Malaysia–Turkey Investment Relations
Malaysia and Turkey have a bilateral investment protection agreement and growing economic cooperation. Both countries are members of the Organisation of Islamic Cooperation (OIC) and D-8 Developing Countries. Bilateral trade between Malaysia and Turkey has grown steadily, with both sides targeting increased trade volumes.
Malaysian investment in Turkey focuses on halal food, Islamic finance, palm oil trading, and professional services. Both countries share strong OIC ties and cooperation in Islamic economy sectors. Malaysia's expertise in Islamic finance and halal certification is valued in Turkey's growing halal industry. The Malaysia-Turkey Business Council facilitates bilateral economic relations.
Can Malaysian Citizens Open a Company in Turkey?
Yes. Citizens of Malaysia can form a company in Turkey with 100% foreign ownership. Turkish law does not require a local partner or Turkish shareholder. Malaysian nationals receive equal treatment under the Turkish Commercial Code, with the same rights and obligations as Turkish-owned companies.
There are no sector restrictions specific to Malaysian investors — the vast majority of business activities are open to foreign companies without special permissions.
Visa & Work Permit Information
Malaysian citizens can enter Turkey without a visa for stays up to 90 days within a 180-day period. This visa-free access simplifies business travel for Malaysian entrepreneurs. Work permits require a separate Ministry of Labour application after company formation.
Foreign shareholders who do not intend to work or reside in Turkey do not need a work permit or residence permit to own a company. However, if you plan to actively manage your Turkish company from Turkey, a work permit is legally required.
Recommended Company Type
The most common structure among Malaysian investors is the Limited Liability Company (LLC / Ltd. Şti.).
LLC (Ltd. Şti.)
- Min. 50,000 TRY capital
- 1–50 shareholders
- Simple management structure
- Best for SMEs and service businesses
Joint Stock (A.Ş.)
- Min. 250,000 TRY capital
- 1+ (no limit) shareholders
- Board of directors required
- Best for large-scale or IPO-track businesses
Branch Office
- No separate legal entity
- No minimum capital
- Extension of parent company
- Best for companies testing the market
Requirements for Malaysian Citizens
- Valid passport from Malaysia
- Turkish tax identification number (vergi numarası)
- Registered business address in Turkey
- Notarized Articles of Association (in Turkish)
- Minimum share capital deposit at a Turkish bank
- Power of attorney (if forming remotely without visiting Turkey)
Formation Process
- Consultation — Choose your company type, define business activities, and plan your structure
- MERSIS Pre-Registration — Enter company details in Turkey's central registry system
- Articles of Association — Draft, notarize, and sign (or via power of attorney)
- Bank Account & Capital Deposit — Open a Turkish bank account and deposit at least 25% of capital
- Trade Registry — File with the local Trade Registry Office
- Tax & Social Security — Register with the tax office and SGK
- Work Permits — Apply if foreign managers or employees will be based in Turkey
The process typically takes 5–10 business days once all documents are prepared. If documents need apostille or consular legalization from Malaysia, allow additional time.