{"id":21522,"date":"2024-02-03T08:38:39","date_gmt":"2024-02-03T08:38:39","guid":{"rendered":"https:\/\/ggiturkey.com\/?p=21522"},"modified":"2024-02-03T08:38:39","modified_gmt":"2024-02-03T08:38:39","slug":"types-of-companies-in-turkey-2024","status":"publish","type":"post","link":"https:\/\/ggiturkey.com\/real-estate-news\/types-of-companies-in-turkey-2024\/","title":{"rendered":"Types of Companies in Turkey 2024"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/types-of-companies-in-turkey-2024\/#Types_of_Companies_in_Turkey\" title=\"Types of Companies in Turkey:\">Types of Companies in Turkey:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/types-of-companies-in-turkey-2024\/#1-Joint-Stock_Company\" title=\"1-Joint-Stock Company:\">1-Joint-Stock Company:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/types-of-companies-in-turkey-2024\/#2-_Partnership_Company\" title=\"2- Partnership Company:\">2- Partnership Company:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/types-of-companies-in-turkey-2024\/#3-_Unlimited_Liability_Company\" title=\"3- Unlimited Liability Company:\">3- Unlimited Liability Company:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/types-of-companies-in-turkey-2024\/#Limited_Liability_Company_in_Turkey\" title=\"Limited Liability Company in Turkey:\">Limited Liability Company in Turkey:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/types-of-companies-in-turkey-2024\/#Cooperative_Company_in_Turkey\" title=\"Cooperative Company in Turkey:\">Cooperative Company in Turkey:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/types-of-companies-in-turkey-2024\/#Solidarity_Company_in_Turkey\" title=\"Solidarity Company in Turkey:\">Solidarity Company in Turkey:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/types-of-companies-in-turkey-2024\/#Unlimited_Liability_Company\" title=\"Unlimited Liability Company:\">Unlimited Liability Company:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/types-of-companies-in-turkey-2024\/#Establishing_a_Company_in_Turkey\" title=\"Establishing a Company in Turkey:\">Establishing a Company in Turkey:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/types-of-companies-in-turkey-2024\/#Required_Documents_for_Establishing_a_Company_in_Turkey\" title=\"Required Documents for Establishing a Company in Turkey:\">Required Documents for Establishing a Company in Turkey:<\/a><\/li><\/ul><\/nav><\/div>\n<p>Turkey is known for being a <strong><a href=\"https:\/\/ggiturkey.com\/real-estate-news\/owning-a-commercial-property-in-turkey\/\">commercial<\/a> <\/strong>country with a strong local economy. Many Arabs and foreigners are interested in opening.<\/p>\n<p>their businesses and company headquarters in Turkey. This requires a process known as &#8220;establishing a company in Turkey&#8221; to conduct limited and unlimited.<\/p>\n<p>commercial activities in accordance with Turkey&#8217;s general laws.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Types_of_Companies_in_Turkey\"><\/span><strong>Types of Companies in Turkey:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p>The types of <strong><a href=\"https:\/\/ggiturkey.com\/real-estate-news\/the-best-construction-companies-in-turkey\/\">companies<\/a> <\/strong>in Turkey vary depending on the business activities one wishes to engage in, and the licenses granted by the official authorities in Turkey.<\/p>\n<p>represented by the Chambers of Commerce in Turkish provinces, depending on the type of company itself. Companies in Turkey can be categorized into four main types:<\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1-Joint-Stock_Company\"><\/span><strong>1-Joint-Stock Company:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The budget of the joint-stock company is distributed among its shareholders (partners), with each having specific responsibilities based on the number of shares they own.<\/li>\n<li>The number of partners in a joint-stock company must not be less than five individuals or legal entities, with a minimum capital of 50,000 Turkish Lira. 25% of this amount is paid as part of the company&#8217;s establishment and registration process.<\/li>\n<li>Turkish laws allow joint-stock companies to engage in various commercial or industrial activities, except for certain activities that require special permits from the Turkish Ministry of Industry and Trade.<\/li>\n<li>The company is composed of a Board of Directors and a Supervisory Board.<\/li>\n<li>Joint-stock companies can issue registered shares and bearer shares, as well as bonds and similar debt instruments.<\/li>\n<li>The joint-stock company has a written Articles of Association registered in the commercial registry at its headquarters.<\/li>\n<li>It is possible to establish a joint-stock company with a single shareholder, whether natural or legal persons.