Company formation law covers the legal rules and regulations regarding how to legally establish, operate and manage a company. This process may vary by country and type of company, but in general certain steps are followed. The basic steps and legal requirements for establishing a company in Turkey are:
Company Types
Joint Stock Company (A.Ş.)
Limited Company (Ltd. Co.)
Unlimited company
Limited Company
Cooperative
Company Establishment Process
Deciding on the Company Type: The first step is to decide which type of company to establish. This depends on factors such as the nature of the business, partnership structure and capital requirements.
Preparation of the Articles of Association: The articles of association of the company must be prepared. This contract includes basic information such as the company's trade name, purpose and subject, capital, capital shares of the partners, and management bodies.
Notary Approval: The articles of association must be approved by a notary.
Registration in the Trade Registry: The establishment of the company must be registered in the trade registry. In this step, the necessary documents are submitted to the trade registry office:
Main contract
Identity information of the founders
signature declarations
Chamber of commerce registration form
Capital blocking letter (for some types of companies)
Tax Office Registration: The company must be registered with the tax office. Tax liability is initiated by obtaining a tax number.
Municipal Procedures: A business and operating license must be obtained.
SSI Registration: The company must be registered with the Social Security Institution (SGK). This is necessary to carry out employee insurance transactions.
Activity Certificate and Other Permits: Depending on the sector in which the company will operate, various permits and documents may be required (for example, health permits, environmental permits, etc.).
Legal Requirements and Obligations
Capital Requirements: There are minimum capital requirements for joint stock and limited liability companies.
Financial Reporting: Companies must prepare and submit their annual financial statements and statements.
General Assembly and Board of Directors: Companies are required to hold regular general assembly meetings and take board decisions.
Labor Law and Employee Rights: Legal obligations must be complied with on issues such as employee rights, occupational health and safety.
Legal Consultancy
Obtaining legal consultancy during the company establishment process ensures that all these steps are completed correctly and in accordance with the law. Legal consultants provide professional support on issues such as preparation of the articles of association, registration procedures, tax and SSI transactions.
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