Frequently Asked Questions

Yes. A private limited company is the most popular form of business for foreigners and can be set up by two or more non Turkish nationals. At least one shareholder is required to form this type of company, with a minimum share capital of 10,000TL.

Six steps are required in order to incorporate a legal entity in Turkey. After elaborating and signing the articles of association, this document must be notarized along with the signature declaration of the managers and the commercial books of the entity. The capital has to be deposited at the Competition Authority and at a bank . incorporation notice form, commitment letter, and Chamber registration statement need to be filled. The legal books of the company has to be notarized followed by the last step

The minimum share capital of a limited liability company (LTD) is 10.000 TL, which has to be deposit in a single installment at registration, while the minimum share capital of a joint stock company (AS) is 50.000 TL.

If all the documents are deposited at time and correctly, in 5 days a legal entity may start to perform commercial activities. When you need assistance for the incorporation procedure, you may contact me directly.

• The original passport of each partner (valid for more than 6 months)
• Two 4 x 3 photos (light background color)
• A few names to choose for company
• Field of activity in Turkey (Statute)
• Determining the percentage of shares of each shareholder
• Appointing a company manager (or both partners)

Yes, you can form a branch for your company in Turkey, but it will be treated as if it were a whole new corporation under Turkish law.

Some banks enable you to open a bank account without having to be a resident, and most institutions will assist you in creating an account even if you do not have residence. The best solution is to explain the situation to the employee with whom you are dealing, and he will find an appropriate solution for you based on his knowledge of the bank’s laws.

• Do business without limitation available to Iranian individuals and legal entities
• Working and investing in an environment where there is international growth and success
• Taxes in Turkey are much lower than in European and American countries
• Low start-up costs
• Special facilities for foreign companies in Turkey
• You pay lower living costs than other European countries
• You get one-year residence in Turkey and you get permanent residence after 5 years
• After registering you can have a bank account and get a Credit Card and Debit Card
• You invest in a country not far from Iran

No, There is not. As Foreign minister says “We believe that the sanctions will not resolve the problem,” Mevlut Cavusoglu stressed

The taxes in practice in the Turkish tax system are mainly as follows,

• Taxes on Income (Income and Corporate Tax),
• Taxes on Expenditures (Value Added Tax, Special Consumption Tax, Banking and Insurance Transactions Tax, Special Communication Tax, Gambling Tax, Stamp Tax, Customs Duty, and Taxes Imposed by Municipal Revenue Law),
• Wealth Taxes (Inheritance and Transfer Tax, Property Tax, Motor Vehicle Tax).
• Fixed tax and progressive tax are applied to various incomes in Turkey. At this point, it is better to emphasize two topics that concern individuals and organizations.

Companies whose legal or business headquarters are located in Turkey or whose operations are centered and managed in Turkey are subject to corporate tax on their worldwide income. The corporate tax rate is 25% for 2021, and 23% for 2022.

The standard rate of VAT is 18%. There is also a reduced rate of 8% applied to: basic foodstuffs; medical products; books; and other, and a super-reduced rate of 1% applied to: agricultural products; certain residential properties; newspapers & periodicals; and other.

Yes. Turkey’s sanctions regime must be complied with by any individual or entity within Turkey and any individual elsewhere who is a Turkish citizen or any entity incorporated or constituted in Turkey (including overseas branches of Turkish companies).

Yes. Turkey’s autonomous sanctions regime includes trade embargos on: narcotics ; casino machinery ; certain types of plants ; and chemical weapons, chemicals and waste which are categorized dangerous and ozone depleting substances Respective sanctions are provided in Law 6415 on the Prevention of the Financing of Terrorism.

The Turkish export controls regime is largely in line with the EU system. However, unlike the EU system (which is based on a single control list), Turkey implements export controls through different control lists under the responsibility of different official bodies.

Yes. The Ministry of Treasury and Finance maintains a list of entities and individuals sanctioned by it and publishes this list in the official gazette. This list consists of the names of individuals and entities that have been listed by the UN and the EU.

