Pharmacy Formation Cost in Turkey and Necessary Permits

Pharmacy  Formation Cost in Turkey and Necessary Permits

          Everything about establishing a Pharmacy  in Turkey is in this article. What is the establishment cost of the Pharmacy ? 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 Pharmacy  in Turkey; How to set up a Pharmacy ? What documents are required to establish a Pharmacy ? How much are Pharmacy  establishment expenses? How much are Pharmacy  registration fees? What permits do I need to set up a Pharmacy ? In how many days does the Pharmacy  tax plate come out? Can I set up a Pharmacy  as a single person? How much are the monthly expenses of the Pharmacy ? are such questions.

            If you are wondering about the establishment of the Pharmacy , 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 Pharmacy  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 Pharmacy , there may be some changes within the scope of the legislation.

Establishment of Pharmacy  in Turkey

1. Determination of Accountant

              For the establishment of a Pharmacy , 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 Pharmacy , the preparation and submission of tax returns.

                  An experienced financial adviser will ensure that your Pharmacy  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 Pharmacy ?

          To establish a Pharmacy  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 Pharmacy  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 Pharmacy

          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 Pharmacy  will be registered.

       For your Pharmacy , 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, Pharmacy  is highly preferred by entrepreneurs who set up a Pharmacy .

4. How much is the total cost to set up a Pharmacy  in Turkey?

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

         If a limited company is preferred, you can establish your Pharmacy  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 Pharmacy  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 Pharmacy  in Turkey?

      Documents required for Pharmacy  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 Pharmacy  in Turkey?

   After the registration of your Pharmacy , 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 Pharmacy , the number of invoices, and the number of personnel.

      The monthly fixed expenses of the Pharmacy  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 Pharmacy  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 Pharmacy  in Turkey?

         After establishing a Pharmacy , 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 Pharmacy  in Turkey. We prepare a detailed cost table for your business FREE OF CHARGE.

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