Joint Stock Companies, noted as "Anonim Şirket"
in Turkish (JSC), are a type of capital company provided for by the
Turkish Commercial Code (TCC), similar to 'Corporations' in
the U.S. and 'Société Anonyme' in Europe.
These JSCs have certain differences with other types of capital
companies (such as Limited Liability Companies) and are generally
the preferred vehicle for capital investments in Turkey due to
their advantages (please refer to our article regarding company
formations for more details
here).
According to Article 329 of the TCC, a JSC is a company with a
capital divided into shares, which actually refers to the
"share" as a part of the total company capital. However,
the term "share" can also have different meanings within
the context of corporate law (such as a reference to the
shareholder status or as a reference to the share certificates).
So, shares are an integral part of capital companies and especially
Joint Stock Companies, where
