In order to work officially in The Republic of Turkey, you need to find a commercial company.
Regency Group can help you in this case, moreover, we can provide you with appropriate consulting in order to recruit accountants, administrators, and technicians; etc.
Turkey is taking a big step into the business world and finance at a fast pace and high rate, and it deserves to exist as a commercial body according to the economic statistics. There are facilities to the investors and the way it acts with both Arabian and foreign markets openly. Turkish manufacturer is a trademark for its productions’ high qualities which is more than its counterparts such as China, Taiwan, and Thailand.
First of all, the company’s headquarters
According to the Turkish Law, to establish a company in Turkey, the company’s headquarters must be exist.
There are two options to get either a virtual or a real headquarters:
The capital of the company is the main point, where the Turkish law specified that to verify a company the minimum capital should be 10.000 Tl. This amount of money cannot provide you any power, Because the Turkish law deals with the company according to its capital value, so we will announce that the capital is 100.000 and it is useful for you to:
NOTE: It is not necessary to deposit the capital in the bank during the establishment process, the amount has to be deposited before applying for the work permit or within 24 months from the date of establishment.
You will gain multiple benefits such as:
We ensure that all formalized processes and procedures for establishing your company in Turkey are fully completed and authorized without any hidden fees.
We provide you with a free virtual address, which is 100% legal address up to 2 years so you can start your business in Turkey immediately, and then you could have enough time to determine the appropriate place without rush. After that, you can change your address easily, or you can continue using the virtual address, but with an additional cost that will be explained later.
Merchant Card: Provides “trader cards” for those people who identifying them as an owner of a business in Turkey, in addition to the benefits of getting conductions for some hotels, restaurants, and health centers.
Before establishing a company, we have to specify the Type Of Company we would like to develop,
We’ve talked about the companies types in Turkey, the different sort of companies depend on the companies size as the following:
REGENCY GROUP doesn’t ask for any special documents… all what you need that you have valid passport, we will get all required documents for you, as:
REGENCY GROUP will help you to appoint a bookkeeper (legal accountant) and suggests some accountants we trust and work with.
Helping you to get furniture for your office according to your specifications and budget.
50% discount on your website and mobile application development.
NOTE: All the services which have been mentioned above, will be provide according to the package that you will choose.
First: The Book Keeper
The Book keeper is a person who responsible for the company’s accounts in front of the state and not the internal accountant of your company
The role of this accountant that comes to the end of each month and receives your invoices, expenses, and purchases and records them with the state, The Turkish law requires the presence of this accountant, and the absence of a statement may lead to the closure of the company.
The accountant will cost you about 500TL per month.
Second: The Company’s Books
The Company’s Books are the books in which the Company’s accounts are recorded and delivered to the State at the end of the year, the cost of the books is 1400 TL annually.
Third: Corporate Tax
Including annual taxes, quarterly taxes, and rent taxes and The total costs of these taxes are from 2000 to 3000 TL yearly.
First stage: The Executive Stage
REGENCY GROUP will organize a meeting for you with the auditor to discuss the best choices for the company, the session will take about one hour.
Through this time, the establishment contract of the company will be made. It will specify the manager, the activities and the address.
Second Stage: Tax Circuit
After completing the establishment contract and get it ratified, REGENCY GROUP will get a tax number for the company.
Third Stage: opening bank account for the company
You will able to deposit the company’s capital, then having a deposit receipt.
Now our representative will complete all procedures with trade chamber till getting the registered number of the company.
Fourth Stage: Signature ratifying
After inquiring all requirement documents, you should ratify your signature in the presence of the notary.
First level
Communicate with one of the experts in REGENCY GROUP and determine the initial information of the company, including the name, the partners, the shares, the fields of activity of the company, and the company’s announced capital.
Accordingly, the company’s article of incorporation will be prepared and submitted to the Chamber of Commerce.
The company’s article of incorporation is a document that includes a set of terms and conditions that are agreed by the founding partners to be submitted to the Chamber of Commerce to register the company and extract the commercial registry for it.
Second level
Doing power of attorney (POA) for one of the investor representatives, or for one of the experts in REGENCY GROUP at the Turkish Embassy in the investor’s country, and sending the (original file) of the power of attorney (POA) to REGENCY GROUP address in Turkey to initiate the incorporation procedures.
The power of attorney (POA) form will be sent to you by the specialist you communicate with at REGENCY GROUP.
The power of attorney (POA) is an official document that will be done at the notary or at the embassy of a certain country outside in which a specific entity or a person is authorized by another entity or another person to carry out specific procedures that are determined in the power of attorney (POA).
Third level
After extracting the necessary documents from the Chamber of Commerce in Turkey, a copy of the documents will be sent to the investor by REGENCY GROUP to be submitted to the Turkish Embassy to do the authorization signature as a company owner and work, and another power of attorney (POA) for the chartered accountant (book keeper) in Turkey, which will be arranged by REGENCY GROUP and resend the (Original extracted files) to Turkey.
Authorization signature is an official document that will be done at the notary or at the embassy of a specific country abroad based on the extracted documents from the Chamber of Commerce, that contains company information in general in addition to the official signature of the partners or the owners of the company, and it is used in any transactions related to the company.
Last level: Opening the company’s bank account
The procedures for opening a bank account is different from one bank to another. Some banks can open a company account through the power of attorney (POA) and others require the personal presence of the investor.
After all these procedures, your company will be officially registered in Turkey.
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