Limited liability company - selling share

29-03-2011, 11:05

Hi, we have a ltd company register in Turkey and two shareholders. One have 99% of share, second - 1%. The second shareholder want to sell his share to the first shareholder. What are the law regulation in turkey if the company is in 100% foreign investment?

02-05-2011, 17:10

Dear Sir

According to the current Turkish commercial code unfortunately second shareholder only hand over his/her shares to new partner . One partner limited company will be come into effect in 2013 ( New Turkish commercial code )

Regards

14-07-2011, 16:38

Thank you very much for reply. Do you know if there is somewhere on th eInternet Turkish commercial code in english?
we are going to our director in LLC in Turkey and he is at the same time one of two shareholders.

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