom USD 1,500
Set up a company in Turkey with our Istanbul team: company types, steps and documents. Lawyer's fee from USD 1,500; state fees are charged separately.
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Our team of company formation specialists in Turkey provides full incorporation packages to international and local investors. Please explore this page, and then discuss directly with our Turkish specialists for business formation in 2026.
Company formation in Turkey: lawyer’s fee from USD 1,500
Trade Registry, notary and Chamber of Commerce fees are charged separately.
| Quick Facts | |
|---|---|
| What types of services do you provide in Turkey? | for: – setting up a company in Turkey, – opening a bank account, – registering for taxation and social contributions, etc. |
| Is foreign ownership allowed in Turkey | Yes |
| What is the most popular business structure in Turkey? | The limited liability company, or LTD. |
| Costs for forming an LLC in Turkey | Starting from TRY 10,000 for registration at the Turkish Trade Register & Gazette publication, plus our legal fees communicated within 24 hours. |
| Minimum share capital for an LLC in Turkey | TRY 50,000 |
| Minimum number of shareholders for an LLC | At least 1 |
| Steps in forming a company in Turkey | – choosing the company type, – reserving the trade name, – opening a Turkish bank account, – registering for taxation and obtaining the VAT ID, – drafting the documents, – obtaining the company seal, etc. |
| Solicited documents | – IDs/passports, – proof of business address, – proof of deposited capital & paid fees, etc. |
| Additional conditions in company formation | The Articles of Association must be drafted via online MERSİS system. |
| Time frame for the incorporation | 2-3 weeks |
| Company extensions available in Turkey | – branches, – subsidiaries, – representative offices |
| Are ready-made companies available in Turkey | Yes, we can put you in contact with local suppliers of shelf companies in Turkey. |
| Do you provide virtual office packages in Turkey? | Yes, virtual domiciliation is possible. |
| Extra services we offer | – accounting, – tax compliance, – various corporate/business-related services. |
| Additional costs for company formation in Turkey | For: – virtual office, – accounting, – office rent, etc. |
What types of companies are available to foreigners in Turkey?
- joint-stock company,
- limited liability company.
Which is the most popular business structure for registering a company in Turkey?
The limited liability company, or LTD, is the most popular business entity in Turkey. Most international investors choose this form.
What is the minimum share capital for an LLC in Turkey?
TRY 50,000 is the minimum share capital required for opening an LTD in Turkey. The entire capital can be paid to the company within 24 months after incorporation.
What is the minimum share capital for a joint stock company in Turkey?
TRY 250,000 is the minimum share capital for opening a joint stock company in Turkey in 2026. Shareholders must deposit at least 25% of the required capital into a corporate bank. The remaining amount must be paid within 24 months.
What are the documents required for starting a company in Turkey?
Here are the documents required for Limited Companies:
- Power of Attorney: If the procedure is handled via proxy,
- Articles of Association: Drafted via online MERSİS system,
- Signature Specimens: notarized or certified by the Trade Registry,
- Notarized passport translation,
- Trade Registry Excerpt for Legal Entity Shareholder,
- Resolution from Legal Entity Shareholders,
- Incorporation Notification Forms: Standard registration forms prepared by the chambers of commerce, including company address and NACE code.
What are the steps for opening a company in Turkey?
- selecting a business form that respects the requirements of the Company Law in Turkey;
- reserve a trade name for the company to be incorporated;
- prepare the documents which need to be filed with the Turkish Trade Register in order to obtain the Certificate of Registration;
- opening the company’s bank account in which the share capital will be deposited prior to the registration;
- filing the incorporation documents;
- obtaining the tax identification number and the VAT number;
- employment & social security registration.
How many shareholders can open an LLC in Turkey?
At least 1.
Is foreign ownership permitted in Turkey?
Yes, foreign investors benefit from 100% ownership in their companies.
What are the requirements for opening a bank account in Turkey?
The company representative must present the firm’s documents, including authorized signatures. A corporate bank account in Turkey is subject to a specific fee, which must be paid at the time of application.
Do I need special licenses and permits in Turkey?
You will need a business license for opening a company in the banking sector, insurance, healthcare, tourism, construction, and others.
Can I open a branch in Turkey?
Yes, you may read more about this here.
How quickly can I set up a company in Turkey?
Here are a few procedures and formalities for which the timeframe should be considered when opening a company in Turkey:
- Drafting the Articles of Association – around 1-2 business days,
- Certified translation – around 2-3 business days,
- Local Notary and Tax Office registration – about 1-2 business days,
- Trade Registry appointment – about 1–3 business days,
- Registration and announcement – about 1 business day,
- Foreign notarization and Apostille procedures – around 5-6 business days or less.
What are the costs for company formation in Turkey in 2026?
The following costs are estimated so our clients can have an idea when starting a company in Turkey:
- Trade Registry fee & Gazette publication – Starting from TL 10,000,
- Company stamp – Around TL 500 – 800,
- Competition authority contribution – 0.04% of the company’s share capital (also due on capital increases),
- Office rent in Istanbul – Starting from TL 1,500 per s.m./month,
- Virtual office package – Around TL 2,500/month for a full VO package,
- Accounting costs – Starting from TL 4,400/month for the services of a CPA accountant in Turkey,
- Tax ID/VAT registration (no state fee; EORI is an EU customs number, not needed for a Turkish company) – Can be part of the total company formation costs.
IMPORTANT! Legal Cost (our fee) is not included in the above, as it depends on the company’s structure. Please contact us with full information, and we will provide it within 24 hrs.
Other costs
- Establish a company – lawyer’s fee – USD 1,500;
- Notary fees (statement of signatures, power of attorney, passport translations
etc.) – TL 15,000; - Translation fees – TL 7,500;
- Commercial book fee – TL 6,000;
- Rental agreement stamp tax – variable, according to the rental price;
- Taxes – TL 8,000;
- İstanbul Chamber of Commerce fee – TL 9,000;
- Bank account opening lawyer’s fee – USD 500;
- Apply for a resident permit – lawyer’s fee – USD 1.000.
What are the annual obligations of companies in Turkey?
- Annual financial filing & reporting;
- Ordinary general assembly;
- Independent audit (only for companies exceeding the statutory size thresholds);
- Occupational health & safety (OHS) since 2025.
Ready to start a company in Turkey in 2026? We invite you to contact our team of experts and find out more about the formation services we offer to local businessmen and foreign investors.