Turkish Company Formation Snapshot 2026 — Quick Read
Turkey hosts 2.4M+ active companies across a USD 1.1T+ economy with a young, tech-fluent workforce of 32M and a Customs Union with the EU since 1996. Five legal vehicles dominate: Sole Proprietorship (Şahıs) for solo founders and freelancers; Limited Şirket (LTD) for SMEs (TRY 50,000 minimum capital, 25% corporate tax); Anonim Şirket (AŞ) for scale-ups and pre-IPO companies (TRY 250,000 minimum capital); Branch Office (Şube) for foreign multinationals operating commercially; and Liaison Office (İrtibat Bürosu) for non-commercial representation. Since 2018 MERSIS has digitised the entire articles of association flow, and from 2026 e-Fatura is mandatory for all e-commerce sellers. Foreign founders enjoy full national treatment under Law No. 4875 — 100% foreign ownership is permitted across LTD, AŞ and Branch.
The 2026 Turkish Company Formation Landscape at a Glance
Few jurisdictions offer the same range of vehicles as Turkey — from a one-day sole proprietorship to a fully fledged joint-stock AŞ ready for institutional capital. The cards below summarise the five entity types covered in this guide. Keep them nearby as you read each deep-dive section.
Şahıs Şirketi — Sole Proprietorship
Single founder · No minimum capital · 1–2 day registration · Personal income tax
Limited Şirket — LTD (LLC equivalent)
1–50 shareholders · TRY 50,000 min. capital · MERSIS + notary · TCC Art. 573–644
Anonim Şirket — AŞ (Joint-Stock Company)
1+ shareholder · TRY 250,000 min. capital (25% paid in) · Pre-IPO ready
Şube — Branch Office of a Foreign Company
Extension of the foreign parent · Commercial activity allowed · Subject to Turkish CIT
İrtibat Bürosu — Liaison Office
Non-commercial only · Market research & representation · MoIT permit, 3-year terms
Ready to incorporate your Turkish entity?
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1. Şahıs Şirketi — Sole Proprietorship
What a Şahıs Is in Turkish Law
The Şahıs Şirketi — literally "personal company" — is the simplest legal vehicle in Turkey. Despite the word "şirket" (company), it is technically not a separate legal entity: in tax and civil-law terms the founder and the business are the same person. The structure exists in two main flavours: the Adi Şirket (ordinary partnership, regulated by the Code of Obligations Art. 620–645) and the more common single-founder Gerçek Kişi Tacir (individual merchant) form. In e-commerce contexts the latter is what most "şahıs" sellers use.
Formation is the fastest of any Turkish vehicle. The founder registers at the local Vergi Dairesi (tax office) with an identity card or apostilled passport, a lease for the registered office and a signature declaration. Registration with the local Esnaf Odası (artisan chamber) or Ticaret Odası (chamber of commerce) follows depending on the activity classification. The entire process typically completes in 1–2 business days.
Capital, Tax and Liability
There is no minimum capital requirement. Personal and business assets are not legally separated — the founder is personally liable for every business debt with their personal assets, including post-formation taxes. This is the single most important trade-off versus an LTD or AŞ: speed and simplicity in exchange for unlimited personal liability.
A Şahıs pays Gelir Vergisi (personal income tax) on net business profit, taxed on the standard progressive brackets that in 2026 run from 15% up to 40%. KDV (VAT, currently 20% standard rate), Stopaj (withholding tax) on rent and freelance payments, BAĞ-KUR self-employment social security and Geçici Vergi (provisional quarterly income tax) also apply. The headline advantage is the simpler Basit Usul (simplified taxation) regime that small Şahıs traders below specific turnover thresholds can elect — limited bookkeeping, lighter reporting and in some cases an outright income-tax exemption (Article 9 of the Income Tax Law was expanded in 2021 to cover qualifying e-commerce sellers under specific thresholds).
When a Şahıs Makes Sense in 2026
- Solo founders testing an idea with low fixed costs and minimal capital exposure
- Freelancers and consultants invoicing under their own name — Şahıs is the default vehicle for the entire creative-services sector
- Small marketplace sellers in the early validation phase, who want to start invoicing on Trendyol or Hepsiburada within a week
- Founders below the e-Fatura threshold who can use e-Arşiv as their invoicing modality
When to Outgrow a Şahıs
The transition from Şahıs to LTD is one of the most common operations Turkish accountants perform. Triggers include: turnover crossing TRY 3M (mandatory e-Fatura), bringing a co-founder on board, raising external capital, and tax efficiency at higher income levels — the 40% personal income bracket starts becoming punishing above roughly TRY 1.9M annual net profit (2026 bracket), at which point the LTD's flat 25% corporate tax is mathematically more efficient.
