Recent Amendment in Minimum Capital Requirement for Limited Liability Companies (LLCs) and Joint Stock Companies (JSCs)

With the Presidential Decree published on 25th November 2023, the minimum capital requirements for LLCs and JSCs have been changed. Accordingly, the minimum principal capital will be TRY 250,000 for JSCs; whereas TRY 50,000 for LLCs. The minimum registered capital for the non-public JSCs, on the other hand, will be TRY 500,000.

The entry into force date of amended minimum capital requirements is 01.01.2024, after a correction made on 26.10.2023 as published in the Official Gazette.

Presidential Decree and the correction may be found at: https://www.resmigazete.gov.tr/eskiler/2023/11/20231125-23.pdf https://www.resmigazete.gov.tr/eskiler/2023/11/20231126-5.htm

https://www.resmigazete.gov.tr/eskiler/2023/11/20231126-5.htm