Start your Journey in Türkiye. Our Company Formation service is free in charge in our all plans. Getting the only Company Formation service is not recommended by ETITAX. Note that: ITIN is mandatory for Company Formation. Turkey encourages investors to invest in Turkey. Foreign Direct Investments (FDI); with their various positive externalities such as employment, value-added production, increased exports, reduced imports, knowledge, and technology transfer, significantly contribute to the sustainable development of the host countries. Consequently, countries are engaged in intense competition to attract more FDI. Leveraging its strategic geographical location and highly skilled workforce, Turkey stands out as a top destination for FDIs. Over the last 20 years, Turkey has been keen on initiating solid measures to foster the investment environment, strengthening its competitive advantage and emerging as one of the leading destinations for FDI inflows. Turkey’s FDI Law is based on the principle of equal treatment and allows international investors to have the same rights and liabilities as local investors.
The conditions for setting up a business and transfer of shares are the same as those applied to local investors. International investors may establish any form of company set out in the Turkish Commercial Code (TCC), which provides for a corporate governance approach that meets international standards, fosters private equity and public offering activities, creates transparency in managing operations and brings the Turkish business environment in compliance with EU legislation as well as with the EU accession process. Turkey has initiated reforms with a view to making it easier to do business in order to enhance the investment environment, eliminating red tape in setting up a business and minimizing costs and procedures. To this end, establishing a company is now only carried out at Trade Registry Directorates located in Chambers of Commerce and designed to be a ‘one-stop shop’. The process is completed within the same day. (If all the paperwork is ready at the day.) You can find detailed information about setting up a company in Turkey in our blog posts.