💡 Read the full Sole Proprietorship setup guide
Deep dive into Şahıs registration, NACE activity codes, e-Arşiv vs e-Fatura, BAĞ-KUR premiums and the most common transition triggers to LTD in 2026.
2. Limited Şirket (LTD) — The SME Default
The Most Popular Turkish Vehicle
The Limited Şirket, abbreviated Ltd. Şti., is the dominant company form for Turkish SMEs — analogous to the UK's Ltd, Germany's GmbH or France's SARL. It is governed by Articles 573–644 of the Turkish Commercial Code (Türk Ticaret Kanunu, Law No. 6102), in force since 2012 with the latest substantial amendments in 2024.
An LTD can be founded by between 1 and 50 shareholders (real persons or legal entities, Turkish or foreign). Crucially for newer founders, 100% single-shareholder Ltd. Şti. are permitted — the requirement to have at least two shareholders was removed in the 2012 TCC. A single director (Müdür) is mandatory; at least one director must be a shareholder, but the director need not be a Turkish citizen or resident.
Minimum Capital — TRY 50,000 in 2026
Following the late-2023 amendment to the TCC (Law No. 7511), the minimum capital for an LTD was raised from TRY 10,000 to TRY 50,000 with full effect from 1 January 2024 (transitional grace for existing companies through 2026). The capital may be contributed in cash or in kind; cash contributions need not be deposited in a blocked bank account before registration (this is one of the key differences versus AŞ, where 25% must be deposited up front).
Formation Process — 3 to 5 Business Days
- MERSIS draft articles of association — created online on the Ministry of Trade's portal; auto-generated standard template available or custom drafted
- Notary approval — founders' signatures notarised on the MERSIS-printed articles; from 2026 fully electronic signing via e-İmza is also accepted
- Potential tax registration — Vergi Dairesi assigns a tax number; for foreign founders the same office issues a potential tax number beforehand
- Trade Registry filing — at the appropriate Ticaret Sicili Müdürlüğü (Istanbul, Ankara, İzmir, Bursa etc.); Chamber of Commerce membership simultaneously
- Signature circular (İmza Sirküleri) — notarised by the same notary; required to open the company bank account
- Bank account & capital deposit — open the corporate account with the MERSIS number and signature circular; deposit the share capital
- SGK employer registration — required as soon as the first employee is hired
- e-Fatura activation — at GİB if the company will exceed the threshold or sells via e-commerce platforms
Tax Profile — 25% Corporate Income Tax
An LTD pays Kurumlar Vergisi (corporate income tax) at 25% of taxable profit in 2026 (raised from 23% in 2023 and from the original 20% in earlier years). Distributed dividends are then subject to 10% withholding tax (reduced under most of Turkey's 90+ double-taxation treaties — typically 5–15% depending on shareholder type and shareholding percentage). KDV is 20% standard, 10% reduced and 1% super-reduced. The minimum corporate tax (yurt içi asgari kurumlar vergisi) introduced for accounting periods starting 2026 imposes a 10% floor on adjusted commercial profit — designed to neutralise aggressive incentive-stacking by large companies.
Liability and Governance
Shareholders' liability is limited to the unpaid portion of their share capital — the foundational protection of the LLC form. Directors carry broader personal liability under the TCC (Art. 553) for breach of duty, and under Tax Procedure Law (Art. 10 of Law No. 6183) directors are jointly and severally liable with the company for unpaid public-law debts (taxes, SGK premiums, customs duties). The signature circular and the operational mandates within it determine which director can validly bind the company.
Public-law debt liability: Even with limited liability, Turkish company directors carry personal liability for unpaid tax and SGK premiums via Art. 35 and Art. 10 of Law No. 6183. Treat tax filings and SGK payments as personal obligations, not company obligations. See compliance bundle →
📘 Read the full Limited Şirket formation guide
MERSIS step-by-step, articles of association template, Mali Müşavir handover, Trendyol/Hepsiburada Bayi onboarding and 10-minute Zunapro post-formation activation.
3. Anonim Şirket (AŞ) — The Scale-Up & Pre-IPO Vehicle
Turkey's Joint-Stock Company
The Anonim Şirket, abbreviated A.Ş., is the Turkish joint-stock company — broadly equivalent to a US Inc., a German AG or a French SA. It is the only Turkish vehicle that can be listed on Borsa İstanbul and the standard vehicle for venture-capital and private-equity transactions in 2026. The legal basis is TCC Articles 329–562.
An AŞ can be founded by a single shareholder — the formerly required minimum of five founders was removed by the 2012 TCC. There is no upper limit on the number of shareholders. The governance bar is higher than for an LTD: a Board of Directors (Yönetim Kurulu) with at least one member is mandatory (closely held AŞ); listed AŞ require at least one independent director and SPK-driven committee structures. Share certificates can be issued as registered (nama yazılı) or bearer (hamiline yazılı) — the 2020 amendment requires bearer shares to be deposited in MKK (Central Securities Depository), a meaningful anti-money-laundering tightening.
