Limited Sirket (LS)
 |
||
| Company Type | Time to Incorporate | Cost |
|---|---|---|
| LS | 10 days | £3080 |
Turkey Key points
- Less than 10 days to incorporate your Limited company in Turkey
- Incorporation will cost £3080
- A one day visit to Turkey will be required by the company director, to sign documents
- A Turkish limited company requires only one Director
- There is no restriction placed upon the nationality of the directors or shareholders
- Only two shareholders are required
- The Share Capital requirement is €2,500/TL 5,000
- 21 free trade zones in Turkey offer a very attractive business climate to companies through tax exemptions
- Registered Office for your company can be provided at our Turkish Office
- We provide you with full expert assistance throughout every step of the company formation process
Incorporation of a Limited Sirket (LS)
Once we have your company details Formacompany will proceed with:
- Notarised Articles of Association
- Notarised signature declarations
- Notarised identity cards (or passport copies for foreigners) of company managers
- Signature declarations of company managers
Deposit the Share Capital
To register with the Commercial Registry, shareholders must obtain the original receipt which shows that 0.04% of the company’s capital has been paid to the Competition Authority at the central bank or a public bank.
File the incorporation notice at the Trade Registry Office
Formacompany will submit the incorporation notice form, commitment letter and chamber registration statement to the Trade Registry Office. For each individual shareholder who is not a Turkish citizen, a copy of the shareholder’s passport is notarised by a Turkish notary.
- Three copies of an establishment notification form
- Three copies of the notarised Articles of Association
- Bank deposit receipt from the Competition Authority Account (0.04% of the company’s capital)
- An undertaking (taahhütname) signed by the authorised company representatives
- For each person authorised to represent the founders of the limited liability company, two copies of the signature
The Commercial Registry Office will notify the Tax Office and District Employment Office regarding the company incorporation. The Registry arranges for an announcement in the Commercial Registration Gazette within 10 days of company registration.
A tax identification plaque will be obtained from the local tax office and a social security number obtained from the relevant Social Security Administration office.
Notary certify the legal books
Certification of commercial books:
- Journal
- Ledger
- Case book
- Inventory book
The founders should certify the legal books the day the company is incorporated. The notary public will notify the Tax Office about the commercial book certification.
Certificate of paid-up share capital
1/4 of the initial capital must be deposited within 3 months of company incorporation and the balance of the subscribed capital must be paid within 3 years of incorporation.