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Setting Up a Joint Stock Company

 The company’s stock capital is divided into shares and the liability of the shareholders is limited to the subscribed capital and paid by the shareholder. At least one shareholder (real person or legal entity) and a minimum capital of TRY 50,000 are mandatory. The amount of the registered capital subscribed in the articles of incorporation cannot be less than TRY 50,000; while the initial capital in non-public joint stock companies with a registered capital system, which presents the board of directors’ limit of authority to increase capital, cannot be less than TRY 100,000. This minimum capital amount may be increased by the Council of Ministers. The mandatory company shall include a general assembly and a board of directors.

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