Minimum Capital Amount of Joint Stock and Limited Companies Increased
Cemil Demiryürek, President of Yalova Chamber of Commerce and Industry, gave information about the Presidential Decree No. 7887, which was approved on 24 November 2023 and published in the Official Gazette dated 25 November 2023.
Stating that the minimum capital amounts of joint stock and limited companies have been increased fivefold with the Presidential Decree, President Cemil Demiryürek emphasized that this decision is an important step for Turkey's economic future.
President Demiryürek stated that the new minimum capital amounts will come into force as of January 1, 2024. Accordingly, the minimum capital amount of joint stock companies established before 2024 was 50 thousand Turkish Liras, and limited companies were 10 thousand Turkish Liras. However, he stated that the minimum capital amount for joint stock companies to be established after January 1, 2024 has been determined as 250 thousand Turkish Liras, and for limited companies it has been determined as 50 thousand Turkish Liras.
Stating that existing companies must comply with the new minimum capital amounts, President Demiryürek said that the Ministry of Commerce will publish a Communiqué to regulate this process and companies will be given the necessary time for the adaptation process. Said.
Stating that as of January 1, 2024, Joint Stock Companies with a capital of 1,250,000 TL and above have been obliged to have a contracted lawyer, President Demiryürek said that, with this change, Joint Stock Companies with a capital of 250,000 TL and above, but below 1,250,000 TL, will have a contracted lawyer. He pointed out that he was exempt from the obligation to keep it.
