Can a foreigner own 100% of a Turkish company?
Yes. Türkiye's Foreign Direct Investment Law No. 4875 is built on equal treatment: international investors have the same rights and obligations as local ones. There is no local shareholder requirement and no local partner requirement for ordinary commercial activity. A small number of regulated sectors have their own rules — we will tell you at the first call if yours is one of them.
Do I need to travel to Türkiye to set the company up?
No. Formation can be completed through a notarised power of attorney, apostilled in your home country or issued at a Turkish consulate. Most of our clients incorporate without setting foot in the country. The power of attorney has to be specific, though — Turkish registries and banks read a general one narrowly, so we draft the wording before you sign anything.
How long does formation take?
The trade registry step itself is fast — often the same day once the file is complete. The realistic project timeline is driven by two things outside the registry: getting your documents apostilled and translated, and opening the bank account. Budget days for the registry and weeks for the bank, and we give you a dated plan for both before you start.
What is the minimum capital?
Since 1 January 2024, TRY 50,000 for a limited liability company and TRY 250,000 for a joint-stock company. A JSC must block 25% of the subscribed cash capital before registration; an LLC does not, and can pay within 24 months. If you already own a Turkish company incorporated before the increase, there is a top-up deadline you need to know about — see our formation guide.
What will running the entity cost per month?
It depends on transaction volume, headcount and whether you need group reporting — but we quote a fixed monthly fee, not hourly billing, and the quote lists what is included and what is not. You will have a number before you commit.
Can you take over from our current accountant mid-year?
Yes, and it is routine. We review the existing books first, tell you plainly what we find, and agree who fixes what before the transfer. Mid-year handovers are usually easier than owners expect — waiting until December is what makes them hard.