Even if Turkey is primarily known for the large manufacturing industry which puts the country among the largest economies in the world, there are also other sectors which foreign investors can explore. Among them is information technology, shortly known as IT.
Foreign investors who want to open companies in the IT industry have several choices, as this is a vast industry which can be exploited in many ways, one of the best being the Turkish software branch of this sector.
If you want to open a software business, our Turkish lawyers can advise you.
There are many cities, such as Istanbul, Ankara and Izmir where software businesses can thrive. At local economic level, these are the most important industrial centers where companies use automated system to complete their activities. Turkish software companies work well with other industries which require special programs for their undertakings.
Also, Turkey has one of the most skilled workforces in the Eurasian region which makes it very appealing for foreign IT companies opening branches or subsidiaries here and which outsource some of their activities to local software businesses.
At last but not least, innovation has made its way into the Turkish economy and emerging industries like financial technology and research and development in agriculture and medicine require performant software which can be created by local companies.
From the simplest form of sole proprietorship to the limited liability company, setting up a software business is quite easy with the help of a lawyer in Turkey. The steps required to register the company are the same as for an IT company, for example, and must comply with the requirements of the Electronic Communications Act. In certain cases, the Intellectual Property Law must also be respected.
The activities of software companies are monitored by the Information and Communication Technologies Authority which also issues the necessary licenses for carrying out specific activities.
If you want to open a software company in Turkey and need assistance, our local law firm can assist with the company registration process, so do not hesitate to contact us.