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ARTICLE · 31 MAY 2024

Recent Changes In The Turkish Commercial Code

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With the Law no. 7511 Amending the Turkish Commercial Code and Certain other Laws (the "Amendment Law"), which entered into force after being published in the Official Gazette dated 29.05.2024...

TurkeyCorporate/Commercial Law
Görkem Bilgin
Görkem Bilgin
Uğur Erkırlı
Uğur Erkırlı
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With the Law no. 7511 Amending the Turkish Commercial Code and Certain other Laws (the “Amendment Law”), which entered into force after being published in the Official Gazette dated 29.05.2024 numbered 32560, amendments are made primarily to the Turkish Commercial Code numbered 6102 (the “TCC”) and other certain laws. We present below the important amendments introduced by the Amendment Law within the scope of the TCC in order to provide convenience to corporate transactions and to eliminate the hesitations in practice on certain matters.

  1. The minimum capital amounts of joint stock and limited liability companies must be adjusted until 31.12.2026

Pursuant to the Presidential Decree no. 7887 published in the Official Gazette dated 25.11.2023 and numbered 32380, the minimum capital amounts were set as TRY 250,000.- for joint stock companies and TRY 50,000.- for limited liability companies that are established after 01.01.2024. Joint stock and limited

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