Types of company
Two forms of doing business are used for non-resident companies in the country:
AS
The form of joint-stock company (JSC). Requirements: the authorised capital of 50000 TR paid by shareholders at the time of registration and distributed as per shares, at least one founder (including a legal entity). A Board of directors shall be created for the company, a general meeting shall be held, even if the founder is the sole member. Yet, the use of nominal service is implied.
LS
It is an analogue of our Limited Liability Company (LLC). Requirements: initial capital – 5000 TR, two shareholders (can be non-residents) and the director available when signing documents.
Company Formation in Turkey and Taxation
The tax payment procedure in the Republic of Turkey shall be determined by the company status, i.e. whether it is a partnership or a foreign company. Any business pays the corporate tax rated at 33%, VAT – 18%, as well as contributions on gifts or acceptance of inheritance rated at 4-30%. The stamp duty shall be levied on contracts, bills, letters of credit, and real estate transactions are taxed at 4.8%.
You’d better take an advantage of the rich experience of international specialists of our company – go and register your business in Turkey in the shortest possible time! With our help, this procedure will take quite a bit of time, and all your wishes and legal details will be strictly complied with.
To start the registration, you should pay a 30% advance payment. Your risks are minimal since you need to pay the balance of assets as you receive all constituent documents. Contact us and we will proceed with company formation in Turkey immediately!