Establishing a Joint Stock Company (Anonim Şirket) in Türkiye

1. Legal Framework & Authorities

• Governing Law/Regulation: Turkish Commercial Code (TTK)

• Authorized Authority: The Relevant Trade Registry Directorate (Ticaret Sicil Müdürlüğü)

• Transaction Type: Incorporation / Company Formation

2. Fast-Track Timeline

• Processing Time: Once all documents are submitted, the official registration and announcement by the Trade Registry Directorate are completed in just half a day (1/2 Day).

3. Estimated Costs & Financial Requirements

We believe in absolute financial transparency. The official fees and capital requirements for establishing a Joint Stock Company are structured as follows:

1. Registration Fees: Exempt from statutory registration fees (Harçtan Muaf).

2. Trade Registry Gazette Announcement Fee: 1,337 TL

3. Chamber of Commerce Registration Fee: Calculated dynamically; it cannot be less than 10% or more than 50% of the gross monthly minimum wage (for individuals over 16 years old).

4. Service Fee: Cannot exceed 15% of the gross monthly minimum wage.

5. Competition Authority Share: 0.04% (four ten-thousandths) of the total capital.

6. Initial Capital Deposit Requirement: The minimum legal capital for a Joint Stock Company is 250,000.00 TL. By law, at least 25% of the committed cash capital (62,500.00 TL for the minimum capital requirement) must be deposited into a Turkish bank account prior to registration.

4. Required Documentation

We will assist you in gathering, translating, and notarizing all the necessary paperwork:

1. Articles of Association with notarized signatures of the founders.

2. Bank certificate proving that at least 25% of the cash capital has been deposited.

3. Receipt showing payment of the Competition Authority Share (collected directly by the Trade Registry Directorate during registration).

4. If applicable, valuation reports prepared by court-appointed experts regarding the value of any capital in kind (non-cash assets) or businesses to be acquired during incorporation.

5. If applicable, an official letter from the relevant registry stating that there are no encumbrances/restrictions on the contributed capital in kind.

6. If applicable, documentation proving that annotations have been made in the respective registries for real estate, intellectual property rights, or other assets contributed as capital in kind.

7. If applicable, contracts executed between the founders, the company being established, and third parties regarding the acquisition of assets or businesses.

8. Approval or clearance letters from the Ministry or other official institutions for companies whose incorporation is subject to special governmental permission.

9. If applicable, written declarations of acceptance from board members who are not shareholders.

10. If a legal entity is appointed to the Board of Directors, a notarized copy of the authorized body's resolution stating the name, surname, and appointment of the real person who will act on behalf of the legal entity.

11. Signature declarations of the persons authorized to represent the company, prepared in accordance with Article 40 of the Turkish Commercial Code (TTK).