COMPANY TYPES IN TURKEY

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COMPANY TYPES IN TÜRKYE

Starting a business in Turkey has many benefits for foreigners. For instance, over time,

Government incentives for foreign investment have increased. This makes investors question the

benefits of launching a business in Turkey. Due to the investment climate, which requires not only an

economic but also a suitable legal climate, it is imperative to have a clear, understandable and

transparent direct investment legislation that takes into account the needs and expectations of foreign investors. However, we act as an intermediary for you in various business lines and investment types.

and we initiate your investments within the legal framework and according to the business environment in Türkye.

We are establishing real estate, collective, limited partnership, joint stock, limited liability and

cooperative companies in accordance with the Implementation Regulation of the Foreign Direct

Investment Law, and we are at your side with our expert staff in the investments made in these

companies. The most preferred among these company types are limited liability companies and joint

stock companies. Although other company types still exist by definition, these two types

stand out in terms of functionality. You came to Turkey because you wanted to make an investment and establish a company, but what are the stages?

Investing in Turkey: Step by Step

1. First of all, the company's articles of association are duly prepared.

2. Articles of Association and minutes are sent via MERSIS.

3. After the documents are prepared and completed, they are approved by the notary public.

4. The potential tax number for the company is obtained from the tax office to which the

company is affiliated.

5. When establishing a joint stock company and limited liability company, 0.04% of the

company's capital is deposited into the Competition Authority's bank account and 25% is

deposited into the company's bank account.

6. An application is made to the Trade Registry Office to ensure the registration procedures.

7. The legal books of the company are certified by the Trade Registry Office and a notary public.

8. The establishment statement of the company is requested from the relevant tax office.

9. A circular of signature is issued by the authorised personnel at the Trade Registry Office.

10. Necessary documents about the company are transferred to the e-TUYS (Electronic Incentive

Application and Foreign Capital System) system.

Looking at the statistics, the types of investments and companies that foreigners who come to Turkey make especially tend to be;

● Real estate companies

● Free zones

● Organised industrial zones

● Technology development zones

There are government incentives in these areas, and one of the incentives is double taxation.

agreements and Free Trade Agreements. These agreements are with Albania, Bosnia and

Herzegovina, Chile, Croatia, Egypt, Georgia, Iceland, Israel, Jordan, Lebanon, Liechtenstein,

Mauritius, Macedonia, Montenegro, Morocco, Norway, Palestine, Serbia, South Korea, Switzerland,

Syria, Tunisia. It allows trade between countries and Turkey without being subject to customs duty.

Agriculture in Turkey

We can take agriculture as another sector. Since Turkey's geopolitical and geographical

location offers great opportunities for agriculture and agricultural investments. In recent years, many

investors from Turkey have come to Saudi Arabia and imports in agriculture have been revived with

government incentives.

According to the statements of Turkey's Investment Promotion Agency consultant, the value of

Turkey's agricultural exports to Saudi Arabia increased by 55 percent last year. The value of Saudi

Arabia's imports of Turkish agricultural products rose from $108 million in 2015 to $168 million last year.

year. The reasons for the increase were the frequency of delegation movements and the holding of

joint meetings between the leading business people of the two countries. Investing and operating

Agricultural lands are now a golden opportunity to profit from this partnership between countries.

Health Tourism in Turkey

Turkey ranked 7th among world tourism destinations with 27 million tourists in 2010, and

rose to 6th place in 2011 with 29 million tourists. In the field of health tourism, especially private

hospitals and the private sector have made serious breakthroughs and served 83% of all international

patients, 91% of medical tourists, and 68% of patients within the scope of tourist health in 2012. The

development of the health tourism sector has an important place in the rapidly developing Turkish

economy. When the natural and human resources of the Turkish economy are combined with the right

policies, it creates an open field for health tourism, as in all other tourism areas. Especially since those

When people who come for health tourism come with their families and friends, it is necessary to consider the

multiplier effects of the companions

It is our responsibility to make sure your investments in all of these sectors are made on

entirely legal basis. The key to making the best possible investment in Turkey is to adhere to the

necessary procedures and requirements. Our business, which has made it its goal to assist you through

all of these procedures, with the support of our knowledgeable employees, are excitedly awaiting the

arrival of new investors across all industries