Minimum Capital — TRY 250,000 (25% Paid In)
The 2023 amendment raised the AŞ minimum capital from TRY 50,000 to TRY 250,000, with full effect from 1 January 2024. At least 25% of cash contributions must be paid into a blocked bank account before registration; the balance must be paid within 24 months. Registered-capital (kayıtlı sermaye) AŞ — relevant to companies planning future capital raises — have a higher TRY 500,000 minimum to unlock the registered-capital regime (the standard structure for scale-ups planning multiple funding rounds).
Why Founders Pick AŞ over LTD
- Share-class flexibility — multiple classes of shares (preferred, voting-weighted, non-voting) are easier to structure in an AŞ; standard for VC term sheets
- Free transferability — AŞ shares are freely transferable without the LTD's notarial transfer requirement
- IPO pathway — only AŞ can list on Borsa İstanbul
- Investor preference — Turkish VC funds, ESOP plans and convertibles all assume an AŞ baseline
- Anti-dilution mechanics — the registered-capital regime allows the board to issue new shares within board-approved limits without re-running a shareholders' meeting for each round
Tax and Reporting
An AŞ is taxed identically to an LTD — 25% corporate income tax, 10% dividend withholding (treaty-reducible), 20% standard KDV. The reporting bar is higher: AŞ above specific size thresholds (TCC Art. 397/4) must undergo a statutory independent audit — 2026 thresholds are roughly TRY 150M total assets, TRY 300M net sales, or 150 average employees, exceeding any two for two consecutive years.
📊 Read the full Anonim Şirket formation guide
AŞ articles of association template, board structure, kayıtlı sermaye regime, MKK bearer-share deposit and the VC-ready ESOP setup checklist for 2026.
4. Şube (Branch Office) — Foreign Company Extension
A Commercial Arm of a Foreign Parent
A Şube, or Branch Office, is the legal extension of a foreign company into Turkey — not a separate legal entity, but a Turkish-registered arm that can sign contracts, invoice customers, hire local staff and conduct any commercial activity authorised by the parent's charter. The Şube is registered with the same Trade Registry as a domestic company but the parent remains the legal person.
Branch establishment is governed by TCC Articles 40 and 122, by the Foreign Direct Investment Law No. 4875, and by Communiqué Serial No. 50 (Trade Registry). The 2003 FDI law guarantees national treatment for foreign investors — a Branch enjoys substantially the same rights and bears the same obligations as a domestic Turkish company.
Documentation — The Apostille Bottleneck
Branch registration is procedurally heavier than an LTD because every parent document must be apostilled (or consularised, for non-Hague-Convention jurisdictions) and translated by a sworn Turkish translator:
- Parent's certificate of incorporation and good-standing certificate — apostilled and translated
- Parent's articles of association — apostilled and translated
- Parent's board resolution authorising the Branch and appointing the Branch Manager
- Power of Attorney for the Branch Manager — apostilled and translated
- Parent's recent financials if requested by the Trade Registry
End-to-end timeline runs 2–4 weeks, dominated by the document chain. Once apostilled and on file, the rest of the process — MERSIS draft, Trade Registry filing, tax registration, bank account, e-Fatura activation — mirrors the LTD flow.
Capital — Allocation, Not Statutory Floor
There is no statutory minimum capital for a Branch — the parent allocates working capital based on the Branch's expected operations. In practice, Trade Registries expect a credible allocation; many Istanbul Trade Registries will not register a Branch with an allocated capital below TRY 100,000–200,000 without additional justification. Allocated capital can be paid in TRY or in convertible foreign currency.
Tax Profile
The Branch is treated as a limited liability taxpayer in Turkey — corporate income tax at 25% on Turkish-source income, KDV on Turkish supplies. Profit remittance to the parent is treated like a dividend distribution and attracts 10% branch-remittance withholding (treaty-reducible). Branches must keep separate Turkish books, file Kurumlar Vergisi returns and (above the e-Fatura threshold) issue invoices via the GİB system. Liaison Offices, by contrast, are exempt from corporate tax entirely (see next section).
Branch vs Turkish Subsidiary — When Each Wins
- Pick a Branch when: parent already has a strong brand, the Turkish operation will mirror parent activities, head office wants central control, single set of consolidated accounts is preferred
- Pick a Turkish LTD/AŞ subsidiary when: limited-liability ringfencing is important, Turkish JV partners are involved, future spinoff or local listing is contemplated, the Turkish entity will pursue activities outside the parent's charter
🌍 Read the full Branch Office setup guide
Apostille checklist, Branch Manager PoA template, allocated-capital benchmarks, MERSIS for Branch filings and the 25% branch-remittance withholding playbook.
