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BUSINESS

Starting Business in Türkiye:

 

To start a business as a foreigner it is essential to know the basics of doing business in Türkiye. Some key factors that matter while starting a business are:

  • Getting a Visa for Startup
  • Residential Permit
  • Getting Capital Investment
  • Deciding the Legal Entity of the Business
  • Taxation
  • Legal Issues
  • Growth of Business
  • Managing Employees
  • Bank Accounts, Profit and Accounting
  • Insolvency

Company establishing procedure.

 

Apply to relevant trade registry office with following documents.

  • A company establishment petition and a notification form, duly filled in and signed by persons authorized to represent the company. The list of the documents to be procured, and forms to be filled can be downloaded at www.sanayi.gov.tr and www.hazine.gov.tr
  • Notarized signatures of persons authorized to represent the company together with the company trade name.
  • A letter of commitment in accordance with Article 29 of the Trade Registry Regulation.
  • The bank receipt indicating that 0.04% of the company capital has been deposited to the account of the Turkish Competition Authority at a state bank or the Central Bank of the Republic of Türkiye.
  •  Certified copies of the ID certificates of the founders of the company.
  •   Copy of passports of all founders of the company to be presented together with the passports or their notarized copies.

Housing & Environment:

 

homeownership in Turkey offers many benefits like a welcoming culture, weather, food, beaches, and a low cost of living. Buying property in Turkey is safe. To prove it, last year, 49.213 people purchased apartments and villas. Nationalities varied from Russians and Germans to Brits and Iraqis. Turkey’s government has set guidelines and advice to follow to safeguard your investment. These include only sending money online to generate cash trails, using a lawyer, getting contracts notarized. In some cases, like the significant Istanbul off-plan developments, they come with government guarantees. 

 

Documentation services:

 

Nearly all legal documents in Turkey are in Turkish language. Translation from English and other languages is available in all big cities like Istanbul, Ankara and Izmir. In addition to translation documents are notarized, stamped and other legal activities are also performed. Most of the law companies have lawyers knowing and speaking fluent English, German and other languages.

 

 

 

Taksim Square - The Business Center:

 

Taksim Square is the heart of Istanbul and Istanbul is considered the heart of Turkey. It was built during Ottoman empire as a water distribution system from where water was distributed to various parts of Istanbul.  It is a central point of business, culture, social activities and a major point of political demonstrations.  This Square is also Istanbul's Central Transport Station. One of the most famous and most active street in Istanbul, the 1.4 kilometer long Istiklal street starts from Taksim Square, it has numerous shops, cafes, restaurants, and historical buildings.