Can a foreigner set up a company in Türkiye?
Yes. Foreign individuals and companies can set up a limited or joint-stock company in Türkiye, buy into an existing company or open a branch. Foreign shareholders need a Turkish tax ID and must provide their identity or company documents with an apostille and a sworn translation.
Do we need to travel to Türkiye to set up the company?
Most steps can be handled under a power of attorney, notarised and apostilled in your home country. For some steps, such as opening a bank account, banks may ask to meet an authorised signatory in person. We plan the timeline around that.
Limited company, joint-stock company or branch?
For companies that will sell and hire in Türkiye, a limited or joint-stock company is usually the right vehicle; the parent's liability stays limited to its capital. A branch may look simpler, but legally it is part of the parent company, so liability extends to the parent. We choose together based on tax, liability and your future investment plans.
Which obligations start after formation?
Bookkeeping and tax returns; KVKK obligations and VERBİS registration if you process personal data; social-security and employment obligations if you hire; ETBİS registration if you sell online. Foreign-capital companies also report to the Ministry of Industry and Technology at set intervals.
Do foreign employees need a work permit?
Yes. As a rule, foreigners working in Türkiye need a work permit; applications go to the Ministry of Labour and Social Security, and the company is expected to meet certain conditions. Planning this on the same timeline as formation avoids delays.