TR

Limited Company Formation in Türkiye: Process and FAQ

Savun Law & Consultancy · Updated 30 October 2026

Limited Company Formation in Türkiye: Process and FAQ

A limited company is a company with a fixed share capital, formed under a single trade name by one or more natural or legal persons. It is one of the most common company types in Türkiye.

⚖️ Formation Process

Under Article 573 and the following articles of the Turkish Commercial Code (TTK), a limited company can be formed with at least one partner. Preparing the articles of association, the capital commitment, appointing managers, and registration and announcement in the trade registry are the basic steps. To decide which type is suitable, the comparison of joint-stock and limited companiesTR is useful.

Summary: With its flexible structure and low partner numbers, the limited company is a common choice for small and medium-sized businesses.

📌 Articles of Association and Managers

The articles of association must specify the trade name, subject, capital, shares and managers. Because the liability of managersTR matters later on, the provisions on representation and management should be drafted with care.

❓ Frequently Asked Questions

How many partners does it take to form a limited company?

It can be formed with at least one and at most fifty partners.

Does a manager have to be a partner?

No; persons who are not partners can also be appointed as managers, but at least one partner must hold the right of management.

Is there a capital limit?

The minimum share capital amount is set in the legislation; the rules on commitment and payment apply.

Should I form a limited or a joint-stock company?

It depends on the need; differences in share transfer, going public and liability should be assessed.

Savun Law & Consultancy assists with limited company formation. For detailed information and legal support, you can contact Savun Law & Consultancy.

This article is general information and may vary with current legislation. Each case is unique.

3 attorneys registered with the Istanbul Bar Association · verifyGoogle 4.8 ★ · 123+ reviews · seeOffice in Istanbul · English-speaking team · about us
Attorney Veli Savun

Questions & answers · Istanbul Bar Association 75235

Have a question about this topic? Ask our lawyer.

Write your question and Attorney Veli Savun will answer it on this page. You do not need to give your name.

Example questions — tap one and adapt it to your situation:

About your personal data

Savun Law & Consultancy processes your question or comment in order to publish and answer it. If you tick the contact box, your phone number is used only to contact you (Turkish Personal Data Protection Law No. 6698, Art. 5/2-c and f). Your nickname and text are published; your phone number, IP address and the uncleaned version of your text are not. Contact records are deleted within 12 months at the latest. You may exercise your rights under Art. 11 by contacting our office.

Answers are general information only; they do not create a lawyer–client relationship and are not legal advice on your specific case. All questions & answers →

This page is an English adaptation of our Turkish article Limited Şirket Kuruluşu.

WhatsApp