There are many issues that many entrepreneurs who will inwest in Turkey are curious about expenses and charges of joint stock companies. They are searcing answers to many questions like the following ;
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In general ; joint stock company formation expenses are not very high in Turkey. In 2021, you can set up your incorporated company with an average and minimum cost of $ 420 - $ 470. This cost will increase slightly depending on the number of partners, the volume of your business, and whether you speak Turkish.
1 - NOTARY EXPENSES
When a non Turkish citizen person establish a joint stock /incorporated company in Turkey, he/she should get passport translation notarized (minimum 3 unit) . And there will be sign circular and pawor off attorney notarized after chamber of commerce registration. Notary fees will be avarage as below ;
Note; Company founder can come chamber of commerce to sign incorporated company formation documents. If founder don't come, there will be POA notary fee for company formation. Avarage 80$
2- CHAMBER OF COMMERCE REGISTRATION EXPENSES
Chamber of commerce registration fees start from minimum 160$ . This amount will be change accourding to incorporated company capital, number of sector, company agreement word count.
3- TAX OFFICE REGISTRATION FEES
The company will be registered with the tax office during the set up process. The stamp duty of the company's workplace lease agreement and accounting service agreement will be paid to tax office. Stamp tax is not too much. Avarage 20 $
4- COMPANY FORMATION SERVICE FEES
Joint Stock Company formation service fee for non-Turkish citizens is $160 in 2021 on a turnkey basis.
2021 TOTAL COST OF JOINT STOCK COMPANY FORMATION IN TURKEY ; 450$ 
Important Note 1 ; If company founder don't speak Turkish , there will be sworn translator fees. And notary fees will increase slightly as documents will be translated. For someone who does not speak Turkish, the cost of establishing a joint stock company will be minimum $ 640. As Turnkey basis.
Note 2 ; Cost details are minimum amounts for incorporated company in 2021 year. Costs may increase slightly depending on criteria such as number of partners, company capital, number of sectors, and volume of activity. You can contact with us for support. We are preparing detail cost table free off charge for your business.
Note 3 ; Office rental expenses are not included in the joint stock company formation cost . If you do not need a physical workplace for your joint stock company ; we also help you with the virtual office at affordable cost.
MONTHLY EXPENSES OF JSC / INC COMPANY IN TURKEY
Even if companies in Turkey do not have any activity, every month accountant fee and stamp duty payments of tax returns occur. The monthly expenses of a limited company that has no activity are as follows.
Apart from these, other expenses and taxes will vary according to the characteristics of your business.
You can always contact us to get an up-to-date cost table specific to your company. In the first place, we prepare the detailed cost table free of charge.
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