In March 2018, a committee was created to improve the investment environment in Turkey with the slogan 'We make it easy'! And indeed, measures have helped to improve the legal and administrative environment with the participation of private sector organizations, to prepare a set of 94 articles under a 'bill'.
Despite all these efforts, setting up a company in Turkey still requires administrative and legal skills. Hence, the average duration of incorporation of a Turkish company is 2 weeks, through several administrative interlocutors.
In addition, the constitution process must pass through 2 steps. And that complicates the documentation sent from abroad. Indeed, there are actions to be performed before, and others to be done after the constitution of society. But the documents to be prepared abroad, are obligatorily before notary and with the apostille. So in practice, you have to prepare documents twice and send them to Turkey.
For example, one of the first things a company does, will be to open a bank account. In Turkish law, the company must already exist to be able to sign the contract with the bank via its manager. However, the manager must sign a Notarial Signature Circular to be valid. And this signature can only be done after the incorporation of the company.
Thus, a company in Turkey is created in two stages and this process lasts on average 2 weeks.
