Unlocking Business Opportunities
Under Turkish law, two primary types of capital companies exist: Joint Stock Corporations, known as ‘Anonim Şirket’ (AS), and Limited Liability Companies, referred to as ‘Limited Şirket’ (LTD). Both offer limited liability protection to shareholders, securing their interests within the scope of the share capital subscribed.
Joint Stock Corporations (AS): These entities are akin to ‘Corporations’ in the U.S. and ‘Société Anonyme’ in Europe. AS entities are known for their advanced legal structures and operational flexibility, making them a preferred choice for various business activities.
Limited Liability Companies (LTD): LTD entities are typically selected for smaller-scale projects and investments, offering a more streamlined approach to business operations.
Incorporation Procedures and Timeline
The process of incorporating a company in Turkey is multifaceted, involving numerous steps and required documents. Given the complexities, it is strongly recommended to seek expert assistance during the incorporation process to navigate potential challenges effectively.
The intricacies arise from diverse document requirements, which become more intricate when foreign investors or companies are involved. Some documents may necessitate apostille verification, and specific notarization criteria apply to certain documents.
While the trade registry online system is the initial application portal for company formation, it can be perplexing, particularly for inexperienced applicants and foreigners. Once all necessary documents are prepared and assembled, the incorporation process typically takes less than two weeks following document submission for both AS and LTD capital companies (please note that processing times may vary, but this is the standard timeline).
For in-depth insights into the incorporation process in Turkey, we invite you to explore our comprehensive article on this subject, available here. Our commitment is to provide expert guidance and support to ensure a seamless incorporation experience for your business endeavors in Turkey.