The #1 alternative
Commenda vs TMF Group vs OnDemand International
Setting up a Turkish Limited Şirket as a foreigner. Here's how the three compare.
Comparison at a glance
TMF Group and OnDemand International cover Turkey and their wider footprints as a service. Commenda runs four product suites across 70+ countries on one platform, so it takes you from your Turkey entity to a full multi-country group.
Commenda
Global entity management software with complete compliance. Sets up your Turkish Limited Şirket (attorney filing, tax IDs, Chamber of Commerce, bank account) and runs it alongside entities in 70+ countries, with consolidation and transfer pricing.
TMF Group
Global compliance and entity-management firm, in Turkey since 2005. Accounting, tax, payroll, HR, and entity management across 87 jurisdictions, quote-based per market. Built for enterprises that want a managed-service relationship across many countries.
OnDemand International
Cross-border incorporation firm. Turkey company registration and bank account opening on a per-engagement quote. Good for a one-time Turkey setup with local compliance arranged per engagement.
Feature comparison
Why we do it better
 | TMF Group | OnDemand International | |
|---|---|---|---|
| Starting price (formation, individual) | $4,680 | Quote-based | Quote-based |
| Attorney + Chamber of Commerce filing | |||
| Tax IDs + signature circular | |||
| Local corporate bank account | |||
| Registered Turkey address | Model-specific | ||
| Local accounting (monthly) | Model-specific | ||
| Corporate tax + statutory accounts | Model-specific | ||
| VAT (KDV) registration & filing | Model-specific | ||
| Payroll + SGK filings | Model-specific | ||
| Transfer pricing (cross-border + CbCR) | Model-specific | ||
| Multi-entity consolidation / audit trail | Model-specific | ||
| Self-serve software platform | |||
| Manage entities in other countries | 70+ | 87, managed | Project-by-project |
| 100+ ERP integration support | |||
| Pricing transparency | Published line items | Quote-based | Quote-based |
Built for different buyers
Pricing compared
Advertised rates as of June 2026. Competitor pricing changes often.
Commenda
$4,680incl. VAT, one-time
- Line items: attorney $1,375, official registration $1,125, bank account $500, VAT $780
- Corporate-shareholder formation $6,840 one-time (incl. 20% VAT)
- Base: accounting $500/month, registered address $75/month; optional management accounts $1,900/yr
- Customers typically retire 3 to 5 vendors
TMF Group
Quoteper engagement
- Accounting, tax, payroll, HR, and entity management across 87 jurisdictions
- Enterprise managed-service model; pricing scoped per engagement and country
OnDemand International
Quoteper engagement
- Per-engagement fee covering registration and bank account opening
- Third-party all-in ranges for a foreigner-owned Turkey LLC commonly run about $600 to $2,500
- Cross-border incorporation specialist; ongoing local compliance arranged per engagement
How each model works
What's the difference?
How TMF Group and OnDemand International stack up against Commenda for entity management in Turkey.
Commenda: Turkey managed as part of your global group, on software
- Sets up the Turkish Limited Şirket (attorney filing, tax IDs, Chamber of Commerce, bank account)
- Then runs accounting, corporate tax, VAT (KDV), payroll, and transfer pricing
- Consolidates Turkey with your entities in 70+ countries, one audit trail, published pricing
TMF Group and OnDemand International: Turkey setup plus Turkey service
- Managed-service or formation engagement, quote-based
- TMF Group can manage many countries as a service; OnDemand International is project-based
- No self-serve software platform; ERP integration and consolidation are not a productized layer
Making a decision
Which one should you choose?
The right fit depends on your footprint and stage in Turkey.
Choose Commenda if…
- You operate in Turkey and at least one other country
- You want Turkey managed alongside the rest of your group, on a platform with published pricing
- You want attorney filing, bank account, VAT, accounting, corporate tax, and transfer pricing in one place
Choose TMF Group if…
- You are an enterprise wanting a managed-service relationship across many jurisdictions
- You prefer an advisory-led model and are comfortable with quote-based pricing
Choose OnDemand International if…
- You want a one-time Turkey incorporation handled by a cross-border specialist
- Ongoing local compliance arranged per engagement is acceptable
Common questions
Yes. Turkey allows 100% foreign ownership of a Limited Şirket by individuals or a foreign company, and there is no local director requirement. Setup can be done remotely via a notarized and apostilled Power of Attorney. Commenda, TMF Group, and OnDemand International all handle the filing.
No. Turkey has no local director requirement. Commenda can still provide nominee director and shareholder services if your structure needs them (pricing on request).
For a Turkey-only setup, a formation specialist may quote a lower one-time fee. Commenda is the better fit for a cross-border group: it manages Turkey alongside entities in other countries on a software platform, with transfer pricing, consolidation, 100+ ERP integrations, and published line-item pricing.
$4,680 one-time for an individual-shareholder formation (incl. 20% Turkish VAT), or $6,840 for a corporate shareholder. Mandatory base costs are local accounting $500/month, registered address $75/month, and a Turkish mobile number $125 one-time.
Yes. A local corporate bank account is mandatory for operations and tax compliance. Commenda assists with opening it; Turkish banks expect regular local business activity to keep it open.
About 2 to 3 weeks end-to-end with Commenda (passport translation, tax IDs, PoA, title reservation, Chamber of Commerce filing, signature circular, bank account), depending on the parent entity's country.
100 questions, from real customer calls.
The questions finance teams actually ask about entity management: EINs for non-residents, Delaware vs Wyoming, cleaning up the entities a previous provider left behind, and more. If you're looking for something, you'll find it here.
