Table of Contents
Introduction to the Benefits of Establishing a Company in Turkey
Establishing companies and entering the business world in Turkey is a dream for many people. If you wish to start your own career in Turkey, we at Turk Easy will provide you with a series of information to keep you fully informed in this field.
Establishing a Company in Turkey
Establishing a company in Turkey is a right and procedure guaranteed by Turkish law and is conducted through the Ministry of Commerce and the Ministry of Treasury and Finance in Turkey, as well as the various chambers of commerce and industry and tax offices in different provinces.
Legally, a trade registry is issued for the company you wish to create, with a complete file of official documents, which will allow you to engage in commercial, professional, and industrial activities, whether you wish for the company to remain only in Turkey or to expand your business outside Turkish territory and open several branches in the future.
Investment Climate in Turkey
The investment climate in Turkey is very favorable, especially since the Turkish government provides many facilities for those wishing to invest on its land, whether they are Turkish or foreign, in commercial activities, industrial activities, or investors in general. Many conveniences are provided, especially during the initial establishment of the company and the process of obtaining the necessary licenses to start the project.
The Turkish government aims to attract the largest number of investors, overcome obstacles, and remove difficulties that prevent the start of their commercial or industrial projects in Turkey. Therefore, it is considered a safe environment for various investments.
Work Environment in Turkey
The work environment in Turkey has many advantages, making the country an important and prominent investment destination. Therefore, businesspeople are attracted to enter the Middle Eastern market through the safest doors.
Some of the notable advantages of investing in Turkey include: geographical location, skilled labor availability, relatively low production costs, highly reputable Turkish products, ease of shipping to neighboring markets, legal support for investors, and low taxes.
Advantages of Establishing a Company in Turkey
Now, here are the main advantages you will experience when establishing a company in Turkey:
- Fast Procedures: You can complete the licensing procedures for your company and receive your official trade registry documents within a few working days.
- Low Costs: The low cost of establishing a company in Turkey, as well as the reduced monthly expenses for new companies, are among the most significant advantages.
- Multiple Activities: You can engage in multiple business activities and establish various commercial or industrial activities under a single trade registry.
- Easy Banking Transactions: There is significant freedom for investors, especially new ones, to deposit and withdraw money from banks, as well as the ease of opening a bank account for individuals or companies.
- Company Location: If you do not yet have an office, you can register and establish a company in Turkey with a virtual address or even use your residential address and modify it later.
Requirements for Establishing a Company in Turkey
Several factors need to be considered when establishing a new company in Turkey, including:
Establishing a new company in Turkey requires specific and simple documents: a valid passport copy and two personal photos.
You will receive all the official documents for your new company within just 48 hours.
Costs of Establishing a Company in Turkey
The costs of creating or establishing a new company in Turkey vary depending on several factors, including the type of company, the partners involved and their nationality, the purpose or objective of the company, the size of the company's capital, proficiency in Turkish, or the presence of a sworn translator.
Costs are also determined by the company’s location or its virtual address, and there are certainly expenses and fees associated with the consulting company that will manage your affairs and provide various services.
