Dear visitors, in this article titled How to Establish a Limited Company, Formation Costs, and Required Documents?, we will cover topics such as limited company formation, establishing a limited liability company (LLC), and 2026 formation costs.

In a limited company, shareholders and managers have their own legal identities separate from the company itself.

Even if the company consists of only one person who is the sole shareholder and sole manager, the company remains a separate legal entity.

This means the company can enter into contracts and be sued in its own name. If the company faces legal action, its managers and shareholders are not required to sell their personal assets to pay its debts—provided they are not found guilty of misconduct or have not given personal guarantees.

This legal distinction also means that managers and shareholders cannot withdraw money from the company at will. The revenue earned by the company belongs to the corporate entity, not to the individuals.

If you want to manage your company accounts securely and complete the formation process—which normally takes 3 business days to a week—in just 1 business day, you can contact Mete CPA & Auditing.

What is a Limited Company?

A limited company (LTD) is a type of business that can be established with one or more partners, where the company’s finances are separate from your personal finances. Similarly, profits belong to the company after taxes are paid. These profits can be shared among partners (individuals or entities) based on the shares determined during establishment. A minimum capital of 50,000 TRY and at least one shareholder are required for formation.

Mandatory Bodies in a Limited Company

A limited company must have two mandatory bodies: the General Assembly and the Manager(s).

General Assembly

The General Assembly is the decision-making body. It is responsible for decisions such as appointing managers, amending the articles of association, and termination of employment. Shareholders meet periodically to discuss financial affairs. In extraordinary circumstances, these meetings can be held more frequently.

Managers

Responsibility for the management of the company lies with the manager(s) appointed by the General Assembly. If an authorized manager fails to perform their duties, the General Assembly has the authority to dismiss them and appoint a new manager. There are no limits to the powers of a manager in a limited company.

Advantages and Disadvantages of a Limited Company

Since a limited company has its own finances and is legally distinct from its owners, shareholders have limited liability. This means owners and shareholders are not personally liable for any losses or debts incurred by the business beyond their initial investment.

Advantages

• Protection of Personal Assets: Your personal assets are not at risk if your business fails.
• Control Over Your Business: You maintain full control over your financial affairs without the risk of being dependent on a third-party manager.
• Credibility: Most suppliers and customers place more trust in limited companies compared to other business structures.
• Taxation: You benefit from a fixed corporate tax rate (currently 25%).
• Partnership: You can increase the number of partners as needed and sell shares to individuals or institutions.

Disadvantages

• Strict legal procedures apply when closing a limited company. Debt, taxes, and legal compliance are closely monitored during liquidation.
• Accounting and book-keeping expenses are higher compared to sole proprietorships.

For those considering a sole proprietorship instead, you may check our Sole Proprietorship Guide.

Required Documents for Limited Company Formation

• Application Petition
• Passport-sized Photos
• Chamber of Commerce Registration Declaration
• Workplace Rental Contract
• Power of Attorney for the CPA

2026 Limited Company Formation Costs

The process begins once the required documents are submitted to the relevant authorities. For 2026, the cost of establishing a limited company typically ranges between 15,000 and 20,000 TRY, depending on variables such as city and field of activity.

For a standard setup (1 shareholder, 1 manager, minimum capital of 50,000 TRY):

• Formation Power of Attorney: ~1,250 TRY
• Notary Expenses: ~3,500 TRY
• Signature Circular (Per Manager): ~950 TRY
• Post-Formation CPA Power of Attorney: ~1,250 TRY
• Stamp Duty (Tax Office): ~500 – 1,500 TRY
• Chamber of Commerce Registration (Istanbul base): ~10,000 TRY

Mete CPA & Auditing can help you open your limited company in just 1 day.

The post How to Establish a Limited Company in Turkey? (2026 Guide) first appeared on Mete Mali Müşavirlik ve Denetim Hizmetleri.

The post How to Establish a Sole Proprietorship in Turkey and Its Advantages? first appeared on Mete Mali Müşavirlik ve Denetim Hizmetleri.

Since you are viewing this page, you have likely decided to embark on a new entrepreneurial journey. In this comprehensive guide, we will cover company formation in Turkey, establishment steps, 2026 registration costs, and required documents.

When establishing a capital company (LTD or AS), the process is typically completed within 1 business day. According to current regulations, the minimum capital requirements are:

• Limited Liability Company (LTD): 50,000 TRY
• Joint Stock Company (A.Ş.): 250,000 TRY

Important Note: For Limited companies, you do not need the full capital upfront; it can be paid within 24 months. For Joint Stock companies, 1/4 of the capital must be deposited into a bank account during the formation process.

Step-by-Step Company Formation Process

1. Selecting a Financial Advisor (CPA)

In Turkey, hiring a Certified Public Accountant (CPA) is a legal requirement. Your advisor will guide you through the legal framework, manage your tax filings, and handle all official notifications from the very beginning.

2. Preparing the Articles of Association

Your advisor will help you determine the following:

• Company Title: The name must be unique and not already registered in Turkey.
• Company Address: You must provide a valid rental contract, virtual office, or home-office address.
• Field of Activity: The sectors in which the company will operate (NACE codes) are registered in the system.
• Managers and Representatives: Determination of who will legally represent the company.

3. MERSIS Registration and Trade Registry

The Articles of Association are uploaded to the MERSIS system. Once approved, the company is registered at the Trade Registry Office. Following registration, the Tax Office will conduct a physical inspection at your address.

Required Documents for Formation

• Identification: Valid Passports for foreign partners (with notarized translations).
• Photos: 2 biometric/passport-sized photos.
• Signature Declaration: Prepared at a Turkish Notary.
• Power of Attorney: To allow your CPA to handle the registration on your behalf.

2026 Company Formation Costs in Turkey

Limited Company Setup (Approx. Total): 15,000 – 20,000 TRY
Individual Enterprise Setup (Approx. Total): 3,500 – 5,000 TRY

See Also:

• How to Establish a Sole Proprietorship and Its Advantages?
• How to Establish a Limited Company in Turkey?

Mete CPA & Auditing prepares your legal documents with precision and manages all bureaucratic hurdles to make you a business owner in just 1 day.

The post Starting a Business in Turkey: A Step-by-Step Guide for Entrepreneurs first appeared on Mete Mali Müşavirlik ve Denetim Hizmetleri.