Glossary/Entity Types/Limited Sirketi
Entity Types

Limited Sirketi

Ltd Sti

Limited Sirketi is the Turkish limited liability company, the standard private company form for SMEs and foreign-owned operating subsidiaries in Turkey.

What Ltd Sti is

A Limited Sirketi (Ltd Sti) is a Turkish private limited liability company governed by the Turkish Commercial Code (TTK) No. 6102. It has separate legal personality and limits shareholder liability to the value of capital subscribed. The minimum capital is 50,000 TRY (raised from 10,000 TRY in 2024).

Capital is divided into shares but they are not freely transferable; transfers require notarised share transfer agreements and trade registry filing.

Incorporation is handled through the Trade Registry (Ticaret Sicil Mudurlugu) under the relevant Chamber of Commerce, and usually completes in three to seven business days once Turkish tax numbers and notarised signature declarations are in place. The company must have at least one shareholder (Turkish or foreign) and at least one director.

Foreign managers can serve as directors but a Turkish tax number is required for all participants.

A Limited Sirketi pays corporate tax (currently 25 percent in 2024 for most sectors, with sectoral surcharges for finance), VAT at 20 percent on most supplies, and standard payroll taxes including SGK contributions. Statutory books, e-ledger filings, and e-invoice compliance are mandatory above turnover thresholds.

Dividend distributions trigger a 10 percent withholding tax (15 percent before late 2024 reductions; rates change frequently, confirm at distribution date).

When you will meet Ltd Sti

You will encounter the Ltd Sti when entering the Turkish market with an operating subsidiary, hiring local employees, or partnering with Turkish SMEs. Foreign founders typically choose Ltd Sti over Anonim Sirketi because of lower capital, simpler governance, and lighter audit obligations.

The form fits e-commerce, software, services, and trading businesses; capital-markets activity or planned IPOs require migration to an Anonim Sirketi.

Where this comes up in our guides

Limited Sirketi FAQ

Yes. Foreign individuals and companies can own 100 percent of a Turkish Limited Sirketi without local-partner requirements in most sectors. Each foreign shareholder needs a Turkish tax number, obtainable in person or via power of attorney. Sector-specific restrictions apply to broadcasting, aviation, maritime cabotage, and some defence-related fields, where caps or licensing apply on top of the company-law framework.
At a glance
Category
Entity Types
Also written
Ltd Sti
Confirm current figures with the official registry or a qualified adviser before relying on them.
Related terms
← All 120 glossary terms
Sources
  1. 1Turkish Trade Registry Gazette
  2. 2Republic of Turkiye Ministry of Trade
Definition reviewed March 2026.
Put it to use

Eight jurisdictions, costed out in full.

See what a company actually costs in year one, and how the jurisdictions compare on tax, capital and timeline.

Tax calculatorEffective rates on your revenue and margin.Country comparisonEleven criteria, side by side.Cost estimatorWhat the first year actually costs.Document checklistWhat each registry will ask for.

New terms as the rules change

Thresholds move, regimes close, new ones open. One email, no pitches.