May 9, 2022

In Turkey, during the first three months of the year 2022 the number of newly established Companies increased by 1,2% with respect to the same period of the previous year.

  • During the first three months of the year 2022 the number of newly established Companies and the number of cooperatives increased by 1,2% and 9,8% while the number of sole proprietorships  decreased by 19,7% with respect to the same period of the year 2021.
  • During the first three months of the year 2022 the number of closed Companies and cooperatives increased by 17,3% and 194,4% while the number of sole proprietorships  decreased by 12,3% with respect to the same period of the year 2021.

The number of newly established companies increased by 2,8% with respect to the same month of the previous year.

  • During March 2022 the number of newly established companies and the number cooperatives increased by 2,8% and 11,6% while the number of sole proprietorships decreased by 24,7% according to the month of March 2021.
  • During March 2022 the number of closed companies, the number closed cooperatives and the number of sole proprietorships increased by 39,8% 52,4% and  2,8% respectively according to the month of March 2021.

The number of newly established Cooperatives increased by 24,5% in March 2022 with respect to previous month.

  • The number of newly established companies, the number cooperatives and the number of sole proprietorships increased by 13,6% 24,5% and 10,5% respectively according to the previous month.
  • The number of closed companies and the number of closed cooperatives increased by 75,9% and 93,9% while the number of sole proprietorships decreased by 3,4% according to the previous month.

The growth rate of companies, cooperatives, and sole proprietorships in March

Types of Companies March 2022 February          2022 Difference from prior month in % March         2021 Difference from same month of prior year in % January-March

  (3 month period)
2021 2022 %
Newly established Company 11.188 9.848 13,6 10.879 2,8 32.064 32.436 1,2
Cooperative 173 139 24,5 155 11,6 399 438 9,8
Sole proprietorship 2.320 2.099 10,5 3.080 -24,7 8.309 6.672 -19,7
In Liquidation Company 1.834 1.534 19,6 1.508 21,6 4.620 5.686 23,1
Cooperative 73 54 35,2 29 151,7 60 230 283,3
Closed Company 1.360 773 75,9 973 39,8 2.694 3.159 17,3
Cooperative 64 33 93,9 42 52,4 54 159 194,4
Sole proprietorship 2.078 2.150 -3,4 2.021 2,8 7.616 6.678 -12,3

 

In March 2022, 1742 companies with foreign partners were established.

  • In March 2022, 1742 companies with foreign partners were established. 941 of these companies had Turkish partners, 117 had Iranian partners and 64 had Russian Federation partners.
  • Of the 1742 foreign shareholding companies established, 165 are incorporated companies and 1577 are limited liability companies. 652 of these companies conduct wholesale trade for stores in malls that are not allocated to a specific commodity; 255 are in real estate and 219 are in Management and other administrative consultancy services in 2022. Foreign capital partners’ capital investments constitute 78.3% of the total capital of foreign joint venture companies.

2022 March the Type and Distribution of Newly Established Companies

Incorporated company Limited Liability TOTAL
MARCH

 2022

 Number 165 1.577 1.742
Total Capital of Companies with Foreign Partners (TL) 345.464.400 889.328.000 1.234.792.400
Foreign Partner Capital of Companies with Foreign Partners (TL) 176.838.222 704.499.600 881.337.822
Percentage of Foreign Partner Capital (%) 51,2 79,2 71,4
TOTAL

2022

 Number 409 3.927 4.336
Total Capital of Companies with Foreign Partners (TL) 617.736.302 2.108.750.000 2.726.486.302
Foreign Partner Capital of Companies with Foreign Partners (TL) 369.793.543 1.765.910.550 2.135.704.093
Percentage of Foreign Partner Capital (%) 59,9 83,7 78,3

Source: The Union of Chambers and Commodity Exchanges of Turkey
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