NAVITICAL

Business in Türkiye

Frequently asked
questions.

Clear answers for doing business in Türkiye.

Find reviewed information about company setup, ownership, tax, banking, employment, market entry, compliance and ongoing operations. Still have a question? Our team is here to help.

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Explore clear, reviewed answers about starting, entering and operating a business in Türkiye.

Starting a Business in Türkiye

8 questions
Can a foreigner start a company in Türkiye?

Yes. Foreign individuals and foreign legal entities can establish companies in Türkiye and are generally subject to the same company-formation framework as local investors. Sector-specific restrictions or approvals may still apply.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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Can I own 100% of a Turkish company as a foreigner?

Generally, yes. A Turkish capital company can be wholly foreign-owned and a Turkish shareholder is not normally required, subject to any special rules for regulated sectors.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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Do I need to live in Türkiye to start a company?

Not generally. A foreign investor may own or establish a Turkish company without becoming resident in Türkiye; residence and work authorization are separate matters.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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Company Types & Business Structures

9 questions
What types of companies can foreigners establish in Türkiye?

Foreign investors can use the company forms available under Turkish commercial law. For most businesses the principal choices are a Limited Company (Ltd. Şti.) and Joint Stock Company (A.Ş.); a branch or liaison office may also be relevant in appropriate cases.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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What is a Limited Company (Ltd. Şti.) in Türkiye?

A Limited Company is a capital company commonly used for privately held businesses. It can generally have one to fifty shareholders and currently has a statutory minimum capital of TRY 50,000.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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What is a Joint Stock Company (A.Ş.) in Türkiye?

A Joint Stock Company is a capital company governed through a general assembly and board of directors. Its current statutory minimum capital is TRY 250,000, with a higher threshold for the non-public registered-capital system.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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Foreign Shareholders, Directors & Ownership

8 questions
Are there restrictions on foreign ownership of Turkish companies?

There is no general Turkish-shareholder requirement solely because a company is foreign-owned. Regulated or strategically sensitive sectors may impose special ownership, licensing or approval rules.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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Can a Turkish company have only foreign shareholders?

Yes, generally. A Turkish capital company may be entirely foreign-owned, subject to sector-specific restrictions where applicable.

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Can a foreign individual be the sole shareholder?

Yes. Both an Ltd. and an A.Ş. can generally be formed with a single shareholder.

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Company Formation & Documents

9 questions
What documents are required to establish a company in Türkiye?

Requirements depend on the company type and shareholder structure. Core documents normally include the articles of association and identification or corporate documents for shareholders, managers/directors and authorized representatives.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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What documents does a foreign individual shareholder need?

Typical requirements include passport documentation and a Turkish tax identification number, plus any registry-specific documents. Foreign documents may require legalization, translation and notarization.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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What documents does a foreign corporate shareholder need?

Typically, evidence of the foreign company’s existence and authorized signatories, the corporate decision approving the Turkish investment and representative documents are required. Legalization and Turkish translation may also apply.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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Capital, Corporate Banking & Payments

8 questions
How much capital do I need to start a company in Türkiye?

The current statutory minimum is TRY 50,000 for an Ltd. and TRY 250,000 for an A.Ş. A higher amount may be advisable or required for regulatory, work-permit or commercial reasons.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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When does company capital have to be paid?

For an A.Ş., at least one quarter of subscribed cash capital is generally paid before registration and the balance within 24 months. For an Ltd., capital can generally be paid within 24 months after registration.

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Does the capital have to be deposited before company registration?

Not generally for an Ltd. An A.Ş. has different pre-registration cash-capital payment requirements, so the company type must be identified before planning payment.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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Tax & Accounting

9 questions
Does every Turkish company need an accountant?

Turkish companies are subject to statutory accounting, tax filing and record-keeping obligations. In practice, qualified accounting support is a core part of operating a company.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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What taxes does a Turkish company generally pay?

