Small business setup in Turkey
Turkey offers a favorable environment for small businesses due to its growing economy and opportunities in manufacturing and technology at the crossroads of Europe and Asia. We specialize in helping startups and expanding small businesses by providing expert support, thorough knowledge of the regional market, and proficiency in company formation. We can assist you with all the documentation and processes needed to establish your small enterprise in Turkey. Let’s explore the benefits of starting a small startup in Turkey and how our specialized solutions can help ensure your success.
Formalities and procedure
Registering a small business in Turkey requires going through a series of steps which can be finalized within a short timeframe of a few weeks.
Choose a business name
The name of the business must be original and not currently in use. You can verify if a name is available on the Turkey Trade Registry’s website.
Select legal entity type
Choosing the right legal structure is crucial for the prosperity of your small business. To assist you in making a knowledgeable choice that fits your individual needs and long-term goals, we offer expert advice on Limited Liability Company (Ltd.), Joint Stock Company (A.Ş.), Branch Office, Holding Company.
Set up legal address
It is crucial to have a legal address when launching a business because it acts as the primary contact address for government agencies, legal bodies, and important business communication. Selecting a legal address that complies with local regulations and aligns with your business needs is essential.
Get the necessary paperwork ready
Our team of specialists will assist you in developing accurate and comprehensive documentation tailored to your company’s needs and objectives. We ensure compliance with all legal requirements and will handle the submission process on your behalf.
Open a bank account
Setting up a corporate bank account is essential for starting a business in Turkey. We will guide you through this procedure, making sure you meet all requirements and aid you in opening an account with a respected financial institution in Turkey for your small business dealings.
Company registration
We take care of registering your small business with the Trade and Companies Register and tax authorities, ensuring that it is legally recognized and compliant from the beginning, thus alleviating any administrative burden from you.
Setup accounting
In order to have a successful start for a small business, it is crucial to keep precise financial records. Our group of accounting professionals can assist in creating efficient accounting and bookkeeping methods that adhere to Turkey’s laws.
Small business examples
Small businesses work within various industries and sectors, each having unique requirements. Here are a few examples of small businesses:
- Business support: Smaller consultancies, individual service providers
- DIY retail: Locally-owned hardware shops, small home improvement stores
- Education: Tutoring services, small language schools, independent trainers
- Farming: Smaller, family-run farms
- Fitness: Individual trainers, small local gyms or studios
- Food and beverage retail: Independent grocery stores, coffee shops, bakeries
- Hotels and motels: Smaller, independent hotels or motels
- Laboratory: Smaller independent testing labs
- Marketing: Freelance marketers, small local agencies
- Media: Independent content creators, niche publications, small production companies
- Printing: Small local print shops
- Real-estate: Individual realtors, very small brokerage firms
- Restaurant: Independent, non-chain restaurants
Benefits of establishing a small business in Turkey
“Turkey is an attractive location for starting a small business, with numerous benefits to offer.”
Strategic location
Turkey has a strong economy and offers chances in manufacturing and technology for companies seeking opportunities at the intersection of Europe and Asia. The country’s strategic location, youthful and energetic population, and governmental support for foreign investment make Turkey an advantageous market for businesses wishing to access its thriving economy.
Favorable tax regime
Turkey has a 25% flat corporate income tax rate and provides incentives such as tax credits for research and development. The country’s advantageous position between Europe and Asia and its expanding economy make it a desirable location for businesses.
Banking
Turkey’s stable and innovative banking system offers a range of financial services and investment opportunities in a vibrant economic setting.
Our small business setup solutions
We understand how valuable your time and resources are. That’s why we offer two convenient choices to make the company formation process easier.
Business formation online
By using Turkey’s online platform, individuals have the opportunity to start and finalize the process of creating a business from any location globally. The option to track progress, upload necessary paperwork, and access our services via secure digital channels guarantees a hassle-free and user-friendly experience.
Business formation remotely
If you would rather not deal with the paperwork, we can handle everything for you. Our team of experts will manage all the necessary paperwork, fulfill the required formalities, and communicate with the appropriate authorities on your behalf to provide you with reassurance.
Contact us today and launch your small business success
Contact us today to schedule a consultation and begin pursuing your business goals. Let’s embark on this journey together.