A Turkish company can usually own up to 100 percent of an Indian private limited company under the automatic route, without government approval, subject to sectoral caps. The company needs at least two directors, one resident in India, and two shareholders. Investment must be reported to the RBI in Form FC-GPR within 30 days of allotment.
- Document route
- Turkish notary and apostille, or Indian mission attestation
- Time difference
- IST is 2h30 ahead of Turkey all year
- Law
- Companies Act 2013, FEMA 1999, NDI Rules 2019
- Minimum
- 2 directors, 2 shareholders
Company Setup for Foreigners from Turkey: how it works
We advise on the vehicle: a subsidiary, a project office for a specific contract, a branch, or a joint venture with an Indian partner. We then handle name reservation, incorporation, PAN, TAN and the bank account. The parent's documents are apostilled in Turkey with sworn translations.
After incorporation, we file FC-GPR, register for GST, and set up compliance. For public project bids, we review eligibility conditions, which sometimes restrict bidders from certain countries or require local registration.
For project offices set up to execute a single contract, we handle the RBI and bank requirements and the closure process at the end of the project.
What clients in Turkey should know
- Check tender eligibility before investing for a specific bid.
- Allow time for apostille and translation of corporate documents.
- Appoint a reliable resident director.
Step by step from Turkey
Video consultation
A call at a time that suits Turkey, after we have read your documents.
Documents signed in Turkey
Turkish notary and apostille, or Indian mission attestation
Work in India
Our team files, appears and follows up in India, and shares scans of everything filed.
Result and handover
Certified copies and originals are couriered to you in Turkey where needed.
The full guide
This page covers what changes when you are in Turkey. For the law, the documents and the step-by-step procedure, read our main page on Company Setup for Foreigners, or see all services for clients in Turkey and the Doing Business in India practice area.
Questions from clients in Turkey
Do Turkish investors need government approval?
Usually not, under the automatic route.
Can we open a project office for one contract?
Yes, subject to the RBI conditions for project offices.
How long does incorporation take?
Often two to four weeks once documents are ready.