Establishment of a personal company in Turkey; steps and details
Learn how to start a personal company in Turkey and the necessary documentation and steps to establish a company, with some important observations and introduction to the services of Gars Consulting Company.
Table of content
Establishment of a personal company in Turkey
The establishment of a personal company in Turkey authorizes the owner to engage in business and enter the Turkish market legally, this type of company suits limited commercial actors, such as shops, groceries, restaurants, etc.
Features of establishing a personal company in Turkey
The establishment of a personal company in Turkey is a legal gateway for the conduct of specific business and business activities, which is suitable for the owners of limited capital. Its main characteristic is its ease of construction and low cost, and it enables its owner to engage in business legally. In addition, it has few responsibilities compared to other types of companies and, when established, do not require the opening of a bank account in the name of the company or the deposit of any cash like other companies.
Steps to establishing a one-person company in Turkey
The personal company is divided into two types, a tax-mandated company, and a tax-commissioned company and a commercial record. For the company with a tax assignment, it is registered with the Tax Service (Vergi Dairesi) in the city in which the person intends to engage in the specific business activities. In addition to being registered in the Commercial Register, personal companies with a tax assignment and commercial record need to be listed in the Chamber of Commerce. The second type of company contract must be written, the company's identity must be obtained and its signature approved, and the accounting agency must be issued, the business activity document, the Government insurance register, the company's decision books are complete, and the accounting agency is fully equipped.
Costs of establishing a personal company in Turkey
The cost of establishing a personal company in Turkey is estimated to be in the range of one thousand and two hundred Turkish lira, for taxable companies only. Personal companies with a tax assignment and commercial record cost an estimated 3,500 Turkish lira.
The documents required to establish a personal company
The establishment of a personal company requires the existence of a number of documents with the owner of the company, such as a valid passport, the existence of a corporate seat to enable him to start his business, as well as the appointment of an accredited chartered accountant, in order to provide tax data to the Tax Service, pay dues, etc.
Establishment of a personal company in Turkey from abroad
A personal company can be established in Turkey from abroad by following some steps, first, identifying initial data, such as the name of the company and activities. Accordingly, the agent organizes the contract for the foundation of the company, after which an agency - and you can communicate with us for the task - is established at the Turkish embassy in the country of residence and the agency (original) is sent to the agent's address in Turkey to initiate the procedures for incorporation.
The documents are then extracted and sent to the embassy and the work of an accountant's agency in Turkey.
In Gars Consulting Company, we're setting up your company in Turkey in accordance with Turkish laws, and taking into account the kind of company that's appropriate for your activity. Follow up with the Tax Registry Directorate and complete all official company documents until obtaining a tax number from the Tax Office and register in the Central Registry system by applying to the Commercial Registry Office.
Edited by Gars Consulting Company
Did you like this topic? You can share it with your friends now.
Work Residency in Turkey- Privileges and Requirements
In this article, you will learn about the steps needed to obtain a work residence permit in Turkey, its requirements, an...
Privileges of Real Estate Residence in Turkey and how to get it
what is the real estate residence in Turkey, what are the privileges? Learn more about the requirements, the procedures,...
Privileges of Turquoise Card for Forgierner Investors in Turkey
Learn more about the turquoise card and its requirements. Turkey grants it to the foreigner investors as it provides a v...