Establishing companies in Turkey

Many traders, when they think of opening a company in Turkey, see that it is very difficult and requires a lot of papers, but Karim Legal Consulting Group can facilitate all the documents required by the Turkish government and let us learn about the types of companies establishment in Turkey.

When starting to establish a company in Turkey, the type of company to be established must be determined, as there are several types of companies that differ according to the size of the company and its responsibilities, and they are as follows:

1. Limited Liability Companies:

This type of company is for small and medium business owners and to establish this type of company, it is necessary to have at least one founder person.

The minimum capital of the company is 10,000 TL for one person and 12,500 TL for two people.

2. Shareholding companies:

The company's capital is divided into several shares that are distributed to shareholders.

The establishment of this type of company requires the presence of at least five shareholders.

The minimum share capital of the company is 50,000 TL.

Public limited companies can carry out any type of commercial and industrial activities permitted by Turkish law.

3. Simple recommendation companies:

This company was established to operate a commercial project under a specific financed commercial name and it is only a legal institution.

There is no minimum capital required.

The liability of any of the shareholders is limited to the capital subscribed and paid by the shareholders.

The regulations define the rights and obligations of shareholders.

Advantages of establishing a company in Turkey:

When you establish a company in Turkey, you get the following advantages:

• The market is ranked among the top 20 economic markets in the world and enjoys great purchasing power.
• Ease of marketing your product or services within the European Union or the Middle East.
• Ease of the export process because the Turkish government exempts exports from any investment taxes in Turkey.
• Medical insurance for you and your family with free treatment in all state hospitals.
• Schools and universities are free for your family members.
• Social security, an amount granted by the Turkish government in the event your company closes or loses, but the company must remain in effect for at least two years and not set up a shell company.
• Obtaining a merchant card in Turkey, which allows you to get all the information about tenders and exhibitions in the country.

There are many advantages that you will get by establishing a company in Turkey, and you can benefit from all the offers offered by Karim Legal Consulting Group, and we can provide all papers from translation to submission until the completion of the establishment of the company.