Types of Companies in Turkey

Choosing a Company Type in Turkey

Turkey is a country known for its diverse business opportunities and a dynamic business community. If you’re here with the thought of starting a business or expanding your existing business, it’s important to understand where to start. One of the cornerstones of doing business in Turkey is choosing the right company structure.

This website will help you understand the different types of companies available in Turkey and learn about the advantages, disadvantages, and incorporation processes of these types. From Joint Stock Companies to Limited Liability Companies, Sole Proprietorships to Foreign Capital Companies, you will discover the characteristics of each type of company and how it plays a role in the business world.

Determining which type of company is the best fit for your business or investment is a critical step in setting your business up for success. This website will help you better understand the processes of doing business in Turkey and make your business decisions more informed.

So, before you step into the business world, it can be a good start to start using this resource to learn more about the types of companies in Turkey.

What are the Company Type Choices in Turkey?

There are 6 types of companies that can be officially established in Turkey, Below you can find explanations of the most preferred types of companies in Turkey.

Joint Stock Companies

Joint Stock Companies are one of the most common and popular types of companies in Turkey. This type of company has a structure in which the capital is divided into shares, and the shareholders, who are the owners, are held responsible for the liability of the company only in proportion to their own shares.

JOINT COMPANIES are an ideal option for companies with large and complex business operations. The establishment and management of these companies are subject to the Turkish Commercial Code and related regulations. In addition, the governing bodies of JOINT COMPANIES include structures such as the general assembly, the board of directors and the supervisory board.

This type of company is generally preferred for large-scale enterprises, inter-company cooperation, international trade, and startups with high growth potential. It is also an attractive option for entrepreneurs who want to share capital with more people or institutions.

Joint Stock Companies must be established and managed in accordance with legal regulations. Hiring a professional consultation can help you make the most of the advantages of this type of company.

If you want to get more information about Joint Stock Companies (Joint Stock Companies) or get detailed information about the establishment process, you can take a look at other resources of our site or contact our experts.

Limited Liability Companies

Limited Liability Companies are one of the most common and preferred types of companies in Turkey. This type of company offers a business structure in which the share capital is limited to a certain amount and the shareholders (partners) have limited liability.

One of the biggest advantages of Limited Liability Companies is that they have a low capital requirement. This type of company, which can be established between at least two partners, is ideal for smaller and medium-sized businesses, family businesses, and entrepreneurs. The partners share the profits and losses of the company in proportion to their shares.

The management and establishment of Limited Liability Companies are subject to the Turkish Commercial Code and relevant legal regulations. The company’s governing bodies may include the general assembly, the board of directors and the supervisory board. There are also some important issues to consider in the establishment of Limited Liability Companies, so it is important to get a professional consultancy service.

This type of company makes the process of doing business more transparent, as it clearly defines the relationships and responsibilities between the partners. In addition, Limited Liability Companies are an effective option to protect and grow the business you own.

If you want to get more information about Limited Liability Companies or to get detailed information about the establishment process, you can take a look at other resources on our site or contact our experts.

 

Foreign Capital Companies

Foreign Capital Companies are the types of companies established by foreign investors in Turkey for the purpose of doing business. These companies are established by foreign individuals or foreign entities for the purpose of operating, investing, or trading in Turkey. Foreign Capital Companies offer investors the opportunity to do business in Turkey’s dynamic business environment.

The process of establishing a Foreign Capital Company in Turkey and legal regulations are determined by the Foreign Capital Law and related legislation. Foreign Capital Companies can be established in different forms such as companies with foreign capital, companies with foreign capital with Turkish partners or representative offices.

Foreign Capital Companies offer several advantages for foreign investors looking for opportunities to trade, invest, and grow in Turkey. These companies provide the opportunity to integrate with the Turkish business world and offer ease of access to regional and international markets thanks to Turkey’s strategic location.

The process of setting up a Foreign Capital Company can be complex, and it is important to meet the legal requirements. A professional advisory service can help investors go through this process more easily and smoothly.

If you want to get more information about Foreign Capital Companies or get detailed information about the establishment process, you can take a look at other resources of our site or contact our experts.

Joint Stock Partnership Companies

Joint Stock Partnership Companies are a type of company that aims to do business in Turkey and divides its capital into shares. These companies raise capital by issuing stock, and these shares are shared equally or in different proportions among the shareholders who own the company. Joint Stock Partnership Companies aim to grow and increase capital while protecting the personal assets of their owners.

Joint Stock Partnership Companies, which are subject to the Turkish Commercial Code and related legal regulations, have a transparent business structure and management system. The company’s governing bodies include structures such as the general meeting, the board of directors, and the supervisory board. These structures regulate the management and operation of the company.

Joint Stock Partnership Companies are often preferred for large-scale enterprises, public companies, and international businesses. This type of company offers flexibility in raising capital, making new investments, and expanding the business.

The process of setting up a Joint Stock Company can be complex, and it is important to meet the legal requirements. A professional consultancy service can help you go through this process more easily and smoothly.

If you want to get more information about Joint Stock Partnership Companies or to get detailed information about the establishment process, you can take a look at other resources of our site or contact our experts.

Sole Proprietorships

Sole Proprietorships are a type of business that aims to do business in Turkey and is owned by only one person. These companies assume all responsibility and management of the business by the person who owns it. According to the Turkish Commercial Code, a Sole Proprietorship is considered a personal business and is registered in the name of the owner.

One of the biggest advantages of Sole Proprietorships is the ease of their incorporation and operation. With minimal capital requirements, this type of company is especially ideal for small businesses, entrepreneurs, and tradespeople. Sole Proprietorship owners have the freedom to manage their business personally and make business decisions quickly.

One of the disadvantages of this type of company is that the owner’s personal asset is unrestricted liable with the business entity. That is, the owner’s personal assets are also at risk against business debts.

Sole Proprietorships can operate in different sectors and produce services or goods. Tax and accounting regulations deal with the owner’s personal income and business income separately.

Choosing the Right Type of Company in Turkey?

In this guide, we tried to explain the types of companies in Turkey. Hopefully, this resource can guide you as you start your business or manage your current business and help you make more informed decisions.

Choosing from the various types of companies that Turkey has to offer can be time-consuming. But with the right knowledge and guidance in this process, you can ensure that your business grows and operates successfully.

In the process of setting up a company and changing the type of company, you should carefully examine each step and choose the best option to suit the needs of your business. Considering your legal, financial and operational requirements, do not forget to seek advice from experts.

In conclusion, keep in mind that doing business in Turkey can be exciting and fruitful. Choosing the right type of company can be the key to your success. We wish you success in this journey in the business world.