Hotline: +86-755-82143023, Email: Selinawu@citilinkia.com
An LLC(Limited Liability Company) is one of the most common business type in Turkey. An LLC requires minimum 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. Minimum required capital for a Limited Liability Company is 10,000. -TL (Turkish lira, around USD1350 or CNY8700). The capital of the company shall be paid in two years and in four installments.
1.Procedure of setting up a LLC in Turkey:
a.Partners’ passport translation and notarization
b.Obtaining tax id number for the partners
c.Getting Power of Attorney from the partners for company formation before the Notary Public
d.Determining and reserving the company title
e.Signing a lease contract for the company address( We also provide company address services for foreign companies)
f.Preparing online company establishment procedures
g.Filing company details at Istanbul Chamber of Commerce online
h.Filing company Articles of Incorporation online and getting it approved
i.Filing all the documents at Istanbul Chamber of Commerce and pay official company registration fees
j.Obtaining company registration certificate from Istanbul Chamber of Commerce
k.Getting signature circular notarized at Notary Public
l.Giving Power of Attorney to an accountant on behalf of company
m.Opening company bank account
2. Documents required for establishing an LLC:
For real person as the partner:
a.2 Translated and notarized passport copies
b.2 Passport photos
c.Power of Attorney to us for incorporating the company from each shareholder.
For legal entity as the partner:
a.The foreign shareholder company’s “Certificate of Good Standing” from the Registrar of Companies. This certificate should contain the information about the current active status of the company and its signature executives.
b.The foreign shareholder company’s “Articles of Incorporation”
c.The foreign shareholder company must get a resolution for incorporating a company in Turkey.
e.If the foreign shareholder company will be appointed as 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.
f.Power of Attorney for establishing the company.
g.The above-mentioned documents shall be notarized and apostilled.
3.Time taken to establish an LLC:
Establishing an LLC generally requires 3 to 5 days after all documents collected.
4.Contact Us
For more detailed information and procedures regarding company formation in Japan, please feel free to feel free to contact Selina Wu by China hotline at 86-755-82143023, or emailing to selinawu@citilinkia.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.