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Minimum Capital Amounts for Joint-Stock and Limited Liability Companies Have Been Increased
01.12.2023
Presidential Decision No. 7887 ("Decision"), regarding the increase of the minimum capital amount for joint-stock and limited liability companies was published in the Official Gazette dated 25.11.2023 and numbered 32380.
Joint-Stock Companies
In accordance with Article 332 of the Turkish Commercial Code numbered 6102 ("The Code") the minimum capital amount for joint-stock companies shall be TRY 50,000 and TRY 100,000 for non-public joint stock companies that have adopted the registered capital system, and it is stipulated that these amounts may be increased by the President of the Republic.
With the Decision, the minimum capital amount specified in the Code for joint-stock companies, initially set at 50,000 TRY, has been increased to 250,000 TRY. For non-public joint-stock companies accepting the registered capital system, the minimum capital amount, initially set at 100,000 TRY, has been raised to 500,000 TRY.
Limited Liability Companies
In accordance with Article 580 of the Turkish Commercial Code ("TCC"), the minimum capital amount for limited liability companies is specified as 10,000 TRY, with the provision that this amount can be increased by the President up to tenfold.
With the Decree, the minimum capital amount specified in the Code, initially set at TRY 10,000, has been increased to 50,000 TRY.
This Decision entered into force on the date of its publication, effective as of 01.01.2024.
You may access the Decision by this link and contact us for further queries.
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