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Entrepreneurship andEntrepreneurship andBusiness PlanningBusiness Planning

Founding a LLC in TurkeyFounding a LLC in Turkey

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Why you should found aWhy you should found acompany in Turkey?company in Turkey?

Equal rights and liabilities as local investors.Low min wages, cost for employers.Active economy.Reaching new markets, in Turkey or via Turkey. (Iran)Investment incentives depending on investmentamount, region etc. (VAT exemption, custom dutyexemptions for machinery etc bought for the project)Special investment zones: technoparks, free zones.Double taxation prevention and bilateralagreements with Estonia.

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Why youWhy youshould notshould notfound? found?

Taxes, taxes, taxes.Somewhat unstablepolitical environment.Slow bureaucracy.You don't like torturingyourself.

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Company TypesCompany Types

1. Corporate: Joint stock company, limited liabilitycompany, cooperative company.

2. Non-Corporate: Collective company, commanditecompany.

3. Alternatives: Branches and liaison offices.

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How to establish aHow to establish acompany?company?

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HowHowSubmit articles throughMERSISNotarized and apostilleddocuments: passport,signature declarations,practically any documentsassigned outside ofTurkey.Obtain a tax identitynumber.Deposit %0.04 of thecapital to CompetitionAuthority account.

ToToDeposit at least %25 ofthe startup capital in abank.Apply for registration atthe Trade Registry Office.Certify the legal books bya notary public: ledger,inventory book etc.Follow up with the taxoffice.

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Cost?Cost?Average cost for LLC, includingnotarised documents andpayments. 2600 TRY (~ 815€) [*] * http://ada-danismanlik.com/limited-sirket-kurulus-asamalari-ve-masraflari-2015/

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How to makeHow to makethings gothings gofast/smooth? fast/smooth?

Make sure you knowsomeone who can do youfavours and speed yourapplication.Use a consultancy firm.

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Thanks!Thanks!

GulcinGulcinYildirimYildirim

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SerkanSerkanOnganOngan

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