In this article, we aim to explain 2024 Company Establishment Cost in Turkey in Turkey. The cost of establishing a company in Turkey can vary depending on several factors such as the type of company, capital requirements, legal fees, and administrative expenses.

2024 Company Establishment Cost in Turkey may vary depending on the type of company and the services required. For example, the minimum capital amounts for joint-stock and limited liability companies have been updated for 2024 and beyond. Additionally, there are various fees related to company establishment, such as Trade Registry Fees. It is advisable to consult with relevant government agencies or legal advisors to obtain detailed and specific information on the cost of establishing a company in Turkey in 2024. The Republic of Turkey’s Investment Office provides information on the investment climate, incentives, and the cost of doing business in Turkey.

2024 Company Establishment Cost in Turkey as a general guideline, here are some typical costs associated with company establishment in Turkey:

1. Trade Registry Fees: These fees are paid to the local Trade Registry Office and can vary based on the company type and capital. What is the government fees of setting up a company in Turkey in 2024? The total amount of the government fees of establishing a company in Turkey is approximately ₺10.000,00 (appx. $320), excluding the service fee of professional and notary expenses.
2. Notary Fees: Notary fees are required for notarizing company documents such as articles of association and board resolutions. The costs can vary depending on the number of documents and pages.
3. Legal and Consultancy Fees: Many companies seek the assistance of lawyers or consultancy firms to handle the legal and administrative processes of company establishment. The fees can vary depending on the complexity of the process and the services provided.
4. Capital Requirements: Some company types in Turkey, such as joint-stock companies (A.Ş.), have minimum capital requirements. The specific amount depends on the type of company and the industry. The required capital needs to be deposited in a Turkish bank account.
5. Tax and License Fees: After company establishment, there may be additional costs related to tax registration, obtaining licenses and permits, and fulfilling other regulatory requirements.

It’s important to note that these costs are approximate and can vary based on individual circumstances. To get accurate and up-to-date information on the company establishment costs in Turkey, it’s recommended to consult with a local business advisor, lawyer, or contact the Turkish Trade Registry Office.

What is the cost of setting up a company in Turkey in 2024?

The cost of setting up a company in Turkey can vary depending on several factors, including the type of company, the capital requirements, legal and administrative fees, and professional services you might need. Generally, you can expect to incur costs such as registration fees, notary fees, tax registration fees, and legal and accounting fees.

For example, the registration fee for a limited liability company (LLC) in Turkey is typically around 0.5% of the company’s capital. Notary fees for drafting and notarizing the company’s articles of association can range from a few hundred to a few thousand Turkish Lira. Additionally, there may be costs associated with obtaining necessary permits and licenses.

It’s important to note that these costs can change over time and can be subject to legal and regulatory updates. I would recommend consulting with a legal or business professional in Turkey or referring to the official governmental sources for the most accurate and up-to-date information regarding the specific costs involved in setting up a company in Turkey.

Which Countries Can Establish a Company İn Turkey?

Companies from all countries can set up a company in Turkey. Turkey encourages foreign investments and provides a favorable environment for international businesses to establish their presence in the country. There are generally no restrictions on foreign ownership or limitations on the types of industries in which foreign companies can operate.

However, it’s important to note that certain sectors such as banking, insurance, energy, and telecommunications may have specific regulations and requirements for foreign companies. These sectors may require additional permits, licenses, or approval from relevant authorities.

Foreign companies looking to establish a presence in Turkey may consider seeking guidance from legal professionals or local business consultants who can provide specific information related to their industry and assist with the company registration process.

How Much 2024 Company Establishment Cost in Turkey

2024 Company Establishment Cost in Turkey can vary depending on various factors such as the type of company, legal fees, registration fees, taxes, and other administrative expenses. It’s difficult to provide an exact figure without more information. However, I can give you a general idea.

For example, the minimum capital requirement for a limited liability company (LLC) in Turkey is 50,000 Turkish Lira (TRY). Other costs may include lawyer fees, notary fees, trade registry fees, tax registration fees, and translation fees if necessary.

Overall, the total cost of establishing a company in Turkey can range from a few thousand Turkish Lira to several thousand Turkish Lira, depending on the complexity of the process and the professional services required.

Please note that these figures are approximate and it’s advisable to consult with a legal professional or a business consultant to get more accurate and up-to-date information based on your specific requirements.

Establishing a Company With The Most Suitable Employees

Establishing a company with the most suitable employees involves a comprehensive hiring process and careful consideration of your business needs.

Full Services should be your first choice to establish a company at affordable prices in Turkey.