About Turkey
Turkey bridges Europe and Asia with a large domestic market of 85 million, a young dynamic workforce, EU customs union access, and growing sectors in manufacturing, construction, and technology.
Remotely Process Your Turkish LS Company Incorporation in About 18 Business Days
Turkey company incorporation with TKEG Expat — we register your Turkish Limited Şirketi (LS), a limited liability company, at the Istanbul Chamber of Commerce and Trade Registry: passport translation and notarization, tax ID, power of attorney, title reservation, articles of association, lease contract filing, signature circular notarization, and corporate bank account opening. Turkish law requires a local commercial address; our virtual address covers non-resident founders. Official registration expenses (notary fees for articles of association and other documents, currently ~USD 1,140) are not included, and TKEG Expat charges a 3% handling fee on government outlays.
Service Included
-
1. Company Incorporating in Turkey;
2. DOES NOT include Official company registration expenses (Notary expenses for Articles of Association and all other documents), currently it's 1,140 USD. TKEG Expat charges a 3% handling fee.Number of services already included in this product: 0.00
Product Requirement
Turkish LS Company Incorporation's Requirements
TKEG Expat ™ (HK SAR) aims to provide the most straightforward and professional service to our clients. Please use this "Product Requirement Table" to determine if you meet the basic requirement of this product, and if you need services that are not included in this product.
Incorporating a company in Turkey requires a commercial address in Turkey
Incorporating a company in Turkey requires a commercial address in Turkey. If you do not have a commercial address in Turkey, you can choose to use TKEG Expat's virtual address service.
Has Solutions?: Yes
Service Not Included in Product
Ownership
Consolidated Ownership
Limited Liability
Positive
Publicly Participates In Capital Market
Negative
Requirements For Shareholders
At least one
Requirements For Directors
At least one
Legal Representative Not Mandatory
Positive
Local Directors Not Mandatory
Positive
Local Secretaries Not Mandatory
Positive
Minimum Registered Capital Requirement
10,000 Turkish Lira
Capital Injection Not Required
Positive
Capital Injection Requirement
N/A
Memo
At least one manager is required
Document Requirement
We Need These To Help You With Turkish LS Company Incorporation
TKEG Expat ™ (HK SAR) aims to provide the most accurate and up-to-date information to our clients. Please use this "Document Requirement Table" to determine which documents you will need to submit to fulfill the product requirements. Please note, the requirements of document can change depending on your case.
Natural Person Shareholders & Directors's Required Documents
Passport
Two translated, notarized, and Apostilled copies of the passport
Document Process: Apostille
Document Format: Scan Copy
Power of Attorney
Each shareholder needs to sign their own Power Of Attorney.
Document Process: Apostille
Document Format: Scan Copy
Frequently Asked Questions
The traditional incorporation model of choosing a power of attorney requires a cumbersome document authentication process and a power of attorney can only be used once for the respective event. The e-signature option requires the customer to sign all company documents, including incorporation and subsequent filings or changes to the company's business information, in person via video authentication.
C-Corp's income tax rate is based on a flat tax rate, which is calculated using the graduated tax rates of the U.S. individual income tax system, i.e., the higher the corporate profits, the higher the tax rate; and there is no corporate tax liability, as the corporation's income tax is the shareholders' personal tax liability. C-Corp is completely separate from the shareholders or operators of the corporation, and C-Corp's income tax rate is calculated using a flat tax rate.
At least one shareholder is required to register a Turkish company. This can be a natural person or a company. The Turkish government does not have any requirements or restrictions on the nationality or legal domicile of the shareholders of a Turkish company.
The Hong Kong government does not impose any nationality or identity restrictions on foreigners registering Hong Kong companies and does not require EU residency as a nominee director. However, if the director of the Hong Kong company is not a Hong Kong resident, a Hong Kong resident is required to act as the company secretary as a contact person for the Hong Kong authorities in their territory.
Yes, the registered capital must be transferred from a bank account in the name of the shareholders in proportion to their shareholding to the company's provisional capitalization account.
The company's registered capital must be used for the company's day-to-day operating costs, such as paying for goodscosts, to pay accountants, to pay for the services of TKEG Expat.
Flexibility of Investment Atmosphere
As an OECD member, Turkey has progressively removed barriers to foreign investment. The country offers a streamlined company formation process and ensures equal treatment between domestic and foreign investors. Turkey hosts over 80,000 foreign-capital companies, reflecting strong international confidence. International arbitration is available for dispute resolution, further increasing Turkey’s attractiveness to foreign investors.
Perfect Geographical Location
Turkey's central location connecting Asia and Europe has historically made it a natural bridge between the two continents. Through its location, Turkey has embraced many commercial routes connecting the East and the West. Today, Turkey enjoys a strategically sensitive location that provides access to over 1.5 billion people in Asia, Europe, and Africa, making it the most reliable transit point in trade relations.
Europe's Largest Power Plant and Port
Turkey plays a key role as an energy transit hub between Asia and Europe, facilitating the flow of energy from east to west. The country’s strategic position along major pipeline routes, including the Trans-Anatolian Natural Gas Pipeline (TANAP), makes it an important energy corridor connecting resource-rich regions to European markets.
Low Tax Costs in Turkey
Turkey’s corporate income tax rate is 25%, competitive within the region. In some cases, foreign investors can benefit from full or partial tax exemptions. The government provides additional incentives in designated investment zones, including land allocation, reduced social security contributions, and other support measures to encourage investment.
Member of the European Customs Union
The European Customs Union aims to increase economic activity and provision. Turkey has been a member of this customs union since 1996, and the parties to this union have 20 free trade agreements. Through the signing of new agreements, these trade relations are increasing day by day.
General CIT Rate
25 (financial companies up to 30%)
CIT Return Due Date
The 30th day of the fourth month after the end of the fiscal year.
CIT Payment Due Date
The tax return form is due by the end of the month (i.e., for companies using the calendar year, it is before the end of April).
CIT Estimated Payment Due Date
Quarterly prepayments of taxes should be paid by the 17th of the second month of each quarter.
Resident Withholding Tax (Dividend/Interest/Royalty)
0/0/0
None-Resident Withholding Tax (Dividend/Interest/Royalty)
15/0/20
General VAT Rate
20
General Capital Gain Tax Rate
Capital gains are constrained by the normal corporate income tax rate.
Composite Effective Average Tax Rate
22.33%
Composite Effective Marginal Tax Rate
9.56%
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