What is the minimum capital for an Anonim Şirket (AŞ) in Turkey in 2026?

As of 1 January 2024, the minimum capital for an AŞ is 250,000 TRY, or 500,000 TRY if the company adopts the registered-capital system without being publicly traded. Companies formed before this rule and still below it must raise capital by 31 December 2026.

What is the Competition Authority share and does it apply to an LTD?

The Competition Authority share (Rekabet Kurumu payı) is a fixed 0.04% fee on paid-in capital, required under the Turkish Commercial Code for Anonim Şirket formation and capital increases. It does not apply to a Limited Şirket.

Is forming an AŞ always more expensive than forming an LTD?

Generally yes, mainly because of the higher minimum capital requirement, the 0.04% Competition Authority fee that only applies to an AŞ, and typically more involved bookkeeping. See our itemized comparison table above.

What happens if my existing AŞ doesn't meet the new capital minimum by the deadline?

Companies that fail to raise their capital to the current minimum by 31 December 2026 risk dissolution under the transition rules. If your AŞ was formed before the new thresholds took effect, confirm its current capital status with your accountant well before the deadline.

Joint Stock Company Formation in Turkey: Costs and Processes 2026

Gepubliceerd: 2025-06-24 · Bijgewerkt: 2026-09-03 · 10 min. leestijd

If you already know you want an Anonim Şirket (AŞ) and just need to know what it costs and how the paperwork actually flows, this is the practical companion to our general overview of what an AŞ is and when it makes sense over an LTD. Here we itemize the fees and walk through the registration sequence step by step.

Important: The 2026 Capital Deadline

Since 1 January 2024, the minimum capital for an AŞ is 250,000 TRY, or 500,000 TRY if the company adopts the registered-capital system (kayıtlı sermaye sistemi) without being publicly traded. Companies formed before these thresholds took effect, and still capitalized below them, must raise their capital to comply by 31 December 2026 or risk dissolution. If you're reading this in the second half of 2026 and your existing AŞ hasn't been topped up, this is not a someday task — confirm your company's status with your accountant now.

Itemized Cost Breakdown

Cost item	Applies to	What it covers
Notary fees	AŞ and LTD	Certifying signature circulars and required incorporation documents
Trade Registry fee + gazette announcement	AŞ and LTD	Filing with the Trade Registry and mandatory publication in the Turkish Trade Registry Gazette
Chamber of Commerce registration + annual dues	AŞ and LTD	One-time registration plus recurring membership dues
Competition Authority share (Rekabet Kurumu payı)	AŞ only	A fixed 0.04% of paid-in capital, required by the Turkish Commercial Code at formation and again on future capital increases — this line does not apply to an LTD
Bank capital deposit	AŞ (250,000 / 500,000 TRY) vs LTD (50,000 TRY)	Not a fee, but capital that must actually be paid in and evidenced before registration
Accountant (SMMM) setup and monthly bookkeeping	AŞ and LTD	AŞ bookkeeping is typically more involved due to board resolutions and, in some cases, statutory audit obligations

Exact notary, registry, and chamber fees are revised periodically and vary somewhat by province, so treat the categories above as your checklist and get a current quote from your accountant or lawyer before budgeting — do not rely on last year's figures.

AŞ vs LTD: Cost Comparison at a Glance

	Anonim Şirket (AŞ)	Limited Şirket (LTD)
Minimum capital	250,000 TRY (500,000 TRY under registered-capital system)	50,000 TRY
Competition Authority fee	0.04% of capital, mandatory	Not applicable
Governance requirement	Board of directors	Manager(s), simpler structure
Typical bookkeeping complexity	Higher	Lower
Overall setup + first-year cost	Generally higher	Generally lower

Step-by-Step Registration Process

Draft the articles of association, defining share structure and the board of directors.
Reserve the company name through the MERSİS online system.
Deposit the minimum capital in a Turkish bank and obtain the deposit letter.
Pay the 0.04% Competition Authority share on the paid-in capital.
Notarize the signature circulars for authorized representatives.
File the complete application with the Trade Registry Directorate.
Publish the incorporation notice in the Trade Registry Gazette.
Register with the local Chamber of Commerce and Industry.
Obtain the company's tax identification number from the tax office.
Engage an accountant (SMMM) to set up statutory books and, if applicable, arrange the first board meeting formalities.
Register any employees with the Social Security Institution (SGK) before their start date.

Budgeting Realistically

Beyond the one-time formation costs above, factor in ongoing accounting fees, annual Chamber dues, and — if your AŞ is currently undercapitalized — the cost of the capital increase required before the end of 2026. Our tax consulting and planning service can model the full first-year cost picture alongside the registration itself.

Fee schedules, capital thresholds, and Competition Authority rates are set by regulation and can change; contact our team to confirm the figures currently in force before you commit to a formation date.

This article reflects rules and figures understood to be in force as of September 2026, including the 31 December 2026 capital compliance deadline; confirm all current amounts with a licensed accountant or attorney before proceeding.

Veelgestelde Vragen

What is the minimum capital for an Anonim Şirket (AŞ) in Turkey in 2026?: As of 1 January 2024, the minimum capital for an AŞ is 250,000 TRY, or 500,000 TRY if the company adopts the registered-capital system without being publicly traded. Companies formed before this rule and still below it must raise capital by 31 December 2026.
What is the Competition Authority share and does it apply to an LTD?: The Competition Authority share (Rekabet Kurumu payı) is a fixed 0.04% fee on paid-in capital, required under the Turkish Commercial Code for Anonim Şirket formation and capital increases. It does not apply to a Limited Şirket.
Is forming an AŞ always more expensive than forming an LTD?: Generally yes, mainly because of the higher minimum capital requirement, the 0.04% Competition Authority fee that only applies to an AŞ, and typically more involved bookkeeping. See our itemized comparison table above.
What happens if my existing AŞ doesn't meet the new capital minimum by the deadline?: Companies that fail to raise their capital to the current minimum by 31 December 2026 risk dissolution under the transition rules. If your AŞ was formed before the new thresholds took effect, confirm its current capital status with your accountant well before the deadline.

anonim-sirketis-kurma