Turkish Commercial Code ("TCC") sets
out minimum capital requirement for joint-stock companies and
limited liability companies.
Currently, under Article 332 of the TCC, minimum capital
required for joint-stock companies adopting share capital system is
TRY 50,000 (approximately USD 1,735), whereas the minimum capital
required for joint-stock companies adopting registered capital
system is TRY 100,000 (approximately USD 3,465).
With the Presidential Decision published in the Official
Gazzette dated November 25, 2023
("Decision"), these amounts are set as
TRY 250,000 (approximately USD 8,665) and TRY 500,000
(approximately USD 17,325), respectively.
Further, minimum capital required for limited liability
companies set out under Article 580 of the TCC (TRY 10,000
(approximately USD 350) is increased to TRY 50,000 (approximately
USD 1,735).
