In brief
Setting up a Turkish company involves three kinds of cost: capital that stays in the company, one-off set-up costs, and monthly running costs for compliance. Registration itself can be done in a day; most foreign investors should plan for one to three weeks from start to a working bank account.
Capital
| Limited company (Ltd. Şti.) | Joint stock company (A.Ş.) | Branch | |
|---|---|---|---|
| Minimum capital | TRY 50,000 | TRY 250,000 (TRY 500,000 under registered capital system) | None |
| When paid | Within 24 months | 25% of cash capital before registration, rest within 24 months | Funded by the parent |
Capital is not a fee. It is paid into the company's account and can be used for the business.
One-off set-up costs
| Item | Notes |
|---|---|
| Documents prepared abroad | Notary, apostille and courier in your home country |
| Sworn translation and notarisation in Türkiye | Passports, powers of attorney, parent company documents |
| Trade registry and gazette fees | Set by the chamber of commerce and revalued yearly |
| Competition Authority fee | 0.04% of capital |
| Notary fees in Türkiye | Signature declarations and, if used, articles of association |
| Statutory books, e-signature and e-ledger set-up | One-off set-up plus annual renewals |
| Adviser fees | Legal and accounting support for the whole process |
Monthly running costs
| Item | Why you need it |
|---|---|
| Accounting and tax filings | Monthly VAT and withholding returns, quarterly advance tax, annual return |
| Payroll | Payslips and social security filings, if you employ anyone |
| Registered address | Office, co-working or virtual office accepted by the tax office |
| e-Invoice and e-ledger services | Integrator or portal fees |
| Bank fees | Account and transfer charges |
Timeline
| Stage | Typical duration |
|---|---|
| Choose the structure, name and address | 1–3 days |
| Prepare, notarise and apostille documents abroad | 3–10 days, depending on the country |
| Courier, translation and tax numbers in Türkiye | 2–5 days |
| Company registration | 1 day once documents are ready |
| Tax registration and tax office inspection | A few days after registration |
| Corporate bank account | A few days to a few weeks, depending on the bank |
The slowest steps are usually documents from abroad and bank account opening.
Ways to save time and money
Prepare all foreign documents in one batch.
Use one power of attorney that covers registration, bank and tax office steps.
Choose the right entity first; converting later costs more.
Agree a fixed monthly compliance fee from day one.
Get a fixed quote for your company.
Tell us your structure and plans and we will send a fixed price for set-up and monthly compliance.
This page provides general information and is not legal or tax advice. Every situation is different; talk to us before you act.