Various company structures are available for incorporation in Turkey, offering flexibility to suit different business needs. The three main types of companies are outlined below:
Ideal for medium and small businesses and projects, the Limited Liability Company in Turkey requires a relatively low establishment cost, starting at TRY 10,000. This type of company can have a minimum of one shareholder and a maximum of 50 people.
Established for specific commercial projects with a designated commercial name, Joint Venture Companies provide all shareholders with limited liability. The capital in these companies is not confined to a minimum amount, offering flexibility in financial requirements.
Joint Stock Company type divides its capital into shares distributed among shareholders, with their liability limited based on the percentage of shares they hold. A minimum of five shareholders is required, and the initial capital is set at TRY 50,000, with a quarter of this amount paid before the company is officially registered with the Turkish government.
For a seamless entry into the Turkish business landscape, consider leveraging Azkan Group’s Turkey Employer of Record (EOR) solutions. By utilizing our established infrastructure, you can tap into lucrative business opportunities in Turkey immediately. To delve deeper into our offerings, schedule a demo with our Azkan Group experts !