Depending on its activities, a company may face corporate income tax, VAT, withholding taxes, stamp tax and employment/social-security liabilities, among others. The exact profile is business-specific.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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What is corporate income tax in Türkiye?

For the 2026 tax period, the general corporate income tax rate is 25%, while different rates or reductions apply to certain taxpayers and activities. Because rates can change, this answer should remain source-dated in the CMS.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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Employment, Payroll & Work Permits

9 questions
Can a Turkish company employ foreign workers?

Yes, provided the applicable work-permit, employment and social-security requirements are satisfied.

Does a foreign shareholder need a work permit?

Share ownership by itself does not require a work permit. A foreign shareholder who actually works in Türkiye may need work authorization depending on the role and circumstances.

Does owning a Turkish company automatically give me the right to work?

No. Ownership of a company and authorization to work in Türkiye are separate legal matters.

Contracts, Corporate Governance & Legal

8 questions
What should be included in a shareholders' agreement?

Common subjects include management rights, reserved matters, financing, profit distributions, share transfers, exit mechanisms, deadlock procedures, confidentiality and dispute resolution.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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Do I need a shareholders' agreement if there is more than one shareholder?

It is not automatically mandatory merely because there are multiple shareholders, but it can be valuable where the parties need governance and exit rules beyond the company’s constitutional documents.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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Market Entry into Türkiye

9 questions
How can a foreign company enter the Turkish market?

Possible models include a Turkish subsidiary, branch, distributor or commercial partner and, for qualifying non-commercial activity, a liaison office. The right model depends on what the company intends to do in Türkiye.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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Do I need to establish a company to do business in Türkiye?

Not necessarily. Some businesses can use contractual distribution or cross-border structures, but tax, permanent-establishment, regulatory and licensing consequences should be reviewed first.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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Should I establish a company or work with a local distributor?

A local company provides greater direct control and infrastructure, while a distributor can reduce initial operational commitment but shifts part of execution to a third party. The choice should follow commercial and legal due diligence.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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Licences, Regulation & Compliance

8 questions
Does my business need a licence to operate in Türkiye?

It depends on the activity. Company registration alone does not automatically satisfy sector-specific licensing or operational authorization requirements.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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Are some industries subject to special regulatory approval?

Yes. Regulated sectors can require permits, minimum conditions or supervision by specific authorities, so this should be checked before launch.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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What compliance obligations apply to a foreign-owned Turkish company?

Foreign-owned Turkish companies generally face the same core corporate, tax, employment and data-protection obligations as comparable local companies, plus any sector-specific requirements.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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Running & Changing a Business

7 questions
What happens after my company is registered?

Registration is only the beginning. Banking, accounting/tax activation, invoicing, regulatory requirements, contracts, employment, permits and ongoing corporate administration may still need to be completed.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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What ongoing filings does a Turkish company have?

Ongoing obligations can include tax filings, accounting records, corporate decisions, employment/social-security reporting and sector-specific filings. The calendar depends on the company and its activities.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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What happens if my company's address changes?

The change should be documented through the appropriate corporate process and registered or notified to the relevant authorities and service providers where required.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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NAVITICAL Business Services & Pricing

4 questions
What business services does NAVITICAL provide in Türkiye?

NAVITICAL Business covers three main stages: Market Entry, Company Setup and Ongoing Business Support. The scope can include commercial assessment, legal/regulatory review, incorporation, professional coordination and ongoing operational support.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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What is the difference between Company Setup, Market Entry and Ongoing Business Support?

Market Entry helps determine how to enter Türkiye. Company Setup implements the establishment process. Ongoing Business Support coordinates the legal, accounting, employment and operational needs that continue after launch.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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How much do NAVITICAL business services cost?

Current core Business pricing is Business Setup $750, Business Launch $1,490, Market Entry from $2,500 and Business 360 from $4,500. Ongoing Business Support is custom-scoped until a separate canonical recurring price is approved.

Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team

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Still have a question?

Our experts can connect the information here with your company, market-entry plan, team and wider objectives in Türkiye.