The minimum capital amount has been increased to TRY 250,000 for joint stock companies, and TRY 50,000 for limited liability companies.

In accordance with the Presidential Decree No. 7887 published in the Official Gazette No. 32380 dated 25.11.2023, the minimum capital amounts for joint stock companies and limited companies set forth in the Turkish Commercial Code No. 6102 have been updated as follows:

(i) For joint stock companies: increased from TRY 50,000 to TRY 250,000,
(ii) For limited liability companies: increased from TRY 10,000 to TRY 50,000.

The decision will enter into force on 01.01.2024.