Established Limited Liability Company (LTD)

When discussing the previous articles on the types of companies in Turkey, we talked about the most popular companies in the field of limited liability companies (LTD) and we will talk in detail about the steps to establish a limited liability company (LTD):

  1. The minimum capital of the company is 10.000 Turkish lira.
  2. One person is enough to establish it.
  3. Any foreigner can be its manager, but after obtaining the residence permit.
  4. Foreigners can own 100% of their shares (all shares).
  5. The license of the company requires a lawyer, but those who are fluent in English or Arabic.
  6. Required documents: A passport valid for at least 6 months with a translated image to be documented by the noter with the number sheet (vergi numarasi).
  7. Preparation of the basic system for the establishment of the company and its ratification by the notary and attach the consular statement of the company's address.
  8. Deposit of 25% of the company's capital in the bank.
  9. Registration of the company in the Commercial Registry Office and Chamber of Commerce.
  10. Submit the original copy in addition to two copies of the company's Articles of Association to the Commercial Registry Office within 15 days from the date of ratification with the Notary.
  11. The Company's system is published publicly in the Official Gazette of the Commercial Register.
  12. The company must be registered with the local tax office.
  13. The tax certificate (vergi levhasi) is received and this certificate is always suspended and displayed clearly in the company's office.
  14. The Finance Tax Officer in Ghosun will visit the company's office for a few days to check the information and the tax certificate.
  15. The Ministry of Labor and Social Security informs the Ministry of Labor and Social Security of the establishment of the company.
  16. The company's founder is required to register all employees, including managers in the Ministry of Labor and Social Security.
  17. Documenting all the company's papers with the notary on the same day of registration of the company in order for the securities to have a fixed date.
  18. The company's founder is required to register all employees of the company without exception in social insurance and pension. The company must pay insurance premiums on a regular basis for each employee, worker or manager in the company and up to 270 pounds for each individual and that the duties of the accountant company arrange and prepare the documents and official documents to make them when the request from the tax official or employees of the Department of Social Security and Social Security The accountant must pay the insurance installments on time because there are penalties for delay.
  19. The founder of the company appoints an accountant who follows the organization of the books of accounts and the submission of periodic data to the Tax Department.
  20. In the case of the assignment of a person or a lawyer for the purpose of establishing the company, the person holding a registered agent must present the application for establishment of the company with the notification form signed by the founder of the company. The signed signatures shall be submitted by the persons authorized to represent the company along with the trade name of the company. The papers shall contain a letter of commitment in accordance with Article 29 of the Commercial Slaughter Regulation and shall show the bank receipt indicating that 25% of the company's capital has been deposited in the account of the Turkish Competition Protection Authority At a public bank or the Central Bank of Turkey.
  21. Provide authenticated copies of the identity certificates of the founders of the real persons and their residence certificates (if they enjoy Turkish residence) and documented copies of the passports, and in case the foreign shareholder is a legal entity, any legal entity or a legal entity, then the original copy The certificate of activity issued by the competent authorities and approved by the Turkish Consulate - or a certified copy along with a certified translation thereof and when any rights and movable and immovable assets are to be placed within the capital of the company to be established, Experts with For him to check the value of these rights and chattels are highlighting the relevant court on the appointment of the decision of the expert.