Business in Türkiye
Frequently asked
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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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96 answersExplore clear, reviewed answers about starting, entering and operating a business in Türkiye.
Starting a Business in Türkiye
8 questionsCan 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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Do I need a residence permit to establish a company in Türkiye?
Not merely because you are a shareholder. Company ownership, residence permission and work authorization are separate legal concepts, and incorporation itself does not grant residence or work rights.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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How long does it take to establish a company in Türkiye?
Registration can be relatively quick once the structure and documents are ready. The overall timeline depends on foreign-document preparation, legalization/apostille, translation, signatures and the relevant Trade Registry process.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Can I establish a company in Türkiye from abroad?
In many cases, yes. Properly drafted powers of attorney can allow representatives in Türkiye to complete substantial parts of the formation process, while foreign-issued documents may require legalization and Turkish translation.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Do I need a Turkish business partner?
Generally, no. Foreign investors may establish wholly foreign-owned companies unless a sector-specific rule requires a different ownership structure.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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What should I decide before starting a company in Türkiye?
Decide the business activity, company type, shareholders, management and representation, capital, registered address, licensing needs and whether any foreign shareholder or employee will work in Türkiye.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Company Types & Business Structures
9 questionsWhat 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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What is the difference between a Limited Company and a Joint Stock Company?
Both are limited-liability capital companies, but they differ in governance, capital requirements, share-transfer mechanics and suitability for investment or more complex ownership structures. The right choice depends on the business and future plans.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Should I establish an Ltd. or an A.Ş. in Türkiye?
It depends on ownership, governance, financing, future investors and exit plans. An Ltd. may suit many privately held businesses, while an A.Ş. can be preferable for more complex investment and share structures.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Can a foreign company open a branch in Türkiye?
Yes. A foreign company may establish a Turkish branch; the branch remains legally connected to its foreign parent and operates through its registered local representation.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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What is the difference between a Turkish subsidiary and a branch?
A subsidiary is a separate Turkish legal entity owned by the foreign investor. A branch is an extension of the foreign parent, which affects governance, liability, accounting and operational structure.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Can a foreign company open a liaison office in Türkiye?
Yes, subject to the required Ministry authorization. A liaison office is for permitted non-commercial activities and cannot conduct ordinary commercial business in Türkiye.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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What is the difference between a liaison office, branch and Turkish company?
A Turkish company is a separate legal entity; a branch remains part of its foreign parent; a liaison office is a permitted non-commercial presence. The correct model depends on the activities to be carried out in Türkiye.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Foreign Shareholders, Directors & Ownership
8 questionsAre 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 foreigner be a company manager in Türkiye?
Yes, subject to the applicable corporate rules. Appointment as a manager and legal authorization to physically work in Türkiye must be assessed separately.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Can a foreigner serve on the board of a Turkish company?
Generally, yes. Foreign nationality alone does not prevent board membership, but work-permit rules may still apply to the person’s actual activities in Türkiye.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Are there industries where foreign ownership is restricted?
Yes. Certain regulated sectors can have special foreign-ownership, licensing or authorization rules, so a sector-specific review should be completed before investment.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Company Formation & Documents
9 questionsWhat 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 is MERSİS?
MERSİS is Türkiye’s Central Registry Record System. Company formation and many trade-registry transactions are initiated or processed electronically through this system.
What happens at the Trade Registry?
The Trade Registry reviews the formation application and supporting documents and completes registration when statutory requirements are satisfied. It is the core registration authority for the company-establishment process.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Do foreign documents need to be apostilled?
Often, yes. Depending on the issuing country and document, an apostille or Turkish consular legalization may be required before the document can be used in Türkiye.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Do foreign documents need to be translated into Turkish?
Generally, foreign-language documents submitted for company registration require an official Turkish translation and any applicable notarization formalities.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Can I establish my company through a power of attorney?
Many formation steps can be handled through an authorized representative using a properly drafted and valid power of attorney. The required form depends on where and how the power is issued.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Does my company need a registered address in Türkiye?
Yes. A Turkish company needs a registered corporate address, and the suitability of the proposed address should be checked before formation.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Capital, Corporate Banking & Payments
8 questionsHow 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.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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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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Can a foreign-owned Turkish company open a bank account?
Yes, in principle. Account opening remains subject to each bank’s KYC, beneficial-ownership, source-of-funds and risk assessment.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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What documents may banks request for a corporate account?
Banks commonly request company registration and tax documents, authorized-signatory information, beneficial-owner details, business activity information, expected transaction profile and source-of-funds evidence. Requirements vary by bank and case.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Can a Turkish company receive payments from abroad?
