{"id":2801,"date":"2025-12-05T11:10:52","date_gmt":"2025-12-05T08:10:52","guid":{"rendered":"https:\/\/workon.com.tr\/en\/?p=2801"},"modified":"2026-09-19T18:34:40","modified_gmt":"2026-09-19T15:34:40","slug":"share-transfer-in-turkish-llc","status":"publish","type":"post","link":"https:\/\/workon.com.tr\/en\/share-transfer-in-turkish-llc\/","title":{"rendered":"Share Transfer in Turkish LLCs: 2026 Legal Guide"},"content":{"rendered":"<p><strong>Quick answer:<\/strong> A transfer of shares in a Turkish limited liability company (Ltd. \u015eti.) is governed primarily by Articles 595\u2013598 of the Turkish Commercial Code. The transfer obligation must be documented in writing and the parties\u2019 signatures must be notarised. Unless the articles of association provide otherwise, the shareholders\u2019 general assembly must approve the transfer. After approval, the company must complete the applicable share-ledger and Trade Registry\/MERS\u0130S steps.<\/p>\n<p>This guide explains the <strong>detailed Turkish LLC share-transfer process<\/strong>. If the first question is whether the newcomer should buy existing shares or inject new funds into the company, begin with <span style=\"text-decoration: underline; color: #000080;\"><strong><a href=\"https:\/\/workon.com.tr\/en\/add-partner-to-turkish-company-guide\/\">How to Add a Partner to a Turkish Company<\/a><\/strong><\/span>. If the company should issue new capital rather than transfer an existing stake, use the separate <span style=\"text-decoration: underline; color: #000080;\"><strong><a href=\"https:\/\/workon.com.tr\/en\/capital-increase-in-turkey-foreign-investors\/\">Capital Increase in Turkey guide<\/a><\/strong><\/span>.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/workon.com.tr\/en\/share-transfer-in-turkish-llc\/#The_Four_Legal_Layers_of_an_LLC_Share_Transfer\" >The Four Legal Layers of an LLC Share Transfer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/workon.com.tr\/en\/share-transfer-in-turkish-llc\/#Step_1_Confirm_That_Share_Transfer_Is_the_Correct_Route\" >Step 1: Confirm That Share Transfer Is the Correct Route<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/workon.com.tr\/en\/share-transfer-in-turkish-llc\/#Step_2_Audit_the_Company_Before_Signing\" >Step 2: Audit the Company Before Signing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/workon.com.tr\/en\/share-transfer-in-turkish-llc\/#Step_3_Draft_the_Share-Transfer_Agreement\" >Step 3: Draft the Share-Transfer Agreement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/workon.com.tr\/en\/share-transfer-in-turkish-llc\/#Step_4_Obtain_the_Correct_Company_Approval\" >Step 4: Obtain the Correct Company Approval<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/workon.com.tr\/en\/share-transfer-in-turkish-llc\/#Step_5_Complete_the_MERSIS_and_Trade_Registry_File\" >Step 5: Complete the MERS\u0130S and Trade Registry File<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/workon.com.tr\/en\/share-transfer-in-turkish-llc\/#Foreign_Buyers_Sellers_and_Corporate_Shareholders\" >Foreign Buyers, Sellers and Corporate Shareholders<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/workon.com.tr\/en\/share-transfer-in-turkish-llc\/#Can_an_LLC_Share_Transfer_Be_Completed_by_Power_of_Attorney\" >Can an LLC Share Transfer Be Completed by Power of Attorney?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/workon.com.tr\/en\/share-transfer-in-turkish-llc\/#Tax_Stamp_Duty_and_Transaction_Costs\" >Tax, Stamp Duty and Transaction Costs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/workon.com.tr\/en\/share-transfer-in-turkish-llc\/#Official_2026_SMMM_professional-fee_reference\" >Official 2026 SMMM professional-fee reference<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/workon.com.tr\/en\/share-transfer-in-turkish-llc\/#Post-Closing_Compliance_Checklist\" >Post-Closing Compliance Checklist<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/workon.com.tr\/en\/share-transfer-in-turkish-llc\/#How_Long_Does_an_LLC_Share_Transfer_Take\" >How Long Does an LLC Share Transfer Take?