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Turkey - DOING BUSINESS


Local business incentives


The Treasury is the body in charge of promoting international investments. It provides its services in order to inform foreign companies on aidsto set up in Turquey.


Legal forms of companies


Form Number of partners/shareholders Minimum and/or maximum capital Liability Registration fee Release of financial documents
Limited Sirket is a Private Limited Company.   Minimum 2 partners.
Maximum 50.   		TL 500 million, totally released at the incorporation   Liability is limited to the amount contributed.   About TL 200.000   No  
Anonim Sirket is a Public Limited Company.   Minimum 5 partners.   Minimum TL 5 billion, totaly released at the constitution   Liability is limited to the amount contributed.   About TL 200.000   Yes, if the company is quoted on the stock exchange.  


Registration and licensing procedures


Status must be drawn up in a notarized deed, approved by the Department of Industry and Trade. Deposit and registration of status must be made upon approval of the Ministry at the Trade Register where the company is located.
According to the chosen legal corporate form, the delay for all these procedures can vary from 1 to 3 months.



Foreign exchange control


Currency exchange controls have been suppressed in Turkey. Consequently, free conversion of currencies is carried out as well as the right to transfer capital and profits.


Regulations concerning equity investment


A majority holding interest in the capital of a Turkish company is legal.  


FDI inflows in Turkey




FDI inflows (millions US$) 2000 2001 2002 World rank
Foreign Direct Investments (F.D.I.) 1063   1753   2733   35 / 196
Sources : UNCTAD Database FDI/TNC


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Last modified in December 2003
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