- 2 September 2024
- Company Management
- Defterdar
- 0 min. reading time
What is Commercial Registration and How is It Done?
While starting your own business is an exciting adventure, bureaucratic procedures can sometimes overshadow this excitement. Trade registration in particular can seem like a complex and time-consuming process for many entrepreneurs. In this article, we explain the trade registry registration process step by step, give you all the information you need, and provide answers to questions you may encounter. With this guide we have prepared to facilitate trade registration, which is one of the first steps you will take towards starting your own business, you can step into your business life with confidence. Commercial registration is a concept that everyone who wants to start a commercial life or wants to formalize an existing business must know. So, what is commercial registration, why is it important and how is it done? You will find the answers to these questions and all the details you need about the commercial registration process in this article.
Topics in the Article
What is a Trade Register?
The trade register is a registry containing publicly available information about legal entities (companies) and natural persons (taxi drivers, tradesmen, etc.). This book contains basic information such as the title, address, field of activity, partners, and capital of the enterprise. The trade registry is kept to ensure the reliability of commercial life, to protect third parties, and to facilitate tax collection by the state.
What is a Commercial Register?
The Commercial Register is an official government register of all companies and businesses operating in a country. This register contains basic information such as the company's name, address, field of activity, shareholders, and capital.
Where to Get Commercial Registry Record?
Commercial registry records can be obtained through the Turkish Trade Registry Gazette or by applying to the Trade Registry Directorates. In addition, many private companies also offer this service for a fee.
How to Enquire Commercial Registry Record?
The commercial register is like an official identity document of a business or company and there are various methods to access these records. Here are the most common methods of querying the commercial registry:
- Turkish Trade Registry Gazette:
The Most Comprehensive Source: The Turkish Trade Registry Gazette is an official source where the records of all commercial enterprises are kept.
Online Inquiry: You can easily inquire about the newspaper's website with information such as the company's title and tax number.
Detailed Information: On this platform, you can find detailed information such as the company's establishment date, partners, capital, field of activity, etc.
- Trade Registry Directorates:
Personal Application: You can apply for the information of the company you are looking for by going to the Trade Registry Directorate in the province or district where the business is registered.
Document Request: If you need more comprehensive information about the company, you can request the relevant documents from the directorate.
- Private Databases:
Paid Service: Many private companies collect trade registry data in their databases and offer paid access to this information.
Fast Access: These databases are often faster and may have a user-friendly interface. However, caution should be exercised regarding the timeliness and accuracy of the data.
- E-Government Gateway:
Limited Information: You can also access commercial registry information through the E-Government portal. However, the information available on this platform can often be more limited.
How to Register a Commercial Registry?
Registration in the trade registry is a legal process required for the official establishment and operation of a business. This process may vary depending on the type of company and field of activity, but generally includes the following steps:
- Determining the Type of Company:
Joint Stock Company (JSC): A type of company with capital divided into shares, suitable for large-scale businesses.
Limited Liability Company (Ltd. Şti.): Suitable for smaller businesses where the liability of the partners is limited to the capital.
Limited Partnership: A type of company with limited liability partners as well as fully liable partners.
Collective Company: A type of company where all partners have unlimited liability.
- Drafting the Articles of Association:
It is an official document containing the company's title, field of activity, headquarters, capital, partners, and governing bodies.
It is recommended to prepare it with the help of a financial advisor or lawyer.
- Notarized Signature:
The articles of association must be signed by the company partners in the presence of a notary public.
- Capital Investment:
For the company to be registered, the minimum capital amount must be deposited in the bank and documented with a document issued by the bank.
- Preparation of Required Documents:
Articles of Association
Notarized signature samples
Capital investment certificate
Lease contract or title deed (for the place where the company will operate)
Tax plate
Chamber of Commerce registration certificate
Competition Authority notification
- Application to the Trade Registry Office:
An application is made to the trade registry directorate with the prepared documents.
The Directorate examines the documents and realizes the registration process.
- Receiving the Registration Certificate:
After the registration process is completed, the company official receives the registration certificate.
What are the Commercial Registry Registration Documents?
Among the documents issued due to the trade registry registration process, the most important one is the trade registry gazette announcement. This announcement announces to the public that the company has been established and started its operations. There is also a registration certificate issued to the company officials.
What is included in the Commercial Registry Registration Information Form?
The trade registry registration information form contains information such as;
Company title Official name of the company
Type of company: Limited liability company, joint stock company, etc.
Company headquarters: Registered address of the company
Field of activity: What the company does
The total capital of the company
Shareholders Names and shares of the company's shareholders
Governing bodies Names of board members
Why is the Commercial Register Important?
Reliability Being registered in the trade registry shows that the company is reliable.
Legal obligation: Trade registry registration is mandatory for many transactions.
Banking transactions: Banks examine the trade registry when granting loans to companies.
Tax simplifications: Thanks to the trade registry, tax transactions become easier.
Commercial Registry Registration Number; The commercial registration number is a unique number given to each company. This number is used to identify the company and prevent confusion with other companies.
Commercial registration is a legal process for establishing and operating a business. This process provides many advantages for both company owners and third parties. Given the information provided above, you can better understand the commercial registration process and take the necessary steps.
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