Can Foreigners Set Up a Company Online in Turkey?
Foreigners can partially complete the company formation process online, but some steps require in-person procedures. Here’s a detailed breakdown:
Online Steps for Company Formation
Application via MERSIS (Central Registry Recording System)
- The initial registration can be done online through MERSIS, where the company’s articles of association and incorporation documents are submitted digitally.
- The Trade Registry Office processes the application, and the company registration number is issued online.
Tax ID & Bank Account
- A provisional tax number can be obtained online, but foreign partners may need to submit notarized translations of their passports and other documents in person.
- Some banks allow online account opening, but foreigners may need to provide additional documents (passport, residence permit) at a branch.
Document Preparation
- The company’s articles of association and signature circulars can be prepared digitally but require notarization in person.
- Foreign-language documents must be apostilled (if applicable) and submitted with a notarized Turkish translation.
In-Person Requirements
Notary & Trade Registry Office Submission
- Founders must sign documents in front of a notary and submit them to the local Trade Registry Office.
- Foreign partners must provide original or certified copies of passports and proof of address.
Work Permit & Licenses (If Applicable)
- Foreign directors/shareholders may need a work permit, requiring an application to the Ministry of Labor and Social Security (in person or via a legal representative).
- Certain business activities require additional permits from municipalities or government agencies.
Capital Deposit
- For limited companies (Ltd. Şti.), at least 25% of the capital must be deposited in a Turkish bank (not required for joint-stock companies).
Summary:
✅ Partially Online: MERSIS registration, tax ID application, and document drafting can be done digitally.
❌ In-Person Steps: Notarization, Trade Registry submission, work permits (if needed), and bank procedures require physical presence.
Recommendations for Foreigners
- Hiring a lawyer or incorporation agency simplifies the process.
- Check Invest in Turkey or the Ministry of Trade for official updates.