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LawyerCompany Establishment Lawyers in İstanbul

At İstanbul Law Office, we pride ourselves on our expertise as Company Establishment Lawyers in İstanbul with our commitment to providing excellent service to our clients. Our team of English-speaking lawyers in Turkey, including İstanbul, is well-versed in all aspects of company formation, corporate governance, and commercial transactions. In this guide, we will walk you through the process of establishing a company in Turkey, discuss the costs involved, and highlight the services we offer to ensure your success.

Company Establishment Lawyers in İstanbul

At İstanbul Law Office, we understand that navigating the legal landscape of a foreign country can be challenging. That’s why our team of experienced Company Formation Lawyers is here to guide you every step of the way. With our extensive knowledge of Turkish business and commercial law, we can provide you with the expert advice and assistance you need to establish and grow your company in Turkey. Our English-speaking Company Lawyers will ensure that you fully understand the legal requirements and implications of your business decisions, allowing you to make informed choices that align with your goals. We are committed to client satisfaction and will work tirelessly to deliver the best possible outcomes for you and your future company.

Company Establishment Lawyer in İstanbul

Best Company Establishment Lawyer in İstanbul

İstanbul Law Office specializes in corporate and commercial law, providing comprehensive legal services to both domestic and international clients. This provides us to serve as Company Establishment Lawyers in İstanbul with our English-speaking lawyers have extensive experience in company formation, corporate governance, contract drafting and negotiation, mergers and acquisitions, and commercial transactions. They are expert in Turkish Commercial Law, Turkish Code of Obligations.,  They assist clients in navigating the legal complexities of establishing and operating businesses in Turkey, ensuring compliance with local regulations and protecting our interests.

We are Also Expert in Contract Law

As İstanbul Law Office, we also provide contract law attorney in Istanbul. Some of the specilized contract law services we provide to our esteem clients are as follow:

  • Contract Drafting: As legal practitioners specializing in contract law, we tailor contracts to meet our clients’ specific needs. We carefully outline the contract’s terms to safeguard our clients’ rights and responsibilities. 
  • Contract Analysis: As attorneys specializing in contracts, we scrutinize contracts that our clients are expected to sign, ensuring that the terms are in our best interest and our rights and duties are protected.
  • Resolving Contractual Conflicts: As Istanbul-based contract law specialists, we offer our clients assistance in settling contract disagreements. We provide the necessary legal aid to uphold our clients’ rights throughout this process.
  • Mediation Services: As contract law practitioners, we guide our clients in resolving contract disputes via mediation.
  • Initiating Legal Action: As contract law specialists in Istanbul, we support our clients in launching lawsuits to defend our rights. We offer legal assistance throughout this process to ensure our clients’ rights are upheld.

Step-By-Step Company Formation in Turkey

Step 1: Determine the Type of Company

The first step in establishing a company in Turkey is to determine the type of company that best suits your needs. Turkey offers several options, including limited liability companies (LLC), joint-stock companies, branch offices, liaison offices, and free zone companies. Each type has its own advantages and requirements, so it’s important to carefully consider your business goals and consult with our experienced lawyers to make an informed decision.

Step 2: Minimum Capital Requirement

Once you have decided on the type of company, you will need to determine the minimum capital requirement. For an LLC, the minimum required capital is 10,000 TL (Turkish lira), which can be paid in installments over a period of up to four years. It’s important to note that foreigners can own 100% of a company in Turkey and transfer their profits out of the country without any restrictions.

Step 3: Prepare the Required Documents

To proceed with the company formation process your Company Lawyers in İstanbul shall guide you through each steps of formation. Thus they will need the client to prepare the necessary documents. These typically include:

  1. Translated and notarized passport copies of all partners.
  2. Passport photos.
  3. Power of Attorney authorizing us to incorporate the company on your behalf.

Our team will guide you through the document preparation process, ensuring that all the necessary paperwork is in order.

Step 4: Reserve the Company Name and Sign Lease Contract

Next, we will assist you in reserving the company name with the relevant authorities. It’s important to choose a unique and suitable name that complies with Turkish regulations. Additionally, you will need to sign a lease contract for the company address, which can be a physical office or a virtual address.

Step 5: Submit the Company Details and Articles of Incorporation

Once the company name is reserved and the lease contract is signed, we will assist you in submitting the company details to the Istanbul Chamber of Commerce. This includes information about the partners, managers, and commercial activities of the company. We will also prepare the Articles of Incorporation, which outline the internal regulations and governance structure of the company.

Step 6: Pay Registration Fees and Obtain Company Registration Certificate

After submitting the necessary documents, you will be required to pay the official registration fees. These fees cover the notary expenses for the Articles of Incorporation and other required documents. Once the fees are paid, you will receive a company registration certificate from the Istanbul Chamber of Commerce, confirming the legal establishment of your company in Turkey.

Step 7: Notarize Signature Circular and Appoint an Accountant

To finalize the company formation process, you will need to notarize the signature circular, which authorizes the company’s representatives to act on its behalf. Additionally, you will need to appoint an accountant who will handle the financial matters of the company. Our team can assist you in finding a qualified accountant and ensure that all the necessary steps are completed.

Step 8: Open a Company Bank Account

Finally, you will need to open a company bank account in Turkey. This will allow you to conduct business transactions, receive payments, and manage the financial aspects of your company. Our team can guide you through the process and help you choose a bank that best suits your needs.

Cost of Company Establishment in Turkey

The cost of company formation in Turkey can vary depending on the type of company and the services required. At İstanbul Law Office, we offer different packages to meet the needs of our clients. Here is an overview of our packages and their respective costs:

Easy Company Establishment in Istanbul

Types of Company Registration in Turkey

Registration of a new company in Turkey is possible as one of the following legal entities:

  1. Limited Liability Company (LLC)
  2. Joint Stock Company
  3. Holding Company
  4. Liaison Office
  5. Branch Office
  6. Joint Ventures

The most common and cost-efficient company type is Limited Liability Company (LLC). Limited Liability Companies may have one or more owner, shareholder and company director. It is easy to manage and easy to maintain. Legal requirements are also lesser than any other type of company. Depending on the request of our clients, we usually recommend to establish LLC company.

Establishing a company is as important as to maintain it. In Tukey, the owners of the companies are prudent traders in the eyes of the law. It means, in any type of actions, transactions, signed contracts; the owner of the company has to act whilst thinking consequences of his/her actions. According to Turkish Code of Commerce the trader is a person who knows and sees the outcomes of a contract, doesn’t misses a detail thus this leads that the trader cannot claim that his/her ignorance, incompetence leads to a faulty result in the court.

Thus, to prevent undesirable verdicts and outcomes, our law firm provides preliminary legal consultancy to our clients with our experienced and skilled corporate lawyers.

Conclusion

Establishing a company in Turkey can be a complex process, but with the assistance of experienced company lawyers like the team at İstanbul Law Office, you can navigate the legal requirements with confidence. We are dedicated to providing excellent service and ensuring the success of your business endeavors in Turkey. Whether you need assistance with company formation, corporate governance, or commercial transactions, our English-speaking lawyers in Turkey, including İstanbul, are ready to assist you every step of the way. Contact us today for a consultation and let us help you achieve your business goals in Turkey.