Türkiye is open to foreign-owned businesses, and setting one up is faster than many expect. The key is choosing the right structure and getting the founder's immigration position right from the start.
Can foreigners own a company in Türkiye?
Yes — foreigners can generally own Turkish companies outright, in most sectors, without a local partner. A small number of regulated sectors have specific rules, so confirm your activity is unrestricted before you commit.
Choosing a structure
- Limited liability company — the most common choice for SMEs and founders, with liability limited to the capital;
- Joint-stock company — suited to larger ventures, investment and share transfers;
- Branch or liaison office — for foreign companies extending into Türkiye rather than starting fresh.
The right form affects tax, governance and how easily you can bring in investment, so decide it deliberately.
Changing structure later is costly. Pick the company type, share split and activity scope with advice up front — it shapes everything that follows.
The incorporation steps
- Reserve the company name and prepare the articles of association;
- Obtain tax numbers for the company and foreign shareholders/directors;
- Deposit capital as required and register with the trade registry;
- Complete tax and, where relevant, social-security registrations.
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Founders: work and residence
Owning a company does not by itself give you the right to work in it; founders who will actively work usually need a work permit, which in turn supports residence. Plan the immigration side alongside the incorporation so you are not left unable to operate your own business.
Tax basics
Companies are subject to corporate tax and ongoing filing and bookkeeping obligations, and most businesses register for VAT. A local accountant working with your lawyer keeps you compliant from day one.
Frequently asked questions
Do I need a Turkish partner?
Generally no — full foreign ownership is allowed in most sectors.
Can I run the company from abroad?
You can own it from abroad, but actively working in Türkiye usually requires a work permit; day-to-day operation may also need local presence or representation.
How long does setup take?
With a complete file it is relatively quick; timelines depend on the structure and registrations involved.