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;

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