Rules for starting a business in Turkey

Own business in Turkey is an excellent solution for those who want to invest profitably, and for those who are planning to move to this country. The rules for starting a business in Turkey for local residents and foreigners are absolutely the same.

Turkey is one of the most loyal immigrants in Europe. In addition to the fact that you can get a residence permit when buying property for any amount, you have a unique opportunity franchise or start your own business from scratch. There are no special restrictions for foreigners. The procedure for starting a business in Turkey is carried out according to standard, uniform laws.

In addition, there is an investment promotion program in Turkey. Certain business areas related to medicine, education and tourism and in certain regions (Mersin, Izmir, Antalya, Mardin, Erzurum) are provided with benefits such as rent reduction or even full exemption from taxes.

Regarding the procedure for opening a business in Turkey, it is quite simple. The first step that you will need to take on the path to successful entrepreneurship is to get an individual taxpayer number (TIN). The next item will need to be translated into Turkish and notarize the charter of your company and the book of protocols. Only after that you can apply to the Registration Chamber and pay tax.

After completing the first stage of registering a business in Turkey, you will need to place an advertisement for the registration of a legal entity in a state-owned newspaper.

Next, you will need to transfer 0.4 of the authorized capital of your new company to the local Antimonopoly Policy Committee, open bank accounts, register with the City Administration and pay the environmental fee.

And now one of the main questions - how much would it cost to start a business in Turkey? On average, your expenses will be about 3,000 Turkish lira (approximately 48,000 rubles). Plus, you may need the services of local commercial organizations to collect documents, which also cost money. But, of course, all this is purely individual and, if you have enough time, you can arrange your business in Turkey by yourself.