Asia
Limited liability company · 0.04% of capital to the Competition Authority · other fees extra · pay subscribed LLC capital within 24 months
Same rights as local investors · a few sectors limited
Foreign investors can set up and own companies on the same terms as Turkish investors. Nationality limits on shareholders and managers apply only in specific sectors such as broadcasting, maritime and civil aviation.
Foreign managers allowed · sector exceptions apply
Shareholder and management nationality is unrestricted outside specified sectors such as broadcasting, maritime and civil aviation. Non-Turkish board members need a potential tax number before registration.
0.04% of capital to the Competition Authority · other fees extra
This contribution is one formation charge, not the total setup price. Obtain the registry and document-cost breakdown for the chosen company.
25% corporate tax · 10% domestic minimum
The minimum uses commercial profit plus non-deductible expenses, with specified adjustments. First-time businesses are exempt for three accounting periods; companies formed through mergers or restructuring do not receive that exception. Sector-specific rates differ.
Ecosystem evidence, not proof of demand for your product. Validate customers, competition and economics before investing.
The Investment Office describes transport connections and regional management and production roles. Check customs arrangements and delivery costs for the intended corridor.
Component manufacturers can assess local suppliers and vehicle-production relationships without assuming orders.
A branch is not a separate legal entity, can only pursue the parent’s purposes and needs a resident representative with power of attorney. A limited or joint-stock company gives shareholders limited liability.
A foreign company can open a liaison office with a licence from the Ministry of Industry and Technology, decided in about 15 working days. The office cannot trade, and market-research licences are not extended.
Submit formation documents through MERSIS and the Trade Registry. Foreign shareholder records need the stated translation and certification.
The LLC rule differs from the advance-deposit rule for a joint-stock company. Set a funding plan that meets the subscribed commitment.
Foreign shareholder documentation must meet the stated translation and certification requirements.
The Turkish company files the work-permit application online with the labour ministry, attaching the contract, diploma and company accounts. Shareholders in senior roles can qualify as key personnel.
Foreign shareholders and board members need potential tax numbers from a tax office before the company bank account can be opened. Joint-stock companies pay 25% of capital before registration.
National observations help frame the market. They do not measure demand for your specific product.
3.6%
2025
89.8% of population
2025
49.9% of GDP
2025
85.9m
people · 2025
US$1.6tn
USD · 2025
Tell us what you sell, where you operate and what you want to achieve.
Information on this page is compiled from official and public sources, linked and dated next to each item. It is general information, not legal, tax or financial advice, and rules change. Please confirm with the source or a qualified adviser before acting. ExpandUs Global accepts no liability for decisions made using this information.
