LLC vs Joint Stock Company in Turkey: Make the Right Choice
Published by Corpy
https://corpy.xyz/turkey/company-formation/turkey-llc-vs-joint-stock-company
Corpy business-formation guide, fact-checked and corrected.
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Correction
Correction history
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Before
Key characteristics include a minimum capital requirement of 10,000 TRY, a shareholder limit of 1 to 50... Key characteristics include a minimum capital requirement of 50,000 TRY... Both structures apply a 10% withholding tax on dividends distributed to shareholders.
AfterKey characteristics include a minimum capital requirement of 50,000 TRY (raised from 10,000 TRY effective January 1, 2024 under Presidential Decree No. 7887), a shareholder limit of 1 to 50... Key characteristics include a minimum capital requirement of 250,000 TRY (raised from 50,000 TRY effective January 1, 2024 under Presidential Decree No. 7887)... Both structures apply a 15% withholding tax on dividends distributed to shareholders (raised from 10% effective 22 December 2024 under Presidential Decree No. 9286).
Why: LLC and Joint Stock Company minimum capital figures were pre-2024 amounts (10,000/50,000 TRY), and the dividend withholding rate was the pre-December-2024 10% rate; both were updated to the current 50,000/250,000 TRY capital minimums and 15% withholding rate.
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