Turkey Ltd. Şti.

Ltd. Şti. is a legal entity in Turkey, with the full name Limited Şirket. It is a type of company with limited liability and a combined ownership structure. Ltd. Şti. does not participate in the market publicly, and requires at least one shareholder and at least one director. At least one partner must be appointed manager (müdür), with the power to manage and represent the company; Ltd. Şti. does not need a local person as director or a company secretary. The minimum registered capital is 50,000 Turkish lira, and there is no need for capital verification. However, there must be at least one manager to oversee the company's day-to-day operations.