Company Formation Costs
Item-by-item formation costs and fixed monthly expenses for sole proprietorships, LLCs, joint stock companies and companies with foreign shareholders.
Sole Proprietorship
Fastest formationThe structure with the fewest formalities, for those operating on their own. There is no capital requirement and registration is usually completed the same day.
Approximate amounts as of September 2026.
| Formation Details | ||
|---|---|---|
| 1- | Business name | Your own first name and surname are used as the business name. |
| 2- | NACE code (activity) | Determined by the work you will do. More than one activity code can be registered. |
| 3- | Representation | The business owner is liable with all of their personal assets. |
| 4- | Certified public accountant | A contract with an accountant is signed for all business and transactions. |
| One-Off Costs | Approx. Amount | ||
|---|---|---|---|
| 1- | Issue of the tax certificate | Registration takes place the same day; at busy times it may slip by at most one day. | ₺ 0.00 |
| 2- | Accountant’s formation fee | Handling the work and transactions during the formation process. | ₺ 3,000.00 |
| 3- | Signature declaration | A notarised signature declaration. You sign three times and declare that you will use this signature in all your transactions. | ₺ 800.00 |
| 4- | Passport photograph | A passport photo or a digital photograph taken against a plain background. | ₺ 0.00 |
| 5- | Copy of ID | Photographs of the front and back of your ID card. | ₺ 0.00 |
| 6- | E-government password | An e-government password or digital tax office user code and password for the formation procedures. | ₺ 0.00 |
| 7- | E-signature | Obtained after formation in order to issue e-invoices. Valid for three years. | ₺ 4,000.00 |
| 8- | E-invoice | Digital e-invoice registration so that invoices can be issued after formation. | ₺ 2,980.00 |
| 9- | Lease agreement | A rent declaration is filed. Withholding tax of 20% on the rent is paid every month. | ₺ 0.00 |
| Total | ₺ 10,780.00 | ||
| Recurring Monthly Costs | Approx. Amount | ||
|---|---|---|---|
| 1- | Monthly accounting fee | Filing the monthly return for all income and expenses, invoice registration, issue of the tax certificate and guidance on issuing invoices. | ₺ 3,000.00 |
| 2- | Stamp duty on returns | Stamp duty paid for each return filed. | ₺ 1,550.29 |
| 3- | Bağ-Kur (self-employed social security) | If the business owner pays the Bağ-Kur premium regularly on a monthly basis, the amount is 10,156.73 TL. If you do not pay regularly, you lose the benefit of the 5% discount; consequently, you pay 11,808.23 TL plus late payment interest. If you wish to make payments at the maximum level, the amount is 106,274.03 TL; however, this does not accrue toward 4A insured employment status or retirement eligibility. Being an employee or a retiree does not prevent you from establishing a company. However, if you are a public sector employee, you cannot establish a company. | ₺ 0.00 |
| 4- | Withholding tax | Withholding tax on rent and self-employment invoices. 20% of the gross amount is paid as withholding tax. | ₺ 0.00 |
| Monthly Total | ₺ 4,550.29 | ||
Incentives Available to You
Young entrepreneur support
Tax Exemption (400,000 TL): Continues uninterrupted in 2026. 1-Year Bağ-Kur Support: Completely abolished as of January 1, 2026, under Law No. 7566.
The entire amount is eligible for the discount in the case of overseas software sales.
Under Article 89/13 of the Income Tax Law, software sales made abroad are fully eligible for the deduction.
Notes
- The figures above are approximate and may vary by TRY 100–200.
- Increases in the accounting fee are indexed to the minimum wage; the tariff of the chamber of certified public accountants applies.
- All payments are made to a bank account and monthly accounting receipts are issued regularly.
- Tax returns are sent each month to the e-mail address you provide.
Let’s work out the exact figure for your own situation together.
Limited Liability Company
Most preferredShareholder liability is limited to the capital they contribute. It can be formed with a single shareholder and is the common choice for businesses planning to grow.
