What are the Steps to Establish a Sole Proprietorship in Turkey ?

First, decide on the type of business activity you intend to pursue as a sole proprietor. Ensure that your chosen business complies with Turkish regulations.

Select a unique and appropriate name for your sole proprietorship. Ensure that the name is not already in use by another business in your area of operation.

You need to obtain a tax identity number from the nearest tax office (Vergi Dairesi) or online through the Tax Administration’s website. This number is essential for your business’s taxation.

Gather the required documents, which typically include your Turkish ID (kimlik kartı), proof of address (e.g., utility bill), and any other specific documents related to your business activity.

If your business activity requires it, you may need to register with the Chamber of Commerce (Ticaret Odası). Some professions and businesses, such as consultancy services, may necessitate this step.

For certain business activities, you may need to have contracts or agreements notarized. Consult with a notary public if this is required for your business.

• Visit the Trade Registry Office (Ticaret Sicil Müdürlüğü) in your district. Submit the necessary documentation, including your tax identity number, Turkish ID, proof of address, and any additional documents required for your specific business activity.
• Pay the registration fee, which varies depending on the type and scope of your business activity.
• Complete the application forms provided by the Trade Registry Office.

After processing your application, the Trade Registry Office will issue a registration certificate (Ticaret Sicil Gazetesi). This certificate confirms your sole proprietorship’s legal existence.

Depending on your circumstances, you may need to register for social security. This ensures that you and your employees have access to social benefits and healthcare.

Fulfill your tax obligations, which may include income tax, value-added tax (VAT), and any other taxes relevant to your business activity. Keep accurate financial records to facilitate tax compliance.

Depending on your business type, you may require additional licenses or permits. Ensure that you comply with all necessary regulations and obtain the required licenses.

It is advisable to open a separate bank account for your business transactions. This will help keep your personal and business finances separate.

Once your sole proprietorship is registered and you have met all legal requirements, you can start operating your business.