Large business setup in Turkey
Starting a big company requires thorough planning and effort, with specific challenges and considerations to navigate. We will explore the benefits of establishing a large corporation in Turkey and how our tailored solutions can help you achieve success.
The process of setting up a large business
Creating a big company in Turkey is similar to starting a small or medium-sized business, but it often takes more time and resources due to its size and complexity. The steps typically involved in setting up a large business are as follows:
Choose a business name
The name of the business must be one-of-a-kind and not currently being used. You can verify if a name is available by visiting the Turkey Trade Registry’s website.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your sizable company. To assist you in making a knowledgeable choice that fits your individual needs and future goals, we offer expert advice on Limited Liability Company (Ltd.), Joint Stock Company (A.), Branch Office, Holding Company.
Set up legal address
It is necessary to have a proper legal address when launching a business, as it is the primary point of contact for government entities, legal authorities, and crucial business communications. Selecting a legal address that complies with local laws and aligns with your business needs is crucial.
Get the necessary paperwork ready
Our expert team will assist you in producing detailed and tailored documentation that aligns with your company’s framework and objectives. We assure compliance with all legal requirements and will handle the filing on your behalf.
Open a bank account
We will help you with the process of opening a bank account and make sure that the company follows the regulations. We will also help you select a reliable financial institution for your bank account in Turkey.
Company registration
We take care of registering your business with authorities such as the Trade and Companies Register and tax authorities, so you don’t have to worry about the administrative tasks. This ensures that your business is recognized and compliant with the law from the beginning.
Setup accounting
In order to effectively start a significant company, it is crucial to keep precise financial records. Our team of accounting professionals can assist in implementing efficient accounting and bookkeeping procedures that adhere to the regulations of Turkey.
Large business examples
Large businesses operate in various industries and sectors, each having unique requirements. Here are a few examples of large businesses:
- Aviation: Airlines, major aircraft manufacturers
- Bank: Large, national, or international banks
- Blockchain: Depending on the company, it can also be also medium or small sized business
- Cars and vehicles: Major car manufacturers, large fleet management companies
- Construction: Firms handling large infrastructure projects
- Energy: Utility companies, oil and gas producers
- Freight and package transportation: Major shipping and logistics companies (FedEx, UPS, etc.)
- Minerals: Large-scale mining operations
- Tourism and travel: Major hotel chains, international tour operators
Benefits of establishing a large business in Turkey
Turkey is an attractive option for establishing large businesses due to its numerous benefits.
Strategic location
Turkey is proud of its expanding economy and prospects in the manufacturing and technology sectors for companies seeking opportunities at the junction of Europe and Asia. Due to its strategic position, youthful and energetic population, and government support for international investment, Turkey offers many benefits for businesses eager to enter its thriving market.
Favorable tax regime
Turkey’s corporate income tax rate is 25%, with additional incentives such as tax credits for research and development. Its advantageous position bridging Europe and Asia and its expanding economy make it a desirable place for business.
Banking
Turkey’s stable and innovative banking system offers a variety of financial services and investment opportunities in a strategically positioned and vibrant economy.
Our Large business setup solutions
We understand the value of your time and resources. This is why we offer two convenient options to make the process of company formation easier.
Business formation online
Through the Turkey’s online platform, individuals are able to start and finalize the process of setting up a business from any location. The option to track progress, upload necessary paperwork, and access our services using secure digital channels guarantees a seamless and efficient process.
Business formation remotely
If you want a more hands-off approach, our team of professionals can manage all the paperwork for you. They will handle all the necessary formalities, complete the required paperwork, and communicate with the relevant authorities on your behalf to provide you with peace of mind.
Contact us
Get in touch today to schedule a consultation and begin pursuing your business goals. Let’s take that initial step together.