No. The cooperation can be run through a joint company (an equity JV) or set up purely through a contractual structure. The choice is made according to the project’s duration, the size of the investment, the allocation of liability and the tax implications. We lay out both models before you, with their pros and cons.
The decisive practical difference is liability and exit. In a purely contractual structure — an ordinary partnership under the Turkish Code of Obligations (No. 6098) — the partners can bear unlimited, joint liability towards third parties, whereas a separate capital company under the Turkish Commercial Code (No. 6102) confines exposure to the committed capital and makes share transfer and exit cleaner. We weigh this against the setup cost and tax profile before recommending a route.
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