🇹🇷 Cost of Setting Up in Turkey

Complete cost breakdown for company formation in Turkey — formation fees, annual compliance, office space, and structure-specific costs.

Cost Overview

Cost Breakdown (USD)

Formation Cost

TRY 15,000 – 60,000 ($500 – $2,000)

Annual Compliance

TRY 30,000 – 120,000 ($1,000 – $4,000)

Office Space

TRY 50,000 – 300,000+/year depending on city

Cost by Structure

Limited Liability Company (Ltd Şti)

Minimum CapitalTRY 10,000 (~$300 at current rates)

Annual CostTRY 30,000 – 80,000 depending on activity and accounting fees

Setup Timeline3–5 business days

Joint Stock Company (AŞ)

Minimum CapitalTRY 50,000 (at least 25% paid up at formation)

Annual CostTRY 60,000 – 200,000+ depending on audit requirements and activity

Setup Timeline5–7 business days

This content is educational and does not constitute legal or tax advice. Always consult a qualified professional for your specific situation. Data last verified March 2026.