TURKEY Limited Liability Company (Limited Sirket – Ltd Sti)

(fees quoted are exclusive of VAT)

REQUIREMENTS:

• Shareholders - Minimum of one, maximum of fifty.
• Share Capital – Minimum of 500 Million TL (Turkish Lira) to be paid and the minimum contribution by each foreign shareholder is the TL equivalent of US$50,000.
• Officers – No board of directors. An appointed manager has authority to run the company and carry out executive functions.
• Registered Office - must be within the jurisdiction.
• Bank Account - Required for the subscription and payment of shares.

Additional information:

Foreign personnel can be employed in Turkey with the permission of the General Directorate of Foreign Investments. Companies can apply to employ foreign personnel. Applications are evaluated according to a specific criteria where the qualifications of the personnel and the performance of the company are taken into account.

PLEASE NOTE WE REQUIRE ALL CLIENTS TO SATISFACTORILY COMPLETE OUR DUE DILIGENCE REQUIREMENTS AND COMPLY WITH THE MONEY LAUNDERING REGULATIONS 2007.

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