Company Formation in Istanbul

Turkey is one of the largest countries in the world and its geographic location brings many benefits to those interested in starting a business here. Foreign investors can choose one of the prolific regions in which they can open businesses in tourism or agriculture, or they can decide for one of the largest urban areas in the country: Istanbul. At the moment, Istanbul is one of the most important business centers and one of the most open regions for foreign investments in Turkey.

Those who want to open companies in Istanbul can rely on our company registration consultants in Turkey.

How to open a company in Istanbul

The procedure of incorporating a company in Istanbul is no different than in other cities in Turkey and it lasts approximately one week if you submit the necessary documents at the local Trade Register. You will need the following documents:

• - articles of association, after they have been notarized;
• - the proof for the payment of 0.04% of the share capital to the Competition Authority;
• - the signatures of the directors and other persons authorized to represent the company;
• - the founders’ declaration;
• - a certificate from the bank proving the payment of the minimum capital share;
• - photos of the founders of the company.

You won’t have to go in person to Istanbul in order to register your company because you can request our company formation agents’ assistance and they will help you with the incorporation process. You will give them the power of attorney in order to act on behalf of you at the local Trade Register and take care of all the documents you need for opening your company.

In Istanbul, you may start four major types of companies:

• - limited liability company,
• - joint stock company,
• - commandite company,
• - collective company. 

You may choose the appropriate type of company according to your business. The most common type, chosen by many investors, is the limited liability company which is suited for small and medium businesses, while the joint stock company is more appropriate for large businesses.

If you want to benefit from the services of our accountants in Turkey, we recommend you contact us and discover the services we can offer you. Thus, we can implement procedures related to payroll, bookkeeping, annual financial statements, audits, and more. We have specialists who can guide you regarding the registration for the payment of taxes. On request, you can benefit from investment consultancy or complete financial and analysis reports for the company you own.

If you need a virtual office for your company incorporated in Istanbul, you may contact our specialists in company formation and they will offer you the tailored solution for your business, no matter if you need a prestigious business address or a common one. Additionally, you will benefit from professional services, such as:

• - a local fax number,
• - sending/receiving emails for your company,
• - incoming/outgoing faxes,
• - a local phone number etc.

Istanbul is the largest Turkish city and an important economic and cultural center. The city has a population of over 14 million inhabitants and represents one of the most crowded cities in the world. Istanbul has a total area of 5,343 square kilometers and lies between two continents: Europe and Asia. The city is very well connected to the main European towns and it is an attractive destination for tourists all over the world.

In 2010, Istanbul was the European Capital of Culture and it was visited by over 11 million foreign citizens in 2012. The economy in this city has grown year after year in a fast rhythm and many important Turkish companies have the headquarters located there.

Istanbul produces 27% of GDP in Turkey and it is the residence of 37 billionaires.

Our company registration and accounting services in Istanbul, Turkey

If you need company formation services in Istanbul, you can rely on our local advisors who can help you with the preparation of the incorporation documents and their filing with the Trade Register. One of the main benefits of asking for company registration services is the reduced timeframe related to the incorporation of the business.

Following that, we can also help you register for taxation and VAT purposes. Those interested in other services can also rely on us in accounting and bookkeeping matters. We can help with the preparation and filing of financial statements with the tax authorities. We can also advise the best tax minimization procedures.

Please watch our video on company formation services in Istanbul:

For full information on all the services available in Istanbul, please feel free to contact us. We also offer assistance in opening companies in other cities in Turkey.