Related to corporate registration in turkey
If I register a company in Turkey what benefits will I get?
Answer: after registering your company in turkey you can apply for residency permit easily, open bank account in any of the Turkish banks, benefit from wide range of their services such different types of loans, leasings, credit cards and so many other services, you can apply for any country’ visa easily from turkey, after 5 years of being resident in Turkey uninterruptedly you can apply for citizenship (Turkish passport) and so many other benefits which our consultants will inform you.
How is the corporate formation in Turkey?
Answer: Based on new Turkish regulations, since June 2014, foreign nationals can open company in Turkey without having a Turkish partner and corporate formation is possible even with only one foreign shareholder. Based on this new regulation the sole foreign partner also can be company manager himself.
I m a foreign national and I want to open a company and be the only shareholder and the only manager, is it possible?
How much is the processing fee for opening a company in Turkey?
Answer: opening a company in Turkey has two types of expenses. The first set of expenses are one-time expenses and the second set is monthly and yearly expenses. The one-time expenses include the company registration fees, monthly fees include accountant monthly payments, monthly office rental payment, and yearly fees is payment to the accountant to close the company’ s end year accounts.
Will I sign a contract with Parthiana for starting my corporate registration process?
What kind of documents do I need for corporate registration in Turkey?
Answer: It depends on the corporate shareholders’ structure our consultants will guide you about the required documents.
How long does it take for my corporation to be registered in Turkey?
Answer: It takes 7 working days for Parthiana international group to register your company in turkey.
How much is the value added tax in Turkey?
I want to open a restaurant in Turkey do I need to register a company in Turkey?
Answer: yes, for doing every kind of business in Turkey it is better to register at least a limited company.
I want to produce my products in my home country and only do the packing or relabeling it in Turkey and then export it other countries, is it possible?
Answer: yes, it is possible and you need to first register a company in turkey. The Turkish government even apply expoexportrds in these cases.
Can I open a bank account after register my company in turkey?
Answer: yes, you can open bank account for your company and each of the shareholders and managers in any bank in Turkey and benefit from the Turkish
banking system sevices such as internet banking which enable you open sub accounts in any currency (EURO, USD and GBP), transfer between your account, transfer to other banks accounts, receive money from all over the world, pay your bils, exchange foreign currency, trade in stock exchange and so many other transactions all through internet banking.
Do I need to rent an office for my company?
Answer: yes, you need to have a official address for your company. The office rets starts from TL 300. Our consultants will guide you how to manage your company expeneses to the lowest level at the beginning of your business in Turkey.
If I want to live in Turkey, do I need to have office in Turkey?
Answer: No, You need to use your home as your office as well, which they call it home office. However, the house contract needs to be on the name of company’s shareholder or managers.
How much is the minimum capital for registering a company in Turkey?
Answer: the minimum capital for registering a corporation in Turkey is TL 10,000 for limited comoany and TL 50,000 for private joint stock company. The minimum capital will be deposited in the compay’s bank account and can be withdrawn after company is registerd.
If I want to be my company’s manager in Turkey, do I need to apply for work permit?
Answer: yes, for having authorised signature in Turkey as foreigner you need to apply for work permit. However, for applying for work permit you need to increase the company’s capital to TL 200,000.
Do I need to pay the TL 200,000 at one shot to apply for work permit?
Answer: No, our consultants will guide you how to do it with lesser amounts.
What makes you different to other company formation agents?
Answer: Parthiana International Group offers unique corporate registration services. Our services include initial need evaluation sessions with the customers in order to understand the reason the clients have to establish a corporation in Turkey. Our team speaks fluent Turkish, Russian, English, Arabic, Farsi and Urdu.
Do I need to be a Turkish citizen or resident to form a company?
Answer: No. Anybody with a valid passport can form a company in Turkey.
Do I need to employ a Turkish citizen in my company?
Answer: If a foreign citizen wants to act as his newly established company manager he needs to apply for work permit. In that case for each work permit applicant 5 turkish citizens needs to be recruited.
Can I select whatever name I want for my new company?
Answer: Yes, our team will help you pick your company name suitable for the business you want to do in Turkey.
What are the Parthiana payment terms and methods for corporate registration?
Answer: We request payment of our full fee up front, before we begin work to form your company. We accept cash, bank transfer, or credit card.
What are the reasons to register a company in Turkey?
Answer: For foreigners to do business in Turkey thery need to register a company to so any kind of business.
