Establishing a Limited Liability Company
The limited liability company is the most used type of business in Turkey, mostly for small to medium sized businesses, because of a relatively easy registration process, low corporate taxes and a lot more advantages. A Limited Liability company is founded by at least 1 members, in their persons, or their legal entities and they are held liable for the company's losses and debts only to the extent of their contribution. The minimum required capital to open this type of company in Turkey is 100,000 TL, out of which 1/4 must be deposited upon the registration of the company. Limited companies cannot issue stock certificates.