Business
Turkey — Business: Limited Company
A Turkish limited company (LTD) needs TRY 50,000 minimum capital payable over 24 months and at least one manager who is a shareholder.
VerifiedProfessional tax guide — not a government sourceASY Legal via Mondaq, Company Formation in Turkey 2026 (law-firm source)Last reviewed: 2026-10-26
Why this matters
A relocating entrepreneur or small business owner should understand the Turkish limited company structure to make informed decisions about their business setup and operations.
Key facts
- LTD minimum capital is TRY 50,000, payable over 24 months with no initial deposit requirement.
- An LTD must have at least one manager who is a shareholder; 100% foreign ownership is permitted.
- LTD share transfers must be notarized and registered, unlike A.S. share transfers.
- LTD registration is described as more streamlined than for an A.S.; articles are filed through the online trade registry.
- Source is a law-firm article; confirm current capital thresholds with the Trade Registry.
Steps
- Step 1: Choose a Company Name — The company name must be unique, comply with Turkish naming conventions, and reserve the desired name with the Turkish Trade Registry (Ticaret Sicil Müdürlüğü).
- Step 2: Obtain a Tax ID Number — The company must obtain a tax ID number (Vergi Kimlik Numarası) from the Turkish Revenue Administration.
- Step 3: Register the Company — The company must be registered with the Turkish Trade Registry and obtain a trade registry number (Ticaret Sicil No).
- Step 4: Open a Business Bank Account — The company must open a business bank account to receive and manage funds.