Conditions for company registration in Türkiye, Part IV

Türkiye’s economic situation for company registration; A gateway to opportunities

Company registration in Türkiye Turkey, a country with a strategic location at the intersection of Europe and Asia, has attracted a lot of attention in recent years as an attractive destination for investment and entrepreneurship. Relative political stability, a growing economy, and government incentives for foreign investment make this country a good place to start a business.

Company registration in Türkiye One of the most popular ways to invest in Türkiye is to register a company in Türkiye. This brings several benefits to investors, including residency, tax exemptions, and access to new markets. In the continuation of the company registration conditions in Turkey, the first part, the second part, and the third part, we want to check the fourth and final part of this issue, stay with us.Company registration in Türkiye

Türkiye’s economic situation:

Türkiye’s economy has seen significant growth in recent years. In 2023, the country’s GDP will reach 800 billion dollars and its growth rate will reach 5.3%. This shows the dynamism and economic stability of Türkiye.

Company registration in Türkiye In addition, Turkey has a favorable position in global rankings in terms of ease of doing business. According to the World Bank report, Turkey was ranked 38th in the world in terms of ease of doing business in 2020.

These factors, along with the government’s support policies for foreign investment, have made Turkey an ideal option for registering a company and starting a business.

Procedures for company registration in Türkiye:

Registering a company in Türkiye is a relatively simple and straightforward process. In general, the following steps must be taken to register a company in Türkiye:

1. Choosing the type of company: The first step is to choose the type of company you want. Different types of companies can be registered in Turkey, including limited liability companies, joint stock companies, and joint stock companies.
2. Preparation of necessary documents: The required documents for registering a company in Turkey include a passport, a certificate of no bad background, and a business plan.
3. Choosing a company name: You must choose a name for your company that is not already registered by another company.
4. Opening a bank account: You need to open a bank account in Turkey and deposit the company’s initial capital into it.
5. Going to the Companies Registration Office: With the necessary documents in hand, go to the Companies Registration Office and complete the relevant forms.
6. Obtaining necessary permits: depending on the type of activity of your company, it may be necessary to obtain certain permits from relevant institutions.

Company registration conditions in Türkiye:

In order to register a company in Türkiye, there are certain conditions that must be met by the applicants. These conditions generally include the following:

• Applicant must be at least 18 years old.The applicant must have the citizenship of one of the countries of the world.
• The applicant must not have a bad criminal record.
• The applicant must provide an acceptable justification plan for his business.
• The applicant must have sufficient initial capital to start his business.

Company registration fees in Türkiye:

Company registration costs in Turkey depend on various factors such as the type of company, the number of shareholders, and the company’s activity. However, in general, it can be said that the costs of registering a company in Turkey are between 500 and 1000 euros.

Benefits of registering a company in Türkiye:

Registering a company in Türkiye brings many benefits to investors. Among these benefits, the following can be mentioned:

• Obtaining Turkish residence: one of the most important advantages of registering a company in Turkey is the possibility of obtaining Turkish residence for yourself and your family members.
• Tax exemptions: The Turkish government has provided several tax exemptions for foreign companies.
• Access to new markets: Registering a company in Turkey allows you to access new markets in Turkey, Europe, and Asia.
• Reduced business costs: The costs of living and starting a business in Turkey are significantly lower compared to many European countries.
• Skilled workforce: Türkiye has a skilled workforce. You can easily take advantage of this opportunity.

Conditions for obtaining Turkish residence by registering a company:

As mentioned in the previous section, registering a company in Turkey is one of the ways to obtain residency in this country. In order to obtain Turkish residence through company registration, there are certain conditions that must be met by the applicants. These conditions generally include the following:

General conditions:

• Company activity: The company must be actively operating and have at least 3 full-time Turkish employees.
• Shareholder’s share: The applicant must have a significant share in the company. The minimum share required to obtain residence is 51%.
• Residence history: The applicant must have resided in Turkey for at least 183 days per year (equivalent to 6 months) in 2 consecutive years.
• Financial ability: The applicant must have the financial ability to support himself and his family members in Turkey. This financial capability is verified by providing bank documents, real estate documents, or other verifiable documents.
• No criminal record: The applicant must not have a criminal record.

