JOINT STOCK COMPANY FORMATION COST IN TURKEY 2023

JOINT STOCK COMPANY FOUNDATION EXPENSES  IN TURKEY 2023

           Incorporation of a joint stock company is a process that is completed within 3-4 working days on average, unless there is a specific situation. In this process, many various expense and expense items occur.

           When it is decided to establish a joint stock company, in case of renting a workplace or having a website or printing business card brochures, the establishment cost of the joint stock company starts.

        Joint stock company establishment costs, in order to be easily understandable; We can divide it into two: COMPANY'S SPECIAL COMMERCIAL COSTS and REGISTRATION AND REGISTRATION COSTS.

           While the establishment cost of a joint stock company is formed, the private commercial costs of the company are formed entirely according to the characteristics and size of your business. To give an example, expenses such as the rental expenses of the workplace you will use for your joint stock company, the costs of the fixtures to be used in the workplace, the costs of company vehicles or machinery, the costs of building a website, the costs of personnel employment, the costs of printing business cards, business cards, brochures, and advertising costs are completely specific to your business.

      Although the costs of registration and registration with official institutions within the joint stock company establishment costs show slight differences on the basis of provinces, it can be said that they are the same for every company. However, it is useful to explain; by the same, the costs are the same for companies with similar characteristics. For example, for companies with the same number of partners, the same amount of capital, and the same number of activities, the expenses are the same. On the other hand, the registration and registration expenses of a joint stock  company with one partner and a joint stock company with five (5) partners will be different from each other.

HOW MUCH DOES THE ESTABLISHMENT COST OF A JOINT STOCK COMPANY IN TURKEY?

      Registration, registration and announcement costs in the establishment of a joint stock company; It consists of registration expenses to the chamber of commerce, joint stock company capital fee, notary expenses, registration expenses to the tax office, preparation of the accountant articles of association and company establishment service fee, company stamps.

       These costs are the minimum costs required to establish a joint stock company. In addition, there may be some additional costs specific to your company. For example, if your company will be in the retail sector and in retail, there will be cash register equipment costs.

COST CASE STUDY OF ESTABLISHMENT OF A JOINT STOCK COMPANY IN TURKEY 2023

The minimum establishment expenses of a joint stock  company established in 2023 with a single partner, foreign (non-Turkish citizen), non-Turkish speaking, with a minimum capital (fifty thousand TL) are as follows.

- Notarized passport translation - 3 copies; 64$

- Registration and announcement expenses to the chamber of commerce: 134$

-Notary Expenses: 102$

- Preparation of the articles of association, translator fees and establishment service fee: 210 $

-Tax office registration and stamp duties: $5

-Joint stock company stamps: 7$

- Sworn Translator service fee : 65$

TOTAL JOINT STOCK COMPANY ESTABLISHMENT COST 587$

Note 1: The cost study has been prepared according to 2023 data, based on the minimum expense items required to establish a joint stock company.

Note 2: There may be some additional costs depending on the characteristics of your joint stock company. Buying a cash register POS device, having a high capital, having more than one partner, having more than one manager, having a foreign partner, getting a license from the municipality, registration with the chamber of industry, having more than one activity area, etc. Ask for the price for the current establishment cost specific to your company.

Note 3: If the establishment of a joint stock  company is to be made with a power of attorney, add approximately $60 power of attorney notary fee.

Not 4: When establishing a joint stock company, a bank account must be opened and at least a quarter of the capital must be blocked. Therefore, the money to be blocked must be ready. Also, there should be no problems with opening a bank account.

HOW MUCH DOES THE FOUNDATION COST OF A JOINT STOCK COMPANY IN THE VIRTUAL OFFICE IN TURKEY?

      It is possible to establish a joint stock  company at the virtual office address in Turkey. The use of a virtual office is a very cost-effective solution for joint stock companies that do not need a physical workplace address for their commercial activities.

      For entrepreneurs who will establish a company in Turkey, we also provide virtual office address services at affordable costs.

        If you buy the virtual office address from us, you can consider the cost of establishing a joint stock company around $640, together with the virtual office fees.

HOW MUCH MINIMUM CAPITAL SHOULD BE TO START A JOINT STOCK COMPANY IN TURKEY?

      The minimum capital required to establish a joint stock company in Turkey is fifty thousand Turkish Liras. However, we recommend foreign entrepreneurs to establish a company with a minimum capital of one hundred thousand Turkish Liras.

SUMMARLY;  The cost of establishing a joint stock  company in Turkey for a foreign entrepreneur is around $587.

        If you want the virtual office address for your company; We start your company at a cost of approximately $640, including virtual office fees. It is enough to come to our office with your passport. We prepare all the necessary documents.

        You can always contact us to get the updated cost chart for your business free of charge.

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