Approximate amounts as of September 2026.
| Formation Details | ||
|---|---|---|
| 1- | Company name | A name that reflects your field of activity and has not previously been used in the Trade Registry. |
| 2- | NACE code (activity) | Determined by the work you will do. More than one activity code can be registered. |
| 3- | Number of shareholders | Can be formed with a single shareholder. Shareholders may be Turkish or foreign nationals. |
| 4- | Capital and distribution | The minimum capital requirement under the Turkish Commercial Code is 50,000 TL. The amount and the percentage distribution among shareholders are determined at the time of incorporation. Select the capital amount recommended by your financial advisor for your business activities. |
| 5- | Manager | One of the shareholders or an external person is appointed as manager. |
| 6- | Representation | Monetary transactions may be carried out with a single signature. If an external manager is appointed, their authority is set by power of attorney. |
| 7- | Certified public accountant | A contract with an accountant is required for all business and transactions in Türkiye. Monthly invoice and expense returns are filed. |
| 8- | Articles of association | The company’s articles of association are drawn up and registered with the Trade Registry. |
| One-Off Costs | Approx. Amount | ||
|---|---|---|---|
| 1- | Registration approval | Registration at the Trade Registry Office. The fee is calculated on the number of words in the articles of association. | ₺ 15,000.00 |
| 2- | Accountant’s formation fee | Handling the work and transactions during the formation process. | ₺ 15,000.00 |
| 3- | Financial seal | Obtained after formation in order to issue invoices; it is the company equivalent of an e-signature. | ₺ 2,500.00 |
| 4- | E-invoice | Setup of digital e-invoicing to enable the issuance of invoices following company incorporation. While the Revenue Administration’s free e-archive portal is available for use, we—as your consultancy—initiate processes using the e-invoice system for all our clients to ensure compliance with legal obligations and to maintain a professional image. The system operates on a credit basis, where one invoice equals one credit. Once 100 credits are purchased, they can be used to process a total of 100 incoming and outgoing invoices. These credits are valid for one year from the date of purchase; any unused credits expire after this period. Credits can be obtained through our partner, Mai Kurumsal, or from authorized e-invoice service providers. Mai Kurumsal: https://maikurumsal.com/ | ₺ 2,980.00 |
| 5- | Virtual office | If you do not own the property or have a rent-free allocation arrangement, a rental declaration is required. The 20% withholding tax on the rent is reported via a withholding tax return on a monthly or quarterly basis, depending on your tax liability status. To avoid this withholding tax burden, you can sign a virtual office agreement with our business partner, Mai Virtual Office. Mai Virtual Office: https://maivirtualoffice.com/ | ₺ 5,760.00 |
| 6- | Inspection visit | The tax office visits the premises for a check after formation. | ₺ 0.00 |
| 7- | Accounting power of attorney | A notarised power of attorney for the accountant. Not compulsory if the company owner handles the transactions directly. | ₺ 2,100.00 |
| 8- | E-signature | It is obtained after incorporation to enable the issuance of e-invoices. It is valid for three years. It can be procured from our business partner, Mai Kurumsal, or obtained from authorized e-signature providers. Mai Kurumsal: https://maikurumsal.com/ | ₺ 4,000.00 |
| Total | ₺ 47,340.00 | ||
| Recurring Monthly Costs | Approx. Amount | ||
|---|---|---|---|
| 1- | Monthly accounting fee | Filing the monthly return for all income and expenses. VAT included (TRY 9.000,00 + VAT). | ₺ 10,800.00 |
| 2- | Stamp Duty on Tax Returns | Stamp duty paid for each submitted declaration. | ₺ 1,550.29 |
| 3- | Bağ-Kur (self-employed social security) | If the business owner pays the Bağ-Kur premium regularly on a monthly basis, the amount is 10,156.73 TL. If you do not pay regularly, you lose the benefit of the 5% discount; consequently, you pay 11,808.23 TL plus late payment interest. If you wish to make payments at the maximum level, the amount is 106,274.03 TL; however, this does not accrue toward 4A insured employment status or retirement eligibility. Being an employee or a retiree does not prevent you from establishing a company. However, if you are a public sector employee, you cannot establish a company. | ₺ 0.00 |
| Monthly Total | ₺ 12,350.29 | ||
Incentives Available to You
Dormant company discount
If the company is not trading, a 50% discount applies to the monthly accounting fee, bringing it down to TRY 5.400.00.
