Establishing a Limited Liability Company (LLC) in Türkiye

Q: Key Characteristics & Rules

Shareholders: Can be established with a single shareholder (minimum), up to a maximum of 50 partners. Shareholders can be real individuals or legal corporate entities. Liability: Shareholders are not personally liable for the company’s commercial debts; their liability is strictly limited to the capital share they have committed. (Note: Partners share a proportional liability only for uncollectible public/tax debts). Shares: Limited companies cannot issue bearer shares and cannot be offered to the public. Share Transfers: Unlike joint-stock companies, transferring shares in an LLC requires a notarized agreement and must be approved by the company's General Assembly.

Q: Financial Requirements

Minimum Capital: The mandatory minimum capital requirement is 50,000 Turkish Liras (TL). Flexible Payment: Unlike Joint Stock Companies, there is no mandatory upfront 25% deposit requirement before registration. You have the flexibility to pay the entire cash capital within 24 months after the official company registration.

Q: Management & Structure

General Assembly: Consists of all shareholders and is exclusively authorized to make major corporate decisions (e.g., changing the company contract or selecting directors). Director(s) / Board of Directors: Responsible for daily management and representation. At least one director must be a partner of the company. There is NO requirement for directors to be Turkish citizens or residents.

Q: The Registration Process

Equal Rights: Foreign real and legal entities are subject to the exact same rules as domestic Turkish investors. Digital Integration: The initial company contract is prepared online through the Central Registry System (MERSİS). Foreigners simply need to obtain a local tax number first to register into the system. Timeline: If all required paperwork (such as notarized company agreements, signature declarations, and the 0.04% Competition Authority share payment) is fully prepared and submitted to the related Trade Registry Office, the establishment process can be completed within just one hour.

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A Quick Guide for International Investors

If you are looking to launch a business in Türkiye, setting up a Limited Company (Limited Şirket - Ltd. Şti.) is one of the most efficient choices. In fact, it is the most popular corporate structure in the country, accounting for approximately

82% of all Turkish companies.

Here is everything a foreign investor needs to know in a nutshell:

Key Characteristics & Rules

Shareholders: Can be established with a single shareholder (minimum), up to a maximum of 50 partners. Shareholders can be real individuals or legal corporate entities.
Liability: Shareholders are not personally liable for the company’s commercial debts; their liability is strictly limited to the capital share they have committed. (Note: Partners share a proportional liability only for uncollectible public/tax debts).
Shares: Limited companies cannot issue bearer shares and cannot be offered to the public.
Share Transfers: Unlike joint-stock companies, transferring shares in an LLC requires a notarized agreement and must be approved by the company's General Assembly.

Financial Requirements

Minimum Capital: The mandatory minimum capital requirement is 50,000 Turkish Liras (TL).
Flexible Payment: Unlike Joint Stock Companies, there is no mandatory upfront 25% deposit requirement before registration. You have the flexibility to pay the entire cash capital within 24 months after the official company registration.

Management & Structure

General Assembly: Consists of all shareholders and is exclusively authorized to make major corporate decisions (e.g., changing the company contract or selecting directors).
Director(s) / Board of Directors: Responsible for daily management and representation. At least one director must be a partner of the company. There is NO requirement for directors to be Turkish citizens or residents.

The Registration Process

Equal Rights: Foreign real and legal entities are subject to the exact same rules as domestic Turkish investors.
Digital Integration: The initial company contract is prepared online through the Central Registry System (MERSİS). Foreigners simply need to obtain a local tax number first to register into the system.
Timeline: If all required paperwork (such as notarized company agreements, signature declarations, and the 0.04% Competition Authority share payment) is fully prepared and submitted to the related Trade Registry Office, the establishment process can be completed within just one hour.

How We Accelerate Your Setup

Obtaining potential tax numbers for foreign shareholders.
Drafting the company contract on MERSİS in full legal compliance.
Handling all official translations, notarizations, and Trade Registry submissions.

Ready to start your business journey in Türkiye? Contact our Foreign Investment Desk for seamless incorporation.

Establishing a Limited Liability Company (LLC) in Türkiye

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