Constitution of a Free Zone Company in Turkey – International Trade and Investment


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Local and foreign natural and legal persons can establish companies based in the free zone provided that they operate exclusively in the zone.

  1. Incorporation process
  • Application to the General Directorate of Free Zones, Investments and Overseas Services under the Ministry of Commerce to obtain an operating license.

  • Creating a business bank account

  • Signing a Lease or Rental Agreement for Office Space in Turkey Free Zone

  • Creation of a company before the chamber of commerce
  1. Free zone business license application

The following documents should be prepared;

  • The free zone operating license application form must be completed. In the object form, the following information must be declared:
    • Descriptive information on the Applicant and its operation in the Free Zone,

    • Authorization document and specimen signature of the signatory as well as the power of attorney and specimen signature of the firm’s representative (if applicable),

    • The original receipt for application fee has been deposited at the Central Bank of Turkey and its copy,

    • Turkish Trade Registration Gazette which announces the creation of the candidate company indicating the current composition of its capital (for foreign companies, trade registration document ratified by the Turkish consulate concerned),

    • Balance sheets and income statements for the last three years,

    • Documents relating to foreign currency introduced into Turkey in the last three years (if applicable)

    • If the company plans to produce in a Free Zone, a production flow,

    • The list of tariff numbers for goods entering or leaving the zone. If the General Directorate of Free Zones accepts the application, an operating license is granted for an appropriate period generally varying between 10 and 30 years (up to 99 years for very special projects), taking into account the application.

  • A draft statute of a company to be incorporated must be filed.

  • The application fee of USD 5,000.00 must be filed with the Department of Commerce.

  • The application form should be submitted to the Directorate of Industry and Free Zone Istanbul.

  • The Ministry of Commerce assesses the request, if it is rejected, the application fee will be refunded.

  • If the application is accepted, a rental/lease agreement must be signed with Free Zone Operator within 30 days.
  1. Documents required to set up a business before the chamber of commerce
  • A power of attorney (issued in the name of our company by the potential shareholders and directors of the Turkish company)

  • Identity documents for company founders – two copies of their passports

  • Notarized identity cards of company directors

  • Determination of a company name

  • All founders must sign the Articles of Incorporation to be prepared by our firm

  • Payment made to the bank account of the Competition Authority (0.04% of the company’s capital)

  • Principal payment as explained above

  • The declarations of signature of each person authorized to represent the founders of the limited liability company (two copies)

  • The written declaration of the non-shareholder members of the board of directors mentioning the recognition of this obligation

  • Declaration of the founders (one original)

If the aforementioned documents are issued outside of Turkey, the required documents must be notarized and apostilled.

Please also note that once the company is incorporated, any bank account in any currency can be opened in any Turkish bank and the company can be used in international trade. Once the documents are ready, opening a bank account will take 1 or 2 days maximum.

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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