Many Arab and foreign investors wonder: can a non-Turkish person establish a company in Turkey? The clear answer is: yes, and they can do so with ease. Turkish law welcomes foreign investment and allows foreign investors to own 100% of their company without any requirement for a Turkish partner in most sectors. However, there are specific aspects that foreign investors should know before beginning the procedures.

Full Foreign Ownership: A Guaranteed Right

Since the Foreign Direct Investment Law was enacted in 2003, there is no limit on the percentage of foreign ownership in Turkish companies in most sectors. A foreign investor can be the sole owner with 100% ownership or partner with others at any ratio they choose. Exceptions are limited and include certain sensitive sectors such as media, aviation, and some restricted local activities.

Documents Required from Foreign Investors

A foreign investor needs: a valid passport translated and certified into Turkish, a foreign tax number (obtainable from the Turkish tax office in one day), a certified residence address (can be outside Turkey), and if personal presence is not possible, an officially notarized power of attorney authorizing a person to complete the procedures.

No Obstacles, Just Procedures

Establishing a foreign-owned company in Turkey is a standard process performed daily from all over the world. With proper professional guidance from Al-Dewan Consulting, all procedures can be completed in 3-7 working days. Contact us to guide you step by step.