Company Formation in Turkey for South African Citizens

South Africa–Turkey Investment Relations

South Africa and Turkey have a bilateral investment protection agreement and growing trade cooperation. Both countries are G20 members with complementary economic profiles. Turkey has been expanding its Africa trade partnerships, and South Africa is a key entry point for Turkish exports into Sub-Saharan Africa.

South African investment in Turkey spans mining services, professional services, and trading sectors. Turkey and South Africa share growing economic ties through the Turkey-Africa Partnership framework. Turkish Airlines connects Istanbul with Johannesburg and Cape Town, facilitating business travel. The South Africa-Turkey Business Forum promotes bilateral trade.

Can South African Citizens Open a Company in Turkey?

Yes. Citizens of South Africa can form a company in Turkey with 100% foreign ownership. Turkish law does not require a local partner or Turkish shareholder. South African nationals receive equal treatment under the Turkish Commercial Code, with the same rights and obligations as Turkish-owned companies.

There are no sector restrictions specific to South African investors — the vast majority of business activities are open to foreign companies without special permissions.

Visa & Work Permit Information

South African citizens need a visa or e-Visa to enter Turkey for business purposes. Visa applications can be processed online through Turkey's e-Visa portal. Work permits require a separate Ministry of Labour application after company registration.

Foreign shareholders who do not intend to work or reside in Turkey do not need a work permit or residence permit to own a company. However, if you plan to actively manage your Turkish company from Turkey, a work permit is legally required.

Recommended Company Type

The most common structure among South African investors is the Limited Liability Company (LLC / Ltd. Şti.).

Requirements for South African Citizens

• Valid passport from South Africa
• Turkish tax identification number (vergi numarası)
• Registered business address in Turkey
• Notarized Articles of Association (in Turkish)
• Minimum share capital deposit at a Turkish bank
• Power of attorney (if forming remotely without visiting Turkey)

Formation Process

1. Consultation — Choose your company type, define business activities, and plan your structure
2. MERSIS Pre-Registration — Enter company details in Turkey's central registry system
3. Articles of Association — Draft, notarize, and sign (or via power of attorney)
4. Bank Account & Capital Deposit — Open a Turkish bank account and deposit at least 25% of capital
5. Trade Registry — File with the local Trade Registry Office
6. Tax & Social Security — Register with the tax office and SGK
7. Work Permits — Apply if foreign managers or employees will be based in Turkey

The process typically takes 5–10 business days once all documents are prepared. If documents need apostille or consular legalization from South Africa, allow additional time.