Clothing store company set up and cost in Türkiye
Clothing store company set up and cost in Türkiye
Register a clothing store company in Turkey
Those considering starting a clothing store company in Türkiye have many questions. Among the most frequently asked questions are:
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If you have any questions about the official registration procedures and establishment costs of a clothing store company in Türkiye, the information in this article will provide some guidance. It will help you develop an understanding of the process involved in establishing your company.
Considering the information in this article during the official establishment of a clothing store company in Türkiye will help the process proceed more smoothly and quickly.
Important Reminder: Tax laws and legal regulations are dynamic in Turkey. In other words, new laws are constantly being enacted, and legal requirements are constantly changing. Therefore, some of the information in this article may become outdated over time, or additional legal requirements may arise.
You can always contact us for questions and support regarding establishing a company in Türkiye.
Can foreigners set up a clothing store company in Türkiye?
Foreign entrepreneurs can set up a company in Turkey and engage in Clothing store activities. Türkiye supports and encourages foreign investors.
According to Turkish law, foreigners have the same rights as domestic investors for company establishment process. So, bureaucratic transactions are easy in the establishment of an clothing store company.
In short, a passport is sufficient for foreigners to establish a company in Türkiye. All other documents are prepared by us, and the company is ready within a few days.
Where should I start to set up an Clothing store company in Türkiye?
If you want to establish a clothing store company in Türkiye and don't know where to start, contact us.
We are here to assist you with all your needs, including establishing your company, securing a virtual business address, accounting consulting services, legal consulting services, payroll, and company secretarial services. We offer all the services you need for your operations in Türkiye, packaged and at affordable prices.
When you contact us, we will initially prepare an up-to-date cost table specific to your business, free of charge. The cost table details all establishment expenses.
Once you've made your decision, your company will be established within a few days. You should bring us only a valid passport. We are preparing ll other documents. We are doing all other legal process.
Clothing store Company Workplace And Municipal Licence
To officially establish a clothing store company in Türkiye, a business address is required. A company cannot be established without a registered address. Therefore, you must first secure, lease, or purchase a business location that suits your intended use.
If you're renting a workplace for clothing store operations, one of the key factors to consider is withholding tax. If the workplace owner is a natural person (not a corporation), after incorporation, company will be subject to withholding tax of 25% (one-quarter) of the net rental amount each month.
If the workplace owner is a company, business, or legal entity and you receive a monthly invoice for the rent, you will only pay the invoice amount. In this case, there will be no additional withholding tax liability.
Municipal Licence Of Clothing store Company
Another important consideration regarding a workplace is whether its qualifications meet the requirements for obtaining a business license from the municipality.
Each municipality has its own set of criteria for obtaining a business license, tailored to different sectors. Some of these criteria vary by sector, such as fire escapes, emergency exits, and cold storage. Furthermore, some municipalities may not permit certain activities in certain areas and may impose various restrictions.
Therefore, before renting a workplace, it is strongly recommended that you contact your municipality to verify that it meets the requirements for a business license in Türkiye.
Clothing store company set up cost in Türkiye 
Clothing store company formation cost is starts from $520 and $600 around in Türkiye. This is the minimum cost to establish a limited company in Türkiye. And all company establishment charges are included.
Clothing store company formation cost will vary somewhat depending on criteria such as the number of partners, the sector of your business, the number of workers, and the company's founding capital.
On the other hand, total costs can fluctuate slightly from time to time due to factors such as exchange rate fluctuations and inflation. Ask for a quote to learn the current and net cost specific to your business.
What documents are required to set up a clothing store company in Turkey?
- Passport of company founders
- Turkish translation of passport. 3 original unit. Notarized
- Personal tax number obtained in Turkey
- 3 photos (white background)
- Rental agreement of the workplace (If you need a workplace.)
Note: If founders come our office with passport is enough. We are preparing all necessary documents.
Can I set up a clothing store company in Türkiye without going to Türkiye?
For this, you should prepare the following documents;
• You should get 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.)
When you prepare and send these documents, we can set up your clothing store company in Türkiye. After the company formation process finish, we will send you company documents. Then you should go to the Turkish embassy with these documents;
• You should get the company's manager signature circular from the Turkish embassy.
• You should get an power of attorney for the company from the Turkish embassy. POA is for accounting process of company.
Note; if you come to Turkey in person company formation procedures will be much faster and cheaper. When you arrive, we can set up your company on a turnkey basis in three or four working days.
A clothing store company monthly expenses in Türkiye
The monthly expenses of a clothing store company registered in Türkiye will vary depending on the company's volume and characteristics.
On the other hand, even if a company registered in Türkiye has no commercial activities, it will incur fixed monthly expenses. Some of these expenses include:
• Stamp tax of value added tax return every month
• Withholding tax every 3 months
• Stamp tax of income tax return every 3 months
• Accountant service fee every month
• Workplace rent or virtual office rent
These are the monthly expenses of companies registered in Türkiye even if they have no business activities. For a company with no activity, you can think of it all as an average of $150 around per month.
Do foreigners have to partner with a Turkish citizen to establish a Clothing store company in Türkiye?
It is not mandatory to partner with a Turkish citizen to establish a company and conduct business in the clothing store sector.
Foreigners can establish a clothing store company in Türkiye on their own. They can own 100% of the company. They can be the company's legal representative and manage it.
However, having a Turkish citizen as a partner is beneficial for municipal licensing procedures.
Is a work permit required to establish a clothing store company in Türkiye?
A work permit is not required to establish a company in Turkey. A company can be established with only a passport.
Once established, a company acquires a legal entity separate from its owner. Because this legal entity is registered in Türkiye, it can engage in all types of business. It can buy and sell goods, import and export.
The owner of the company can direct and manage this company. And he can do all kinds of work through this company.
IMPORTANT: After establishing a clothing store company, a business license must also be obtained from the municipality. If the company's shareholders and directors are foreign nationals, a work permit is also required in municipal license applications.
In other words, foreign nationals can establish a company with a passport. However, a work permit will be required when obtaining a municipal license to operate a clothing store. It is strongly recommended that foreign nationals considering establishing a clothing store company take this into consideration.
The most important thing foreigners who want to establish a clothing store company in Turkey should consider is identifying the right and experienced address for foreign company establishment and operations. A competent team will assist you in every aspect and guide you to avoid cost traps.
You can always contact us for your questions about establishing a company in Türkiye. We are preparing a detailed cost table specific to your business free of charge at the firt stage.
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