A limited company can be established by one or more individuals or legal entities. While the management style is not too complex, it is not as simple as a sole proprietorship. The liability of the partners is limited to the committed capital. It is recommended for medium-sized businesses.

Documents Required to Establish a Limited Company:
Residence certificate
Identity photocopy (for partners)
Lease Agreement
The determined title of the company
The determined capital amount
Share ratio of the partners
Designated company representative (Appointment of Manager)

Process of establishing a limited company: After submitting the documents mentioned above to your Financial Advisor, the company's articles of association are prepared together with your financial advisor. An appointment is made with the Trade Registry to register the company. After the Trade Registry registration, your financial advisor registers the tax for the company with the power of attorney obtained for the company. Like the establishment of a limited company, its closure is subject to the liquidation process. The company cannot be closed physically without going through this process. If these processes seem difficult and complex to you, you can establish a company subject to a simpler process instead of establishing a limited company. For this, you can examine our article on establishing a sole proprietorship. If you decide to engage in trade that does not require a space such as an office or warehouse, or if you earn income over the Internet or especially in the service sector, such as projects, you can also establish your Limited Company as a home office – virtual office.