LLC or JSC? Choosing the Right Company Structure in Turkey
Foreign entrepreneurs planning to enter the Turkish market often focus first on registration costs and completion times. However, one of the most important decisions must be made before the registration process begins: choosing the appropriate company structure. The Limited Liability Company and the Joint-Stock Company are the two structures most frequently selected by domestic and foreign investors. Although their incorporation procedures have similarities, they differ in relation to capital, management, shareholder numbers, share transfers and future investment opportunities. Before selecting either structure, investors should understand the overall requirements for registering a company in Turkey , including foreign shareholder documents, Trade Registry procedures and post-registration obligations. Can Foreign Investors Own a Turkish Company? Foreign individuals and foreign legal entities may generally establish and wholly own companies in Turkey. A Turkish citizen or resident...
