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Differences between a Joint Stock Company and a Limited Liability Company

The following are some of the more important differences between a Joint Stock Company and a Limited Liability Company under Turkish laws :  • The minimum number of shareholders required is five for A Joint Stock Company...
 

Mandatory lawyer in companies

Turkish commercial code is to be deeply modified before end of 2012, with entry in force of new provisions related to corporate governance. According to Law 1136 Article 35, joint stock companies over 250.000 TL (approximately...
 

Company incorporation in Turkey

In order to set up a limited liability company ("LLC") in Turkey, at least two shareholders are required. The minimum share capital is 5.000 TL (approximately USD 3300,-).  Shareholders of an LLC, who wish to establish...
 

Rules and tax on the transfer of dividends from Turkish companies to foreign shareholders

There is no limitation for repatriation of profits unless the company is monitored by an upper supervisory body (such as the Capital Market Board or the Banking Regulatory and Supervisory Board), whose approval is required. After...
 

Energy and environment in Turkey

Turkey has become one of the fastest growing energy markets in the world in parallel to its economic growth registered in the last eight years and is rapidly gaining a competitive structure. The Turkish Electricity Transmission...
 
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