<\/li>\n<\/ul>\n<p style=\"text-align: center\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-21535 size-full\" src=\"https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0627\u0644\u0634\u0631\u0643\u0627\u062a-\u0641\u064a-\u062a\u0631\u0643\u064a\u0627.jpg\" alt=\"\u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0641\u064a \u062a\u0631\u0643\u064a\u0627\" width=\"1280\" height=\"720\" srcset=\"https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0627\u0644\u0634\u0631\u0643\u0627\u062a-\u0641\u064a-\u062a\u0631\u0643\u064a\u0627.jpg 1280w, https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0627\u0644\u0634\u0631\u0643\u0627\u062a-\u0641\u064a-\u062a\u0631\u0643\u064a\u0627-300x169.jpg 300w, https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0627\u0644\u0634\u0631\u0643\u0627\u062a-\u0641\u064a-\u062a\u0631\u0643\u064a\u0627-1024x576.jpg 1024w, https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0627\u0644\u0634\u0631\u0643\u0627\u062a-\u0641\u064a-\u062a\u0631\u0643\u064a\u0627-768x432.jpg 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2-_Partnership_Company\"><\/span><strong>2- Partnership Company:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Only natural persons can be partners in a partnership company (General Partnership).<\/li>\n<li>Each partner has the right and duty to manage the company separately. However, the management of the business can be assigned to one.<\/li>\n<li>several, or all of the partners, either by the company&#8217;s agreement or by the majority of the partners.<\/li>\n<li>A partnership company must have at least two partners.<\/li>\n<li>The partners of the company have unlimited second-degree liability towards the company&#8217;s creditors.<\/li>\n<li>There is no minimum capital requirement for partnership companies.<\/li>\n<li>The transfer of shares in the company does not require the approval of the General Assembly, and shareholders can transfer their shares to other parties.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3-_Unlimited_Liability_Company\"><\/span><strong>3- Unlimited Liability Company:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>It is a private sector company with divided capital, and it is a capital company.<\/li>\n<li>These are the main types of companies in Turkey.<\/li>\n<li>each with its own characteristics and legal requirements for establishment and operation. The choice of the type of company.<\/li>\n<li>depends on the nature of the business and the preferences of the investors.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Limited_Liability_Company_in_Turkey\"><\/span><strong>Limited Liability Company in Turkey:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Turkish laws allow the establishment of a limited liability company by at least two individuals, one of whom is a managing partner (with limited liability).<\/li>\n<li>and the other is a silent partner (with unlimited liability).<\/li>\n<li>Limited partners can be natural persons, while the managing partner can be either natural or legal persons.<\/li>\n<li>The liability of the managing partners is limited to the capital they contributed or committed to, and the managing partner cannot manage the company independently.<\/li>\n<li>There are two types of limited partnerships: ordinary limited partnership and limited partnership with divided capital.<\/li>\n<li>The most significant advantage of a limited liability company is that it combines partners with limited and unlimited liability. Some partners have limited liability, while others have unlimited liability.<\/li>\n<li>The liability of the silent partner is similar to that of a general partnership partner.<\/li>\n<li>Creditors who cannot cover their claims from the company&#8217;s assets can apply to the silent partners. The silent partners are the ones who manage the company.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cooperative_Company_in_Turkey\"><\/span><strong>Cooperative Company in Turkey:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Cooperatives refer to joint and shared enterprises established by real and legal persons to provide and protect specific economic interests of the partners.<\/li>\n<li>especially those related to their professions or livelihoods through mutual assistance, solidarity, and financial contributions.<\/li>\n<li>Each partner in cooperatives undertakes at least one thousand shares and a maximum of five thousand shares.<\/li>\n<li>The articles of incorporation must include provisions agreed upon by the partners specifying that they are responsible for second-degree.<\/li>\n<li>unlimited liability for the cooperative&#8217;s collaborating creditors or are limited to a certain amount exceeding the share of the capital they committed to.<\/li>\n<li>All partners, except those who are not partners, may participate in the General Assembly of the cooperative before three months from the General Assembly.<\/li>\n<li>This requirement is not mandatory in cooperative formation.<\/li>\n<li>The cooperative company is not a private or capital company but operates as a regular trading company.<\/li>\n<li>A cooperative is established with at least seven partners, without affecting specific types.<\/li>\n<li>The Board of Directors consists of at least three members, Turkish citizens who meet other legal requirements.<\/li>\n<li>Board members can be elected for a maximum of four years unless otherwise specified in the Articles of Association, and re-election is possible.<\/li>\n<li>One or more auditors are elected by the General Assembly as a supervisory body for the cooperative for at least one year, and auditors.