Notes
- The figures above are approximate and may change according to current legislation and the content of the articles of association.
- If a residential address is used as the office address, the virtual office item becomes TRY 0.
- Increases in the accounting fee are indexed to the minimum wage; the tariff of the chamber of certified public accountants applies.
- All payments are made to a bank account and monthly accounting receipts are issued regularly.
- At the beginning of each year, the General Journal, General Ledger, and Inventory Book are procured for the company. All income and expense accounts for the year are recorded in these books. The fee determined by the Chamber of Certified Public Accountants is collected in January; this typically amounts to approximately 1.5 to 2 times the standard accounting fee.
Let’s work out the exact figure for your own situation together.
Joint Stock Company
Open to investmentThe capital company best suited to easy share transfers, raising investment and going public. It is run by a board of directors.
Approximate amounts as of September 2026.
| Formation Details | ||
|---|---|---|
| 1- | Company name | A name that reflects your field of activity and has not previously been used in the Trade Registry. |
| 2- | NACE code (activity) | Determined by the work you will do. More than one activity code can be registered. |
| 3- | Number of shareholders | Can be formed with a single shareholder. Shareholders may be Turkish or foreign nationals. |
| 4- | Capital and distribution | The minimum capital under the Turkish Commercial Code is TRY 250,000. For companies opting for the registered capital system the minimum is TRY 500,000. |
| 5- | Board of directors | Consists of at least one member. People who are not shareholders may also serve on the board. |
| 6- | Representation | Monetary transactions may be carried out with a single signature. If an external manager is appointed, their authority is set by power of attorney. |
| 7- | Certified public accountant | A contract with an accountant is required for all business and transactions in Türkiye. Monthly invoice and expense returns are filed. |
| 8- | Articles of association | The company’s articles of association are drawn up and registered with the Trade Registry. |
| One-Off Costs | Approx. Amount | ||
|---|---|---|---|
| 1- | Registration approval | Registration at the Trade Registry Office. The fee is calculated on the number of words in the articles of association. | ₺ 15,000.00 |
| 2- | Accountant’s formation fee | Handling the work and transactions during the formation process. | ₺ 15,000.00 |
| 3- | Financial seal | Obtained after formation in order to issue invoices; it is the company equivalent of an e-signature. | ₺ 2,500.00 |
| 4- | E-invoice | Setup of digital e-invoicing to enable the issuance of invoices following company incorporation. While the Revenue Administration’s free e-archive portal is available for use, we—as your consultancy—initiate processes using the e-invoice system for all our clients to ensure compliance with legal obligations and to maintain a professional image. The system operates on a credit basis, where one invoice equals one credit. Once 100 credits are purchased, they can be used to process a total of 100 incoming and outgoing invoices. These credits are valid for one year from the date of purchase; any unused credits expire after this period. Credits can be obtained through our partner, Mai Kurumsal, or from authorized e-invoice service providers. Mai Kurumsal: https://maikurumsal.com/ | ₺ 2,980.00 |
