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Contents
Foreigners, including Iranians, can register a 100%-owned company in Türkiye. The most common type is the limited company (Ltd. Şti.), with minimum capital of TL 50,000. But if you want a work permit through the company, it must meet stricter criteria: since 2025, at least TL 500,000 of capital and 5 Turkish employees.
Company types
| Type | Minimum capital (since 2024) | Best for |
|---|---|---|
| Ltd. Şti. (limited) | TL 50,000 | Most small and medium businesses |
| A.Ş. (joint-stock) | TL 250,000 | Larger projects and raising capital |
| A.Ş. with registered capital | TL 500,000 | Growing companies |
Existing companies with lower capital must increase it by 31 December 2026, or they are treated as dissolved.
The company and work permits
- Usually 5 Turkish employees are needed for each foreign employee.
- New company: at least TL 500,000 paid-up capital; operating company: that capital, or TL 8 million in sales, or $150,000 in exports.
- The manager's salary must be at least several times the minimum wage. Work permits
Steps
- Get a tax number with your passport and its certified translation
- Draft the articles and register through MERSIS and the chamber of commerce
- Deposit the capital and open the company bank account
- Register with the tax office and appoint a certified accountant (mandatory)
Tax
- Corporate income tax: 25%
- Standard VAT: 20%
- Bookkeeping and monthly returns are mandatory.
Bank accounts for Iranians
In 2026 Turkish banks are very strict with Iranian nationals: Bank Mellat Istanbul's licence was revoked in September 2026 and new sanctions have led to closer checks. Check the possibility of opening an account with us before registering a company. Bank accounts in Türkiye
Frequently asked questions
What is the minimum capital to register a company in Türkiye?
TL 50,000 for a limited company and TL 250,000 for a joint-stock company.
Does registering a company in Türkiye give me residence?
Not on its own; you need a work permit through the company, which has capital and Turkish-staff requirements.
Can Iranians open a company bank account in Türkiye?
Possibly, but in 2026 it is very strict and depends on the bank and your documents.
Position as of October 2026. Imperial's Istanbul office handles company registration and accounting.
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