True Cost of Company Formation in Turkey: The Ultimate 2025 Guide

Turkey remains a highly attractive jurisdiction for entrepreneurs and international investors. Understanding the cost of company formation in Turkey in 2025 is essential for strategic planning, budgeting, and successful market entry. Akkas & Associates Law Firm provides up-to-date figures, legal clarifications, and practical considerations for local and foreign business founders.

Table of Contents

Breakdown: Company Formation Costs in Turkey (2025)

1. Official Registration Fees

• Trade Registry Office Application: 7,500 – 10,000 TRY. Covers government processing for incorporation.
• Notarization of Documents: 10,000 – 12,500 TRY. Legal certification for your company’s articles and required documentation.
• Official Company Ledgers: 2,500 – 3,000 TRY. Mandatory company books (share ledger, inventory, journal, etc.).
• Chamber of Commerce Registration: 1,000 – 1,500 TRY. Needed for all operational businesses.
• Turkish Trade Registry Gazette Publication: 1,000 – 2,000 TRY. Publication of your company’s establishment announcement.
• Total administrative fees:~22,000 – 29,000 TRY for standard registrations (excluding optional or situational services).

2. Legal and Consultancy Fees

• Attorney Fees: $1,250 – $3,000 (USD). Depending on the scope, corporate structure, and the service provider.
• Notary and Translation Costs: approx. $500. For official translations of foreign documents and notarizing signatures.

3. Bank Account, Tax, and Office Services

4. Additional & Hidden Costs

• Translation Fees for foreign partners
• Licensing (if required by activity)
• VAT and employment registration, if hiring staff

5. Estimated Timeline

• 1–2 days: In-person, with partners present in Turkey.
• 2–4 weeks: Remote company setup, with extra translation and documentation requirements.

Post-Formation Costs: Ongoing Compliance

The cost of company formation doesn’t end with registration. Ongoing compliance is vital for the sustained operation of your business. This includes regular tax filings, social security payments for employees, and potential annual audit fees.

The corporate income tax rate in Turkey is generally 25%, with various VAT rates applying to different goods and services. The Turkish minimum wage and associated employer social security contributions are also important considerations for staffing costs.

Engaging a reliable legal partner for ongoing support can help manage these complexities. Akkas & Associates Law Firm provides comprehensive corporate governance and compliance services, ensuring your company adheres to all regulatory requirements. Find out more about our specialized support for businesses at Expert Company Lawyers in Turkey.

Additional Considerations for Foreign Investors

Foreign investors should also factor in potential translation and legalization costs for documents issued outside Turkey. While Turkish law is generally favorable to foreign investment, currency exchange rate fluctuations can impact the actual cost in your home currency.

In conclusion, the cost of company formation in Turkey in 2025 is a multi-faceted sum encompassing government fees, minimum capital requirements, professional service charges, and initial operational expenses. Proper planning and professional assistance are key to managing these costs effectively.

FAQs about Company Formation Costs in Turkey

Q1: What is the average total cost to form an LLC in Turkey in 2025?

The average total cost for forming a Limited Liability Company (LLC) in Turkey in 2025, including legal, notary, and initial government fees, can range from approximately $2,500 to $5,000, depending on the complexity and chosen service providers. This excludes the minimum share capital, which must be paid or committed.

Q2: Is the minimum share capital for a Turkish company required to be paid upfront?

For a Limited Liability Company (LLC), the minimum share capital of TRY 50,000 does not need to be fully paid upfront. It can be paid in installments within 24 months of registration. For a Joint Stock Company (JSC), 25% of the TRY 250,000 minimum capital must be deposited before registration, with the remaining 75% paid within 24 months.

Q3: Are there any hidden costs I should be aware of during company formation?

While most costs are transparent, potential “hidden” costs can arise from unexpected document translation needs, expedited service requests, or unforeseen complexities in your business activity requiring additional permits. It’s always advisable to work with a reputable law firm that provides a clear breakdown of all anticipated expenses.

Q4: Can I form a company in Turkey remotely, and how does it affect the cost?

Yes, it is possible to form a company in Turkey remotely through a power of attorney. This may incur additional notary and translation fees for the power of attorney document, and potentially higher legal fees due to the increased coordination required. However, it can save on travel expenses.

Q5: What are the ongoing costs after company formation in Turkey?

Ongoing costs include corporate income tax (currently 25%), Value Added Tax (VAT) – generally 20% for most goods and services, social security contributions for employees, monthly accounting fees, annual audit fees (for certain company types), and potential licensing renewal fees depending on the industry.

Q6: Do I need a physical office address to form a company in Turkey?

Yes, a registered office address in Turkey is a legal requirement for company formation. This can be a physical leased office or a virtual office service, which is a more flexible and often more affordable option, especially for startups or businesses with remote teams.

Q7: Are there any tax incentives for new companies or foreign investors in Turkey?

Turkey offers various investment incentives, especially for certain sectors or regions. These can include tax exemptions, customs duty exemptions, social security premium support, and R&D incentives. It’s crucial to consult with legal and tax professionals to understand eligibility for these programs.

Reach us for the Cost of Company Formation in Turkey

Establishing a company in Turkey requires careful navigation of legal requirements, cost considerations, and regulatory compliance. Understanding the complete cost structure, from mandatory government fees to professional service charges, ensures successful business formation without unexpected financial surprises.

Foreign investors benefit significantly from partnering with experienced legal professionals who understand Turkey’s business environment and can provide cost-effective solutions tailored to specific business needs. Professional guidance helps optimize formation costs while ensuring full legal compliance and operational readiness.

For comprehensive assistance with company formation costs, regulatory compliance, and strategic business planning in Turkey, contact Akkas & Associates Law Firm. Our experienced team has been providing exceptional legal services since 1992, helping international businesses successfully establish and operate in Turkey’s dynamic market.

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