Establishment of Companies by Foreigners and Partnership of Foreigners

Foreign investors can establish joint stock companies, limited liability companies, collective companies, commandite companies, cooperative companies, and general partnerships as provided for by Turkish law, unless otherwise stipulated by international agreements and special laws. As the establishment procedures and liability limits differ legally for each type of company, it is recommended to carefully examine the necessary documents and seek legal assistance from expert lawyers.

In order for foreigners to establish a company, all necessary procedures, depending on the type of company and its intended activities, must be carried out completely and in compliance with the procedure. This includes preparing the company’s articles of association in accordance with the relevant regulations, submitting the minutes and articles of association through the MERSIS system, organizing and notarizing the necessary documentation, obtaining the potential tax identification number for the company, depositing a certain portion of the capital into the Competition Authority bank account, depositing and documenting a certain portion of the capital into the company’s bank account, applying to the Trade Registry Office for registration, having certain legal books of the company certified, requesting the company establishment declaration from the tax office, arranging the signature circulars, and transferring certain documents related to the company to the e-TUYS system. These procedures can only be carried out by the foreigner or their lawyer who requests to establish the company.

In order to avoid any loss of rights during the execution of these procedures, it is recommended to work with expert lawyers.

You can get detailed information by calling the Turquwise call center.