• Establishing a Business in Turkey

    Establishing a Business in Turkey



BASIC INFORMATION ABOUT TURKEY

BASIC INFORMATION ABOUT TURKEY

Capital City : Ankara
Major Cities : Istanbul, Ankara, Izmir, Bursa, Antalya, Adana, Gaziantep, Kocaeli, Sakarya
Official Language: Türkçe
Population : 78.741.053
Currency: Türk Lirası
Telephone Code: +90
Company Types: Limited Liability Company (LLC) , Joint Stock Company (JSC), Representative Office, Branch
VAT : %1, %8 ve %18
Corporate Income Taxes: %20
Minimum wage / employees:: Net 1.300,00 TL – Gros 1.647,00 TL



COMPANY FORMATION IN TURKEY

Turkey is the rising star and a worldwide popular country with combination of versatile production facilities, rich natural resources and superior quality of life. Agriculture, industry and services are significant potentials in Turkey. In terms of export which is an important indicator of the economic development is constantly increasing in Turkey. With these qualities Turkey has gained an advantage to compete globally, both economically and socially, provide capacity-building and adapt to current markets.When it is taken into consideration in investment decisions, access to the market is among the most important issues. Turkey has the logistic potential to ensure that the products delivered to the target location swiftly and securelyApplications for investors who want to establish a company in Turkey is based on the principle of equal treatment and non-discrimination rights and responsibilities that apply to domestic investors also applies to foreign investors. There are no rules restricting foreign participation in a company in terms of capital or management. In other words, you can set up a company with 100% foreign capital.
Turkey offers an extremely favorable business environment for investors due to legal amenities. Entrepreneurs, regardless of their nationality or residence, can establish a business in Turkey. To get more information about the opportunities in Turkey you can contact with us.