Türkiye’s Foreign Direct Investment (FDI) Law is based on the principle of equal treatment and allows international investors to have the same rights and liabilities as local investors.
The conditions for setting up a business and transfer of shares are the same as those applied to local investors. International investors may establish any form of company set out in the Turkish Commercial Code (TCC), which provides for a corporate governance approach that meets international standards, fosters private equity and public offering activities, creates transparency in managing operations and brings the Turkish business environment in compliance with EU legislation as well as with the EU accession process.
Company Types under TCC and Alternative Forms
There are different forms of companies under the TCC, which states that companies may be established under the following types:
• Joint Stock Company (JSC)
• Limited Liability Company (LLC)
• General Partnership• Limited Partnership
• Partnership Limited by Shares
Although companies may be established according to these five different types, JSC and LLC are the most common types chosen both in the global economy and Türkiye.
Starting a business in Antalya is easy with Business in Antalya Team:
• Our professional lawyer prepares the corporate documents.
• We open a bank account tailored to your business needs.
• We obtain a tax identification number for the foreign real person.
• We register your company at the Turkish Trade Registry Directorate.
• We obtain a tax identification number for your firm.
• We will manage the preparation for all the documents involved.
• We will provide you a foreign language speaking companion during the whole process.
What is a Public Limited Company (PLC)? A Public Limited Company (PLC) is a type of trading company that raises its capital through the issuance of shares, limiting the liability of shareholders to the amount invested. It is recognized as an independent legal entity, and the liability of shareholders is typically limited to the capital they contribute.
Budget planning is a crucial element for companies aiming at successful financial management and sustainable growth. This process plays a vital role in strengthening a company's financial health and preparing it for future uncertainties. Here are key points explaining the significance of budget planning for companies:
It's important to note that while you can draft a partnership agreement on your own, it is advisable to seek legal advice to ensure that the document complies with local laws and adequately protects the interests of all parties involved.
