Are you looking to establish a company in Turkey or do you have a dispute in relation to your company registered in Turkey? Advising and litigating for some of the most respected firms in Turkey, we can definetely help you.
Commercial law, also known as business law, is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce.
In Turkey we have general partnerships, limited partnerships, joint stock companies and partnerships with limited liability and co-operative partnerships.
A Turkish LTD (limited liability company)
is established by at least one shareholder with a capital of minimum 10.000 TL. The minimum share capital has to be deposited at once, installments are not allowed.
Partnerships with Limited Liability may be formed by an individual (lay or legal) or by a group of lay or legal persons. The number of partners may not exceed 50 and there is personal liability for tax debts of the company for shareholders limited to her/his contribution to the total share.
A Turkey LLC requires a minimum of one shareholder, one director. A Turkish secretary is not required. A Turkey LLC can be formed in less than a week and the shareholder do not have to travel to Turkey.
How to Set Up a Limited Company In Turkey
Setting up a limited liability company in Turkey is straightforward. It is done via online application. For that the following will be needed:
- If you will not sign yourself at the trade registry office yourself, you will need to issue a power of attorney for us to set up the firm at the trade registry office on your name. For information on trade registry offices in Turkey, visit https://www.tobb.org.tr/Sayfalar/AnaSayfa.php
- Your passport
- Execute and notarize company documents
- An address for your headquarters – a rental contract or a property owned in Turkey
- The costs musts be paid
- A tax number and a bank account in Turkey