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/workon.com.tr\/en\/share-transfer-in-turkish-llc\/#Common_LLC_Share-Transfer_Errors\" >Common LLC Share-Transfer Errors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/workon.com.tr\/en\/share-transfer-in-turkish-llc\/#How_Workon_Coordinates_an_LLC_Share_Transfer\" >How Workon Coordinates an LLC Share Transfer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/workon.com.tr\/en\/share-transfer-in-turkish-llc\/#Official_Sources\" >Official Sources<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/workon.com.tr\/en\/share-transfer-in-turkish-llc\/#Frequently_Asked_Questions\" >Frequently Asked Questions<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Four_Legal_Layers_of_an_LLC_Share_Transfer\"><\/span>The Four Legal Layers of an LLC Share Transfer<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Layer<\/th>\n<th>Core question<\/th>\n<th>Main control<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><strong>Transfer agreement<\/strong><\/td>\n<td>What share is transferred, by whom, to whom and on what terms?<\/td>\n<td>Written form and notarised signatures under TCC Article 595<\/td>\n<\/tr>\n<tr>\n<td><strong>Company approval<\/strong><\/td>\n<td>Does the company consent to the incoming shareholder?<\/td>\n<td>General-assembly approval by default, subject to the articles<\/td>\n<\/tr>\n<tr>\n<td><strong>Company and registry records<\/strong><\/td>\n<td>Do the share ledger, MERS\u0130S and Trade Registry file reflect the approved change?<\/td>\n<td>Article 598 filing duty and current registry requirements<\/td>\n<\/tr>\n<tr>\n<td><strong>Operational closing<\/strong><\/td>\n<td>Have UBO, bank KYC, management, authority and foreign-investment records been updated?<\/td>\n<td>Trigger-based post-closing checklist<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>A transfer can fail operationally even where the parties agree commercially. Treat the contract, company consent, registry file and post-closing controls as connected but legally distinct layers.<\/p>\n<div id=\"attachment_2835\" style=\"width: 2058px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2835\" class=\"size-full wp-image-2835\" src=\"https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/12\/turkish-llc-share-transfer.webp\" alt=\"Turkish Commercial Code and transaction documents for a limited-company share transfer\" width=\"2048\" height=\"1152\" srcset=\"https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/12\/turkish-llc-share-transfer.webp 2048w, https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/12\/turkish-llc-share-transfer-300x169.webp 300w, https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/12\/turkish-llc-share-transfer-1024x576.webp 1024w, https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/12\/turkish-llc-share-transfer-768x432.webp 768w, https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/12\/turkish-llc-share-transfer-1536x864.webp 1536w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/><p id=\"caption-attachment-2835\" class=\"wp-caption-text\"><em>A Turkish LLC share transfer combines a notarised agreement, company approval and record updates.<\/em><\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Step_1_Confirm_That_Share_Transfer_Is_the_Correct_Route\"><\/span>Step 1: Confirm That Share Transfer Is the Correct Route<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In a share transfer, an existing shareholder transfers all or part of an existing capital share. The purchase price normally belongs to the seller; it does not automatically become funding for the company. The company\u2019s registered capital remains unchanged.<\/p>\n<p>If the commercial goal is to place new equity into the company, a capital increase may be the correct route. A transaction can also combine a partial founder sale with a capital increase, but the two money flows and legal procedures should be documented separately.<\/p>\n<p>Before drafting, state the intended result in one sentence:<\/p>\n<ul>\n<li>which current shareholder is transferring which capital share;<\/li>\n<li>the nominal value and resulting ownership percentages;<\/li>\n<li>whether the transfer is full or partial;<\/li>\n<li>whether the incoming person will also become a manager or signatory; and<\/li>\n<li>whether any separate funding will enter the company.<\/li>\n<\/ul>\n<blockquote><p><strong>Important:<\/strong> A person does not become a manager, authorised signatory, employee or work-permit holder merely by acquiring an LLC share. Handle each additional status through its own legal and operational process.