Turkey offers a dynamic and lucrative market for international entrepreneurs. Whether you're a small investor or a large multinational, starting a company in Turkey is both legally accessible and financially advantageous. In this guide, we explain how to start a company in Turkey as a foreigner in 2025.
Why Start a Company in Turkey?
- Strategic location between Europe, Asia, and the Middle East
- Large domestic market with over 85 million people
- Growing e-commerce and technology sectors
- Access to EU Customs Union and free trade zones
Legal Business Structures for Foreigners
Foreign nationals can choose from several company types in Turkey. The most common are:
- Limited Liability Company (LLC): Requires one or more shareholders, minimum capital of 10,000 TRY
- Joint Stock Company (JSC): Ideal for larger enterprises and investors; minimum capital of 50,000 TRY
- Branch Office: Operates as an extension of a foreign parent company
- Liaison Office: For non-commercial activities such as market research
Step-by-Step Process to Start a Company in Turkey
- Choose your company type (LLC, JSC, etc.)
- Prepare Articles of Association
- Obtain a Turkish tax number
- Open a corporate bank account
- Deposit minimum capital
- Register with the Trade Registry Office
- Obtain tax registration and social security number
Required Documents
- Passport copies of foreign shareholders
- Notarized signature declarations
- Company address lease agreement
- Articles of Association (in Turkish)
Can Foreigners Own 100% of a Company in Turkey?
Yes. Turkey allows 100% foreign ownership of companies. There is no requirement to have a local partner or shareholder.
Do You Need a Work Permit?
If you plan to work as a manager or employee of your company, a work permit will be required. Company owners can apply for a residence permit after incorporation.
Why Work with a Lawyer?
Starting a company in Turkey involves legal formalities and documentation in Turkish. A qualified English-speaking corporate lawyer in Turkey can handle the process efficiently, saving you time and avoiding costly errors.
Conclusion
Turkey is a business-friendly country for foreigners looking to launch their enterprise. With proper legal guidance and clear planning, establishing your company in 2025 can be a smooth and rewarding process.