Turkish Citizens Starting an LLC in Delaware: 2026 Guide

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1. 14 July 2026 · corrected by Ilayda Nil Kara

   Clarified the controlled foreign corporation (CFC) de minimis threshold and updated the count of registered Delaware business entities.

   Before

   There is a narrow de minimis exemption for foreign entities whose gross revenue is below the equivalent of 100,000 TRY, which in practice exempts almost all small foreign entities given typical revenue levels.

   After

   There is a narrow de minimis exemption for foreign entities whose gross revenue is below the equivalent of 100,000 TRY (a legacy statutory figure that has not been adjusted for lira depreciation, so in practice it exempts almost nothing at current exchange rates).

   Why: The Turkish CFC de minimis exemption was described as broadly applicable, when the unadjusted 100,000 TRY legacy threshold has been eroded by lira depreciation and in practice now exempts almost nothing.

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