Service areas

Steps for Joint Stock Company Formation in Turkey

Legalixa is an award-winning immigration law firm in Istanbul, Turkey with an exceptional success rate in almost every legal matter we have ever handled. Our company formation lawyers are prepared to assist your joint stock company formation in Turkey fast. 

We provide services to start your company in Turkey and other company governance services for foreign persons and companies. We’ve assisted clients from Europe, Asia, Nort & South America, the Middle East, Asia, GCC Countries, Baltic Countries, and Russia to start their businesses and their swift migration to Turkey. We have set up several companies for our clients and know their needs in Turkey very well.

Steps for Joint Stock Company Formation in Turkey

If the Partners are in Turkey, We Can Set up Your Joint Stock Company in 2-3 Days

We can complete your joint stock company formation in Turkey in 2-3 days if you are present in Turkey. The setup process will be faster and cost less.

If Partners are not in Turkey, We Can Set up Your Joint Stock Company Remotely

We can complete your joint stock company formation in Turkey remotely if you are present in Turkey, however, the setup process will be longer and cost more.

Moreover, we have established more than 260 companies for our foreign clients including Spain, UAE, Ukraine, Russia, UK, Morocco, Lebanon, Syria, S. Korea, Germany, Italy, Jordan, Vietnam, Poland, France, Pakistan, China, Hong Kong, USA, Malaysia, Iran, Portugal, Norway, Canada, Saudi Arabia, Iraq, and Kuwait.

Joint Stock Company Formation in Turkey

 Full Details for a Joint Stock Company Formation in Turkey

According to the Turkish Commercial Code, a joint stock company requires a minimum of one partner and it can be a legal entity or a real person. The partner/partners can be Turkish or foreign as well. Foreigners can own 100% of a company and transfer their profit out of Turkey without any problems.

The minimum required capital for a joint stock company formation in Turkey is 50,000. -TL (Turkish lira). 25% of the capital of the company shall be paid in advance and the remaining shall be in two years and up to three installments.

Roadmap for Joint Stock Company Formation in Turkey

  • Partners’ passport translation and notarization
  • Obtaining tax id numbers for the partners
  • Getting Power of Attorney from the partners for company formation before the Notary Public
  • Determining and reserving the company title
  • Signing a lease contract for the company address
  • Preparing online company establishment procedures
  • Filing company details at Istanbul Chamber of Commerce online
  • Filing company Articles of Incorporation online and getting it approved
  • Filing all the documents at the Istanbul Chamber of Commerce and paying official company registration fees
  • Obtaining a company registration certificate from the Istanbul Chamber of Commerce
  • Getting signature circular notarized at Notary Public
  • Giving Power of Attorney to an accountant on behalf of the company
  • Opening company bank account

A joint stock company is more advantageous than a limited liability company. When regarded in terms of taxes, transfer of shares, and liability towards public debts, joint stock companies appear more attractive than limited liability companies.

Incorporation requires a minimum of one partner and it can be a legal entity or a real person. The partner/partners can be Turkish or foreign as well. Foreigners can own 100% of a company and transfer their profit out of Turkey without any problems. 

Partners can apply for a work permit as the shareholder of the company, however, if a partner likes to apply for a work permit then the capital is a minimum of 100,000. -TL and must be paid in full. We can prepare and file your work permit application.

How Much Does It Cost for a Joint Stock Company Formation in Turkey with One Partner?

FEES AND EXPENSESUSD
Attorney fee for the registration of a new company1,500
Opening a bank account250
Tax Office registration250
Accounting fees per month250
Company address per month50
Official company registration expenses (Notary expenses for Articles of Association and all other documents)750

We Need the Following Documents for Establishing a Joint Stock Company;

From Real Persons;

  • 2 Translated and notarized passport copies
  • 2 Passport photos
  • Power of Attorney to us for incorporating the company from each shareholder.

From a Legal Entity, If One of the Partners is a Company;

  • The foreign shareholder company’s “Certificate of Good Standing” from the Registrar of Companies. This certificate should contain information about the current active status of the company and its signature executives.
  • The foreign shareholder company’s “Articles of Incorporation”
  • The foreign shareholder company must get a resolution for incorporating a company in Turkey.
  • If the foreign shareholder company will be appointed as a company director in Turkey, it must appoint a real person to do this task. We need signature samples from this person and he must also accept this appointment. We must get his/her passport translated and notarized and we will get a Turkish tax id number.
  • Power of Attorney for establishing the company.
  • The above-mentioned documents shall be notarized and apostilled.

Reach us for Joint Stock Company Formation in Turkey

Since its foundation, Legalixa Law Firm has been the choice of numerous clients in Turkey. We’ve always worked differently than other law firms. We are committed to remaining forward-thinking and preparing for the dynamically changing world of business law.

You may reach our law firm for joint stock company formation in Turkey by sending an email or through the Contact page.

error: Content is protected !!