cost of incorporating company in Turkey
Key points of incorporating a company in Turkey and related costs
- Only 6 days to incorporate
- A limited liability company requires only 1 director
- The legal representative/Director of the company may be a non Turkish citizen person
- 2 shareholders required for a LLC, while 5 is required for joint stock companies
- 100% foreign shareholders allowed
- Share Capital requirement is only €2,300 for LLC and and 23,000 for JSC
- All directors need a fiscal number before their appointment as directors
- All shareholders need to obtain a fiscal number; whether they are individuals or companies
Costs (approximately)
Articles of Associations: 900,00.-TL
Signature declaration: 100,00.-TL.
Tax : 0.04% of capital
Registration fee : 150 TL
Manager's signature : 555 TL
Publication : 500 TL
Journal : 50 TL
Ledger : 40 TL
Resolution book 40 TL
Inventory book 40 TL
Keywords: ncorporating a company in turkey, turkish company
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