These are included but not limited to do the following business in Turkey for foreigners:
Opening a restaurant in Turkey
Do export and Import in Turkey,
Open a branch in Turkey,
Open a Hotel/hostel/hotel apartment in Tutkey,
Open a tourism agency in Turkey,
Open a consultant Company in Turkey,
Open a company in Turkish free zones,
What are the top Reasons to Invest and Do Business in Turkey?
Answer: Travellers recently voted Istanbul the world’s top travel destination for 2014. However, Turkey is also an increasingly attractive place to invest and do business.
With 76 million people, $167.6 billion in exports, and $242.9 billion in imports, Turkey is hard to ignore in terms of sheer volume alone. Turkey has a very large domestic consumption base, which is attractive to businesses and investors alike. In the last five years, Foreign Direct Investment has grown from just over $1 billion per year to an average of $13 billion. Turkey has jumped up 16 spots on the World Economic Forum’s Global Competitiveness Index over the last decade, currently sitting at number 44 out of 148 countries ranked.
Here are the top reasons you should consider doing business in Turkey.
Turkey has experienced steady economic growth over the last decade. Combined with a young, educated and sizeable population, this means business opportunities in Turkey are positive and plentiful. Turkey’s geographic location means it is well positioned to become a regional hub for a range of sectors. Turkey has easy access to 1.5 billion customers in Europe, Eurasia, the Middle East and North Africa.
Around 37,000 companies in turkey have been established by foreigners, with around 22,000 operating out of Istanbul.
Favorable Taxes and Incentives
Businesses enjoy competitive tax rates in Turkey, with clear and understandable tax requirements. Companies established by foreigners and Turkish citizens are subject to the same tax system and payment obligations, with mechanisms available to dispute tax assessments. The Turkish government has established special investment zones to actively encourage business development via significant tax advantages and infrastructure.
Government and Structural Support
The Turkish government has steadily removed restrictions on foreign investment to create an investor-friendly environment. Customs Unions and Free Trade Agreements further reduce barriers and costs for businesses. Recently introduced angel investment schemes mean that accessing local financing is also relatively straight-forward and increasingly easier for young companies.
The government has set itself lofty goals to reach by 2023, the 100th anniversary of the Turkish Republic being founded. These address a wide range of factors, but include aims to become one of the top ten economies in the world by 2023, as well as the fifth largest tourism destination.
In pursuance of these goals, the government has undertaken wide reaching structural reforms. These have been further motivated Turkey’s participation in an European Union accession process. In general terms, these reforms have increased the role of the private sector in the Turkish economy.
Equal Standing for Foreigners
Turkish citizenship or residence permits are not required to form a company in Turkey. When forming a company, foreigners and Turkish citizens face the same process, document requirements, and fees. Once a company is formed, foreigners also face the same rights and obligations. As a result, company formation in Turkey is a significantly simpler process than some other countries in the region, with far less onerous requirements on foreigners. There are also no minimum thresholds in Turkey regarding employing local staff, or establishing local partnerships.
What are the Customs regimes in Turkey while doing trade (import and export)?
There are eight customs regimes in Turkey, according to the local legislation:
Release for Free Circulation
Processing Under Customs Control
What Community Turkey is member for easy trade?
Turkey, member of Euromed
The Euro-Mediterranean Partnership’s (Euromed) goal is to promote economic integration among the 16 countries near the Mediterranean Sea and Turkey is one of members of this entity. These countries have signed free trade agreements in order to develop the economic relationships among them. In Euromed there are countries from Europe, Africa and Middle East and this partnership helped Turkey to extend its exports to the countries from Africa and Asia and grow its economy. The main products exported by Turks are: clothes, cars, agricultural products etc. In the recent years, once the economic crises have affected most of the European countries, Turkey developed exports to African, Asian countries and states that are members of the Organization of Islamic Countries.
Turkey is member of Economic Corporation Organization (ECO)
Along with other 10 member countries, Turkey is member of ECO organization. The member countries are:
Incorporate Companies in Turkey can benefit from Trade Facilities offered by ECO Bank.
Turkey is member of Black Sea Trade Development Bank (BSTDB)
Along with other 10 member countries, Turkey is member of ECO organization. The member countries are:
Registered Companies in turkey can benefit from Trade Facilities offered by Black Sea Trade and Development Bank.
Main Provider of Facilities for Exporter and Importers,
Turkish Exim Bank, recently extend USD 400 Mln to Iranian importer from Turkey.
ECO trade and Development Bank,
Black Sea Trade and Development Bank
European Bank for Reconstruction and Development,
Islamic Development Bank,