TurkeyKey facts
- Region
- Europe / Middle East
- Corporate tax
- 25%
- VAT
- 20%
- Currency
- TRY
- Time zone
- TRT
- Language
- Turkish
Key advantages
- 25% corporate tax.
- EU customs union since 1995.
- Access to 85m consumers.
Entity types
| Type | Full name | Tax | VAT | Min. capital | Setup time | Best for |
|---|---|---|---|---|---|---|
| LŞ | Limited Liability Company | 25% | 20% | TRY 50,000 | 2–4 weeks | SMEs |
| AŞ | Joint-stock company | 25% | 20% | TRY 250,000 | 4–6 weeks | Larger structures |
Frequently asked questions
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Company type· Turkey
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