LEGAL ENTITIES IN TURKEY

"There are several forms of legal entities which the investors must strategically decide on"

LLC Limited Liability Company (LTD.)

  • 1- 50 shareholders
  • Minimum capital 10.000 TL
  •  Corporate Income Tax Payer
  • No obligation to have a lawyer by LLC capitals
  • At least one shareholder is required to be on board of directors (BoD)
  • Shareholders are responsible for public debts in proportion to their own capital.
  • Mandatory legal books: journal book, general ledger, inventory book, share book, general assembly meeting book, board  of managers book
  • Notary/Trade registry is required on share transfer processes
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Joint Stock Turkey

Joint Stock Company (A.S.) ​

  • 1- 500 shareholders
  • Minimum capital 50.000 TL
  • Corporate Income Tax Payer
  • Easy procedures on share transfer processes
  • >250.000 TRY capital entities must assign lawyer
  • Shareholders are not required to be on board of directors (BoD)
  • Mandatory legal books: journal book, general ledger, inventory book, share book, general assembly meeting book, board  of directors book

Liaison Office​

  • Single foreign investor (Sole Shareholder)
  • No capital requirement
  • Excepted from CIT, income tax and stamp tax
  • Excepted from payroll taxes
  • Salaries must be paid based on foreign currency
  • Allowed only for marketing and research activities
  • Simple establishment procedures
  • Most favorite setup type for foreign investment start-ups
  • Legally not allowed to gain any income from operational activities in Turkey
Liaison Office in Turkey, Istanbul
branch office in Turkey, Istanbul

Branch Office

  • Single Foreign Investor
  • No Capital Requirement
  • Corporate Income Tax Payer
  • Salary Tax Payer
  • Simple set up process
  • Not allowed for any stock option

Unlimited Company (Privat)

  • Partnership of natural persons
  • No capital requirement
  • Individual income tax payer
  • Simple set up process
  • Low cost on establishment step
Natural Person, Private Company in Turkey

YOUR BUSINESS SET-UP JOURNEY STARTS HERE

YOUR GLOBAL PARTNER in TURKEY

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