A Limited Company
A limited company is a company whose capital is definite and divided into shares and is responsible for its debts only with its property holdings. It can be established with a single or with multiple shareholders. The number of shareholders may not exceed fifty. Partners of a limited company may be real or legal persons.
Capital of a Limited Company
The capital of the limited company can be at least 10,000 Turkish Liras. It is possible to pay all of the capital brought in cash within 24 months after the registration of the company. Payment schedule can be arranged in the company contract or may be determined by the directors.
Company Contract
The limited company has a company contract written and registered to the trade registry at the place where its headquarters is. The transfer of its shares is subject to the approval of the general assembly.
Equivalents of the Limited Company worldwide
- United States of America: Limited Liability Company (LLC)
- European Union: Societas Privata Europaea (SPE)
- United Kingdom: Private Limited Company (Ltd, Limited)
Required Documents:
- Notarized Passport or Residence Permit or Turkish ID
- Rental Agreement for the place of the company (Office/Factory/Shop/House)
- The name of the company in English or Turkish
- Activities of the company (you can choose up to 6 activities)
- Company’s capital (It is not necessary to deposit the amount in the bank directly or in full, but there must be financial transactions equivalent to the capital in the company’s account within two years.)
Establishment of Company Includes:
- Main Contract
- Tax Plate
- Commercial Registry Gazette
- Authorized Signatures
- Certificate of Activities
- Accounting Books
- Membership Card
- Stamp
Establishment Fee:
(varies)** contact us for details
Monthly Fees (in Turkish Lira):
Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | Total |
Accountant | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** | *** |
VAT stamp tax | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | 1080 |
Stoppage stamp tax | 105 | 105 | 105 | 105 | 105 | 105 | 105 | 105 | 105 | 105 | 105 | 105 | 1260 |
Advance/temporal tax |
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| 140 |
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| 140 |
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| 140 |
| 420 |
Corporate tax |
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| 400 |
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| 400 |
Commercial room fee |
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| 500 |
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| 500 |
Account. book authorization |
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| 1000 |
| 1000 |
Total | 195 | 195 | 195 | 595 | 335 | 695 | 195 | 335 | 195 | 195 | 1335 | 195 | 4660 |
Other Fees:
- Accountant (varies)
- 25% of rent, except for home-office
- 2,200TL SGK monthly
- 1%, 8%, or 18% VAT
- 25% profit tax, paid every 3 month