We provide services with our expert staff for your company incorporation, branch opening and all registry procedures. Company incorporation procedures in Turkey start by entering the necessary documents into the MERSIS system, continue with the submission to the relevant trade registry directorate after notarization procedures, and are completed with the tax office and insurance notification. The establishment of a company in Turkey is exempt from fees and only the chamber of commerce and notary fees are paid. Foreign natural and legal persons establishing companies in Turkey are subject to the same rules as domestic investors. Turkey’s Foreign Direct Investment Law is based on the principle of equal treatment and allows international investors to have the same rights and obligations as local investors. The conditions for establishing companies and transferring shares are the same as those applicable to local investors. Accordingly, international investors can establish all types of companies specified in the Turkish Commercial Code. The TCC introduces a corporate governance approach that meets international standards, encourages private equity and IPO activities, provides transparency in governance transactions and aligns Turkey’s business environment with EU legislation and the EU accession process.

There are 5 types of companies in Turkey:

• Limited Liability Company
• Joint Stock Company
• Limited Company
• Collective Company
• Cooperative Company

As Vertax, we provide support at every stage of our service for the types of companies determined by the Turkish Commercial Code, from the establishment stage to the preparation of signature declarations, from the application to the Trade Registry Directorate to the provision of the necessary documents.

We provide the following services for the company establishment process of our taxpayers;

Determining the title of the company and obtaining approval from the Trade Registry Directorate
Preparation of the Articles of Association according to the Company’s field of activity
Submitting the articles of association online to MERSIS
Notarization and translation of passports of company partners
Obtaining a potential tax number
Preparation of the company establishment notification form
Preparation of Chamber of Commerce Registration Declaration
Preparation of power of attorney from company partners for company establishment
Deposit a certain percentage of the capital (4 per ten thousand) to the account of the Competition Authority
Depositing at least 25% of the founding capital in a bank and documenting this
Preparation of a petition to the Trade Registry Directorate
Submission and follow-up of documents for registration to the Trade Registry Directorate
Issuance of signature circular after the registration of the company
Tax certificate after the registration of the company
Preparation of the company’s lease agreement
Applying to the tax office to which the company is affiliated
Opening the insurance file
Receipt of E-Notification and Internet Tax Office passwords
The follow-up of the company’s attendance process to be issued by the tax office,
Providing VIP service to accelerate company incorporation procedures upon request