<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Step_2_Audit_the_Company_Before_Signing\"><\/span>Step 2: Audit the Company Before Signing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Use the company\u2019s current records\u2014not an old draft or informal cap table. Reconcile:<\/p>\n<ul>\n<li>the latest registered articles of association;<\/li>\n<li>the current Trade Registry\/Gazette record and share ledger;<\/li>\n<li>the nominal value, ownership percentage and payment status of the shares;<\/li>\n<li>any pledge, attachment, usufruct or other restriction affecting the stake;<\/li>\n<li>additional-payment and ancillary-performance obligations;<\/li>\n<li>pre-emption, call, put, buy-back or right-of-first-offer provisions;<\/li>\n<li>transfer restrictions in the articles or a shareholder agreement;<\/li>\n<li>the company\u2019s current managers and representation rules; and<\/li>\n<li>regulated-sector, licence, finance or material-contract change-of-control requirements.<\/li>\n<\/ul>\n<p>For the broader corporate-document file, see <span style=\"text-decoration: underline; color: #000080;\"><strong><a href=\"https:\/\/workon.com.tr\/en\/limited-company-documents-turkey-guide\/\">Limited Company Documents in Turkey<\/a><\/strong><\/span>. A share purchase should also use transaction-appropriate financial, tax and legal due diligence rather than relying only on registry records.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Step_3_Draft_the_Share-Transfer_Agreement\"><\/span>Step 3: Draft the Share-Transfer Agreement<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Article 595 requires the transaction creating the obligation to transfer an LLC capital share to be made in writing, with the parties\u2019 signatures notarised. The statutory form should not be confused with a generic internet template.<\/p>\n<p>The agreement should be tailored to the company and transaction. Relevant subjects commonly include:<\/p>\n<table>\n<thead>\n<tr>\n<th>Subject<\/th>\n<th>What to define<\/th>\n<th>Why it matters<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Parties and authority<\/td>\n<td>Correct names, identity\/company data and signing capacity<\/td>\n<td>Prevents mismatch across notary and registry records<\/td>\n<\/tr>\n<tr>\n<td>Transferred share<\/td>\n<td>Nominal value, percentage and whether the transfer is full or partial<\/td>\n<td>Must reconcile with the registered capital and post-closing cap table<\/td>\n<\/tr>\n<tr>\n<td>Price and payment<\/td>\n<td>Amount, currency, timing, account and evidence<\/td>\n<td>Separates purchase consideration from company capital<\/td>\n<\/tr>\n<tr>\n<td>Approval and closing<\/td>\n<td>General-assembly consent, document readiness and other conditions<\/td>\n<td>Prevents payment and ownership steps from becoming unsynchronised<\/td>\n<\/tr>\n<tr>\n<td>Share-linked obligations<\/td>\n<td>Additional payments, ancillary duties and relevant restrictions<\/td>\n<td>Article 595 specifically requires attention to these matters<\/td>\n<\/tr>\n<tr>\n<td>Seller protections and buyer protections<\/td>\n<td>Title, encumbrances, liabilities, disclosures, warranties and remedies<\/td>\n<td>Allocates transaction risk beyond the registry filing<\/td>\n<\/tr>\n<tr>\n<td>Post-closing work<\/td>\n<td>Records, bank KYC, UBO, management and access changes<\/td>\n<td>Turns legal closing into operational readiness<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Material warranties, indemnities, disclosure arrangements, escrow, deferred consideration or restrictive covenants require transaction-specific legal drafting. A notary\u2019s authentication of signatures does not replace legal and financial due diligence or guarantee the commercial terms.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Step_4_Obtain_the_Correct_Company_Approval\"><\/span>Step 4: Obtain the Correct Company Approval<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Unless the articles of association provide otherwise, TCC Article 595 makes shareholders\u2019 general-assembly approval the default requirement and ties the transfer\u2019s validity to that approval. It is therefore incorrect to describe an LLC \u201cboard of managers\u201d as the automatic approval body for every transfer.<\/p>\n<p>The articles must be checked because they may:<\/p>\n<ul>\n<li>change the default approval position;<\/li>\n<li>restrict or prohibit transfer;<\/li>\n<li>create company-specific eligibility or consent conditions;<\/li>\n<li>include additional-payment or ancillary obligations; or<\/li>\n<li>interact with contractual pre-emption and option rights.<\/li>\n<\/ul>\n<p>Where approval is required, the resolution and transfer agreement should use identical party names, nominal values, percentages and transaction references. The meeting, decision threshold, conflict\/participation questions and certification format should be checked for the actual company rather than copied from a generic resolution.