Turkey’s Foreign Direct Invesment (“FDI”) Law is based on the principle of equal treatment, allowing international investors to have the same rights and liabilities as local investors (Please see our related article…). A foreign investor is defined as a company registered outside Turkey, or a non-Turkish national, or Turkish nationals who reside abroad. In line with this idea, foreign investors have same rights and liabilities to form a company in Turkey as local investors (Please see our related article…)
The main company types in Turkey are Private Limited, Joint Stock Companies, Commandite and Collective Companies. Foreign investors can also open a Liaison Office or a Branch in Turkey (Please see our related articles…). One of the type of these companies is Joint Stock Company that is explained in this article.
The Joint Stock Company could be established by one shareholder who can be a real person or a legal entity. Moreover, Joint Stock Company’s stock capital is divided into shares, and the liability of the shareholders is limited with the share capital. Minimum capital requirement is 50,000 TL. The joint stock company can be established for any economic purpose that is not prohibited by law. General Assembly, Board of Directors and Supervisory Board are company organs. Annual meetings must be held within 3 months of the end of the financial year and the Board of Directors calls the meeting.
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