When an investor wishes to contribute their funds towards the formation of a company in Turkey, there are a few important things they must keep in mind. There are certain procedures one needs to follow while setting up a company in any part of the world. Turkey has its own set of rules for the same which one must be aware and adhere to. 

Once you decide to be an active participant in company formation in Turkey, you need to collaborate with a reputed law firm and seek their consultation and guidance in every step during the process of forming a new company. 

It would be advisable to reach out to a reputed consultancies like https://www.fo-consultancy.com/ that have hands on experience in setting up different types of companies like joint stock companies, holding companies, limited companies, free zone companies, branch offices and others. 

Forming a Company in Turkey

A large number of foreign investors aim at opening a company in Turkey every year. While this is something that should make you feel positive, you must also remember that many investors go through several difficulties while setting up a new company in the country. Apart from having a good legal team on board, you must ensure that you are taking all the right steps at your end.

One of the first questions that pops up in an investor’s mind while investing money in Turkey is how long it will take for a company to be fully operational. Many investors get surprised to know that it takes very little time to set up a company in Turkey. In 2-3 days, a new company can be set up and all the bank accounts and assets related to it will also become operational.

The process of company formation in Turkey will be much faster if the investor is working with partners who are based in the country. If you don’t have local partners, you could set up a team there as soon as you decide to invest in a company and put it together. 

Steps Involved in Forming a Company in Turkey

As per the guidelines laid out by the Turkish Commercial Code, a business organisation, which is being set up in the form of a limited company or LLC, must have at least one partner. This partner could either be a real person or a legal entity. The number of shareholders in the company cannot be more than 50. 

It is important to note that the partner/s could be of foreign or Turkish origin. It is very much possible for partners, who happen to be from a foreign country, to be in charge of all the equity in the company. They will also have the right to get their profit transferred out of Turkey without facing any issues.

Hiring the services of a law firm is a must when you are planning to set up a company in Turkey. The law firm you opt for should have a good reputation as far as offering services pertaining to company formation in Turkey. When in Turkey, the one law firm you can place your trust in without any worry is Foreign Operation Consultancy.