5. İrtibat Bürosu (Liaison Office) — Non-Commercial Representation
The Non-Trading Foothold
An İrtibat Bürosu, or Liaison Office, is a Turkish presence for a foreign parent that is strictly prohibited from any commercial activity. The Liaison Office cannot sign sales contracts, cannot invoice, cannot generate revenue and cannot acquire local customers as a party. Its permitted scope is limited to: market research, market entry feasibility studies, technical support to the parent's existing Turkish customers, marketing & communications, supplier liaison and quality control.
Liaison Offices are licensed by the Ministry of Industry and Technology — General Directorate of Incentive Implementation and Foreign Investment (formerly under Ministry of Economy). The legal basis is the Implementing Regulation on Foreign Direct Investment Law (Articles 6–8). Permits are issued for an initial 3-year term, renewable in 5-year increments up to a maximum of 10 years in most categories — beyond which the parent is expected to upgrade to a Branch or a Turkish subsidiary if commercial activity is contemplated.
Funding and the USD 25,000 Operating Budget Rule
The Liaison Office must be funded by foreign currency transferred from the parent abroad — Turkish-source revenue is by definition forbidden. The Ministry of Industry and Technology applies a USD 25,000 minimum annual operating budget rule as an indicative threshold for the first permit application, demonstrated by either bank statements of the parent or a forward commitment in the application file. Annual activity reports must be submitted to the Ministry confirming non-commercial status and the budget actually transferred.
Tax Profile — Effectively Zero Turkish Tax
Because the Liaison Office is non-commercial, it is exempt from Turkish corporate income tax. Local staff salaries — provided they are paid from foreign-currency funds transferred for the Liaison Office's operations — are exempt from income tax under Income Tax Law Article 23/14 (the conditions are strict: salaries must be paid in foreign currency that arrived from abroad). SGK premiums are still due (employer + employee social security contributions). The Liaison Office is, in effect, the cheapest legal Turkish presence available to a foreign company.
When a Liaison Office Is the Right Call
- Foreign company exploring the Turkish market for 6–24 months before committing
- Need a local procurement / sourcing presence to manage Turkish suppliers
- Aftersales technical support office for an industrial product line whose contracts are signed abroad
- Marketing-only outpost for a global brand whose Turkish sales remain cross-border
The Liaison Office is not the right call once the Turkish operation needs to invoice anyone in Turkey, sell on a Turkish marketplace, hire a sales team with commission, or sign Turkish customer contracts. At that inflection point a Branch or LTD upgrade is mandatory.
🏛️ Read the full Liaison Office guide
Ministry of Industry and Technology application checklist, USD 25,000 operating budget evidence, permitted scope of activities and the upgrade path to Branch / LTD when commercial activity begins.
Side-by-Side Comparison Table 2026 — All Five Structures
The single most useful artefact for picking a structure is a side-by-side view. The table below summarises 2026 minimum capital, formation time, tax rate and the headline pros and cons.
| Structure | Min. Capital | Formation Time | Tax Rate (2026) | Liability / Notes |
|---|---|---|---|---|
| Şahıs (Sole Prop.) | None | 1–2 days | 15–40% PIT | Unlimited personal liability · simplest bookkeeping |
| Limited Şirket (LTD) | TRY 50,000 | 3–5 days | 25% CIT + 10% div. WHT | Limited liability · 1–50 shareholders · most popular SME form |
| Anonim Şirket (AŞ) | TRY 250,000 (25% paid in) | 5–10 days | 25% CIT + 10% div. WHT | Limited liability · board structure · IPO & VC ready |
| Şube (Branch) | Allocated by parent (no floor) | 2–4 weeks | 25% CIT + 10% remittance WHT | Parent jointly liable · apostille-heavy |
| İrtibat Bürosu (Liaison) | USD 25,000 annual budget | 2–4 weeks | 0% (non-commercial) | No revenue allowed · 3-yr permits, 10-yr cap |
Reading the table: Şahıs is the cheapest and fastest but leaves the founder fully exposed. LTD is the universal SME default — limited liability with a moderate capital commitment. AŞ is the upgrade path once external investors, share classes or an IPO are realistic. Branch fits established foreign groups wanting to mirror activities, and Liaison Office is the patient-money toehold for foreign companies still researching the Turkish market.
Turkish Legal Framework 2026 — What Changes
Turkish Commercial Code (TTK) — The Backbone
The Turkish Commercial Code (Türk Ticaret Kanunu, Law No. 6102), in force since 1 July 2012, is the master statute governing every Turkish company. Key 2024–2026 amendments include the capital raise (LTD to TRY 50,000, AŞ to TRY 250,000) effective 1 January 2024 under Law No. 7511, expanded e-signature recognition in articles of association, and the 2020-era bearer-share dematerialisation that flows into MKK deposit obligations.
