DOING BUSINESS IN TURKEY
Set Up a New Company in Turkey
0.04% of the company’s capital must be deposited into the institution’s bank account as “Competition Authority Share” for once. In addition, 25% of the capital committed in cash must be deposited into a bank account opened in the name of the company before the registration of the company. Following the payment of the amounts, the stage of signing and registering the articles of association shall be reached. after in trade registry office, the founders and persons authorized to represent is ready with the relevant documents, the last transactions shall be done.
With the approval of the establishment of the trade registry, the legal accounting books shall be delivered to the company official as sealed by the trade registry. As the information about the new company will be automatically transmitted to the tax office via the system, no additional application has to be made for registration to the tax office.
After all these registration procedures, an official from the tax office which shall be appointed according to the company’s address in Turkey, visits to confirm whether the company is. While this confirmation, the person authorized to represent, or an official employee of the company must be present at the address of the company.