| 5- | Virtual office | If you do not own the property or have a rent-free allocation arrangement, a rental declaration is required. The 20% withholding tax on the rent is reported via a withholding tax return on a monthly or quarterly basis, depending on your tax liability status. To avoid this withholding tax burden, you can sign a virtual office agreement with our business partner, Mai Virtual Office. Mai Virtual Office: https://maivirtualoffice.com/ | ₺ 5,760.00 |
| 6- | Inspection visit | The tax office visits the premises for a check after formation. | ₺ 0.00 |
| 7- | Accounting power of attorney | A notarised power of attorney for the accountant. Not compulsory if the company owner handles the transactions directly. | ₺ 2,100.00 |
| 8- | E-signature | It is obtained after incorporation to enable the issuance of e-invoices. It is valid for three years. It can be procured from our business partner, Mai Kurumsal, or obtained from authorized e-signature providers. Mai Kurumsal: https://maikurumsal.com/ | ₺ 4,000.00 |
| Total | ₺ 47,340.00 | ||
| Recurring Monthly Costs | Approx. Amount | ||
|---|---|---|---|
| 1- | Monthly accounting fee | Filing the monthly return for all income and expenses. VAT included (TRY 10.000 + VAT). | ₺ 12,000.00 |
| 2- | Stamp Duty on Tax Returns | Stamp duty paid for each submitted declaration. | ₺ 1,550.29 |
| 3- | Bağ-Kur (self-employed social security) | If the business owner pays the Bağ-Kur premium regularly on a monthly basis, the amount is 10,156.73 TL. If you do not pay regularly, you lose the benefit of the 5% discount; consequently, you pay 11,808.23 TL plus late payment interest. If you wish to make payments at the maximum level, the amount is 106,274.03 TL; however, this does not accrue toward 4A insured employment status or retirement eligibility. Being an employee or a retiree does not prevent you from establishing a company. However, if you are a public sector employee, you cannot establish a company. | ₺ 0.00 |
| Monthly Total | ₺ 13,550.29 | ||
Incentives Available to You
Dormant company discount
If the company is not trading, a 50% discount applies to the monthly accounting fee, bringing it down to TRY 6.000,00 TL
Notes
- The registration fee, capital amount and articles of association costs specific to a joint stock company are confirmed during the consultation.
- The figures above are approximate and may change according to current legislation and the content of the articles of association.
- If a residential address is used as the office address, the virtual office item becomes TRY 0.
- Increases in the accounting fee are indexed to the minimum wage; the tariff of the chamber of certified public accountants applies.
- All payments are made to a bank account and monthly accounting receipts are issued regularly.
- At the beginning of each year, the General Journal, General Ledger, and Inventory Book are procured for the company. All income and expense accounts for the year are recorded in these books. The fee determined by the Chamber of Certified Public Accountants is collected in January; this typically amounts to approximately 1.5 to 2 times the standard accounting fee.
Let’s work out the exact figure for your own situation together.
Company with Foreign Shareholders
Foreign shareholdersCompanies with a shareholder — individual or legal entity — resident abroad. Translation and tax identification number procedures are added to the formation steps.
Approximate amounts as of September 2026.
