Correction

Correction: Cost of Starting a Business in Turkey: 2026 Breakdown

Corrected by Emir Baycan · Full-Stack Developer, Mobile App Builder and Web Platform Founder with expertise in SEO, automation, SaaS, AI visibility, DevOps and scalable digital products

Emir Baycan found something wrong, outdated, or unsupported on this page and proposed a fix. The publisher accepted the correction.

Role
Correction
Publisher
Corpy
Topic
Turkey
Status
Accepted
Date
14 July 2026

The exact change

Before

All figures reflect 2026 pricing and are presented in both Turkish Lira (TRY) and US Dollars (USD) at an approximate exchange rate of 32.2 TRY per USD. Limited Liability Company (Ltd. Sti.) minimum capital is 10,000 TRY, and Joint Stock Company (A.S.) minimum capital is 50,000 TRY. Independent audit is mandatory only for companies exceeding certain thresholds (35 million TRY in assets or 70 million TRY in revenue).

After

All figures reflect 2026 pricing and are presented in both Turkish Lira (TRY) and US Dollars (USD) at an approximate exchange rate of 47 TRY per USD. Limited Liability Company (Ltd. Sti.) minimum capital is 50,000 TRY, and Joint Stock Company (A.S.) minimum capital is 250,000 TRY. Independent audit is mandatory only for companies exceeding certain thresholds (as of 2026, 500 million TRY in assets or 1 billion TRY in revenue, alongside 150+ employees).

Suggested change

Corrected the stale USD/TRY exchange rate from 32.2 (a mid-2024 figure) to the current 47 (July 2026), updated the LLC minimum capital requirement from 10,000 to 50,000 Turkish Lira (per Presidential Decree 7887, effective January 1, 2024), the Joint Stock Company minimum capital from 50,000 to 250,000 Lira, and fixed the same minimum wage and independent audit threshold errors found elsewhere in the Turkey directory. Capital and deposit figures were further confirmed corrected in the paired FAQ data during a later consistency audit.

Why this is better

The article used a stale mid-2024 USD/TRY rate (32.2) instead of the current July 2026 rate (approximately 47), and cited pre-2024 minimum capital (10,000/50,000 TRY) and stale 2018-2022 audit thresholds (35M/70M TRY) instead of the current Presidential-Decree figures (50,000/250,000 TRY capital; 500M/1B TRY audit thresholds).

How this record is verified

  • The contribution is tied to a real, identified contributor, not an anonymous byline.
  • It counts only because the publisher, Corpy, accepted it. Self-claimed work earns nothing.
  • It is recorded against a specific page and cannot be bought or edited after the fact.
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