real estate Company Formation Process in Turkey

 Real estate Company Formation Process in Turkey

real estate company formation process in Turkey, What are necessary documents to real estate  company formation in Turkey ? How Can I set up a real estate company in Turkey ,  can foreigners real estate company in Turkey,  which documents are requered to real estate company formation in Turkey , Should I get work permit to company in Turkey,  real estate company set up process in Turkey step by step, can I get bankaccount after real estate company formation in Turkey  ?

Can foreigners register a real estate company in Turkey ?

 Foreign nationals can establish a company in Turkey and engage in real estate activities. The Turkish government supports and encourages foreign investors.

   According to Turkish law, foreign investors have the same rights as domestic investors. Therefore, bureaucratic procedures are easy in the establishment of an real estate company. 

Where should I start to establish an real estate company in Turkey ?

   If you are going to establish an real estate company in Turkey, you should first agree with an experienced CPA company. It is mandatory to work with a CPA for the accounting transactions of companies in Turkey. Tax returns cannot be send to tax office without a CPA.

A CPA firm experienced in foreign investors will establish your real estate company on a turnkey basis. The company will ensure that the establishment processes are healthy and hassle-free and will guide you correctly.

Should I rent a workplace to establish real estate company in Turkey ?  Can I use a Virtual office address to real estate company in Turkey ? 

To establish an real estate company in Turkey, you must determine the legal address where the company will be established. A company cannot be established without a business address.

     If you are going to rent a workplace, you should do this before the establishment of the company.

       If you do not need a physical address for your real estate activities, you can rent a virtual office at an affordable cost. Virtual address is legal in Turkey. And an real estate company can be established at the virtual address.

Note ; With our group company, we are able to provide virtual offices at affordable costs to foreign investors who will establish an real estate company. 

How much is the total cost to establish an real estate company in Turkey ? 

   The total cost of establishing an real estate company in Turkey starts from $450 - $500. This cost is the minimum cost for a   limited company with one partner. And all company establishment expenses are included.

      The real estate company establishment cost will vary somewhat depending on criteria such as the number of partners, the characteristics of your business, the number of workers, and the company's founding capital.

Note; You can always contact us to get an updated and detailed cost table specific to your business free of charge

What documents are required to establish an real estate company in Turkey ?

• Passport of company founders
• Notarized Turkish translation of passports - 3 original unit
• Personal tax number obtained in Turkey
• 3 photos (white background)
• Rental agreement of the workplace

Note; It will be enough for the founder to come to our office with his passport. We prepare all other documents here. 

Can I establish an real estate company in Turkey without going to Turkey ? 

You can establish an real estate company registered in Turkey without coming to Turkey. For this, you should prepare the following documents;

• You must issue a company incorporation power of attorney in your home country in your language. The power of attorney must be notarized and apostille certified. (If there is no apostille in the country you are in, you can have it approved by the Turkish embassy.)
• Turkish translation of your passport. 3 pieces. It must be notarized and apostille certified. (If there is no apostille in the country you are in, you can have it approved by the Turkish embassy.)
• 3 photos

When you prepare and send these documents, we can establish your real estate company in Turkey. After the company is established, we will send you the necessary documents. You will go to the Turkish embassy with these documents;

• You must obtain the company's signature circular from the Turkish embassy.
• You must obtain an accountant power of attorney for the company from the Turkish embassy.

Important ; In order to get a bank account for your company, the authorized person of the company should come to Turkey personally and go to the bank. Banks in Turkey do not open accounts with a power of attorney. Only the director of the company can transact.

In addition, if you come to Turkey in person, the establishment procedures will be much faster and easier. Once you arrive, we can set up your company on a turnkey basis in 3-4 working days on average

What are the monthly expenses of an real estate company in Turkey ? 

The monthly expenses and tax payments of an real estate company registered in Turkey will vary according to criteria such as the company's activity volume, number of workers, and monthly real estate amounts.

The monthly and periodic expenses of an real estate company without workers will be as follows.

• Stamp tax of value added tax return every month
• Withholding tax every 3 months
• Stamp tax of income tax return every 3 months
• Notary fees for accounting books once a year
• CPA service fee per month
• Workplace rent payment or virtual office service fee every month

These are the monthly expenses of companies registered in Turkey even if they have no activities. For a company with no activity, you can think of it all as an average of $150 per month. 

You can always contact us for support. We are preparing an updated and detailed cost table specific to your business free of charge.

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