Capital Limit For New Companies To Be Established Increased
The Ministry of Trade stated that the regulation on increasing the minimum capital amounts of newly established joint stock and limited liability companies will be implemented on January 1, 2024.
The minimum capital amounts of newly established joint stock and limited companies have been increased. The Presidential Decree on the subject was published in the Official Gazette dated 25.11.2023.
The Ministry of Trade announced the date when the regulation on increasing the minimum capital amounts of these companies specified in the Turkish Commercial Code will start.
In the statement stating that the decision will be effective as of January 1, 2024, the minimum capital amount stipulated as 50 thousand liras for joint stock companies was increased to 250 thousand liras, and the minimum capital amount stipulated as 10 thousand liras for limited companies was increased to 50 thousand liras.
Existing companies are not obliged to increase their capital at this stage.
THE INITIAL CAPITAL OF NON-PUBLIC JOINT STOCK COMPANIES CANNOT BE LESS THAN 500 THOUSAND TURKISH LIRAS
In the statement, it was pointed out that the initial capital of non-public joint stock companies that accept the registered capital system cannot be less than 500 thousand liras:
“These amounts will be applied for the newly established joint stock and limited liability companies to be effective as of January 1, 2024. Although there is no obligation to increase capital at this stage for our existing companies with capital below the mentioned amounts, it is beneficial for them to increase their capital to at least the mentioned amounts in order to strengthen their equity structures.”
|MINIMUM CAPITAL FOR JOINT STOCK COMPANIES
|MINIMUM CAPITAL FOR LIMITED COMPANY
|INITIAL CAPITAL FOR NON-PUBLIC JOINT STOCK COMPANIES