The liquidation of a company in Turkey is a multi-stage process that requires strict compliance with local regulations and attention to detail. Our expert team is ready to provide comprehensive support at every step, ensuring transparency and efficiency throughout the process.
There are two main types of company liquidation in Turkey:
– Voluntary Liquidation: Initiated by the decision of the company’s shareholders or partners.
– Compulsory Liquidation: Enforced by a court ruling or tax authorities in legally defined circumstances.
Key Stages of the Liquidation Process
– Shareholders or partners convene a general assembly to decide on liquidation.
– The decision is documented in meeting minutes and notarized.
– A liquidator or a liquidation committee is appointed to oversee the process.
– The decision is reported to the Trade Registry Office, tax offices, and other relevant authorities.
– A public announcement is published in the Trade Registry Gazette to notify creditors.
– The liquidator, in collaboration with an independent auditor, prepares the initial liquidation balance sheet.
– An inventory of the company’s assets is compiled.
– All outstanding debts to creditors are settled.
– Taxes are paid, and all obligations to employees are fulfilled.
– After settling creditor claims, any remaining assets are distributed among shareholders based on their respective shares.
– Once all accounts and obligations are settled, the final liquidation balance sheet is prepared and approved by shareholders.
– The company is officially deregistered from the Trade Registry Office.
Why Choose Us?
– Regulatory Expertise and Experience: Our professionals have extensive knowledge of Turkish commercial law and liquidation procedures.
– Customized Solutions: We tailor our approach based on the specific circumstances of your business.
– Transparent Process Management:We keep you informed at every stage, ensuring confidence and success.
Company liquidation is a critical step that requires a professional approach. Entrust this process to our expert team, and we will ensure its legal and efficient completion. Contact us today to begin the liquidation process for your company in Turkey and receive expert consultancy!