<\/p>\n<p>Article 595 also provides a deemed-approval mechanism where the general assembly does not reject the application within three months. Do not use that rule as a substitute for a planned closing file: uncertainty over the application date, articles, corporate records or connected conditions can still create disputes and operational delay.<\/p>\n<div id=\"attachment_2838\" style=\"width: 1546px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2838\" class=\"size-full wp-image-2838\" src=\"https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/12\/share-transfer-approval-process.webp\" alt=\"Approval sequence for a Turkish LLC share transfer under Article 595\" width=\"1536\" height=\"1024\" srcset=\"https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/12\/share-transfer-approval-process.webp 1536w, https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/12\/share-transfer-approval-process-300x200.webp 300w, https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/12\/share-transfer-approval-process-1024x683.webp 1024w, https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/12\/share-transfer-approval-process-768x512.webp 768w\" sizes=\"auto, (max-width: 1536px) 100vw, 1536px\" \/><p id=\"caption-attachment-2838\" class=\"wp-caption-text\"><em>The articles of association and Article 595 determine the company-consent path.<\/em><\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Step_5_Complete_the_MERSIS_and_Trade_Registry_File\"><\/span>Step 5: Complete the MERS\u0130S and Trade Registry File<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>TCC Article 598 directs the company\u2019s managers to apply for registration of the capital-share transfer within 30 days following approval. This filing rule should not be rewritten as a generic statement that \u201cregistration alone makes the transfer valid\u201d; Article 595 separately addresses the agreement and company approval.<\/p>\n<p>The operational sequence normally includes:<\/p>\n<ol>\n<li>prepare the applicable MERS\u0130S change application;<\/li>\n<li>assemble the current petition, transfer agreement, company decision and party evidence required by the competent Trade Registry;<\/li>\n<li>resolve discrepancies in names, tax numbers, nominal values or percentages;<\/li>\n<li>complete registration and Gazette publication steps where applicable; and<\/li>\n<li>reconcile the company\u2019s share ledger and internal records with the completed filing.<\/li>\n<\/ol>\n<p>Registry document lists and electronic submission practices can change. Check the current page of the competent Trade Registry and the live MERS\u0130S workflow before signing. For the system\u2019s role in corporate changes, see <span style=\"text-decoration: underline; color: #000080;\"><strong><a href=\"https:\/\/workon.com.tr\/en\/mersis-company-registration-turkey-guide\/\">MERS\u0130S Company Registration in Turkey<\/a><\/strong><\/span>. For checking published company history, use <span style=\"text-decoration: underline; color: #000080;\"><strong><a href=\"https:\/\/workon.com.tr\/en\/trade-registry-gazette-search-turkey\/\">Trade Registry Gazette Search in Turkey<\/a><\/strong><\/span>.<\/p>\n<div id=\"attachment_2841\" style=\"width: 1354px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2841\" class=\"size-full wp-image-2841\" src=\"https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/12\/notarization-documentation-process.webp\" alt=\"MERSIS and Trade Registry record update after a Turkish LLC share transfer\" width=\"1344\" height=\"768\" srcset=\"https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/12\/notarization-documentation-process.webp 1344w, https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/12\/notarization-documentation-process-300x171.webp 300w, https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/12\/notarization-documentation-process-1024x585.webp 1024w, https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/12\/notarization-documentation-process-768x439.webp 768w\" sizes=\"auto, (max-width: 1344px) 100vw, 1344px\" \/><p id=\"caption-attachment-2841\" class=\"wp-caption-text\"><em>After approval, reconcile the notarised agreement, company records and MERS\u0130S\/Trade Registry filing.