Major Steps of Capital Injection for LLC in Turkey

-Board of shareholders decision (should be notarized)

The general assembly meeting of shareholders should convene and resolve to amend the articles of association of the company.

Such resolutions are subject to registration before the trade registry office where the headquarters of the company is located.

Registration deadline is within 30 days after the board decision.

-A report of the full payment of the previous capital prepared by a CPA

At the time of this registration application, a report certifying the full payment of the previous capital and prepared by a certified public accountant or independent accountant or auditor for companies subject to independent audit should also be submitted.

-Blockage letter from a bank

At least %25 of the amount to be injected as capital should have been paid before the registration. The amount is blocked by the bank until the registration. Outstanding amount should be paid within 24 months after the registration of the new capital

-Competition Board Fee

Capital amount is subject to competition board fee at the rate of 0,0004 of the amount to injected as capital. This fee should have been paid before registration