You register the company first and have 24 months to fully pay in the capital — you don't need it sitting in a bank account on day one.
Notarization and sworn translation of your foreign documents is often the single biggest line item for foreign founders. Add the accountant (mali musavir) you're legally required to have, both for setup and ongoing monthly bookkeeping, currency conversion spreads when you move capital into TRY (typically 1–3%), and a corporate bank account — increasingly the slowest step, not the cheapest.
A standard LTD formation through a licensed accountant typically runs $4,500–7,000 all-in — covering registration, notarization, translation and first-year accounting setup. That figure is for the company only; if you're also relocating yourself, budget for that separately.
1. Decide on company type — LTD is the standard choice for most foreign founders
2. Hire a licensed accountant (mali musavir) — required by law
3. Notarize and translate your foreign documents
4. Register with the Trade Registry
5. Open your corporate bank account