FAQs

QUESTIONS ON STARTING A BUSINESS IN TÜRKİYE

Please reach us at info@taraglobal.services if you cannot find an answer to your question.

Opening a company in Türkiye is not expensive, however, the business owner must consider the company registration fees, the notary fees and the honorary of the Turkish law firm handling the procedure (if one is appointed). Also, company registration fees depend on the structure and type of the company.

Yes. Foreigners have equal rights to open companies, just as nationals. Türkiye welcomes foreign investments in various business fields.

It takes about 2 weeks to set up a company in Türkiye. The procedure takes longer in the case of a branch office. If you need further information on the procedures applied by the Turkish authorities at the incorporation of a company, please contact our team of consultants in Türkiye. We can help with personalized company registration services in Türkiye.

Monthly costs are approximately 500$ – USD. These costs are calculated based on minimum requirements.

The main expenses encountered when establishing a limited company are; Notary fees, sworn translator fees, chamber of commerce registration and announcement fees, limited company establishment service fees, and tax office registration costs. In addition, your limited liability company may have expenses such as municipality license fees, ministry permission and license costs related to its field of activity, in terms of its field of activity and characteristics.

It is possible to register a Turkish company without a Turkish shareholder. The shareholders do not have to be Turkish residents.
We can handle the whole setup process of your company once we receive your approval with your power of attorney. In this way, you do not need to be personally in Türkiye.
Yes, Russians can open a company and a bank account without any restrictions.
Yes. For newly incorporated companies in Türkiye, a registered office is required. Foreign subsidiaries are also required to have a registered office.
The business owner must draw up and submit the Articles of Association, notarize the company documents, deposit the minimum share capital and apply for registration at the Trade Registry Office.

The minimum share capital depends on the type of company. This amount is larger for joint-stock companies than for limited liability companies. Limited liability companies must have a minimum capital of 100,000 TRY.

The bank account is mandatory for the company because the share capital is deposited upon incorporation. Banks will generally request the registration certificate of the company and other documents attesting to the identity of the founding members. Certain fees apply, as per the bank’s policy.

Yes. Import and export activities, for example, are regulated and business owners are required to obtain permits before engaging in this activity.

QUESTIONS ON BUYING A PROPERTY IN TÜRKİYE

Please reach us at info@taraglobal.services if you cannot find an answer to your question.

Citizens of just about every country in the world can buy property in Türkiye. That includes buyers from the United Kingdom, Europe, the US, and the Middle East. In fact, buying property in Turkey is out of bounds for the citizens of just five countries: Syria, Armenia, North Korea, Nigeria, and Cuba. Everyone else, can buy a property.

Citizens of some countries – for example, Iraqis, Iranians, and Palestinians – must obtain permission from the interior ministry before purchasing, while others aren’t permitted to purchase agricultural land in Türkiye.

However, for the vast majority of overseas buyers, purchasing property in Türkiye is simple. The Turkish government has streamlined the property buying process so efficiently that for most, buying Turkish property is a fast and easy exercise that can usually be completed much quicker than in other countries.

In 2019, foreign buyers bought more than 45,000 Turkish properties throughout the country, representing an impressive 15% increase over 2018. Iraqis were the top buyers, followed by Iranians, Russians, Saudis and Afghans who all purchased homes or obtained citizenship by investment.

According to the Fees Code, the total rate of Title Deed Fee is 4 %. Both the purchaser and the seller are liable to pay the title deed fee as 2 % of the price of real estate (except Value Added Tax).

New buyers prefer property along the Turkish Mediterranean coastline, in the Muğla region (which includes Fethiye and Bodrum) and Antalya (Antalya City, Kaş, Belek and Side). These areas began as holiday home strongholds but are now home to a sizeable expat population hailing from the UK and all over Europe. All of these areas are serviced by international airports with easy access back home. Your perfect location to buy property depends on what you’re looking for – a holiday home, retirement pad or city centre bolthole.

Antalya: It has a large expat population and attracts lots of tourists, so could be a good choice for holiday lets. There’s also the option to buy property in Alanya just up the coast, which is known as the ‘Pearl of the Turkish Riviera’.

If you are considering purchasing a property in Türkiye, TAPU is and must be the first Turkish word you should know and understand before signing a contract! The Turkish equivalent of the title deed is the TAPU (Tapu Senedi), which is your only proof that you are the owner of your property. The equation is simple: No TAPU No Ownership!
All you need is your valid passport, Turkish tax number, and 4 passport size photos.

Yes, you actually do. Prior to getting your TAPU and depending on the terms and conditions as agreed with the Seller, you will be asked to pay a “Property Purchase Taxe” of 4,4% based on your purchase price (i.e if you buy a property for 100.000 $ you will have to pay 4400 $ Property Purchase Taxe). This fee has to be paid on the day of delivery of the TAPU.

Our colleagues will handle everything for you, so all you will need to do is come and sign the paperwork.