Turkish Citizenship By Establishing A Business

Turkish Citizenship By Establishing a Business method provided by the government for reducing unemployment and has one main condition that providing employment for at least 50 Turkish citizens. According to new regulations published in the Offical Gazette on September 18, 2018, when a foreigner provides employment through establishing a business, the ministry of Family, Labor and Social services determine that foreigner as a person who can acquire Turkish Citizenship. Foreign Investors can obtain Turkish citizenship with the decision of the President of The Republic Of Turkey.

The foreigners who acquire Turkish Citizenship By Establishing Business in Turkey have all the rights of Turkish Citizenship. Also, they will have dual citizenship if their country provides dual citizenship.

Necessary Documents*

  • Birth certificate or similar document
  • Receipt of service fee on the cash desk receipt
  • Your birth certificate or similar document that include your information

*These documents may change or different documents may be needed also. Please contact us for information.

Types Of Companies

According to section 124 of the new commercial code incorporated companies list contains Collective Company, Commandite Company, Joints Stock Company, Limited Company and Cooperative. In the second paragraph of the section, joint stock companies, limited liability companies are classified as Capital Companies, while  Commandite and Collective companies are classified as partnerships.

LIMITED LIABILITY COMPANY

Limited liability company is a company that is a corporate structure whereby shareholders are not responsible for debts. According to section 573 of the Turkish Commercial Code, a real person or legal entity shareholder can establish a company for any economic purposes. The shareholder count can be maximum 50Shareholders are only responsible for paying capital shares. The registered capital of the Limited Liability Company should be at least 10.000 Turkish Liras.

Necessary Documents For Limited Company

  • Chamber Of Commerse Registiration Statement ( 1 copy )
  • Petition letter to Turkish Trade Registry ( 1 copy )
  • Articles of Incorporation ( 1 copy )
  • Company formation Notification Form And Acknowledgement ( 3 copy )
  • Signed Founders Declaration Form ( 1 copy )
  • Identity Declaration Form ( 3 copy )
  • Certified and Notarized Copies of Passport ( 3 copy )
  • Valid Residence Permit ( 3 copy )
  • Statement of Signature ( 3 copy )

JOINT STOCK COMPANY

According to section 239 of the Turkish Commercial Code,  "A joint stock company is a company whose capital is certain and divided into shares and which is solely responsible for its debts as a number of its assets. Shareholders are solely responsible to the company and their responsibility is limited to their subscribed shares.". Minimum capital of the joint stock company should be at least 50.000 Turkish Liras.

Necessary Documents For Joint Stock Company

  • Chamber Of Commerse Registiration Statement ( 1 copy )
  • Petition letter to Turkish Trade Registry ( 1 copy )
  • Articles of Incorporation ( 4 copy )
  • Company formation Notification Form And Acknowledgement ( 4 copy )
  • Signed Founders Declaration Form ( 1 copy )
  • Identity Declaration Form ( 3 copy )
  • Certified and Notarized Copies of Passport ( 3 copy )
  • Valid Residence Permit ( 3 copy )
  • Statement of Signature ( 3 copy )

COMMANDITE & COLLECTIVE COMPANY

According to section 304 of the Turkish Commercial Code,  Commandite Company is a form of a company established for commercial purposed under a trading name. Commandite Company contains 2 types of the shareholder; Commanditer and Commandite. Commanditer has limited liability according to their capital while Commandite shareholders have unlimited liability.

According to Collective Companies can be established by real persons.  Collective companies establish for any commercial purpose. Shareholders have unlimited liability.

Necessary Documents For Commandite & Collective Company

  • Chamber Of Commerse Registiration Statement ( 1 copy )
  • Petition letter to Turkish Trade Registry ( 1 copy )
  • Articles of Incorporation ( 4 copy )
  • Company formation Notification Form And Acknowledgement ( 3 copy )
  • Signed Founders Declaration Form ( 1 copy )
  • Identity Declaration Form ( 3 copy )
  • Certified and Notarized Copies of Passport ( 3 copy )
  • Valid Residence Permit ( 3 copy )
  • Turkish Tax number ( 3 copy )
  • Notarized Statement of Signature ( 1 copy )

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