<\/em><\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Foreign_Buyers_Sellers_and_Corporate_Shareholders\"><\/span>Foreign Buyers, Sellers and Corporate Shareholders<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>T\u00fcrkiye\u2019s foreign-investment framework is based on equal treatment, subject to special legislation and sector-specific restrictions. A foreign individual or foreign company can therefore acquire an interest in a Turkish LLC without adding a Turkish co-shareholder merely because of nationality.<\/p>\n<p>The documents differ by party type. A foreign individual and a foreign legal entity should not be given the same checklist. Depending on the transaction and receiving institution, the file may require:<\/p>\n<ul>\n<li>passport\/identity and address evidence;<\/li>\n<li>a potential Turkish tax number;<\/li>\n<li>a current foreign-company status or activity document;<\/li>\n<li>a competent-organ resolution approving the acquisition;<\/li>\n<li>evidence showing the foreign entity\u2019s signatories and ownership;<\/li>\n<li>transaction-specific power of attorney; and<\/li>\n<li>accepted authentication and Turkish translation.<\/li>\n<\/ul>\n<p>Not every foreign document follows one universal apostille path. The route depends on the issuing country, the document, any treaty or practice exemption and the Turkish receiving authority. Check the <span style=\"text-decoration: underline; color: #000080;\"><strong><a href=\"https:\/\/workon.com.tr\/en\/apostille-for-turkey-documents\/\">Apostille for Turkey Documents guide<\/a><\/strong><\/span> and <span style=\"text-decoration: underline; color: #000080;\"><strong><a href=\"https:\/\/workon.com.tr\/en\/sworn-translation-in-turkey\/\">Sworn Translation in Turkey guide<\/a><\/strong><\/span> before finalising the document route.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Can_an_LLC_Share_Transfer_Be_Completed_by_Power_of_Attorney\"><\/span>Can an LLC Share Transfer Be Completed by Power of Attorney?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A properly authorised representative may be able to complete specified signing, notary and registry steps. Remote completion is nevertheless document- and institution-specific; it should never be promised solely because a power of attorney exists.<\/p>\n<p>The power should identify the company and transaction, define the shares and permitted acts, address payment or receipt authority only where intentionally granted, and control delegation, conflicts, document collection and close-out. Foreign-issued powers may require authentication and accepted Turkish translation.<\/p>\n<p>Use <span style=\"text-decoration: underline; color: #000080;\"><strong><a href=\"https:\/\/workon.com.tr\/en\/power-of-attorney-turkey-template\/\">Power of Attorney in Turkey: Scope &#038; Signing Guide<\/a><\/strong><\/span> as a drafting brief. A power of attorney does not compel a bank to accept remote KYC or make every regulatory step delegable.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tax_Stamp_Duty_and_Transaction_Costs\"><\/span>Tax, Stamp Duty and Transaction Costs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Do not budget an LLC share transfer using an obsolete universal stamp-duty percentage or a generic \u201ctax-free after two years\u201d statement.<\/p>\n<p>The seller\u2019s tax position can depend on whether the seller is an individual or company, residence, acquisition history, company and instrument type, treaty position, transaction value and the law applicable in the sale period. An LLC capital share should not automatically be treated like a qualifying A.\u015e. share certificate for an individual\u2019s holding-period analysis.<\/p>\n<p>A corporate seller may have a different participation-share regime. The Turkish Revenue Administration\u2019s current 2026 guide explains the corporate-tax and VAT conditions for participation-share disposals, including holding-period and other statutory tests. Eligibility must be calculated for the actual seller and transaction.<\/p>\n<p>Document-level stamp-tax exemptions may also be relevant, but they do not eliminate every cost. The file may still involve:<\/p>\n<ul>\n<li>notary charges;<\/li>\n<li>translation and authentication costs;<\/li>\n<li>Trade Registry and Gazette charges;<\/li>\n<li>legal due diligence and drafting fees;<\/li>\n<li>licensed CPA\/SMMM tax analysis and filing work; and<\/li>\n<li>bank, valuation or transaction-administration costs where applicable.<\/li>\n<\/ul>\n<p>Confirm the tax and cost treatment before fixing the purchase price, payment mechanics and cost allocation in the agreement.