Company Law in Turkey

Turkish Commercial Code sets a broad range of requirements for companies that need to be fulfilled . When doing business in Turkey, it is important to have a good knowledge of the Turkish Law in order to understand the requisites set on the companies. Apart from the Turkish Commercial Code there are also various other regulations that cover each industry.

UT Legal has a team of experienced Turkish commercial lawyers and provides a most effective and result-oriented legal consultancy and litigation service to both national and international companies in Turkey on commercial issues. So, if you are planning to start a company or a joint venture in Turkey or want to do business in the expanding Turkish market, our London based attorneys will gladly assist you in every step of the way.

Why Understanding Turkish Company Law Matters

If you’re a UK-based entrepreneur or business owner planning to expand into Turkey, navigating the legal system can be complex. The Turkish Commercial Code (TCC) governs company formation, operations, governance, and liquidation — and non-compliance can lead to serious penalties, delays, or even loss of investment.

Unlike the UK’s relatively standardised process, Turkey’s legal structure includes:

• Sector-specific regulations

• Notarised company documents

• Physical registration with trade registries and tax offices

• Local representation requirements for foreign shareholders

Failing to comply can result in delays, fines, or invalid registrations. That’s why it's essential to work with professionals experienced in cross-border company setup.

What Type of Company Should You Open in Turkey?

Turkey offers several legal structures for businesses, and the right one depends on your goals, capital, and operational needs.

Limited Liability Company 

Joint Stock Company 

Branch Office / Liaison Office

How to Start a Business in Turkey from the UK

1. Choose Your Company Type

We advise on the most suitable legal structure based on your business plan.

2. Prepare Required Documentation

Including:

• Passport copies of shareholders

• Company name and activity code

• Articles of Association (in Turkish)

• Power of Attorney (if incorporating remotely)

3. Legal Procedures

• Notarisation of documents

• Obtaining a Turkish Tax ID

• MERSIS (Central Registry) registration

• Opening a corporate bank account

• Registration with the Trade Registry and SGK (social security)

4. Post-Incorporation Compliance

• Registering with the tax office

• Setting up accounting and payroll systems

• Obtaining business licences (if sector requires)

You don’t have to be in Turkey — our London-based lawyers can manage all steps on your behalf through a notarised Power of Attorney.

What Are the Legal Obligations After Incorporation?

Operating a company in Turkey requires ongoing legal compliance:

Annual General Assembly meetings
Corporate books and records (ledger, inventory, share ledger)
Monthly tax declarations (VAT, corporate tax, withholding tax)
Employment contracts and SGK registrations
Annual activity reports and notifications

Failure to meet these obligations can result in financial penalties and operational restrictions.

Why Work with UT Legal?

• Bilingual legal team in London and Istanbul

• Deep knowledge of both UK and Turkish company law

• Full-service incorporation and post-setup support

• No travel needed — everything managed remotely

• Tailored advice for foreign investors, expats

Whether you're launching a local operation, entering a joint venture, or expanding an international business, we act as your legal partner on the ground in Turkey.

Frequently Asked Questions: Starting a Company in Turkey

How long does it take to start a business in Turkey?

Typically 4-6 weeks, if all documents are in order.

Can I register a company in Turkey without going there?

Yes. We handle the entire process using a notarised power of attorney.

Can a UK citizen fully own a Turkish company?

Yes. There are no restrictions on 100% foreign ownership in most sectors.

How much does company formation cost?

The cost of establishing a company in Turkey varies depending on factors such as the company type, share capital, number of shareholders, and legal service requirements. We recommend contacting our team for a tailored estimate based on your specific needs.