Is a Company Required to Become a Seller on Amazon?

We know that Amazon, which hosts millions of products, is preferred by most people for shopping. In our blog post, we have compiled the answers to questions such as: Is a company required to sell on Amazon, which has become a significant source of income with its numbers increasing greatly in recent years? How is a seller profile created? How do I open a store?

You can follow our relevant pages for the programs that need to be known for selling on Amazon and international shipping on Amazon.

Is a Company Required to Become a Seller on Amazon?

We know that Amazon's name has been frequently mentioned in recent years, especially in terms of satisfaction and security in shopping. To maintain this security and satisfaction, Amazon requires the individuals/companies that want to become sellers to go through certain processes and submit some documents. You must fully prepare the documents required to sell on Amazon. There are two options regarding the necessity of a company to obtain these documents and make sales. Will you carry out your sales in Turkey or in different countries? The requirement for a company can change depending on the answer to this question. Let's examine it in detail.

Selling on Amazon Turkey

While having a company was not mandatory to sell through Amazon until 3-4 years ago, you are now required to have at least a sole proprietorship to sell in Turkey. Because after selling in Turkey, even if your earnings are 1 TL, you are obliged to issue an invoice and pay tax on it. To fulfill these requirements, it seems essential to have at least a sole proprietorship. Generating any income without owning a company does not seem legal at the moment.

In addition, let us state that you cannot sell in European Union Countries outside Turkey without paying VAT (Value Added Tax), i.e., without establishing a company.

In Which Countries Can I Sell Without Establishing a Company?

While this is the case in Turkey and European Union countries, you are not required to open a company in some countries if you have not reached the specified limit amount.

Below, we have listed the countries where you can sell without establishing a company, along with the limits set by those countries.

• Australia AUD $75,000

• Canada C $30,000

• Japan JPY 10 million

• Singapore S $ 100,000

In the United States, limits and VAT rates vary from state to state. In summary, in the countries on the list below, if you have not achieved sales at the limit set by the country, you do not need to pay VAT, meaning you do not need to establish a company. But if you have reached these limits, it is mandatory to open one.

How to Create a Seller Profile on Amazon?

According to the latest developments shared by Amazon, Turkish citizens cannot directly open accounts as individuals or companies through Amazon.com. To open an account on Amazon US, you must first open an account on Amazon Turkey. After opening your Amazon Turkey account, you can open an Amazon US account. With the updates, the only way to open an account in the US is to first open an account through Amazon Turkey and then proceed from this section.

1. Seller Agreement

Log in to your Amazon Turkey account, then click on the "Global Selling" option in the Inventory section. You can access continent options here. (You can view them as America, Europe, Asia Pacific, Middle East, and Africa.)

Then, you can create a seller account by selecting in this section. On the following page, you can enter your Amazon Turkey e-mail, company name, and password information. Let's specify that the e-mail section is very important here. You must use the e-mail you use for Amazon Turkey. If you do not enter the mail in the same way, you will not be able to view other information.

2. Seller Information

In this step, we should note that all information regarding your Amazon Turkey account must be the same in your global account. The step after this step is the payment methods.

3. Billing/Deposit Method

Amazon needs to charge you the $47 fee required for account opening. In this step, you can enter your credit card information to make your account opening fee payment and determine your payment method. Then, you need to define your US bank account so that Amazon can deposit the money you earn.

If you do not have a defined bank account in the US, you can open a PAYONEER account before opening an Amazon US account.

Optionally, you can also create a bank account with Hyperwallet without waiting, under the guidance of Amazon.

The bank account opening process is very important. The bank account information you open must not conflict with the information in your Amazon account. If there is a conflict, your account will be suspended after it is opened.

4. Tax Information

At this stage, you need to provide your tax information. You will need to select where you will pay taxes and approve your tax declaration with an e-signature.

At this stage, you are first asked whether you are a company or an individual. If you are a sole proprietorship, you can proceed by selecting the "individual" option, and if you are a limited or joint-stock company, you can select the "business" option.

5. Product Information

In the final step, you can complete the procedures by filling out the survey about the products you plan to sell.

The final step you need to do is to upload a double-sided-scanned copy of the passport or the new type of driver's license belonging to the business owner or authorized person, and give approval by uploading your American bank account statement (payoneer-hyperwallet) or credit card statement to Amazon.

What is Required to Open a Store on Amazon?

Amazon manages all its processes with care. For this reason, it asks you to upload some information and documents to the system during the store opening process. You can access the details to be considered during the seller account process here. The requested documents are as follows.

What Documents are Required to Become a Seller on Amazon?

To successfully sell on Amazon, it is important to have the following documents:

• An email address belonging to the business. (Required for communication throughout the entire process.)

• Phone number. (It is important that the number is active as communication can also be provided through here.)

• Identity details of the primary contact person

• Company's registration number

• Valid credit card (Must belong to the individual or company.)

• Bank account information (The details of the bank account where the proceeds from sales made on Amazon will be transferred.)

In this article, we talked about how you can sell on Amazon without opening a company, how to create a seller account, and what is required to open a store.