2019 foreign partners / capital companies is facilitated, conditions for opening a business in Turkey by foreigners on this page and you will find details about the company establishment. You can call us at 444 7 284 or ask our financial advisors to call you by filling out the form at the bottom of the page to learn the advantages and fees of working with our lawyers.
In the global era, companies tend to reconsider their capital structures on the axis of capital, information and technology. There is no doubt that adaptation to the increasing boundless international competition in the world plays an important role in the decision to establish foreign enterprises and partnerships. In this perspective, Turkey, companies that want to move to Turkey a number of encouraging internationalization and globalization efforts have developed legal and political initiatives. This article is focusing on the usual procedure of foreign companies to set up different types of workplace conditions in Turkey the opening and explain the process of establishment of a company in Turkey.
Basically for each company establishment, firstly the title of the company, the scope of the field of activity, the center, who the manager / representative will be, the capital and shares should be determined. By opening a bank account (depending on the type and capital amount of the company) over the Potential Tax ID, 1/4 (25%) of the New Partnership capital (except limited liability company) should be credited to this account. Company documents should be registered in the central registry system (MERSİS) and the following documents should be submitted to the trade registry directorate.
Chamber of Commerce registration petition, Chamber of Commerce registration petition
Company foundation notification form, Example of enterprise notification form
Company Articles of Association, Example of Articles of Association
If the foreign partner is a real person, a notarized copy of the translated passport and a breakdown of the potential tax number,
Notarized translation of the activity certificate and registry summary issued by the Chamber of Industry or Commerce or the competent courts where the company is registered with the Turkish Consulate, which includes apostille annotation or foreign partner legal entity,
Notarized translated power of attorney given to the real person who will carry out the establishment of the company,
Notarized Officials’ registration request under the company title,
Chamber of Commerce Registration declaration.
The original of the documents at this point having the citizenship of foreign countries can be seen to be submitted built on private legal entities in these countries with real people bought the apostille annotation of these documents to be arranged outside Turkey, it must be approved by the consulate or notarized translations. For non-Turkish company partners, a potential tax number must be obtained from the relevant tax authority. After the completion of all these transactions, the company will acquire legal personality after the registration by the trade registry directorate. Subsequently, transactions such as issuing signature circulars to the manager or representative, book certifications, and obtaining tax plates may be carried out. In addition, the Trade Registry Offices send a copy of the Company and Branch Establishment Notification Form and Petition filled in at the establishment stage, a copy of any changes in the articles of association subject to registration and announcement of the company, a List of the Partners submitted to them or a copy of the List of Attendants to the Ministry of Economy.
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