Document checklist for setting up a business

• Application form
• Notarized articles of incorporation
• Notarized copies of board resolution identifying company's founding partners
• Notarized copies of passports of founding partners
• Photos of founding members
• Leasing contract
• Tax numbers of founding members

What must a foreigner do during the establishment process?

After the drafting and notarization of the articles of incorporation one may notify the relevant authorities and apply to the respective chamber of commerce or industry for the company's registration with a trade registry. It is a must to prepare the articles of association in written form and to provide the signatures of all the founders in the agreement. However, unless a foreign firm's interests are strong enough to warrant opening an office in Turkey, the best way of selling in the country is through reliable and qualified local representatives. The Investment Support and Promotion Agency of Turkey aims to assist foreign investors in their business ventures in Turkey. It also provides data and information on the business climate in Turkey. Those planning considerable investment in Turkey should get in touch with the agency.