LLC vs Joint Stock Company in Turkey: Make the Right Choice

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1. 14 July 2026 · corrected by Emir Baycan

   Updated LLC minimum capital from 10,000 to 50,000 Turkish Lira, Joint Stock Company minimum capital from 50,000 to 250,000 Lira, and the registered-capital-system Joint Stock Company figure from 100,000 to 500,000 Lira (all per a 2024 Presidential Decree). Also fixed the dividend withholding tax rate for non-residents, raised from 10% to 15%.

   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.

   After

   Key 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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