Foreigners Setting Up a Company in Turkey: Legal Process and Residency Benefits

Foreigners can set up a company in Turkey entirely in their own name, with no need for a Turkish partner. This is one of the strongest routes to both legal work and a short-term residence permit.

Company Types

• LLC (Ltd. Şti.): Most common. Minimum TRY 10,000 capital, at least 1 shareholder.
• Joint-Stock (A.Ş.): Minimum TRY 50,000 capital.

Incorporation Steps

1. Prepare and notarise the articles of association; register with the Trade Registry.
2. Obtain a tax number from the tax office.
3. Register with the Social Security Institution.
4. Open a corporate bank account.

Residency Connection

Active company owners can apply for a short-term residence permit using the company as grounds. Tax filings, SGK registration and trade registry records serve as supporting documents.

Contact Demirel Consultancy for company formation and residency planning in Turkey.