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Official_2026_SMMM_professional-fee_reference\"><\/span>Official 2026 SMMM professional-fee reference<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 2026 SMMM professional-fee tariff lists <strong>TRY 5,330<\/strong> for share-transfer professional work. This is a <strong>minimum\/professional SMMM tariff reference<\/strong>; it is not the purchase price, notary fee, Trade Registry\/Gazette charge, legal due-diligence fee, tax liability or Workon coordination fee.<\/p>\n<p>The actual professional scope can differ with the seller and buyer, foreign-party documents, tax analysis, management changes and post-closing filings. For future annual updates, verify the current year through the <a href=\"https:\/\/ismmmo.org.tr\/Uye\/Mesleki-Ucret-Tarifeleri--2379\" target=\"_blank\" rel=\"noopener\" style=\"color:#000080;\"><strong>\u0130SMMMO Professional Fee Tariffs archive<\/strong><\/a> and the corresponding T\u00dcRMOB \/ Official Gazette tariff.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Post-Closing_Compliance_Checklist\"><\/span>Post-Closing Compliance Checklist<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Share ledger:<\/strong> Record the approved ownership position and retain the supporting documents.<\/li>\n<li><strong>Registry records:<\/strong> Verify that MERS\u0130S, Trade Registry and Gazette outputs match the transaction.<\/li>\n<li><strong>Beneficial ownership:<\/strong> Recalculate direct, indirect and other control and complete any triggered update. See <span style=\"text-decoration: underline; color: #000080;\"><strong><a href=\"https:\/\/workon.com.tr\/en\/beneficial-owner-declaration-in-turkey\/\">Beneficial Owner Declaration in Turkey<\/a><\/strong><\/span>.<\/li>\n<li><strong>Foreign-investment reporting:<\/strong> Determine whether the foreign share acquisition triggers an E-TUYS FDI Share Transfer Data Form or related update.<\/li>\n<li><strong>Bank KYC:<\/strong> Submit the ownership\/control and source-of-funds evidence required by the bank. Registry completion does not guarantee bank acceptance.<\/li>\n<li><strong>Management and signatures:<\/strong> Complete separate decisions and registry\/notary steps if a manager or representation arrangement changes.<\/li>\n<li><strong>Licences and contracts:<\/strong> Check ownership-change notifications, consents and sector approvals.<\/li>\n<li><strong>Access control:<\/strong> Update online banking, e-signature, KEP, tax-portal and internal permissions without sharing personal credentials.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"How_Long_Does_an_LLC_Share_Transfer_Take\"><\/span>How Long Does an LLC Share Transfer Take?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There is no reliable universal \u201cthree to seven business day\u201d promise. The timeline depends on commercial agreement, due diligence, the articles, corporate approval, foreign-document readiness, notary scheduling, registry corrections, sector approvals and whether management or bank-KYC changes are included.<\/p>\n<p>Plan the transaction through separate gates:<\/p>\n<ol>\n<li>ownership and restriction audit;<\/li>\n<li>commercial agreement and due diligence;<\/li>\n<li>document, authentication and translation readiness;<\/li>\n<li>notarised signing and company approval;<\/li>\n<li>MERS\u0130S\/Trade Registry completion; and<\/li>\n<li>post-closing compliance and operational access.<\/li>\n<\/ol>\n<p>Estimate each gate only after the company record and participants are known.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Common_LLC_Share-Transfer_Errors\"><\/span>Common LLC Share-Transfer Errors<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Error<\/th>\n<th>Why it fails<\/th>\n<th>Control<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Using a JSC checklist for an LLC<\/td>\n<td>The statutory form and approval framework differ<\/td>\n<td>Start with TCC Articles 595\u2013598<\/td>\n<\/tr>\n<tr>\n<td>Treating a private payment as company capital<\/td>\n<td>Purchase price and equity contribution have different functions<\/td>\n<td>Separate transfer and capital-increase money flows<\/td>\n<\/tr>\n<tr>\n<td>Assuming managers automatically approve the transfer<\/td>\n<td>General-assembly approval is the Article 595 default<\/td>\n<td>Read the articles and use the correct company organ<\/td>\n<\/tr>\n<tr>\n<td>Ignoring share-linked obligations<\/td>\n<td>The incoming shareholder may acquire more than economic rights<\/td>\n<td>Review additional-payment, ancillary and contractual obligations<\/td>\n<\/tr>\n<tr>\n<td>Using one foreign-document