A. Types of Business Entities -

1. Description of The Types of Entities -

Pursuant to Turkish Foreign Direct Investment Law, foreign investors are free to make foreign direct investments in Turkey and shall be subject to equal treatment with domestic investors. Thus, foreign invested companies enjoy the same rights available to local companies under the Turkish Commercial Code (“TCC”). The TCC provides several company structures. However, largely due to advantages regarding liabilities borne by the shareholders, investors most commonly choose between a stock corporation known as anonim sirket, which is similar to an Aktiengesellschaft under German law and to a société anonyme under Swiss or French law, and limited liability company known as limited sirket, which resembles a GmbH under German law or an S.A.R.L. under French law....