New business setup in Turkey
Turkey is being more and more chosen by entrepreneurs looking for stability and growth, thanks to its location spanning both Europe and Asia. Learn about the necessary steps, advantages, difficulties, and legal choices when beginning a business in Turkey. Additionally, we offer simplified options for setting up a business smoothly online and remotely.
Formalities and procedures
We offer a range of services to assist you throughout the process and ensure that you meet all necessary criteria.
Business planning
Before starting a new business, it is essential to conduct comprehensive market research and corporate planning. Our assistance includes developing a detailed business plan, analyzing market trends, identifying your target market, and evaluating the competitive landscape.
Choose your legal structure
Turkey provides a range of legal entities that are appropriate for new businesses, such as Limited Liability Company (Ltd. Şti.), Joint Stock Company (A.Ş.), Branch Office, Holding Company, and more. The decision on which to choose will be influenced by factors such as the size of the business, the ownership structure, and liability preferences.
Reserve a company name
Choose a one-of-a-kind and easily identifiable name for your business that is not already in use, and verify its availability by checking the Commercial Register.
Set up legal address
Having a legal address is essential when starting a new business. This address is used as the main point of contact for government agencies, legal authorities, and important business communications. It is crucial to choose a legal address that meets local regulations and suits your business requirements.
Draft articles of association
Our skilled team helps you create precise and thorough articles of incorporation customized to your selected legal structure. We guarantee compliance with all legal standards and manage the submission process for you, freeing up your time and energy.
Registration
We handle the registration process with the necessary authorities like the Turkey Trade and Companies Register and tax authorities to alleviate the administrative burden. This guarantees that your new business is legally acknowledged and meets all requirements from the beginning.
Open a bank account
Open a business bank account in Turkey to make financial transactions easier. Our team of experts will help you with this process.
Setup accounting
When launching a new business, it is essential to maintain accurate financial records. Our group of accounting experts can help you establish robust accounting and bookkeeping protocols that adhere to the requirements of Bosnia.
New business examples
Businesses come in all shapes and sizes, with unique requirements and contributions to the economy. Whether it’s a small local café or a large multinational company, having a good grasp of the business environment can help aspiring entrepreneurs spot potential opportunities. Let’s explore potential new businesses across various scales:
Small businesses
Launching a small business can be both thrilling and difficult, having a significant impact on the local economy. Instances include neighborhood coffee shops, online stores selling handmade crafts, pet grooming salons, and freelance web design services.
Medium businesses
Medium-sized businesses such as regional stores, software companies, event planners, and fitness studios have a larger number of customers and employees compared to small businesses. Nevertheless, they do not yet match the scale of large corporations.
Large businesses
Big companies such as multinational corporations, airlines, car manufacturers, and retail giants are the main players in their sectors. They possess extensive resources, employ a large number of people, and have significant market power. Large businesses are frequently global in their operations.
Common mistakes when setting up a new business
New businesses frequently face typical challenges that can be alleviated by having a proactive approach and careful planning.
Inaccurate documentation
We guarantee that your paperwork is thorough, precise, and adheres to legal standards, minimizing the chance of bureaucratic problems.
Lack of understanding of local regulations
Our guidance covers all aspects of local regulations, taxation, employment laws, and other legal obligations, ensuring that you comply with the law.
Inadequate financial planning
Our team helps you create practical financial projections, manage your budget, and secure financial resources to aid in achieving your company’s objectives.
Insufficient market research
Lack of proper knowledge about the local market can impede success. It is important to perform in-depth market research in order to recognize both the opportunities and challenges present.
Inadequate marketing
A lot of companies face challenges because of not investing enough in marketing. It is important to establish a strong online presence and consider different digital marketing strategies.
Our solutions: Business formation made easy
The team offers solutions that are practical and effective, tailored to your needs due to this fact:
Business formation online
Using Turkey’s online platform, you have the convenience of starting and completing business formation procedures from anywhere in the world. You can monitor the progress, upload documents, and utilize our services via secure digital platforms, ensuring a smooth and hassle-free experience.
Business formation remotely
In Turkey, we can handle all the documentation for you if you prefer a more hands-off approach. Our team of professionals will take care of all the necessary paperwork and communication with authorities, providing you with peace of mind.
Contact us
Don’t miss the chance to start your business in Turkey. Get in touch with us now for tailored help, whether you opt for online registration or remote business formation. Our team of experts will assist you through each stage, guaranteeing a smooth and prosperous launch. Don’t overlook the opportunities Turkey offers for your business aspirations!