This presentation is created for Entrepreneurship and Businness Planning lecture of Computer Systems Engineering master programme at Tallinn University of Technology

1. 1
Entrepreneurship andEntrepreneurship and
Business PlanningBusiness Planning
Founding a LLC in TurkeyFounding a LLC in Turkey

2. 2
Why you should found aWhy you should found a
company in Turkey?company in Turkey?
Equal rights and liabilities as local investors.
Low min wages, cost for employers.
Active economy.
Reaching new markets, in Turkey or via Turkey. (Iran)
Investment incentives depending on investment
amount, region etc. (VAT exemption, custom duty
exemptions for machinery etc bought for the project)
Special investment zones: technoparks, free zones.
Double taxation prevention and bilateral
agreements with Estonia.

3. 3
Why youWhy you
should notshould not
found?found?
Taxes, taxes, taxes.
Somewhat unstable
political environment.
Slow bureaucracy.
You don't like torturing
yourself.

4. 4
Company TypesCompany Types
1. Corporate: Joint stock company, limited liability
company, cooperative company.
2. Non-Corporate: Collective company, commandite
company.
3. Alternatives: Branches and liaison offices.

5. 5
How to establish aHow to establish a
company?company?

6. 6
HowHow
Submit articles through
MERSIS
Notarized and apostilled
documents: passport,
signature declarations,
practically any documents
assigned outside of
Turkey.
Obtain a tax identity
number.
Deposit %0.04 of the
capital to Competition
Authority account.
ToTo
Deposit at least %25 of
the startup capital in a
bank.
Apply for registration at
the Trade Registry Office.
Certify the legal books by
a notary public: ledger,
inventory book etc.
Follow up with the tax
office.

7. 7
Cost?Cost?
Average cost for LLC, including
notarised documents and
payments.
2600 TRY (~ 815€) [*]
* http://ada-
danismanlik.com/limited-
sirket-kurulus-asamalari-ve-
masraflari-2015/

8. 8
How to makeHow to make
things gothings go
fast/smooth?fast/smooth?
Make sure you know
someone who can do you
favours and speed your
application.
Use a consultancy firm.

9. 9
Thanks!Thanks!
GulcinGulcin
YildirimYildirim
156398
SerkanSerkan
OnganOngan
156395