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Company registration in Turkey
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Company registration in Turkey
One way to get residency in Turkey is to become an entrepreneur in Turkey by registering a company. Of course, registering a company in Turkey not only gives you a residence permit in this country, but also gives you a work permit at the lowest cost. There are different types of companies that you can register in Turkey, for example, they can be commercial, service, agency, manufacturing or contracting. Of course, you can also register your brand in this country and sell your products as a Turkish brand. It should be noted that there is no obligation to transfer money to Turkey, but you must open at least one bank account in one of the reputable Turkish banks.
If you are planning to register a company in Turkey for your stay or long-term goals, use the advice of our experts.
Ways to register a company in Turkey
By registering a company in Turkey, you receive a one-year residence permit, and fortunately you do not need to hire an employee and pay taxes. Hire your company and the tax is determined based on your company’s income and profits. All the shareholders of the company and the managing directors of the company in question can register the application for residence in Turkey at the Immigration Office immediately after the registration of the company by submitting the required documents. It takes about 2 months to get a residence permit in this country and during this period you do not need to be in Turkey, but fortunately you do not need many documents to receive a residence permit in Turkey and only one year insurance, four 4 in 6 photos, passport If it is valid for at least one year, your lease and tax number are sufficient to do so.
If you have several different and affiliated companies, everyone can get a work permit in Turkey. The taxes you have to pay are based solely on your income, meaning you will not need to pay taxes if the company you have founded is not profitable.
Reasons for investing and registering a Turkish company
Turkey has a dynamic economy that attracts a lot of foreign investors every year to register a company in this country. It is also expected to become one of the fastest growing countries among the members of the Organization for Economic Co-operation and Development (OECD), despite promising economic growth. In addition, Turkey has good incentives for foreign direct investment, especially company registration, and it benefits from a dynamic private sector.
Existence of appropriate infrastructure for company registration
Sufficient qualified workforce
Existence of a favorable tax system for foreign investors
Provide a variety of incentives to register a company in the free zones
It provides many incentives to register companies with R&D, strategic investments or large investments.
Types of companies to register in Turkey
A joint stock company commonly used by investors interested in starting big business in Turkey
A limited liability company, which can be private or public, but the private type is usually run by foreign entrepreneurs.
Limited Liability Company (Limited Liability Company) which is a non-participatory business form equivalent to a joint stock company in other countries
A collective company that, as before, is a non-participatory company and can only be registered by natural persons
Cooperative company which is one of the oldest and also one of the most popular companies in Turkey
Capital required to register a company in Turkey
The minimum capital required to register a limited liability company is as follows:
Minimum capital required to register a limited liability company: 10000 TL (Turkish Lira)
Minimum capital required to register a joint stock company: 50,000 TL (Turkish Lira)
For other companies, the minimum capital is not specified and the owners of the company are obliged to provide its capital after registering the company.
Among these, the limited liability company has the most commercial popularity in Turkey. At least one shareholder is required to register this type of company and in the initial stage the necessary stock capital must be deposited. Of course, the liability of shareholders is limited to the amount of capital invested in the company by them. Under Turkish law, a joint stock company must also have at least one shareholder and a mandatory board of directors. The liability of the members is limited to the amount of their investment in the company, and the remaining shares can be offered to the public by issuing the company’s shares on the stock exchange.
Documents required to register a company in Turkey
Copy of passport of the business owner.
Complete the required information form that will be provided to you.
Choose a suitable name for the company that can be in English, Persian or Turkish. (Do not forget that copyright is respected in that country.)
Enter the address and postal code of the employer in Iran
What is a franchise?
Franchising is one of the various forms of using the assets of a particular business. That is, in this method, a company allows another natural or legal person to access and use the assets of that company. Of course, this is done under specific contracts approved by both parties, and the agreements that are signed between the parties to the contract are called "concession agreements". By doing this, the recipient of the concession must pay an amount to the owner of the asset as a royalty. The mentioned assets are not only physical assets but also intellectual assets are among these assets. Such as the company name, copyright or expertise and technical knowledge of the company. For example, a restaurant in Istanbul uses the club's logo and team-specific color to decorate the restaurant space (such as prints on glasses, entrances, etc.) by paying a fee to the Liverpool club. Of course, lesser-known companies sometimes sell their agents at very low and almost free costs because they want to increase their customer base so that they can be more profitable as a result.
Stay in Turkey by purchasing a franchise
By buying a franchise in Turkey or European countries, you can get residency in these countries. One of the safest ways to get a residence permit in Turkey is to buy a franchise, but this is one of the most expensive methods. Of course, the amount of profit you make after starting a business should not be overlooked. Statistically, the average profit and net income is 50,000 to 60,000 euros or more. After purchasing an active business and starting your business in Turkey, you can refer to the Turkish Embassy as an applicant and submit your application by submitting the necessary documents for obtaining permanent residence in Turkey. At the same time, all family members, including spouses and children under the age of 18, will be granted permanent residence in Turkey. This process will not be a time consuming process and your request will be approved after going through the legal process.
Franchise purchase process in Turkey
People who want to buy a franchise in Turkey or get a company representative must attend training courses on setting up a brand branch to get acquainted with finance, management system, how to work with modern devices and… in Turkey. Applicants to start a business in Turkey, in addition to buying the brand of their choice, incur other costs, because the cost of starting a business is the responsibility of the franchisee, so do the necessary research before any action. Of course, the owners of the franchise you have purchased must give you the necessary and free advice at all stages of starting a business.
Cost of purchasing raw materials based on the type of franchise selected
Rent or purchase a property to launch a franchise that must be approved by the owner or owners of the brand you purchased the franchise from.
Cost of decoration and interior design
Cost of hiring an experienced and professional workforce
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