checklist for every country<\/td>\n<td>Authentication and translation routes differ<\/td>\n<td>Verify origin, document type and receiving authority<\/td>\n<\/tr>\n<tr>\n<td>Promising a fixed tax exemption<\/td>\n<td>Seller and instrument facts change the result<\/td>\n<td>Obtain transaction-specific licensed tax advice<\/td>\n<\/tr>\n<tr>\n<td>Stopping after registry filing<\/td>\n<td>UBO, bank KYC, E-TUYS and access records may remain stale<\/td>\n<td>Run the post-closing checklist<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"How_Workon_Coordinates_an_LLC_Share_Transfer\"><\/span>How Workon Coordinates an LLC Share Transfer<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Workon coordinates the operational workstream for foreign founders, investors and overseas companies involved in Turkish corporate changes. Depending on the agreed scope, this can include company-record review, document sequencing, MERS\u0130S\/Trade Registry coordination, notary and sworn-translation coordination, foreign-document tracking, registered-address continuity, bank-file preparation and post-closing task management.<\/p>\n<p>Legal due diligence, legal opinions and transaction agreements are handled by appropriately authorised lawyers. Tax analysis, declarations and professional accountancy work are handled by the company\u2019s licensed CPA\/SMMM. The notary, Trade Registry, bank and public authorities retain their own acceptance and decision powers.<\/p>\n<div id=\"attachment_1964\" style=\"width: 1882px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/workon.com.tr\/en\/company-registration\/\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1964\" class=\"size-full wp-image-1964\" src=\"https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/09\/workon-company-formation-banner.webp\" alt=\"Workon coordination for Turkish company registration and corporate changes\" width=\"1872\" height=\"480\" srcset=\"https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/09\/workon-company-formation-banner.webp 1872w, https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/09\/workon-company-formation-banner-300x77.webp 300w, https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/09\/workon-company-formation-banner-1024x263.webp 1024w, https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/09\/workon-company-formation-banner-768x197.webp 768w, https:\/\/workon.com.tr\/en\/wp-content\/uploads\/sites\/3\/2025\/09\/workon-company-formation-banner-1536x394.webp 1536w\" sizes=\"auto, (max-width: 1872px) 100vw, 1872px\" \/><\/a><p id=\"caption-attachment-1964\" class=\"wp-caption-text\"><em>Workon coordinates Turkish company-registration and related corporate-change workflows according to the agreed scope.<\/em><\/p><\/div>\n<p><span style=\"text-decoration: underline; color: #000080;\"><strong><a href=\"https:\/\/workon.com.tr\/en\/business-services\/\">Review Workon\u2019s business setup and operational coordination services<\/a><\/strong><\/span>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Official_Sources\"><\/span>Official Sources<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><a href=\"https:\/\/www.mevzuat.gov.tr\/MevzuatMetin\/1.5.6102.pdf\" target=\"_blank\" rel=\"noopener\">Turkish Commercial Code No. 6102<\/a> \u2014 particularly Articles 595\u2013598 for limited-company capital-share transfers.<\/li>\n<li><a href=\"https:\/\/mersis.ticaret.gov.tr\/\" target=\"_blank\" rel=\"noopener\">Ministry of Trade: Central Registry Record System (MERS\u0130S)<\/a>.<\/li>\n<li><a href=\"https:\/\/www.ito.org.tr\/tr\/hizmetler\/ticaret-sicili-islemleri\/tescil-islemleri\/limited-sirketler\" target=\"_blank\" rel=\"noopener\">Istanbul Chamber of Commerce: current limited-company Trade Registry procedures<\/a>.<\/li>\n<li><a href=\"https:\/\/www.invest.gov.tr\/en\/investmentguide\/pages\/establishing-a-business.aspx\" target=\"_blank\" rel=\"noopener\">Invest in T\u00fcrkiye: foreign-investment and company\/share framework<\/a>.<\/li>\n<li><a href=\"https:\/\/cdn.gib.gov.tr\/api\/gibportal-file\/file\/getFile?objectKey=DUYURU\/UNIVERSAL\/2026\/2026_Kur_Tas_Is_His_Sat_Ist_Rehberi.pdf\" target=\"_blank\" rel=\"noopener\">Turkish Revenue Administration: 2026 Guide to Corporate Sales of Participation Shares and Real Estate<\/a>.<\/li>\n<\/ul>\n<p><em>Last reviewed: 17 September 2026. The exact file depends on the LLC\u2019s articles, registered records, transferred share, parties and transaction documents.