DOING BUSINESS IN TURKEY

Responsibilities of Managers and
Partners in Companies

There are two types capital companies in Turkey.

Kind of Capital Company

Minimum Capital

Minimum Founder

Limited Şirket (Limited Company)

10.000 TRY

1 Person

Anonim Şirket (Joint-stock Company)

50.000 TRY

1 Person

The liabilities of the Managers and Partners regarding the unpaid debts of the company change of according to the situations of the persons and the company structure. The table below gives an overview of responsibilities.

Limited Company or Joint-stock Company?

Usually, we recommend to our clients to set up a Joint-stock company. Although there are more procedures during the year compared to Limited companies, it is less than Limited companies when evaluated in terms of responsibilities. Also, when it comes to the transfer of partnership shares, the process takes less time as it has fewer procedures than the Limited company and also there is an exception of capital gain tax for joint-stock company.

DOING BUSINESS IN TURKEY

Taxation in
Turkey

DOING BUSINESS IN TURKEY

Employee
Cost

DOING BUSINESS IN TURKEY

Investment
Process

DOING BUSINESS IN TURKEY

Set Up a New
Company in Turkey

ANY Partners