Legal Checklist for Setting Up a Business in Turkey as a Foreigner
Turkey is an attractive destination for foreign investors thanks to its strategic location, dynamic economy, and strong industrial base. If you’re planning to establish a company in Turkey, understanding the legal process is essential. This checklist will help you navigate registration, taxation, compliance, and more — with confidence and legal clarity.
Why Foreign Investors Choose Turkey
Turkey offers access to both European and Asian markets, skilled labor, and favorable investment incentives. However, like any country, Turkey has its own legal requirements and procedures that must be followed when setting up a business — especially for foreign nationals.Step-by-Step Legal Checklist for Business Formation
Choose the Right Business Structure
Decide between a Limited Liability Company (Ltd. Şti.), Joint Stock Company (A.Ş.), or a liaison office. Each has different tax, liability, and capital requirements.
Register with the Trade Registry
All new companies must be registered at the local Chamber of Commerce. You’ll need notarized articles of association, proof of capital, and identification documents.
Obtain a Tax Number and Open a Bank Account
A Turkish tax identification number is required for the company and for foreign shareholders. You’ll also need a business bank account to deposit capital and make official transactions.
Understand Labor and Residency Laws
If you plan to work in your Turkish company, you may need a work permit or residency visa. Also be aware of local labor laws if you’re hiring staff.
Conclusion
Setting up a business in Turkey is a structured but achievable process for foreign investors. By following legal steps carefully and partnering with experienced consultants like KDT Export Import, you can ensure a compliant and successful business launch. We help investors every step of the way — from formation to growth.
