Turkey welcomes foreign investments and entrepreneurs can choose from several types of Turkish companies
which can serve their business needs. The limited liability company
and the joint stock company
are the most common types of legal entities.
When choosing to open a company in Turkey,
the investor must take into consideration the particularities of the company types. While some are more suited for small and medium sized companies, others will be more appropriate for larger corporations. Our company formation agents in Turkey
can give you detailed information about the local regulations for incorporating companies
Types of legal entities in Turkey
The following types of companies can be incorporated in Turkey:
- the joint stock company;
- the limited liability company;
- the commandite company;
- the collective company;
- the cooperative company;
The limited liability company is best suited for small and medium sized companies. The incorporation procedure is straightforward and its characteristics make it a favorite among foreign investors. At least one shareholder is required for this business form and a minimum share capital of 10,000 TRY. The company is managed by a board of directors.
The joint stock company
is used by those who want to start large businesses. At least one shareholder is needed to incorporate this company type and the requirements for the minimum share capital
are larger than for the limited liability company, at 50,000 TRY. The management of the company is also foreseen by a board of directors, together with a supervisory board.
The commandite company does not require a minimum share capital and this company is used to operate a commercial enterprise under a trade name. Shareholders can have either limited or unlimited liability. The collective company is similar to the commandite, however, the liability of the shareholders is limited in this case to the amount of contributions made to the share capital.
Company registration in Turkey
Companies in Turkey must draw up the articles of association according to the Turkish Commercial Code. Before beginning the company registration procedure, applicants should check if their desired business name is available. This can be done at the Trade Registry
Our company registration agents in Turkey
can help you incorporate a company and register it for VAT purposes. If you would like to buy a shelf company in Turkey
, our experts can provide you with special services for this purpose.