Turkey LLC

A limited liability company is established with at least one shareholder (a real person or a legal entity); the liability of shareholders is limited to the subscribed capital and paid by the shareholder. The number of shareholders may not exceed 50. A limited liability company can be established for any economic purpose that is not prohibited by law. A minimum capital of TRY 10,000 is mandatory and value per share cannot be less than TRY 25. All of the capital should be committed unconditionally by shareholders and at least 25% of the nominal value of the shares subscribed in cash must be paid before registration with the Trade Registry.
Turkey Limited Liability Company Key features

1. A limited liability company is established with at least one shareholder (a real person or a legal entity);
2. The liability of shareholders is limited to the subscribed capital and paid by the shareholder.
3. The number of shareholders may not exceed 50.
4. A minimum capital of TRY 10,000 is mandatory and value per share cannot be less than TRY 25.
5. All of the capital should be committed unconditionally by shareholders and at least 25% of the nominal value of the shares subscribed in cash must be paid before registration with the Trade Registry

Turkey Limited Liability Company Legal Requirements

Turkey Limited Liability Company	Corporate Details
General
Type of Entity	LLC
Registered Office in Turkey	Yes
Access to Double Taxation Treaties	Yes
Share capital or equivalent
Standard currency	TRY
Permitted currencies	Any
Minimum Capital	TRY 10,000
Bearer shares allowed	Yes
No par value shares allowed	Yes
Directors
Minimum number	1
Local required	No
Corporate directorship allowed	Yes
Shareholders
Minimum number	1
Maximum	50
Corporate shareholder allowed	Yes
Company Secretary
Required	No
Local or qualified	Not required
Accounts
Requirements to prepare	Yes
Audit requirements	Yes
Requirements to file accounts	No
Publicly accessible accounts	No

Turkey LLC Tax Treatment

• TurkeyLLC is not subject to tax on foreign sourced income.
• Turkey LLC attracts a corporate tax of 20%

Turkey LLC Duration to Set- up
1 -3 Working Days
Turkey LLC Distinctive Benefits

• TurkeyLLC is not subject to tax on foreign sourced income.
• Speedy set up of a Turkey LLC as it takes 1- 3 days
• The shareholders’ liability for losses is limited to their share of ownership of the company.

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