According to Law Number 5201, failure to obtain a license from the MND for export of military weapons, military vehicles and military equipment, ammunition and their spare parts shall be punishable by imprisonment for two months to one year and a penalty of not less than TRY4,000,000. Furthermore, the same penalties shall apply in cases where, without permission of the MND: (i) the material or technology is exported to an end user that is suspected to be engaged in the development of WMD; (ii) the equipment exported might be wholly or partially used for the development of WMD; or (iii) the equipment exported endangers national or international security or could cause a violation of human rights. Moreover, there is various administrative fines in regard to export/import requirements indicated in Customs Law Numbered 4458.

No, there are no additional taxes. Individual companies and limited liability companies (LLCs) with foreign involvement pay the same taxes as regular companies and LLCs with Turkish founders.

Besides Turkish citizens, many foreigners continue their lives and earn their livelihoods by working in our country. According to Article 4 of the Law on Work Permits of Foreigners No. 4817, foreigners must obtain permission (a work permit in Turkey) first before starting dependent or independent work in Turkey. The document, which is issued as an official document by the Ministry of Family, Labor and Social Services, which gives the foreigner the right to work and residence in Turkey within the validity period, is called a “Work Permit.”

According to Article 7 of the International Labor Law, a foreigner who wants to obtain a work permit from abroad must apply for a work visa at the Consulate or Embassy of the Republic of Turkey in the country where he/she currently resides and must give the 16-digit reference number he/she gets to his/her employer in Turkey. After a foreign national applies for a work visa from abroad, the employer in Turkey must apply for the work permit for the foreign national via e-government with a 16-digit reference number within ten working days through the online system. After this application, all required documents must deliver to the Ministry in person or by mail within six working days.

Holders of a residence permit can now only travel outside Turkey for 120 days out of a total of 360 days. If they stay longer than 120 days, their resident permits will be revoked, and they will have to visit Turkey on a tourist visa before applying for a new residence permit.

A residence permit allows you to live, study, marry, convert your driver’s license to Turkish, obtain a tax number, open a bank account, buy property, invest, and much more in Turkey. If you’re moving to Turkey to work, all you’ll need is a work permit that also doubles as a residency permit.

Yes, permanent residency can be granted if the foreigner meets certain criteria, such as proving ownership of a property with sufficient financial resources. It can also be granted if the foreigner has lived in Turkey for eight years. Within two months, the Turkish government will provide a direct answer.

Yes, you must have a resident permit in order to create a bank account in Turkey, as all banks need it. In some situations, you may require a work permit, therefore you should first secure such paperwork with the assistance of one of our Turkish lawyers.

Foreigners must have lawfully and consistently stayed in Turkey for a minimum of eight years in order to be considered eligible for permanent residence status. If you create a business or buy a home in Turkey, you may be entitled to apply for permanent residency.

In 2016, the Turkish citizenship by investment program (also known as the Turkey Golden Visa) was introduced. Within three to six months, overseas investors can receive a Turkish passport. Purchasing real estate worth at least $250,000 is the minimum investment choice.

A Golden Visa is a nickname for international tax visa programs that allow people to apply for citizenship or permanent residence in a much more streamlined manner than traditional routes. The Portugal Golden Visa and the St Kitts and Nevis Golden Visa are two typical forms of Golden Visas.

Yes, you can extract a work permit for you and your partners, but the company capital should be 100,000 Turkish lira at a minimum. Each partner who wants to obtain a work permit must have a minimum salary of 40,000 Turkish lira

We focus on Customer experience, Upon your request, we set a 20 minutes online meeting. We provide answers to your questions and we gather information regarding your needs in this meeting than your allocated corporate services representative monitors all your transactions, generates reports, and provides the required contacts within this process, your questions requiring specialized knowledge are answered within hours, not days.

Upon your request, we set a 15 minutes online meeting. We provide answers to your questions and we gather information regarding your request and needs in this meeting. We share an official service quote after the meeting. After your confirmation, your account manager shares your roadmap and informs you of progress updates.

Intera operates in 145 countries and territories, employing more than 80 people, serving the needs of businesses, public-sector agencies, not-for-profits, and the capital markets through their all outsourced practices. INTERA is dedicated to quality and service excellence in everything we do, giving our all to clients and earning the public’s trust through our professional and personal actions and behaviors.

Intera doesn’t have a standart pricing model, ın order to maximize, customer experience we provide, we set-up quotes specific for your requests and needs