| Formation Details | ||
|---|---|---|
| 1- | Company name | A name that reflects your field of activity and has not previously been used in the Trade Registry. |
| 2- | NACE code (activity) | Determined by the work you will do. More than one activity code can be registered. |
| 3- | Number of shareholders | Can be formed with a single shareholder. Shareholders may be Turkish or foreign nationals. |
| 4- | Capital and distribution | The capital amount is set by the company type chosen (minimum TRY 50,000 for an LLC, TRY 250,000 for a joint stock company). There is no limit on the foreign shareholder’s stake. |
| 5- | Manager | One of the shareholders or an external person is appointed as manager. At least one manager is required to be resident in Türkiye. |
| 6- | Potential tax identification number | A potential tax identification number is obtained before formation for foreign shareholders and foreign-national managers. |
| 7- | Translation of documents | The foreign shareholder’s passport and the registry documents of corporate shareholders are submitted with notarised translation and, where required, an apostille. |
| 8- | Representation | Monetary transactions may be carried out with a single signature. If an external manager is appointed, their authority is set by power of attorney. |
| 9- | Certified public accountant | A contract with an accountant is required for all business and transactions in Türkiye. Monthly invoice and expense returns are filed. |
| 10- | Articles of association | The company’s articles of association are drawn up and registered with the Trade Registry. |
| One-Off Costs | Approx. Amount | ||
|---|---|---|---|
| 1- | Registration approval | Registration at the Trade Registry Office. The fee is calculated on the number of words in the articles of association. | Confirmed during consultation |
| 2- | Accountant’s formation fee | Handling the work and transactions during the formation process. | ₺ 11,000.00 |
| 3- | Financial seal | Obtained after formation in order to issue invoices; it is the company equivalent of an e-signature. | ₺ 900.00 |
| 4- | E-invoice | Digital e-invoice registration so that invoices can be issued after formation. | ₺ 1,500.00 |
| 5- | Virtual office | A virtual or physical office is taken. If a residential address is used, this item is TRY 0. The Kartal–Maltepe area is more favourable in terms of tax office. | ₺ 10,000.00 |
| 6- | Inspection visit | The tax office visits the premises for a check after formation. | ₺ 0.00 |
| 7- | Notarised translation and apostille | The foreign partner's passport and the registration documents of corporate partners must be submitted with notarized translations and, if required, an Apostille. If the individual does not have a local place of residence or a residence and work permit (Blue Card), and their passport number is not already recorded in the Trade Registry, the passport details, passport translation, and full address in their country of origin must be submitted via the https://cagri.ito.org.tr/uye/index.php# portal. Since a passport translation will be required for procedures such as obtaining signature circulars, opening bank accounts, and executing lease agreements, we recommend preparing five copies. | Confirmed during consultation |
| 8- | Accounting power of attorney | A notarised power of attorney for the accountant. Not compulsory if the company owner handles the transactions directly. | ₺ 1,500.00 |
| Total | ₺ 24,900.00 | ||
| 2 item(s) without a stated amount are excluded from the total; these are confirmed during the consultation. | |||
| Recurring Monthly Costs | Approx. Amount | ||
|---|---|---|---|
| 1- | Monthly accounting fee | Filing the monthly return for all income and expenses. VAT included (TRY 10.000,00 + VAT). | ₺ 12,000.00 |
| 2- | Stamp Duty on Tax Returns | Stamp duty paid for each submitted declaration. | ₺ 1,550.29 |
| 3- | Bağ-Kur (self-employed social security) | If the business owner pays the Bağ-Kur premium regularly on a monthly basis, the amount is 10,156.73 TL. If you do not pay regularly, you lose the benefit of the 5% discount; consequently, you pay 11,808.23 TL plus late payment interest. If you wish to make payments at the maximum level, the amount is 106,274.03 TL; however, this does not accrue toward 4A insured employment status or retirement eligibility. Being an employee or a retiree does not prevent you from establishing a company. However, if you are a public sector employee, you cannot establish a company. | ₺ 0.00 |
| Monthly Total | ₺ 13,550.29 | ||
Incentives Available to You
Dormant company discount
If the company is not trading, a 50% discount applies to the monthly accounting fee, bringing it down to TRY 6.000.00.
Notes
- In a formation with foreign shareholders the registration fee and translation costs vary with the number of shareholders and documents, so they are confirmed during the consultation.
- The figures above are approximate and may change according to current legislation and the content of the articles of association.
- If a residential address is used as the office address, the virtual office item becomes TRY 0.
- Increases in the accounting fee are indexed to the minimum wage; the tariff of the chamber of certified public accountants applies.
- All payments are made to a bank account and monthly accounting receipts are issued regularly.
- At the beginning of each year, the General Journal, General Ledger, and Inventory Book are procured for the company. All income and expense accounts for the year are recorded in these books. The fee determined by the Chamber of Certified Public Accountants is collected in January; this typically amounts to approximately 1.5 to 2 times the standard accounting fee.
Let’s work out the exact figure for your own situation together.