<\/li>\n<li>are required to be members of the Board of Directors.<\/li>\n<\/ul>\n<p style=\"text-align: center\"><img decoding=\"async\" class=\"aligncenter wp-image-21536 size-full\" src=\"https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0627\u0644\u0634\u0631\u0643\u0627\u062a.jpg\" alt=\"\u0627\u0644\u0634\u0631\u0643\u0627\u062a\" width=\"1280\" height=\"720\" srcset=\"https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0627\u0644\u0634\u0631\u0643\u0627\u062a.jpg 1280w, https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0627\u0644\u0634\u0631\u0643\u0627\u062a-300x169.jpg 300w, https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0627\u0644\u0634\u0631\u0643\u0627\u062a-1024x576.jpg 1024w, https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0627\u0644\u0634\u0631\u0643\u0627\u062a-768x432.jpg 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Solidarity_Company_in_Turkey\"><\/span><strong>Solidarity Company in Turkey:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>This type of company aims to operate a specific commercial project under a designated trade name with the liability of all contributors being limited.<\/li>\n<li>with no minimum capital requirement. All contributors in a solidarity company must be natural persons.<\/li>\n<li>and the rights and obligations of partners are determined through the Articles of Association.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Unlimited_Liability_Company\"><\/span><strong>Unlimited Liability Company:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>This type of company is typically referred to as &#8220;Unlimited.&#8221; Obtaining a license for this type of company can be challenging due to its different.<\/li>\n<li>conditions and administrative reference for licensing.<\/li>\n<li>Unlimited liability companies include banks, private financial institutions, insurance companies, foreign exchange offices, debt collection companies, holding companies, and companies dealing with warehousing.<\/li>\n<li>Partners in unlimited liability companies are personally liable for the company&#8217;s debts.<\/li>\n<li>They are obligated to pay the capital shares they committed to and fulfill payment obligations and additional performance specified in the company&#8217;s contract.<\/li>\n<li>A partnership can be established with a single partner.<\/li>\n<li>The number of partners should not exceed fifty.<\/li>\n<li>Partners in a limited liability company can be natural or legal persons.<\/li>\n<li>The capital of a limited liability company should not be less than 10,000 Turkish Lira, and the full capital can be paid in cash within 24 months of the company&#8217;s registration.<\/li>\n<li>Limited liability companies cannot offer their shares to the public.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Establishing_a_Company_in_Turkey\"><\/span><strong>Establishing a Company in Turkey:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Turkish law allows the establishment of a limited liability company by a single person or legal entity, and it can be managed by foreigners.<\/li>\n<li>provided they obtain a work permit. Foreigners can own 100% of the company&#8217;s shares.<\/li>\n<li>Experts recommend that a lawyer with experience in establishing.<\/li>\n<li>commercial companies oversee the establishment process<\/li>\n<li>It&#8217;s also essential to hire a qualified accountant to manage the company&#8217;s finances and a legal accountant, as they are recognized by.<\/li>\n<li>the Turkish government and play a crucial role in representing the company in government transactions.<\/li>\n<li>The process of establishing a company in Turkey typically takes no more than one week or less.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Required_Documents_for_Establishing_a_Company_in_Turkey\"><\/span><strong>Required Documents for Establishing a Company in Turkey:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>A valid passport with a minimum of 6 months&#8217; validity.<\/li>\n<li>Entry stamp into Turkey.<\/li>\n<li>A translated copy of the passport into Turkish and notarized.<\/li>\n<li>A tax number obtained from the nearest tax directorate or online.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turkey is known for being a commercial country with a strong local economy. Many Arabs and foreigners are interested in opening. their businesses and company headquarters in Turkey. This requires a process known as &#8220;establishing a company in Turkey&#8221; to conduct limited and unlimited. commercial activities in accordance with Turkey&#8217;s general laws. &nbsp; &nbsp; Types [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":21537,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[233,240],"class_list":["post-21522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-news","tag-commercial","tag-companies"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Types of Companies in Turkey 2024 - Golden Group Investment<\/title>\n<meta name=\"description\" content=\"Turkey is known for being a commercial country with a strong local economy. 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