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Open a Commandite Company in Turkey

Updated on Wednesday 25th January 2017

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Open-a-commandite-company-in-TurkeyForeign enterprisers can open various types of companies in Turkey. These companies are divided into two main categories: business forms using a corporate form and business forms using non-corporate forms. However, both types of structures are regulated by the Turkish Commercial Law.

The two non-corporate types of companies are the collective and the commandite companies in Turkey. These are the synonyms of partnerships in other European countries.

Our company formation agents in Turkey can offer information about all the types of companies available for registration in this country.

What is a Turkish commandite company?

The commandite company in Turkey is the same as the limited partnership in Europe. The participants in a commandite company are called partners, which can be active or dormant. The active participants are the general partners who will have unlimited liability for the company’s debts and obligations. The dormant participants are the limited partners who will be liable only to the extent of the capital they contributed with to the company.

Both companies and individuals are allowed to create commandite companies in Turkey, however only natural persons are allowed to act as active partners, while Turkish companies may only act as dormant participants. Also, the Turkish commandite company is not subject to any minimum share capital requirements.

How to register a commandite company in Turkey

Like any other type of company, the commandite company must also be registered with the Companies Registrar in Turkey. However, there are specific requirements related to the name of the company which must be comprised of:

  • -          at least one of the active partners’ first and last name;
  • -          the type of partnership used as business form.

The Turkish commandite company is required to have articles of association which will be filed with the Trade Register.

The commandite company can also be used by those seeking to set up a joint venture in Turkey.

For full information on the requirement to establish a commandite company, do not hesitate to contact our Turkish company formation consultants. We can also help you with the preparation of the incorporation documents of a commandite company in Turkey.

 

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