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ARTICLE · 16 OCTOBER 2023

Limited Liability Company Formation

Pi Legal Consultancy
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Pi Legal Consultancy

Pi Legal Consultancy

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The available research provides a comprehensive outline of legal requirements of Limited Liability Company formation in Turkey.

TurkeyCorporate/Commercial Law
Pi Legal Consultancy
Pi Legal Consultancy
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Introduction

The available research provides a comprehensive outline of legal requirements of Limited Liability Company formation in Turkey. Taking into account, Turkey provides a strategic and peaceful environment to domestic and foreign entrepreneurs, it is required that business lawyers, legal practitioners and investors should understand the establishment of a limited liability procedures.

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What is a limited liability company?

According to Article 573 of the Turkish Commercial Code (Numbered 6102), a limited liability company is formed by one or more real or legal persons under the umbrella of a trade name. It necessarily means that since the Code limited liability company formations is simplified by means of a single-shareholder rule. A limited company with a single shareholder can be established. However, it is also notable

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