Limited Liability Company
Limited company in Turkey is most chosen company type by foreign investors, to set up a Limited Liability Company one shareholder and one director are required, foreign nationals and companies can be shareholder and director at Turkish Limited Company. Liability of the shareholders in the limited company is restricted by share capital of the shareholder. Minimum capital requirement is 10.000 TL at LLC.
Joint Stock Company
For Joint Stock Company formation in Turkey one shareholder is enough and foregin individuals or companies can set up a Joint Stock Company in Turkey. Capital requirement at Joint Stock Company is minimum 50.000 TL and 25% of the total capital must be deposited at the bank account before registration of the Joint Stock Company. Joint stock companies can issue stock certificate and at joint stock companies, shareholders liability is restricted by their share capital.
Another way to take place in Turkey market is to set up Liaison Office. Foreign companies can open a Liaison Office in Turkey. Liaison Offices are not allowed to do any commercial activity and get trade earnings as per relevant Turkish Law. In Turkey Liaison Office’ s permission is given by relevant Ministry in Ankara, Turkey. Foreign companies prefer to set up liaison in order to introduce theirselves and know more about Turkish market.
Metropol Consulting provides easy solutions to set up Limited Liability Company (LLC), Joint Stock Company, Branch Office, Liaison Office in Turkey. We assist investors and entrepreneurs to start a business and set up company in Turkey.
Foreign companies can incorporate Branch office in Turkey. The foreign company, opening Branch Office in Turkey needs to appoint a managing director; in case the director is foreign national the director must have work permit in Turkey. Branch Office’s liability is restricted with the parent company’s liability.