Company Formation in Turkey

Establishing a business in Turkey offers unique opportunities for entrepreneurs and corporations aiming to expand their global footprint. With its strategic location, growing economy, and business-friendly environment, Turkey has become an attractive destination for both local and foreign investors. Company formation in Turkey is a straightforward process with the right guidance and expertise.

Why Choose Turkey for Company Formation?

1. Strategic Location
   Turkey’s position at the crossroads of Europe, Asia, and the Middle East makes it a hub for international trade and investment.

2. Dynamic Economy
   As one of the fastest-growing economies in its region, Turkey provides a fertile ground for businesses across various industries.

3. Investment Incentives
   The Turkish government offers numerous incentives, such as tax reductions, customs exemptions, and grants, particularly in free zones and organized industrial areas.

4. Young Workforce
   With a young, skilled, and dynamic labor market, Turkey is ideal for businesses seeking a competitive workforce.

Types of Companies in Turkey

Company formation in Turkey involves selecting the right structure to match your business needs. Common types include:

1. Limited Liability Company (LLC): Ideal for small to medium-sized businesses with limited liability for shareholders.
2. Joint-Stock Company (JSC): Suitable for larger businesses or companies planning to issue shares publicly.
3. Branch Office: Allows foreign companies to establish a presence without creating a separate legal entity.
4. Liaison Office: For non-commercial activities like market research or representation.

Steps for Company Formation in Turkey

The process of company formation includes several key steps:

1. Business Name Registration: Selecting a unique company name and registering it with the Trade Registry.
2. Preparation of Articles of Association: Drafting and notarizing the company’s governing document.
3. Trade Registry Application: Submitting necessary documents to the local Trade Registry Office.
4. Tax Registration: Registering the company with the Tax Office and obtaining a tax identification number.
5. Social Security Registration: Ensuring compliance with labor and social security requirements.

How KEYBIZ CPAs & Advisors Can Assist

At KEYBIZ CPAs & Advisors, we provide comprehensive support for company formation in Turkey, ensuring a seamless and efficient process. Our services include:

• Legal and Regulatory Guidance: We assist with all legal documentation and ensure compliance with Turkish laws.
• Tax and Financial Advisory: From tax registration to financial planning, we help optimize your business setup.
• Accounting Outsourcing Services in Turkey: Our accounting services ensure that your company’s financial processes are compliant and streamlined.
• Ongoing Support: Beyond company formation, we offer continued assistance with licensing, payroll, and financial reporting.

Conclusion

Forming a company in Turkey is a strategic step for businesses seeking growth in a dynamic market. With the right partner, the process becomes straightforward and efficient. At KEYBIZ CPAs & Advisors, we bring expertise and personalized solutions to help you navigate the complexities of company formation.

Contact us today for professional support in company formation in Turkey and let us help you unlock the potential of this thriving market!