Foreign companies can own 100% of Turkish corporate entities. Minimum capital requirement is TRL 50,000 for A.Ş. and TRL 10,000 for LTD. A.Ş. companies are more flexible with board of directors and share certificates. LTD. companies are smaller-scale with limited liability. Both types can only be incorporated by one shareholder
Turkish Commercial Code recognizes five types of companies. Joint Stock Companies and Limited Liability Companies comprise 82% of total companies. Limited Partnership and Collective Companies comprise approximately 1%
AG is a capital company with shareholders as co-owners. Minimum registered capital is €50,000. Shareholders' rights depend on their share in registered capital