How to establish a Joint Stock Company (JSC) in Turkey.

How to establish a Joint Stock Company (JSC) in Turkey.

Establishing a Joint Stock Company (JSC) in Turkey involves several steps and procedures. Here is an information note on the process:

  • Choose a company name and check availability: The first step in establishing a JSC is choosing a company name and checking its availability. The name should not be similar to any existing company name and must comply with the Turkish Commercial Code.
  • Draft and notarize the articles of association: The next step is to draft the articles of association, which must include details such as the company’s name, address, purpose, and share capital. The articles of association must be notarized before a notary public in Turkey.
  • Obtain a tax identification number and open a bank account: The company must obtain a tax identification number from the Turkish Tax Office and open a bank account in the company’s name.
  • Register the company with the Trade Registry Office: The company must be registered with the Trade Registry Office in the province where it will be headquartered. The required documents for registration include the articles of association, a notarized signature circular, and the tax identification number.
  • Obtain business licenses and permits: Depending on the industry and activities of the company, various business licenses and permits may be required. These may include permits from the Ministry of Industry and Technology, the Ministry of Environment and Urbanization, and the Ministry of Labor and Social Security.
  • Complete other legal formalities: Other legal formalities include publishing the company’s incorporation announcement in the Turkish Commercial Registry Gazette, registering the company with the Social Security Institution, and obtaining a trade registry certificate.

Establishing a Joint Stock Company in Turkey can be a complex process that requires careful planning and attention to detail. It is recommended to seek the assistance of a professional legal advisor or consultant to ensure compliance with all legal requirements and to facilitate the process.