MERSIS — The Central Registry
The Merkezi Sicil Kayıt Sistemi (MERSIS) is the Ministry of Trade's online central registry. Every Turkish company has a 16-digit MERSIS number issued at the moment the founder drafts the articles of association in MERSIS. Since 2018 the MERSIS draft is the legally definitive version of the articles — the notary and Trade Registry validate the MERSIS file, they don't independently re-key it. From 2026 e-signature signing of the MERSIS articles is fully supported, removing the last paper bottleneck in the formation flow.
e-Fatura, e-Arşiv, e-Defter
Turkey's e-invoicing stack, administered by the Revenue Administration (Gelir İdaresi Başkanlığı — GİB), is one of the most mature in the world. Communiqué 509 (and its progressive amendments) governs which taxpayers must use which modality:
- e-Fatura — mandatory for companies above TRY 3M gross sales (2026 threshold) and for all e-commerce sellers regardless of turnover. UBL/XML structured format submitted via the GİB portal or an authorised integrator. Sales between two e-Fatura users settle in the closed-loop GİB system.
- e-Arşiv Fatura — modality for B2C and for B2B counterparties not on e-Fatura. Single-XML invoices submitted to GİB; PDF presented to the customer.
- e-Defter — mandatory electronic ledger (journal and general ledger) for e-Fatura users, submitted monthly to GİB with mali mühür (financial seal) signature.
- e-İrsaliye (e-Waybill) — electronic delivery note for shipments; mandatory for e-Fatura users.
SGK — Social Security Institution
The Sosyal Güvenlik Kurumu (SGK) administers employer and employee social security. Standard 2026 contribution rates run roughly 22.5% employer + 14% employee on gross salary, with unemployment insurance adding 2% + 1%. Şahıs founders pay BAĞ-KUR (4/a-b regime). SGK debt is a public-law debt — directors carry joint and several liability for unpaid premiums.
Foreign Direct Investment Law No. 4875
The 2003 FDI law grants foreign investors national treatment and free repatriation of profits, with no general restriction on foreign ownership. Restrictive licensing remains for banking, insurance, energy, broadcasting, civil aviation and defence. Cross-border investment notifications to the Ministry are post-facto rather than approval-based for most sectors.
Compliance is not optional in 2026. e-Fatura, e-Defter, e-İrsaliye, JPK-style KDV reporting, SGK monthly returns and Kurumlar Vergisi quarterly Geçici Vergi are enforced with real penalties. Zunapro bundles a Turkish compliance pack — automated e-Fatura/e-Arşiv issuance to GİB, marketplace KDV mapping, SGK-ready payroll exports — alongside marketplace integrations. See compliance bundle →
Post-Formation Operations & e-Fatura Reality
The First 30 Days After Registration
Most founders underestimate how much of the work happens after the Trade Registry filing rather than before. A typical first-30-day checklist for a Turkish LTD looks like:
- Sign engagement with a Mali Müşavir (Certified Public Accountant) — required by Law No. 3568 for almost every legal entity
- Open the corporate bank account and complete capital deposit confirmation
- Apply to GİB for e-Fatura activation if relevant; provision the Mali Mühür (financial seal e-signature certificate)
- Register the first employee with SGK; activate the employer file
- Sign a sublease or co-working address that the tax office can inspect
- Apply to the marketplaces — Trendyol Bayi, Hepsiburada HBİT, N11, Çiçeksepeti, Amazon.com.tr Seller Central — each of which requires the freshly issued tax certificate, signature circular and trade registry gazette
- Wire the first SGK premium and first KDV cycle by the appropriate due dates
e-Fatura Practical Mechanics
For an e-commerce-active company the e-Fatura layer is where most operational pain accumulates. Every order on every marketplace must result in an invoice: e-Fatura if the counterparty is a registered e-Fatura user (any business above the TRY 3M threshold and every e-commerce-active company), e-Arşiv otherwise. Each invoice is an XML document with a strict UBL schema, signed with the Mali Mühür certificate, transmitted to GİB and acknowledged with a unique invoice serial. Zunapro auto-issues both modalities in real time when a marketplace order is captured, stores the GİB acknowledgement against the order and surfaces the PDF to the customer.
KDV Filing Cycle
Standard KDV filings are monthly — the KDV-1 Beyannamesi is filed by the 28th of the following month, with payment due by the same date. Marketplaces apply withholding (tevkifat) on certain categories; Zunapro maps platform-by-platform tevkifat rates and produces a KDV-ready ledger your Mali Müşavir can reconcile and file without manual marketplace-by-marketplace export work.
