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Frequently Asked Questions

Answers to the most frequently asked questions about doing business in Turkey

Company registration
How long does it take to register a company?

With proper document preparation, it takes 3 to 7 business days. If you need to rush, we can expedite the process.

Do I need to come to Turkey for registration?

Company formation in Turkey can be completed remotely under a notarized power of attorney, eliminating the need for the founder’s physical presence. Bank account opening is subject to compliance procedures and may require a visit to Turkey, depending on the bank’s internal policies.

How much does it cost to open a company?

The turnkey registration cost is calculated individually and depends on the company type and structure complexity. The cost includes: government fees, charter preparation, NACE code selection, MERSİS registration, and tax identification number acquisition.

What is the minimum share capital required to register a company in Turkey?

The minimum share capital required to register a company in Turkey depends on the type of company.

For a Limited Şirketi (LTD, equivalent to an LLC), the minimum share capital is 50,000 Turkish lira. It does not have to be paid in immediately — Turkish law allows the capital to be contributed within 24 months after company registration.

For an Anonim Şirket (A.Ş.), the minimum share capital is 250,000 Turkish lira. A portion of the capital is typically paid at the time of registration, while the remaining amount can be contributed later.

In practice, founders often set a higher share capital than the minimum required to facilitate bank account opening and support international operations.

Bank accounts
Why might a bank refuse to open an account?

The main reasons are: incorrect NACE codes, questionable company structure, lack of a business plan, and insufficient documentation. I prepare everything according to bank requirements.

What is MASAK and why is it important?

MASAK is Turkey's financial monitoring agency. They monitor transactions for compliance with the law. I adjust compliance according to their requirements.

Is it possible to open an account remotely?

Yes, some banks allow you to open an account remotely. However, this depends on the type of business and the amount of transactions.

Accounting and taxes
What taxes does a company pay in Turkey?

Key taxes in Turkey include corporate income tax (25%), VAT (1%, 10%, 20%), payroll-related taxes, and stamp duty. We structure and optimize your tax model within the legal framework, ensuring full compliance with Turkish legislation while minimizing tax exposure and supporting efficient international operations.

We structure and optimize your tax model within the legal framework, ensuring full compliance with Turkish legislation while minimizing tax exposure and supporting efficient international operations.

How often do you need to file returns?

VAT is paid monthly (by the 26th), corporate tax is paid quarterly in advance and an annual tax return, and salary is paid monthly. I keep track of all deadlines.

What happens if I am late with my declaration?

Fines and penalties. Additional sanctions may apply for repeat violations. I ensure timely submission of all reports.

International operations
Can a Turkish company be used for international transactions?

Yes. A Turkish company can engage in international trade operations if all processes are strictly regulated and comply with banking requirements. I set up a transparent model: correct NACE codes, legal contracts, shipping documents, MASAK control, and proof of origin of funds. This work complies with all regulations.

How does export-import work?

You need accurate invoices, customs documents, and contracts. I support the entire process, from document preparation to payment receipt.

Are there any restrictions on transfers abroad?

There are no restrictions, but the bank verifies every transaction. Proper documentation is required.

Cooperation
How is working with you?

You send a request → I examine the situation → I propose a solution → we sign a contract → I do the whole process. You receive the result and a full package of documents.

How do you approach responsibility?

I am responsible for the quality of my work. If an error is my fault, I will correct it at my own expense. All processes are documented.

How much does monthly support cost?

The cost is calculated individually depending on the volume of transactions, the number of employees, and the complexity of the structure. Basic and VIP packages are discussed during the consultation.

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