Registration of a Corporation in Turkey

Types of Corporations in Turkey

• Joint Stock Company (with the suffix of A.S. in Turkey)
  -A minimum of 5 shareholders is required to found the company.
  -The shareholders may be individuals or a limited company.
  -The liability of the owners of the company is limited to the sum of capital invested.
  -The total capital must be at least TL 50,000.
  -The shares may be registered in the name of their owners or negotiable shares (bearer shares).
  -The company nominates a 'board of directors' Auditors.
  -The manager of the company may be a shareholder or any other citizen.
  -An annual general meeting of the shareholders must be held.
  -Companies that are traded on the stock exchange operate in this form.
  -Companies in Turkey that are owned by foreign investors are usually A.S. companies.
  
  
• Limited Liability Companies (with the suffix STI.LTD. in Turkey)
  -The minimum of number of shareholders is -2. The maximum number of shareholder - 50.
  -Shareholders may be individuals or legal entities.
  -The minimum capital for a company - TL 5,000.
  -Shares are not negotiable. A share may be sold only with the consent of at least 75% of the shareholders.
  -A limited liability company may not engage in banking or insurance.
  -There is no obligation to hold an annual general meeting of the shareholders.