Ltd. Şti. is a legal entity in Turkey, with the full name Limited Şirket. It is a type of company with limited liability and a combined ownership structure. Ltd. Şti. does not participate in the market publicly, and requires at least one shareholder and at least one director. Unlike in other countries, in Turkey, Ltd. Şti. does not need to appoint a legal representative, or have a local person serve as director, or require a company secretary. The minimum registered capital is 10,000 Turkish lira, and there is no need for capital verification. However, there must be at least one manager to oversee the company's day-to-day operations.