5 Types Of Company Registrations Possible In Turkey

Turkey is one of the best investment destinations in the world, and many foreign investors are flocking to it. The returns are big and the environment is business-friendly, which means that being knowledgeable about the process of registering a company in Turkey is important. The question is, what are the types of companies that can be registered in Turkey? Let’s find out.

1. Joint Stock Company

This is a type of company where there is a definite amount of capital which gets divided into shares and the liability is also shared among the shareholders. Shareholders will only be responsible for the number of shares of the company they possess.

To register a Joint Stock Company, an Articles of Association has to be drawn up and it has to be registered in the place of business. It is a type of company where shares can be bought and sold by members of the general public according to laws and regulations. This is one of the most common types of companies to be registered in Turkey.

2. LLC

A Limited Liability Company or LLC is a small or medium enterprise and is perfect for foreign investors who want to set up business in Turkey. There can’t be more than 50 partners and employees can be 1 or multiple in number.

With easy setup and operations, this type of company registration in Turkey allows an investor to perform any and all commercial activities without any issues.

3. Collective Company

This type of company registration can be done but it has to be by a real person according to Turkish law. The number of shareholders cannot exceed two. While each of the shareholders or partners has the opportunity to manage the company as they deem fit, they can themselves come to an agreement regarding who is to look after what functions.

4. Limited Partnerships

This is another way of opening a business in Turkey. This type of private company with limited partnership and limited liability. This kind of company is meant for trading purposes and has the right to commercially do business within the boundaries of the country.

5. Cooperative Company

Such a company is not a private company or a capital one, but it is registered with partnerships between legal or real people to protect their specific economic interests. For a company to be registered as a corporate, there should not be more than 7 partners, out of which 3 have to be Turkish citizens. There will be an Articles of Association to register and establish such a company. This is one of the safest ways in Turkey to run a business with very limited liability.

Establishing a company in Turkey is possible in other ways as well. For foreign investors looking for business opportunities in Turkey, it is best to get in touch with an expert and professional consultancy with experience in company registration within the country. They will be able to provide help and support to get started with your business in the country.