Establishment Of a Company By Foreigners in Turkey

A foreign can establish a company in Turkey. There are some rules to follow according to Turkish Codes. The foreigner is free to choose the type of the company. However stringent rules are changeable through the type of the company. Foreign Direct Investment Law protects the foreigners and their rights.

 According to the regulation on Workplace Opening and Operating Licenses, foreign must apply The Ministry of Labour and Social Security to be able to establish the company.

 Work permits are: temporary work permit, indefinite work permit and independent. Also there are some people who can contribute in academic area, technological and scientific studies, have right to apply for turquoise card.

 The exceptions on work permit can be seen some areas. If the aim is education or internship there is no need for work permission. Sport, tourism, agriculture sectors can also contain exemption on work permit. During their duty term, foreigners who work at Affiliated Units of Foreign Representatives and International Organizations do not need permit. There are regulated on The Regulation on Implementation of International Labour Force of the article 48. The exemption will be valid until the determinated time on the article.

 Notary certified passport translation and foreign Tax ID Number is required for the preliminary process while a foreign real person establish company. There are some difficult steps for a legal entity. Required documents should have the apostille. These documents are tax record at the foreign state and operating certificate from the foreign ministry of commerce. After all, legal entity’s articles of association is prepared with help of an attorney.

 As a result, a foreigners can free to establish a company in Turkey. They must fallow the mentioned regulations which have protection for them.

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