İNŞAAT ŞİRKETİ KURMAK İÇİN BİLMENİZ GEREKENLER

THINGS YOU NEED TO KNOW TO ESTABLISH A CONSTRUCTION COMPANY

What Does a Construction Company Do?

Construction companies carry out construction operations by carrying out various building development activities. These activities include planning for construction projects, managing the procurement process in construction activities, communicating with building buyers, solving problems during the construction process, ensuring occupational health and safety, procuring materials, preparing budgets and managing construction teams. Additionally, construction companies must constantly follow and implement new technologies and innovations to increase efficiency in the project process and ensure customer satisfaction. Construction companies should also develop sustainable construction projects and focus on energy efficiency by adopting environmentally friendly practices. Construction companies must provide flexibility and adapt to rapidly changing market conditions to meet customer demands as competition in the industry increases. Therefore, construction companies must employ skilled and experienced staff and provide ongoing training and development opportunities. Additionally, construction companies should consider collaborating and establishing strategic partnerships and maintain effective communication with other stakeholders in the industry. All these activities enable construction companies to operate successfully and meet customer needs.

How to Establish a Construction Company

It is possible to establish a construction company as a single person or as a partnership of several people. There are different methods of establishing a construction company. Businesses can be established by a single person or in partnership with a group of people. While businesses established by a single person generally operate as a sole proprietorship, businesses established on a partnership basis are in the market as a joint stock company or limited company. To establish a joint stock company, you must form a partnership with at least four people. If you prefer to establish a limited company, having a single partner is sufficient. To establish a construction company, you must first prepare a articles of association.

According to the Turkish Commercial Code, the articles of association must include all details such as the founders, field of activity, capital, accounting period, management of the company, headquarters and branches of the company, trade name, duration of the company, signature of the founders. The articles of association are considered the basic document of the company and contain important information regarding the operation and management of the company.

Capital is also an important detail in the process of establishing a construction company. If you have sufficient savings to open a construction company, you can open your company within 1 week by applying to the relevant institutions. However, in case of lack of capital, you may have to deal with the financing process. You can establish your company by following the steps such as creating the workforce and obtaining the necessary permits.

What is Required to Establish a Construction Company?

If you are considering establishing a company to operate in the construction sector, you must first obtain the necessary permissions from the Tax Office, if you are going to employ personnel, from the Social Security Institution and from the municipality for a business license.

In addition, depending on your company type, you must apply to a professional or chamber of commerce to establish a sole proprietorship or capital business. The relevant institutions you should apply to establish a construction company are:

• Tax Office: This is the institution you should apply for transactions related to tax payments and declarations.


• Social Security Institution: This is the institution you should apply for social security premiums and insurance transactions in case of personnel employment.


• Chambers of Commerce: This is the institution you should apply for transactions such as trade registry registration and business registry certificate for your commercial activities.


• Professional Chambers: This is the institution you should apply for your professional activities related to the construction industry.


• Municipality: This is the institution you need to apply for business license and other permits.

In Turkey, construction companies are required to have a trade registry. To apply for trade registry registration, real or legal persons must apply to the central registry system. The Trade Registry Office is a unit operating within the chambers of commerce and you can register here.

Additionally, entrepreneurs can start the company establishment process by creating a free membership through MERSIS. However, before these transactions, you must apply to the Tax Office and obtain a tax number and have it approved by the Trade Registry Office.

After the tax number is approved, entrepreneurs can prepare the company contract by following the instructions of MERSİS and filling in the elements legally included in the articles of association. The company's potential tax number is also automatically assigned via MERSİS. The process is completed when the articles of association are signed by the company founders and the commitment is approved by the competent authorities.

In addition to opening the business, it is also necessary to calculate pre- and post-establishment costs and prepare the necessary capital. This is an important step in getting your business up and running and should include financial planning.

Money Required to Establish a Construction Company

Preparing capital before and after incorporation makes it easier to open a company and helps cover the costs needed to maintain the business. Most people want to know how much cost they will incur before starting a company. The cost of establishing a company varies depending on the type of company and you can refer to the cost of establishing a company link for detailed information.

For example, if you are considering starting a sole proprietorship, you just need to have enough money to start your business. However, for establishing partnership-based joint stock and limited companies, the cost of establishing a company will vary depending on a certain minimum capital amount. Therefore, it is important to consider these costs before starting your company.

Documents Required to Establish a Construction Company

The documents required to establish a construction company may differ depending on the type of business.

The documents required to establish a sole proprietorship company are:

• Two photographs of the founder
• Lease
• Certificate of residence
• Accountant's power of attorney obtained from a notary public
• Notarized signature declaration

For businesses established on a partnership basis, the documents required vary depending on the type of joint stock or limited company.

The documents required to establish a limited company are:

• Receipt showing that the capital has been invested
• Establishment notification form
• Lease
• Certificate of residence
• Notarized contract
• Petition
• Chamber registration declaration

The documents that need to be prepared for those who want to establish a joint stock company are as follows:

• Articles of association approval
• Petition
• Receipt stating that the capital has been invested
• Chamber registration declaration
• Signature declaration of all partners
• Identity document of all partners

You can establish your business by preparing these documents completely.

Cost of Establishing a Construction Company

To establish a construction company, it is necessary to have certain capital amounts, depending on different business types. While sole proprietorships can be established with lower amounts, joint stock and limited partnerships require high costs. As of 2024, a minimum capital of 50,000 TL is required to establish a limited company. To establish a joint stock company, a minimum capital of 250,000 TL is required. In addition, general expense items after the establishment of construction companies are as follows:

• Legal book certification every year
• Monthly financial advisor fees
• Professional chamber membership dues for certain periods
• VAT at a certain rate every month
• Her ay Bagkur bonus every month
• Insurance premium every month for employees in the company
• Annual income tax or corporate tax
• Monthly or quarterly withholding tax
• Provisional tax for quarterly periods

Investments can be made in advertising and marketing activities to expand the activities of the construction company. This is important to attract more customers and grow.

The construction company may invest in research and development to develop new projects. This is important to differentiate in the competitive market and offer innovative solutions.

The construction company can strengthen its workforce by hiring qualified and experienced personnel. This is important for successful completion of projects and ensuring customer satisfaction.

Is Establishing a Construction Company Supported by KOSGEB?

Entrepreneurs who want to establish a construction company can gain significant advantages by benefiting from KOSGEB support. In order to benefit from these advantages, we recommend that you get detailed information about KOSGEB supports and attend the trainings offered by KOSGEB before starting the company establishment process. These trainings provide the information that entrepreneurs will need in the process of establishing a company and form an important basis. After completing the training, you can benefit from the non-refundable support provided by KOSGEB to cover the establishment costs of the company. These supports will enable your business to grow and operate successfully, giving you a competitive advantage.

 It is Very Easy to Establish a Construction Company with Ifasturk

Those who want to establish a construction company can get help at every stage with Ifastürk's professional support. You can easily complete the company establishment process through an online platform. After the establishment of the company is completed, you can easily manage financial processes with the services offered by Ifastürk and focus on growing your business. No matter your field of activity or the size of your capital, Ifasturk helps all entrepreneurs to establish a company and allows you to immediately establish the construction company of your dreams.

Mesut SENEL | Ifasturk CEO

Independent Accountant Financial Advisor