COMPANY FOUNDATION PROCEDURES IN TURKEY

COMPANY FOUNDATION PROCEDURES IN TURKEY

Turkey, which is in a strategic position in trade with many parts of the world, is widely preferred by foreign investors thanks to foreign capital applications in order to facilitate the activities in the country.

According to the provisions of the Foreign Direct Investment Law, foreign entrepreneurs who want to invest in Turkey can equally benefit from the rights granted to Turkish citizens.

Turkey has agreements with 80 countries to avoid double taxation. Turkey has signed these agreements to avoid double taxation aimed at deducting a tax previously paid in one country from the tax due in another country. In this respect, there are many advantages of establishing a company in Turkey.

There are 5 main company types that are differentiated in accordance with the Turkish Commercial Code No. 6102. These are as follows:

– Joint Stock Company

– Limited Company

– Collective Company

– Limited Company

– Cooperative

Joint stock company and limited liability company are the most common types of companies in Turkey. Approximately 82% of all companies are limited liability companies, 13% are joint stock companies and 4% are cooperatives. The total of the collective and limited partnership companies is around 1%.

Foreigners can only establish Joint Stock Companies and/or Limited Liability Companies within the borders of Turkey.