Legal entity types in Turkey compared
Our team is experienced in helping entrepreneurs like yourself understand the complexities of Turkey’s business structures. We offer a range of services to help you select the best structure for your business and ensure compliance with all legal obligations. Let’s examine the different business structures in Turkey and how we can support you in establishing your business in this thriving country that bridges Europe and Asia.
Legal entities in Turkey
Below is a summary of the most commonly chosen types of business structures in Turkey:
| Entity | Local name | Min. share capital | Management | Incorporation time (approx.) |
|---|---|---|---|---|
| Limited Liability Company | Sınırlı Sorumlu Şirket | TRY 10000 ($ 1080) | Directors | 7 days |
| Joint Stock Company | Anonim Şirket | TRY 50000 ($ 5400) | Board of directors | 12 days |
| Branch Office | – | – | Branch manager | 15 days |
| Holding Company | – | – | Board of directors | 10 days |
Limited Liability Company (Sınırlı Sorumlu Şirket)
The Limited Liability Company is a popular choice for businesses in Turkey, providing owners with limited liability protection. Its flexibility in management and capital requirements makes it an attractive option for entrepreneurs. Our team is available to assist you in establishing your Limited Liability Company in Turkey.
Joint Stock Company (Anonim Şirket)
The Joint Stock Company is commonly selected by big businesses in Turkey. Due to its capacity to collect funds through public offerings and its ease in transferring shares, it provides valuable benefits. We are available to support you with the registration procedure for your Joint Stock Company in Turkey.
Branch Office
A branch office is a continuation of a main company, enabling it to do business in a different place with its original legal status intact. Setting up a branch office in Turkey can be beneficial for companies wanting to grow in the country without forming a new legal entity. Operating as a branch allows the parent company to use its established brand reputation and resources while entering new markets. We provide complete assistance in establishing and running a branch office in Turkey, ensuring a seamless and compliant entry into the market.
Holding Company
A holding company is commonly used to control other companies by owning their shares. In Turkey, setting up a holding company can provide advantages like centralized management, risk spreading, and tax benefits. By organizing your business in this way, you can effectively manage several subsidiaries, simplify decision-making, and optimize tax planning. Our team of experts can offer personalized support to assist you in forming and running a holding company in Turkey, making sure you meet all legal obligations and maximize the potential of your corporate structure.
Requirements for starting the business
Let us examine the key needs for initiating a business entity in Turkey and the assistance our committed team provides throughout the entire process.
Minimum share capital
Turkey has minimum share capital requirements based on the chosen business structure. Our professionals will help you figure out the minimum share capital required for setting up your business, regardless of the type of corporation. We will work closely with you to make sure you follow regulations and make the most of your financial resources.
Directors and shareholders
In Turkey, “appointing directors and shareholders is mandatory for all types of businesses.” Our experts can provide valuable guidance to help you choose the right directors who will bring valuable expertise and align with your company’s long-term goals.
Legal duties and obedience
Ensuring compliance with registration and ongoing reporting obligations, along with tax requirements, is essential. Our legal team manages administrative tasks to ensure full compliance for your business, letting you focus on core operations while we handle the paperwork.
Book a consultation
The team puts effort into grasping your objectives, sector, and obstacles, allowing us to offer tailored support during the process of starting a business. We promise a smooth and trouble-free path to creating a successful company in Turkey through our expertise and commitment to excellent service. Don’t let the challenges of setting up a business in Turkey hold you back from achieving success. Trust us and we will work together to help your company reach its full potential. To start your path to success, reach out to us today. Simply complete and submit the inquiry form below and our experts will reach out to you.