Limited liability Company

Limited
liability Company

A limited
liability company is registered in Turkey with at least two and a maximum of 50
partners (although, under the new law, a limited liability company can also be
registered with a single shareholder). The minimum capital required for the
establishment of the company is 10,000 Turkish Liras, and any changes and
transfers of Al-Shirkah Partners’ shares must be made to the official home
office.

Company
registration

 It
should be noted, however, that if the applicant wishes to obtain a residence
permit, the company’s capital must be 100,000 Turkish Liras. Under the new law,
each shareholder has up to 24 months to pay the company’s shares based on the
number of their shares. It is not blocking 25% of stocks.