Geçici Vergi — Quarterly Provisional Tax
Both LTD and AŞ make quarterly provisional corporate tax payments (Geçici Vergi) at 25% of estimated cumulative profit, due by the 17th of the second month after each quarter. The annual Kurumlar Vergisi return reconciles the provisional payments at year end; over-payments are credited or refunded.
Cross-Border Selling From Turkey — EU Customs Union & Beyond
The 1996 EU Customs Union Advantage
Turkey's Customs Union with the European Union since 1996 is one of its single largest competitive advantages: industrial goods produced in Turkey enter the EU's 27 member states essentially duty-free, and conversely. This makes Turkey a uniquely attractive manufacturing and e-commerce hub for selling into Germany, France, Italy, the Netherlands, Poland and the rest of the EU.
The Stack for Cross-Border e-Commerce
A typical 2026 cross-border seller registered as a Turkish LTD operates across:
- Turkish marketplaces — Trendyol, Hepsiburada, N11, Çiçeksepeti, Amazon.com.tr
- European Amazon marketplaces — Amazon.de, Amazon.fr, Amazon.it, Amazon.es, Amazon.nl, Amazon.pl, Amazon.se
- EU-specific marketplaces — Allegro (Poland), Otto (Germany), Cdiscount (France), Bol.com (Netherlands)
- Own-shop traffic — Shopify, WooCommerce, the Zunapro storefront, with PayTR / İyzico checkout
VAT Reality — OSS, IOSS and Distance-Selling Thresholds
Selling cross-border from a Turkish legal entity into EU consumers requires careful VAT planning:
- OSS (One Stop Shop) — EU's single-window VAT regime for B2C distance sales above the €10,000 pan-EU threshold; non-EU sellers register via the Non-Union scheme (typically in a chosen EU member state)
- IOSS (Import One Stop Shop) — for B2C consignments below €150 imported into the EU; allows VAT to be charged at checkout and remitted via the IOSS number, avoiding doorstep VAT collection
- Customs Union goods — products certified with the A.TR Movement Certificate circulate duty-free between Turkey and the EU; non-industrial goods (agriculture, coal & steel under specific tariffs) require an EUR.1 certificate of origin instead
- Turkey domestic KDV — exports out of Turkey are KDV-exempt with input-VAT recovery; the operational complexity is documentation
🌍 One Turkish LTD, 30+ marketplaces across EU + MENA
Zunapro orchestrates Trendyol, Hepsiburada, N11, Amazon TR/DE/FR/IT/ES/NL/PL, Allegro and 20+ other regional marketplaces — one master catalog, multi-currency pricing, consolidated KDV + OSS reporting.
How to Set Up a Company in Turkey — 2026 Step-by-Step
1. Choose Your Structure (Decision Tree)
- Solo founder, low capital, fastest start → Şahıs Şirketi
- SME, 1–50 shareholders, limited liability default → Limited Şirket (LTD)
- Pre-IPO, VC-backed, multiple share classes → Anonim Şirket (AŞ)
- Established foreign parent wants commercial Turkish arm → Branch Office
- Foreign parent exploring market, no Turkish revenue yet → Liaison Office
The typical winning configuration in 2026 for a founding e-commerce team is Limited Şirket + a single Mali Müşavir engagement + e-Fatura activation from day one, with the option to upgrade to AŞ once external capital is on the table.
2. Pre-Formation Documentation
- Turkish founder: ID card, signature declaration, lease for registered office
- Foreign founder: apostilled passport copy with sworn Turkish translation, Turkish potential tax number issued by any Vergi Dairesi, lease or virtual office contract
- Activity scope (NACE code): select the right NACE economic activity codes — marketplace selling generally falls under 47.91.16 (retail trade via internet)
- Trade name search: confirm name availability in MERSIS
- Capital amount: TRY 50,000 (LTD) or TRY 250,000 (AŞ) — decide whether all-in cash or in-kind contribution
3. MERSIS Draft + Notarisation
Log into mersis.gtb.gov.tr, create the company file, draft the articles of association using the standard MERSIS template or a custom drafted version. Submit and obtain the system-generated PDF. Visit a notary with all founders (or with notarised PoAs) and sign the articles. From 2026 fully electronic e-İmza signing is supported, removing the in-person notary trip for many configurations.
4. Tax Office Registration + Trade Registry Filing
The MERSIS file flows automatically to the local Ticaret Sicili Müdürlüğü. Once the Trade Registry approves, the company is published in the Türkiye Ticaret Sicili Gazetesi (Trade Registry Gazette) — your company effectively exists from this publication date. The local Vergi Dairesi assigns the corporate tax number and prints the vergi levhası (tax certificate).
5. Bank Account + Signature Circular
With the MERSIS number, Trade Registry Gazette and notarised İmza Sirküleri (signature circular), open the corporate bank account at your bank of choice. Cash capital can be deposited at this point for LTD or topped up to the 25% paid-in minimum for AŞ.
