Turkey: A Strategic Business Hub for International Investors

Turkey has become one of the most attractive destinations for foreign entrepreneurs and international companies. Located between Europe, Asia, and the Middle East, Turkey provides access to a market of millions of consumers, advanced logistics networks, a skilled workforce, and competitive operating costs.

Foreign investors are allowed to establish companies in Turkey under the same conditions as Turkish citizens. In many sectors, 100% foreign ownership is possible, and a local partner is generally not required.

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Can a Foreigner Own 100% of a Company in Turkey?

Yes. Foreign individuals and foreign companies can generally establish and own a Turkish company with 100% foreign capital.

The most common company structures preferred by international investors are:

• Limited Liability Company (Ltd. Şti.)
• Joint Stock Company (A.Ş.)
• Branch Offices
• Liaison Offices (for specific non-commercial activities)

The right structure depends on your business model, investment plans, and long-term strategy.

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Step-by-Step Company Formation Process in Turkey

1. Choosing the Right Company Type

The first step is deciding which legal structure fits your investment goals. A Limited Company is usually preferred by small and medium-sized businesses due to its practical structure.

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2. Preparing Company Documents

The required documents generally include:

• Passport copies of foreign shareholders
• Power of Attorney (if applicable)
• Company information and business activities
• Articles of Association

Foreign documents may require notarization, translation, or apostille procedures depending on their country of origin.

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3. Trade Registry Registration

The company is officially established through registration with the Turkish Trade Registry system. After registration, the company obtains its legal identity and can start completing operational procedures.

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4. Tax Registration and Accounting Setup

After incorporation, companies must complete tax registration and establish proper accounting compliance.

Foreign-owned companies in Turkey may have obligations related to:

• Corporate Tax
• Value Added Tax (VAT)
• Withholding Tax
• Payroll and Social Security obligations

Professional accounting support is essential to maintain compliance with Turkish regulations.

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How Long Does It Take to Open a Company in Turkey?

The duration depends on the company structure, document preparation, and administrative procedures. In straightforward cases, company formation can often be completed within a short period after all required documents are properly prepared.

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Common Mistakes Foreign Investors Make

Many foreign entrepreneurs focus only on company registration and overlook post-formation obligations.

Common mistakes include:

❌ Choosing the wrong company type
❌ Ignoring tax and accounting responsibilities
❌ Delaying corporate bank account preparations
❌ Not reviewing work permit requirements for foreign managers or employees

Proper legal, financial, and tax planning can prevent costly mistakes.

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Why Work with Professional Advisors in Turkey?

Starting a company in a foreign country requires more than submitting documents. Investors should consider legal compliance, taxation, accounting, payroll, and future business operations.

At What Is Your Request, our team of lawyers and certified public accountants provides complete support for foreign investors, including:

✔ Company Formation
✔ Tax & Accounting Services
✔ Financial Consulting
✔ Work Permit Guidance
✔ Legal Consultancy
✔ Business Establishment Support

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Start Your Business Journey in Turkey Today

Turkey offers significant opportunities for global entrepreneurs. With the right professional guidance, your company formation process can become faster, safer, and fully compliant.

Contact What Is Your Request today and discover how we can help you establish and grow your business in Turkey.