Establishing an insurance brokerage company in Türkiye involves a two-step process:
- Company Formation – The company must first be registered as a Limited Liability Company (Ltd. Şti.) or a Joint Stock Company (A.Ş.), which is the legal foundation for establishing an insurance brokerage company in Türkiye.
- TOBB-AEKS Registration – After legal registration, an application must be submitted to the TOBB-AEKS System. This is a mandatory regulatory step in the process of establishing an insurance brokerage company in Türkiye and must be completed to obtain official approval.
Below is a detailed guide on the required documents and regulatory compliance for establishing an insurance brokerage company in Türkiye as a legal entity.
1. Required Documents for Legal Entity Insurance Agencies
The following documents must be submitted to the relevant Chamber of Commerce:
- Trade Registry Gazette
- Trade Registry Certificate
- Company Articles of Association
- Copy of Chamber Registration
- Copy of Tax Certificate
- Annex-8 Capital Declaration
- Professional Liability Insurance (if issued)
- Agency Agreement with an Insurance Company (if applicable)
- Statement of Contact Information (telephone, fax, email, etc.)
- At least two invoices registered in the agency’s name, with a Static IP Certificate
2. Required Documents for Insurance Agency Authorized Representatives
The authorized representative of the insurance agency must submit the following:
- Certificate of Residence (home address proof)
- Birth Certificate or Turkish ID Copy
- Archived Criminal Record Certificate (for official institutions)
- Trade Registry Gazette showing their appointment as an authorized person
3. Required Documents for the Director of Legal Entity Insurance Agencies
The following documents must be submitted to the relevant Chamber of Commerce during the initial phase of establishing an insurance brokerage company in Türkiye:
- Certificate of Residence (home address proof)
- Birth Certificate or Turkish ID Copy
- Archived Criminal Record Certificate
- Copy of the most recent diploma
- Two passport-sized photographs
- SGK Registration (if not a partner)
- Foreign language certificate (if applicable)
- Document showing cell phone number (invoice, etc.)
- Documents related to professional experience (if any)
- Trade Registry Gazette proving their appointment as manager
4. Required Documents for Technical Staff
Technical staff members working for the insurance agency must submit:
- Certificate of Residence
- Birth Certificate or Turkish ID Copy
- Archived Criminal Record Certificate
- Copy of the most recent diploma
- Two passport-sized photographs
- SGK Registration (if not a partner)
- Documents related to professional experience (if any)
- Document showing a mobile phone number (if declared)
5. Required Documents for Real Person Partners of the Insurance Agency
If the insurance agency has individual partners, they must provide:
- Certificate of Residence
- Birth Certificate or Turkish ID Copy
- Archived Criminal Record Certificate
6. Required Documents for Legal Entity Partners of the Insurance Agency
If the insurance agency has corporate (legal entity) partners, the required documents are:
- Trade Registry Certificate
- Copy of Chamber Registration
7. Additional Compliance and Regulatory Requirements
- Documents must be recent – All documents, photographs, and declarations must be issued within the last six months.
- Copies must be certified – Documents must be certified by the relevant authority or submitted in original form for verification.
- Proof of Professional Experience – Official documents such as a Trade Registry Record or an SGK Certificate are required.
- Static IP Certificate – The agency must obtain a Static IP Certificate from its internet provider. The invoices for electricity, water, gas, or internet must match the registered agency address.
- Registered Mobile Numbers – The reported GSM number must be in the name of the insurance agency or its authorized representative.
8. Capital Declaration (Annex-8)
Every insurance agency must submit a capital declaration to the Istanbul Chamber of Commerce, stating:
- A minimum registered capital of 2,500,000 TL.
- The entire amount was paid in cash before the company’s registration.
The capital declaration must be signed and stamped by:
✅ The Agency Representative
✅ A Financial Advisor
Conclusion
Establishing an insurance brokerage company in Türkiye is a multi-layered process that goes beyond simple company formation. It requires careful adherence to specific legal, financial, and operational regulations, particularly those imposed by TOBB-AEKS and the Turkish insurance regulatory framework. From obtaining the necessary licenses and static IP certification to preparing detailed personal and corporate documentation, every step must be executed in full compliance with the applicable laws to avoid delays or rejections.
At ÖzbekCPA, we provide end-to-end support for companies entering the Turkish insurance sector. Our team of experts ensures that all your documents are correctly prepared, submitted on time, and meet the standards required by the authorities. Whether you are a foreign investor setting up your first brokerage firm in Türkiye or an existing player expanding into the market, our services are tailored to minimize risk, ensure compliance, and expedite your licensing process.
We combine over 20 years of experience in regulatory advisory, financial compliance, and company formation with deep local expertise to serve insurance agencies, financial institutions, and global firms with strategic ambitions in Türkiye.
For professional assistance with company formation, licensing, and financial compliance, contact Özbek CPA today.
