How is the process to set up the business in Turkey?

When establishing a company in Turkey, one needs to adhere to the following rules and regulations;

  1. Submit the memorandum and articles of association
  2. Execute and notarize company documents
  3. Obtain potential tax identity number
  4. Deposit at least 25% of the start-up capital in a bank and obtain proof thereof
  5. Apply for registration at the Trade Registry Office
  6. Follow up with the tax office on the Trade Registry Office’s company establishment notification