Establishment

A. Corporate Information Determination and Documentation Process

1. Corporate name availability is checked with TOBB (The Union of Chambers and Commodity Exchanges of Turkey). Turkey Trade Registry Gazette Title Enquiry
2. Corporate name is reserved in MERSİS for three days. MERSİS (Central Title System)
3. With a copy of articles in association entered on MERSİS, a bank account is opened depositing the %25 of the capital. Depositing isnot obligatory for limited liability companies. In case %25 of the captial is preferred to be paid, remainig amount shall be paid by the founders within 24 months.
4. Minimum capital amount for limited liability companies is 10.000,00 TL and 50.000,00 TL for joint-stock companies. Company type shall be determined at this step, the differences between joint-stock and limited liability companies are evaluated within this step.
5. Company address is determined and checked via DASK system with address number.
6. Company's activity subject and (Nace code) is determined accordingly.

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