Generally, yes, subject to banking, tax, foreign-exchange, sanctions/compliance and transaction-specific requirements.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Tax & Accounting
9 questionsDoes 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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Does my company have to charge VAT?
Many supplies of goods and services in Türkiye are subject to VAT. The standard rate is currently 20%, with reduced rates for specified supplies; the correct treatment depends on the transaction.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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When does a company become a Turkish tax resident?
A company incorporated in Türkiye is generally within the Turkish corporate-tax regime. Cross-border structures may require separate analysis of residence, permanent establishment and applicable tax treaties.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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What accounting records must a Turkish company maintain?
Companies must maintain the books, records and supporting documents required by Turkish commercial and tax legislation. Exact requirements depend on company type, size and activity.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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How are invoices issued in Türkiye?
Invoices must comply with Turkish tax rules, and e-Invoice or e-Archive systems may apply depending on the taxpayer and transaction. The accounting setup should determine the correct invoicing workflow.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Employment, Payroll & Work Permits
9 questionsCan a Turkish company employ foreign workers?
Yes, provided the applicable work-permit, employment and social-security requirements are satisfied.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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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.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Can a foreign company manager work in Türkiye without a work permit?
Do not assume so merely because the person is registered as a manager. The actual activities and any statutory exemption must be reviewed under work-permit legislation.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Does a company need to employ Turkish citizens before hiring foreigners?
The general work-permit framework includes Turkish-employment criteria, but important exemptions and sector-specific rules exist. The applicable rule must be checked for the specific foreign worker and employer.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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What payroll and social-security obligations does an employer have?
Employers must comply with applicable payroll, employee-registration, social-security contribution and reporting obligations. The precise duties depend on the employment relationship and employee status.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Contracts, Corporate Governance & Legal
8 questionsWhat legal documents does a Turkish company need?
The required set depends on the company and activity, but may include corporate resolutions, commercial agreements, employment documents, privacy documentation, internal policies and regulatory records.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Who can legally represent and bind a Turkish company?
This depends on company type and the registered representation structure. An A.Ş. is principally managed and represented through its board, while an Ltd. is managed and represented through its manager or managers.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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How can company managers or directors be changed?
The competent corporate body adopts the required decision and the change is registered and published where required. The exact procedure depends on company type and its constitutional documents.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Market Entry into Türkiye
9 questionsHow 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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Should I enter Türkiye through a subsidiary or branch?
A subsidiary creates a separate Turkish legal entity; a branch remains legally connected to the foreign parent. Liability, governance, tax and operational consequences should be compared before deciding.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Can I test the Turkish market before establishing a company?
Potentially. Market research, partner discussions and some cross-border arrangements can precede incorporation, but actual business activity in Türkiye may create tax or regulatory consequences.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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How do I find a reliable distributor or business partner in Türkiye?
Define the partner profile, identify candidates, verify corporate background and market presence, conduct commercial/legal due diligence and negotiate a written agreement before committing.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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What should I check before appointing a Turkish distributor?
Review ownership, financial standing, market coverage, customers, competing products, regulatory history, reputation, exclusivity expectations, termination rights and dispute-resolution terms.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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What does a market-entry assessment include?
Depending on scope, it can cover market opportunity, competitors, regulatory environment, entry structures, licensing, partner landscape, legal risks, costs and an execution roadmap.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Licences, Regulation & Compliance
8 questionsDoes 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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Does KVKK apply to my company?
If the business processes personal data within the scope of Turkish data-protection law, KVKK obligations may apply. Foreign ownership does not itself remove those obligations.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Does my company need to register with VERBİS?
Not every company does. VERBİS registration depends on the applicable statutory rules and exemptions, including relevant thresholds, activities and data categories; this should be checked against current Board decisions.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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What data-protection obligations does a Turkish company have?
VERBİS is only one part of KVKK compliance. Businesses may also need lawful processing grounds, privacy notices, security measures, processor arrangements, retention practices and procedures for data-subject requests.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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How can I determine which licences my business needs?
Map the company’s exact activities first, identify the competent regulators, then check licensing, premises, personnel and sector-specific requirements before operations begin.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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Running & Changing a Business
7 questionsWhat 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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How do I change a company manager or director?
A valid corporate decision must be adopted and the relevant registration/publication procedures completed where applicable.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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What should I do when hiring my first employee?
Before employment begins, establish the employment-documentation, payroll/accounting and social-security registration/reporting workflow. Foreign employees also require a separate work-authorization review.
Last reviewed Sep 28, 2026 · NAVITICAL Legal & Business Team
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NAVITICAL Business Services & Pricing
4 questionsWhat 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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