Required Documents:

• Required Documents:
• Valid passport
• Clearances
• Documents related to the company (Articles of Association, Notice of Establishment, Business License)
• The employment contract of Turkish employees
• Bank documents based on financial ability Insurance
• Residence certificate

Procedures for obtaining residence:

1. Company registration in Turkey: The first step to obtain Turkish residence through company registration is to register the company in Turkey.
2. Hiring Turkish employees: After registering your company in Turkey, you must hire at least 3 Turkish employees full-time.
3. Obtaining a worker’s residence card: For your Turkish employees, you must obtain a worker’s residence card from the Turkish Foreigners’ Office.
4. Proof of financial ability: You must prove your financial ability to the administration of foreign nationals by providing bank documents, real estate documents, or other verifiable documents.Prove Türkiye Regi.
5. Providing a certificate of no bad background: You must submit a certificate of no bad background from your country of residence to the Turkish Foreigners’ Office.
6. Submission of residence certificate: You must submit your residence certificate in Türkiye to the Turkish Foreign Nationals Office.
7. Completing the residence application form: After preparing the necessary documents, you must complete the residence application form and submit it to the Turkish Foreigners Office.

important points:

• Keep in mind that the process of obtaining Turkish residence by registering a company may take time and requires continuous follow-up.
• You can get help from an immigration lawyer to speed up the residency process.
• The rules and regulations related to Turkish residency are changing, so before applying for residency, be aware of the latest rules and regulations.

Advantages of obtaining Turkish residence by registering a company:

• Obtaining permanent residence in Türkiye for yourself and family members
• The possibility of free travel to Türkiye
• Access to education and health services in Türkiye
• The possibility of buying property in Türkiye
• The possibility of investing in Türkiye
• The possibility of working in Türkiye

Disadvantages of obtaining Turkish residence by registering a company:

• A complex and time-consuming process
• Initial investment required
• The need to learn Turkish
• High competition in the Turkish labor market

Advantages and disadvantages of registering a company in Türkiye:

Registering a company in Türkiye, like any other action, has advantages and disadvantages. Among the advantages of registering a company in Türkiye, the following can be mentioned:

Advantages:

• Obtaining Turkish residence
• Tax exemptions
• Access to new markets
• Reduce business costs
• Skilled workforce
• Political and economic stability
• Adequate infrastructure

Disadvantages:

• Administrative bureaucracy
• Complex rules and regulations
• The need to learn Turkish
• High competition
• Inflation

last word

In recent years, Turkey has attracted a lot of attention as an attractive destination for investment and entrepreneurship. Relative political stability, a growing economy, and government incentives for foreign investment make the country a good place to start a business.

Company registration in Türkiye is one of the most popular investment methods in this country. This brings several benefits to investors, including residency, tax exemptions, and access to new markets.

The terms of company registration in Türkiye are generally simple and straightforward. However, in order to register a company in Turkey, it is necessary to meet some conditions, including being at least 18 years old, having citizenship of one of the world’s countries, not having a bad criminal record, providing a business justification plan, and having sufficient initial capital.

Company registration fees in Turkey depend on various factors such as the type of company, the number of shareholders, and the company’s activities. However, in general, it can be said that the costs of registering a company in Turkey are between 500 and 1000 euros.

Obtaining Turkish residence by registering a company is one of the main advantages of registering a company in Türkiye. In order to obtain Turkish residence through company registration, conditions such as company activity, having a significant share in the company, history of living in Turkey, financial resources, and no bad background must be met.

Registering a company in Türkiye has advantages and disadvantages. Among the benefits of registering a company in Turkey, we can mention obtaining residency, tax exemptions, access to new markets, reducing business costs, skilled labor, political and economic stability, and suitable infrastructure. Among the disadvantages of registering a company in Turkey are administrative bureaucracy, complex rules and regulations, the need to learn the Turkish language, high competition, and the inflation rate.

Ultimately, the decision to register a company in Türkiye is up to you. You should make the right decision considering your circumstances and the pros and cons of registering a company in Turkey.

If you intend to obtain the residence of this country by registering a company in Turkey, it is recommended to use the advice of an immigration lawyer and specialists in this matter.

Introduction of Kargar Consulting and Investment Company:

Kargar consulting and investment company with more than 14 years of brilliant experience in the field of investment and property purchase in North Cyprus and with more than 18 active branches in Iran, Turkey and North Cyprus, is ready to provide you with expert advice in the field of company registration in Turkey and obtaining residence in this country.

Using our experienced and expert team, we will do all the steps of registering a company in Turkey, including preparing documents, completing the relevant forms, and obtaining the necessary permits for you.

Also, our experienced experts will guide you in choosing the type of company, choosing the name of the company, and preparing a business plan.

By choosing Kargar’s consulting and investment company, you can go through the company registration process in Turkey with ease and benefit from the benefits of this action.

Contact us for more information and free consultation.