Machine parts company set up and cost in Türkiye
Machine parts company set up and cost in Türkiye
Register a machine parts company in Turkey
Those considering starting a machine parts 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 machine parts 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 machine parts 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 Therefore, some of the information in this article may become outdated over time, or additional legal requirements may arise.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 machine parts company in Türkiye?
Foreign entrepreneurs can set up a company in Turkey and engage in Machine parts 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 machine parts 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 Machine parts company in Türkiye?
If you want to establish a machine parts 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.
Do I rent a workplace to set up machine parts company in Türkiye? Can I rent a Virtual office to establish a machine parts company?
To set up a machine parts company in Türkiye, you need a workplace adress. You can not set up a company without a business address.
If you need a workplace (shop, office, warehouse etc.) for your business activites; Firstly you should rent it before the company set up process start.
If you do not need a workplace for your machine parts activities in Türkiye; Alternatively, you can rent a virtual office at low cost. Virtual address is legal in Turkey. You can establish a machine parts company at the virtual address.
Note; As ICG Partners, we also provide virtual office rental services in the properties we own in Istanbul.
Machine parts company set up cost in Türkiye 
Machine parts 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.
Machine parts 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 machine parts 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 machine parts 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 machine parts 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 machine parts company monthly expenses in Türkiye
The monthly expenses of a machine parts 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 company in Türkiye?
It is not mandatory to partner with a Turkish citizen to establish a company and conduct business in the machine parts sector.
Foreigners can establish a machine parts company in Türkiye on their own. They can own 100% of the company. They can be the company's legal representative and manage it.
Is a work permit required to establish a machine parts 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.
As a side note, a work permit is not required for the company to conduct business. However, some specific business areas may require special permits and business licenses. Or, if you will be operating a physical workplace, a municipal license may be required. If your industry or the work to be done requires a special permit or business license, the owner may be required to apply for work permits. For example, passenger transportation services, healthcare, and pharmaceutical trade.
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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