Hotel/ Accommodation Company Formation Cost in Turkey and Necessary Permits

Hotel/ Accommodation Company Formation Cost in Turkey and Necessary Permits

          Everything about establishing a Hotel/ Accommodation company in Turkey is in this article. What is the establishment cost of the Hotel/ Accommodation company? What are the required permissions? If you are looking for answers to such questions, we will cover all the details about it in this article.

              The most curious questions of entrepreneurs regarding the establishment of a Hotel/ Accommodation company in Turkey; How to set up a Hotel/ Accommodation company? What documents are required to establish a Hotel/ Accommodation company? How much are Hotel/ Accommodation company establishment expenses? How much are Hotel/ Accommodation company registration fees? What permits do I need to set up a Hotel/ Accommodation company? In how many days does the Hotel/ Accommodation company tax plate come out? Can I set up a Hotel/ Accommodation company as a single person? How much are the monthly expenses of the Hotel/ Accommodation company? are such questions.

            If you are wondering about the establishment of the Hotel/ Accommodation company, we hope that this article, which we have prepared with the most up-to-date data, will provide you with a roadmap and guide.

              Following the steps below to establish a Hotel/ Accommodation company will help you complete the process quickly and healthily. However, as it is known, our legislation is in a dynamic structure and new laws are enacted every day. For this reason, it is worth noting that when you decide to establish a Hotel/ Accommodation company, there may be some changes within the scope of the legislation.

Establishment of Hotel/ Accommodation company in Turkey

1. Determination of Accountant

              For the establishment of a Hotel/ Accommodation company, first of all, you should contact an experienced certified public accountant and make an agreement for the establishment and accounting processes of the company.

                Working with a Financial Advisor is a legal requirement as they are responsible for the accounting processes of the Hotel/ Accommodation company, the preparation and submission of tax returns.

                  An experienced financial adviser will ensure that your Hotel/ Accommodation company is legally established and will protect your business against financial risks. He will guide and guide you in official matters.

    2. Which type of company should I choose for Hotel/ Accommodation company?

          To establish a Hotel/ Accommodation company in Turkey, you can also choose one of the capital companies such as Limited Liability Company or Joint Stock Company.

                The most preferred type of company in Turkey to establish a Hotel/ Accommodation company is the Limited company type. Limited companies are preferred because they are much more prestigious and have a fixed corporate tax rate.

3. Determination of the establishment address of the Hotel/ Accommodation company

          According to Turkish laws, company registration cannot be made without a workplace address. Therefore, when establishing a company, you must determine the legal business address where your Hotel/ Accommodation company will be registered.

       For your Hotel/ Accommodation company, you can rent an office or shop. If you don't need a shop, you can choose a virtual office address, which is a more cost-effective alternative. The use of a virtual office address is legal. Since it is a very cost-effective alternative, Hotel/ Accommodation company is highly preferred by entrepreneurs who set up a Hotel/ Accommodation company.

4. How much is the total cost to set up a Hotel/ Accommodation company in Turkey?

     The total cost required to set up a Hotel/ Accommodation company varies depending on the type of company.

         If a limited company is preferred, you can establish your Hotel/ Accommodation company as a limited liability company with a cost of approximately four hundred fifty USD, according to the minimum expense items in 2023.

            If a Joint Stock Company is preferred, you can establish an establishment with a cost of approximately five hundred fifty USD, according to the minimum costs in 2023. In the establishment of joint stock companies, it is obligatory to block at least one quarter of the capital. Since the post-registration capital fee can be withdrawn from the bank on the same day, it is not included in the cost.

5. In how many days does the establishment of a Hotel/ Accommodation company in Turkey be completed?

       The establishment of limited companies takes approximately 3 or 4 working days. If a joint stock company is preferred, the processes are completed within an average of 4 or five working days.

6. What are the documents required for the establishment of a Hotel/ Accommodation company in Turkey?

      Documents required for Hotel/ Accommodation company registration procedures;

-Original passport of the founder

- Turkish Translation of Passport Notarized

- Three photos (white background)

- Workplace lease agreement

- Founder's Türkiye Tax number

Note : If you come with your passport to our office enough. We are preparing all necessary documents.

7. What are the monthly costs of Hotel/ Accommodation company in Turkey?

   After the registration of your Hotel/ Accommodation company, there will be some monthly and periodic fees, EVEN IF YOU HAVE NEVER PUT INVOICES. Some of the costs are fixed every month.

    Some expenses vary according to criteria such as the size of the Hotel/ Accommodation company, the number of invoices, and the number of personnel.

      The monthly fixed expenses of the Hotel/ Accommodation company are as follows (2023);

- VAT STAMP TAX ; two hundred TL (monthly)

- Temporary STAMP TAX; four hundred TL (three months)

- Withholding Tax STAMP TAX; You can calculate around six hundred TL. (Quarterly. However, if there is staff, the declaration is given every month.)

- Accountant Fee; Monthly. It is determined by criteria such as the type of company, number of workers, number of invoices. Ask for price)

- Book certification, notary expenses and annual expense contribution; It varies according to the size of the company and its features.

IMPORTANT ; These costs are the monthly fixed costs of a Hotel/ Accommodation company with no sales invoices. In addition, there will be expenses according to the size of the company's activity volume, which are formed according to criteria such as the size of the company, the number of invoices, the amount of income, the number of personnel.

8. Is it compulsory to employ workers in a Hotel/ Accommodation company in Turkey?

         After establishing a Hotel/ Accommodation company, there is no obligation to employ workers. If you do not need workers, you can carry out the activities yourself as a founder. You can set up your own company and carry out commercial transactions

        You can contact us to establish a Hotel/ Accommodation company in Turkey. We prepare a detailed cost table for your business FREE OF CHARGE.

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