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If you are looking to start a business in Turkey, the first step is to choose the type of company that best meets your needs and expectations.
When setting up a new organization in Turkey, we can provide you with a registered office address, either temporarily or permanently.
We prepare annual balance sheets and income statements for local regulatory compliance.
We specialize in tax consultancy & Turkish tax laws for foreign investors looking to establish businesses in Turkey.
Accounting services include the establishment and implementation of comprehensive accounting systems for companies.
Legal support for business operations, contracts, and regulations in the process of company establishment.
A Joint Stock Company is characterized by its capital, which is divided into shares. Key features include:
• Liability: Shareholders are liable only up to the capital they have committed.
• Transfer of Shares: Shares can be freely transferred without the need for general assembly approval.
• Capital Requirement: Minimum capital required is 50,000 Turkish Liras.
• Management: Managed by a board of directors, which can consist of a single member.
• Public Offering: The only type of company in Turkey that can offer shares to the public and have them traded on the stock exchange.
• Audit: Subject to independent audit if certain criteria are met.
A Limited Company is also defined by its capital divided into shares. Key features include:
• Liability: Partners are liable only up to the capital they have committed.
• Number of Shareholders: Can be established by a single shareholder, but cannot exceed fifty shareholders.
• Capital Requirement: Minimum capital required is 10,000 Turkish Liras.
Management: Managed by directors, with at least one director being a partner of the company.
• Public Offering: Cannot offer shares to the public.
A Collective Company is a private company where:
• Partners: Only real persons can be partners.
• Liability: Partners have unlimited liability and are personally liable for the company’s debts.
• Management: Managed by the partners, with each having the right to manage the company.
There are two types of limited partnerships: ordinary limited partnerships and limited partnerships divided into shares. Key features include:
• Liability: Consists of both limited and unlimited liable partners.
• Management: Managed by the active partners (unlimited liable), while dormant partners (limited liable) cannot manage the company.
• Capital Requirement: No minimum capital requirement for ordinary limited partnerships.
A Cooperative is a unique form of company aimed at promoting the economic interests of its members. Key features include:
• Membership: Can be established by at least seven partners.
• Liability: Partners’ liability can vary, with options for second-degree unlimited liability or limited liability up to a certain amount.
• Management: Managed by a board of directors, with at least three members.
Founded in 2020, our company provides accounting, payroll, company establishment and tax consultancy services to more than 400 local and foreign companies.
Get in touch with our experts for any questions.
Our team will get in touch with you as soon as possible.
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