IMPORTANT ANNOUNCEMENT| COMPLIANCE DEADLINE FOR MINIMUM CAPITAL REQUIREMENTS EXTENDED TO 31 DECEMBER 2027

Following the amendments to the Turkish Commercial Code No. 6102 (“TCC”), the minimum capital requirements applicable to joint stock and limited liability companies have been increased.

Accordingly, the applicable minimum capital amounts are:

• TRY 250,000 for joint stock companies,
• TRY 50,000 for limited liability companies,
• TRY 500,000 as the minimum initial capital for non-public joint stock companies that have adopted the registered capital system.

Pursuant to the Communiqué of the Ministry of Trade published in the Official Gazette dated 17 October 2026 and numbered 33403:

• The deadline previously set as 31 December 2026 for joint stock and limited liability companies, as well as non-public joint stock companies that have adopted the registered capital system whose capital remains below the specified minimum thresholds, to complete their capital increase has been extended until 31 December 2027.

For the Attention of Companies:

• Joint stock and limited liability companies that fail to complete the required capital increase within this extended period will be deemed dissolved by operation of law.
• Non-public joint stock companies in the registered capital system that fail to increase their capital to TRY 500,000 will be deemed to have exited the registered capital system.

Companies are advised to complete the necessary capital increase and trade registry procedures within this newly extended statutory period.