Dear visitors, in this guide, we will cover the process of limited company formation, 2026 costs, required documents, and all legal stages you need to be aware of.
In a limited company, shareholders and managers have their own legal identities separate from the company itself. Even if the company consists of only one person as the sole shareholder and manager, it remains a distinct legal entity.
This legal distinction means the company can enter into contracts, incur debts, or be sued in its own name. In the event of legal action or debt, managers and shareholders are not personally liable with their private assets (unless there is misconduct or a personal guarantee). Earnings are legally the property of the company, not the individuals.
If you wish to manage your accounts securely and complete the formation process—which typically takes 3 business days to a week—in just 1 business day, you can contact Mete CPA & Auditing at your convenience.
İçindekiler
What is a Limited Company?
A limited company (LTD) is a business structure where the company’s finances are separate from your personal finances. Profits belong to the company after taxes are paid and can be distributed among partners based on their share capital. A minimum capital of 50,000 TRY and at least one shareholder are required for formation.
Mandatory Bodies
A limited company must have two mandatory bodies to operate legally: the General Assembly and the Manager(s).
General Assembly
The General Assembly is the primary decision-making body. It handles appointments of managers, amendments to the articles of association, and strategic business decisions. Shareholders meet periodically to review financial and administrative affairs.
Managers
The management of the company is carried out by the manager(s) appointed by the General Assembly. Authorized managers have full authority within legal limits. The General Assembly holds the power to dismiss and replace any manager who fails to perform their duties.
Advantages and Disadvantages
Advantages
- Protection of Personal Assets: Your personal assets are not at risk if the business incurs debts.
- Financial Control: Maintain full control over your business finances without third-party interference.
- Credibility: Limited companies are viewed more favorably by suppliers, banks, and corporate clients.
- Fixed Taxation: Benefit from a fixed corporate tax rate (25%).
- Flexibility: Easily increase the number of partners or transfer shares as the business grows.
Disadvantages
- Liquidation Procedures: The closing process is subject to strict legal and tax audits.
- Higher Costs: Accounting, bookkeeping, and incorporation expenses are higher compared to sole proprietorships.
If you are considering a sole proprietorship, please visit our Sole Proprietorship Guide.
Required Documents
- Application petition and Chamber declaration,
- Passport-sized photos and original IDs,
- Workplace rental contract,
- Power of attorney for your CPA.
2026 Formation Costs
For 2026, the estimated cost of establishing a limited company is as follows:
- Formation Power of Attorney: ~2,150 TRY
- Notary Expenses: ~5,750 TRY
- Signature Circular: ~2,250 TRY
- CPA Power of Attorney: ~1,650 TRY
- Stamp Duty (Tax Office): ~1,000 – 2,500 TRY
- Chamber of Commerce Registration: ~12,500 TRY
Mete CPA & Auditing helps you open your limited company in just 1 business day.
