In this article, we answer the question of how to establish a joint stock company . It is one of the most common types of businesses in Turkey and is a preferred form of incorporation for large-scale businesses. In order to establish a joint stock company, it is necessary to follow certain steps and fulfill certain establishment conditions. In this article, we will consider how to set up a joint-stock company and the terms of its incorporation.
- Determination of Company Name: The first step of a joint-stock company is to determine a suitable company name. It is important that the company name is unique, descriptive and complies with legal regulations, care should be taken not to use prohibited words or brands.
- Capital Determination: A certain capital is required in the establishment of a joint stock company. The minimum capital amount for establishing a joint stock company in Turkey is set at 50,000 Turkish Liras, and this minimum amount may change over time. When establishing joint stock companies, you must deposit 25% of the capital into the bank account before the establishment of the company. The relevant figure will be blocked and this blockage will be removed as of the establishment of the company and will be made available to you. In this regard, the bank will give you a letter to be given to the chamber of commerce, the receipt will not be accepted.
- Preparation of the Articles of Association: A company agreement must be drawn up at the establishment of a joint stock company. The articles of association determine the activities of the company, the rights and responsibilities of the partners, the governing bodies and other details. The relevant articles of association can be signed by a notary public or at the headquarters of the chamber of commerce.
- Determination of Founders and Partners: In the establishment of a joint stock company, at least one founder and at least one partner must be determined. Founders are the people who carry out the establishment process of the company and complete the necessary procedures. Partners, on the other hand, are the owners of the company and share the capital.
- Commercial Register Registration: In the establishment of a joint stock company, registration in the trade registry must be carried out. There are necessary documents and application process for trade registry registration. Registration in the commercial register allows the company to be legally recognized and to operate officially.
- Application to the Tax Office: Your company’s tax identification number is potentially determined before establishment. However, immediately after the establishment, company officials are obliged to receive electronic notification and tax office passwords on behalf of the company within 15 days.
- Proper Monitoring of Relevant Legislation: In the establishment of a joint stock company, it is important to properly follow the relevant legislation applicable in Turkey. Relevant laws, regulations and regulations must be complied with and legal processes must be fully fulfilled.
In conclusion, establishing a joint-stock company is an important step in owning a business in Turkey. By following certain steps and meeting the incorporation requirements, you can successfully set up your joint-stock company. Paying attention to factors such as choosing an appropriate company name, determining the capital, drafting contracts, and complying with relevant legislation is important for a successful incorporation. We will be happy to answer your questions about this topic free of charge and help you set up your company the right way.
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