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Types of Corporations in Turkey


In Turkey there are 2 popular forms of incorporation as a company, "a joint stock company: and a "limited liability company".
  • 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.


Updated by "Independent Accountants", July 2009.










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