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Company Formation Guide
Turkey Company Formation
Mirr Asia provides Turkish company formation, accounting, tax, office management, and other services necessary for setting up a company in Turkey at the lowest possible cost. Contact us now!
Overview · 01
Turkey Limited Liability Company (LLC) Establishment Guide
Basic Establishment Requirements:
- Shareholders: At least one individual or legal entity (foreign individuals or foreign legal entities may also be registered as shareholders)
- Minimum Capital: 50,000 TL (Turkish Lira / approximately USD 1,280) or more
Total Cost of Turkey Company Establishment Services
USD 5,800
The details of the Turkey company establishment process are as follows:
1) Initial costs related to establishment: USD 800
- Local translation and notarization costs
- Trade registry office fees
- Capital contribution account opening costs
(* This cost is based on two individual shareholders/directors. For corporate shareholders or three or more individual shareholders/directors, translation and notarization costs will be adjusted upward.)
Services · 02
Company Establishment and Post‑Registration Services
2) Company establishment service fees, post‑registration fees, and operating account setup fees: USD 5,000
a. Company establishment
- Preparation of board resolution and power of attorney for company establishment
- Preparation of articles of association in accordance with Turkish industry codes
- Additional local translation and notarization fees
- Submission of company establishment documents to the Trade Registry
- Obtaining a potential tax number
- Application for registration in the MERSIS (Central Trade Registry System)
- Approval of legal documents for a limited liability company (LLC) at the Commercial Registry Office
- Application to the Commercial Registry Office and publication of the company establishment notice in the Commercial Registry Gazette
b. Post‑establishment procedures
- Preparation of signature forms for the limited liability company (LLC)
- Tax registration with the Tax Office
- Application to the social insurance agency
- Attend tax audit at the Tax Office
- Obtain official UETS (Universal Electronic Notification System) address
- Apply for E‑TUYS (Electronic Incentive Application and Foreign Capital Information System) system
c. Handling of operating account opening
- Prepare documents for operating account opening
- Provide basic consultation on account opening
d. Annual registered address service fees
Process · 03
Establishment Procedure
- 1Provide the required documents for establishing a company in Turkey
- 2Conduct KYC (Customer Information Verification) procedures and issue an invoice
- 3After confirming the costs, prepare a power of attorney and board resolution (an Apostille is required for the power of attorney)
- 4Conduct local translation and notarization procedures
- 5Register with the Trade Registry Office
- 6Opening of the capital account
- 7Tax registration and social security registration
- 8Opening of the operational account
- 9Obtaining the business license (Additional costs will be charged if a separate license is required)
Requirements · 04
Timeline & Required Documents
Estimated time required: (from the date of obtaining all documents) minimum 3‑5 weeks
Required documents:
- Scanned copies of passports with apostille and two original copies for each individual shareholder/executive
- Proof of English address for each individual shareholder/executive
- One passport photo for each individual shareholder
- Power of attorney (to be provided later)
Pricing · 05
Separate Quote
Accounting Services
USD 1,800/month (including monthly tax filings and annual tax filings)
Including advisory services on tax regulations, labor laws, basic operational structure, etc.
For limited liability companies, if two of the following three conditions are met for two years, they are exempt from audit regulations.
- a. Total assets: TRY 3 million or less (approximately USD 76,000)
- b. Total revenue: TRY 6 million or less (approximately USD 150,000)
- c. Total number of employees: 150 or fewer