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span>Frequently Asked Questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>[clicksus-faqpage]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick answer: A transfer of shares in a Turkish limited liability company (Ltd. \u015eti.) is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2844,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","clicksus-faqpage":{"Sorular":[{"Soru":"What are the core legal steps for transferring shares in a Turkish LLC?","Cevap":"The transfer obligation must be documented in writing and the parties\u2019 signatures notarised under Turkish Commercial Code Article 595. Unless the articles provide otherwise, the shareholders\u2019 general assembly must approve the transfer. The company then completes the applicable share-ledger, MERS\u0130S and Trade Registry updates."},{"Soru":"Does the purchase price in an LLC share transfer become company capital?","Cevap":"No. In a share transfer, the purchase price normally goes to the selling shareholder and the company\u2019s registered capital remains unchanged. If the commercial goal is to inject new equity into the company, a capital increase is a separate route and can be combined with a share transfer where appropriate."},{"Soru":"Do the managers automatically approve every LLC share transfer?","Cevap":"No. General-assembly approval is the default under Article 595 unless the articles of association provide otherwise. The articles and any shareholder or contractual transfer restrictions should be reviewed before signing."},{"Soru":"Can a foreign investor acquire shares in a Turkish LLC without a Turkish partner?","Cevap":"Generally yes, subject to sector-specific restrictions or approvals. The transaction can require foreign identity or corporate-authority documents, authentication, Turkish translation and other evidence depending on the investor and issuing jurisdiction."},{"Soru":"Does acquiring an LLC share automatically make the buyer a manager, signatory, employee or work-permit holder?","Cevap":"No. Share ownership, management authority, signing authority, employment and work authorisation are separate legal and operational statuses and must each be handled through their own applicable process."},{"Soru":"How long does a Turkish LLC share transfer take?","Cevap":"There is no reliable universal three-to-seven-business-day promise. Timing depends on due diligence, the articles, company approval, foreign-document readiness, notary scheduling, Trade Registry corrections, sector approvals and whether management, UBO or bank-KYC changes are part of the closing."},{"Soru":"Is a Turkish LLC share transfer automatically tax-free after a two-year holding period?","Cevap":"No blanket rule should be used. Tax treatment depends on the seller, residence, acquisition history, company and instrument type, treaty position and the law applicable to the transaction. An LLC capital share should not automatically be treated like a qualifying JSC share certificate."}],"Ayarlar":{"mikridata_aktif":true}},"_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"","_yoast_wpseo_focuskw":"","rank_math_title":"Share Transfer in Turkish LLCs: 2026 Legal Guide","rank_math_description":"Turkish LLC share transfer guide covering Article 595, notarised agreements, general-assembly approval, MERSIS filing and foreign-shareholder checks.","rank_math_focus_keyword":"share transfer in Turkish LLC"},"categories":[2],"tags":[],"class_list":["post-2801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/workon.com.tr\/en\/wp-json\/wp\/v2\/posts\/2801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/workon.com.tr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/workon.com.tr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/workon.com.tr\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/workon.com.tr\/en\/wp-json\/wp\/v2\/comments?post=2801"}],"version-history":[{"count":5,"href":"https:\/\/workon.com.tr\/en\/wp-json\/wp\/v2\/posts\/2801\/revisions"}],"predecessor-version":[{"id":6369,"href":"https:\/\/workon.com.tr\/en\/wp-json\/wp\/v2\/posts\/2801\/revisions\/6369"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/workon.com.tr\/en\/wp-json\/wp\/v2\/media\/2844"}],"wp:attachment":[{"href":"https:\/\/workon.com.tr\/en\/wp-json\/wp\/v2\/media?parent=2801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/workon.com.tr\/en\/wp-json\/wp\/v2\/categories?post=2801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/workon.com.tr\/en\/wp-json\/wp\/v2\/tags?post=2801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}