Company Formation In Turkey

Establishing a company in Turkey presents a strategic opportunity for investors aiming to capitalize on the nation’s dynamic economy and advantageous geographical position. The process of company formation in Turkey involves several critical steps, each designed to ensure compliance with local regulations and promote a successful business venture. Legal Framework and Company Types The primary legislation governing company registration in Turkey is the Turkish Commercial Code (Law №6102). This code outlines various legal structures available for business entities, with the most common being: Joint Stock Company (JSC) : Requires a minimum capital of 50,000 Turkish Liras and allows for the issuance of both bearer and registered shares. Shareholders’ liability is limited to their subscribed capital. Limited Liability Company (LLC) : Requires a minimum capital of 10,000 Turkish Liras and can have between 1 to 50 shareholders. Similar to a JSC, the liability of ...