6. e-Fatura, e-Defter, Mali Mühür Activation
Apply at the GİB e-Fatura portal for Mali Mühür — the financial-seal certificate that signs every outbound e-invoice. The mali mühür arrives on a hardware token (USB) or as a cloud-based certificate. With the certificate active, e-Fatura, e-Arşiv and e-Defter are switched on. Zunapro integrates with the GİB API and stores Mali Mühür securely as a per-tenant resource.
7. SGK Employer Registration + Marketplace Onboarding
If you will employ staff, register at the local SGK office; the first employee triggers employer file creation. For marketplaces, prepare the tax certificate, Trade Registry Gazette, signature circular and IBAN, then run the Trendyol/Hepsiburada/N11/Çiçeksepeti onboarding flows. Activation typically completes in 2–7 business days per marketplace.
8. Connect via Zunapro (10-Minute Activation)
- Sign in to Zunapro and open the Turkey module
- Connect MERSIS & GİB — paste your MERSIS number, upload Mali Mühür certificate, link e-Fatura
- Connect each marketplace — Trendyol, Hepsiburada, N11, Çiçeksepeti, Amazon.com.tr (and cross-border Amazon DE/FR/IT/ES/NL/PL, Allegro)
- Map your master catalog — Zunapro auto-suggests category mappings; you confirm with a few clicks
- Enable e-Fatura + payment + shipping — single toggle each
- Go live — first sync completes in roughly 10 minutes for a 1,000-SKU catalog
From freshly-incorporated to fully-operational in one panel
e-Fatura · marketplaces · payments · KDV reports · multi-currency pricing · OSS for EU cross-border — one catalog, one inventory, one finance ledger. 10-minute integration, no demo required, no long contracts.
Start Turkish Formation Now →Turkish Company Formation FAQ 2026
Which company type is best for setting up a business in Turkey in 2026?
It depends on scale and risk profile. A Şahıs (Sole Proprietorship) is fastest and cheapest (1–2 days, no minimum capital) but exposes personal assets to unlimited liability. A Limited Şirket (LTD) is the most common choice for SMEs — TRY 50,000 minimum capital, limited liability, fixed 25% corporate tax. Anonim Şirket (AŞ) suits scale-ups planning equity rounds or IPO with TRY 250,000 minimum capital.
For foreign multinationals, a Branch Office mirrors the parent's activities under Turkish law, while a Liaison Office is non-commercial only — strictly for market research and representation, with zero local revenue.
What is the minimum capital to set up a company in Turkey in 2026?
Following the 2024 update to the Turkish Commercial Code, 2026 minimums are: Sole Proprietorship — no minimum capital; Limited Şirket (LTD) — TRY 50,000; Anonim Şirket (AŞ) — TRY 250,000 (with at least 25% paid up before registration); Branch Office — capital allocated by the foreign parent (no statutory floor but practical floor of TRY 100,000–200,000); Liaison Office — no capital, but must demonstrate USD 25,000 minimum annual operating budget transferred from abroad.
Cash capital can be deposited in stages for an LTD; for an AŞ, 25% must be blocked in a bank account before Trade Registry filing.
Can foreigners own 100% of a Turkish company in 2026?
Yes. Under Foreign Direct Investment Law No. 4875, foreign natural persons and legal entities enjoy national treatment — 100% foreign ownership is permitted across LTD, AŞ and Branch structures, with no requirement for a Turkish partner or director.
A valid Turkish potential tax number (issued by any local Vergi Dairesi against an apostilled passport copy) and an apostilled passport copy are required. Banking, energy, defence, broadcasting and a small number of strategic sectors retain sector-specific licensing requirements, but the default rule across e-commerce, services, manufacturing and trade is unrestricted foreign ownership.
How long does it take to register a company in Turkey?
In 2026, MERSIS and e-signature integration make Turkish company formation among the fastest in Europe: Sole Proprietorship — 1–2 business days; Limited Şirket — 3–5 business days end-to-end; Anonim Şirket — 5–10 business days (longer because of the 25% paid-in capital evidencing); Branch Office — 2–4 weeks (dominated by apostilled parent documents); Liaison Office — 2–4 weeks (subject to Ministry of Industry and Technology approval).
The fastest practical path is a single-shareholder LTD with a virtual-office registered address, MERSIS template articles of association and an e-İmza-equipped founder — door-to-door under one week is now routine.
What is MERSIS and why does it matter for company formation?
MERSIS (Merkezi Sicil Kayıt Sistemi — Central Registry Record System) is the Ministry of Trade's online portal where every Turkish company is now registered. Since 2018 the entire articles of association, shareholder list and Trade Registry filing must be created in MERSIS first; the notary and Trade Registry then validate the MERSIS draft rather than rekeying it.
