Fees and timelines in 2023


payment by instalmentIncorporation costs for a Turkey LLC in year 1 amount to €6,940 and annual company costs in year 2 and thereafter amount to €2,140. Healy Consultants average engagement fees amounts to €16,815 including company registration in Turkey, opening a corporate bank account, VAT registration and all government fees are as detailed in the table below.

Different Turkey entity typesCostDraft invoice
Tax resident LLC€16,815View invoice PDF
Branch of a foreign company€14,010View invoice PDF
Representative office€13,210View invoice PDF
Free zone company€16,460View invoice PDF


The average engagement period for registering a company in Turkey is 11 weeks as outlined below:

ServiceLLCBranchRep. officeFreezone
Engagement planning1 week2 weeks2 weeks1 week
Company incorporation period3 weeks4 weeks4 weeks4 weeks
Bank account approval3 weeks3 weeks3 weeks3 weeks
Corporate internet banking approval3 weeks3 weeks3 weeks3 weeks
Engagement completion1 week1 week1 week1 week
Total engagement period11 weeks13 weeks13 weeks12 weeks

turkey business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Turkey, please contact our in-house country expert, Mr. Petar Chakarov, directly:
client relationship officer - Petar
  • Mr. Petar Chakarov
  • Sales & Business Development Manager
  • Contact me!
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