From 2026 the system supports full e-signature signing — paper articles of association are obsolete for many LTD and AŞ configurations. Every Turkish company has a unique 16-digit MERSIS number that travels with it through banking, tax and marketplace onboarding.
How much is corporate tax in Turkey in 2026?
The standard corporate income tax rate in Turkey is 25% in 2026 (raised from 23% in 2023 and 20% in earlier years). Banks, financial institutions and insurance companies pay 30%. Dividend withholding is 10%, reducible under most of Turkey's 90+ double-taxation treaties.
The minimum corporate tax (yurt içi asgari kurumlar vergisi) introduced for accounting periods starting 2026 sets a 10% floor on adjusted commercial profit, designed to neutralise aggressive incentive stacking. Sole Proprietorships are subject to personal income tax instead — progressive brackets running from 15% up to 40% in the highest bracket.
What is e-Fatura and is it mandatory in 2026?
e-Fatura is Turkey's mandatory electronic invoicing system administered by the Revenue Administration (GİB). In 2026 it is compulsory for any taxpayer whose previous-year gross sales exceed TRY 3 million, plus all e-commerce sellers regardless of turnover per Communiqué 509 amendments.
Invoices issued to non-e-Fatura users (typically B2C and small business) use the e-Arşiv modality instead — same XML/UBL schema, different routing. Both are issued via the GİB portal or via integrators like Zunapro that submit the structured invoice and store the GİB acknowledgement against the underlying order.
What is the difference between a Branch Office and a Liaison Office in Turkey?
A Branch Office (Şube) is a commercial extension of a foreign parent — it can sign contracts, invoice customers, hire employees, generate revenue and is subject to 25% corporate tax on Turkish-source income, plus 10% branch-remittance withholding when profits are sent home.
A Liaison Office (İrtibat Bürosu) is strictly non-commercial — it can only conduct market research, marketing, supplier liaison and parent representation. Liaison offices cannot invoice, cannot generate revenue and are exempt from corporate tax. Liaison Office permits run 3-year terms, renewable up to a 10-year cap in most categories; beyond that, the parent is expected to upgrade to a Branch or LTD if commercial activity begins.
Do I need a Turkish address to register a company in Turkey?
Yes. Every Turkish legal entity must have a registered office (kayıtlı merkez) within Turkey at the time of formation, evidenced by a lease agreement, title deed or a virtual office contract with a licensed provider. The address determines which Chamber of Commerce and tax office have jurisdiction.
Virtual office contracts from licensed providers (typically TRY 1,000–3,000/month in Istanbul) satisfy the requirement for early-stage companies. Many Istanbul, Ankara and Izmir co-working operators offer MERSIS-ready virtual addresses with mail handling, signage and a tax-office-inspection-compliant entry on the building registry.
What ongoing compliance costs should I budget for in Turkey in 2026?
Typical annual costs for a small Turkish LTD in 2026: Mali Müşavir (accountant) TRY 36,000–84,000/year; e-Fatura/e-Arşiv integrator TRY 2,400–7,200/year; Chamber of Commerce dues TRY 2,000–6,000/year; Trade Registry annual filings TRY 1,500–4,000; tax stamp (damga vergisi) on contracts variable; SGK employer contributions ~22.5% on each gross salary; KDV monthly filings typically bundled into the accountant fee.
Sole Proprietorships save roughly 40–50% on these recurring fees because of simplified bookkeeping. Above the Basit Usul thresholds, however, a Şahıs's compliance cost converges with the LTD's.
Can I open a Turkish bank account as a foreign founder?
Yes, but the process tightened significantly in 2024–2026 under MASAK (anti–money-laundering) and FATF compliance pressure. Foreign founders need: a Turkish potential tax number (issued by any local Vergi Dairesi on presentation of an apostilled passport copy), proof of address in Turkey or abroad, and an in-person branch visit at most banks.
Major banks for company accounts in 2026 include Garanti BBVA, İş Bankası, Akbank, Yapı Kredi, Ziraat Bankası and QNB Finansbank. Once the company is incorporated, the company account is opened with the MERSIS number, articles of association, signature circular and tax certificate; expect 1–2 branch visits and 3–10 business days.
How does Zunapro help after company formation?
Once your Turkish LTD, AŞ or Sole Proprietorship is registered, Zunapro centralises everything that comes next: e-Fatura/e-Arşiv issuance to GİB, marketplace integration with Trendyol, Hepsiburada, N11, Çiçeksepeti and Amazon.com.tr, multi-marketplace inventory sync, PayTR / İyzico / Garanti payment reconciliation, KDV ledger export ready for your Mali Müşavir, and OSS reporting if you sell cross-border into the EU.
One panel, all post-formation operations. Connect on day one of your tax registration; the marketplace and e-Fatura modules are reusable across every Turkish entity type covered in this guide.
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