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Liquidation of enterprises in Turkey

Company liquidation in Turkey

Business owners quite often require company liquidation in Turkey. However, closing a company quickly and efficiently is not always possible. Such a complex task requires from the owner a profound knowledge of the law, as well as a willingness to undergo lengthy bureaucratic procedures. 

To ensure that the company liquidation goes successfully and smoothly for you, you should turn to professionals. Our company offers the assistance of qualified specialists in closing a legal entity following the current regulations of Turkish legislation. 

Liquidation of legal entity

Termination of a legal entity is a process that requires legal formalization. It is not enough to announce bankruptcy or an organization’s termination. The fact of liquidation must be appropriately recorded in all relevant state bodies. Company liquidation service in Turkey is a qualified assistance for the termination of enterprises. The complete package includes the following:

  • correct, legally competent execution of the application for liquidation;
  • work with creditors, if any; 
  • notarial registration of documents on the liquidator’s undertaking of the relevant obligations, etc.

We are ready to perform all necessary procedures for liquidating companies in Turkey to provide our customers with professional legal support. 

Liquidation services

Liquidating a company requires a balanced approach to decision-making. To resolve such a task, its management must examine all the legal, financial, and organizational aspects and set specific deadlines.  

The specialists who carry out the company liquidation service in Turkey will take care of the following:

  • complete control of the liquidation processes daily;
  • study of changes in the law;
  • assistance in the realization of the company’s funds;
  • solving problematic issues and court disputes.

This kind of dissolution of the business will quickly solve the most difficult questions. 

Voluntary winding up services

Voluntary company liquidation is a reasonably common service for which people turn to our company’s experts. The list of issues to be solved includes the following:

  • Voluntary termination of the activities of regulated companies – investment funds, financial institutions, etc.;
  • assist in the voluntary abolition of unregulated companies;
  • assistance in compulsory liquidation, according to court decisions on bankruptcy.

If you do not need to maintain the structure of the holding or joint stock company, a quick company liquidation will be the best option for you.

Company dissolution

The step-by-step dissolution of a company, which our specialists manage, is carried out in full compliance with the requirements of Turkish legislation. Therefore, the specifics of the organization, its assets, and liabilities to financial institutions are necessarily considered at a competent company dissolution.

Dissolution of the business

Any company liquidation suspends all business processes initiated by it. The termination of the existence of a legal entity implies complete repayment or suspension of its obligations to other individuals or legal entities, depending on the status of liquidation. 

Preparatory Steps for Liquidation

Our liquidation services involve an individual approach. However, such work always includes such preliminary steps: 

  1. Creation and approval of a special commission.
  2. Registration of the decision to dissolve the company.
  3. Sending messages to the control authorities about the termination of the organization.

The liquidation services also include the preparation of a liquidation balance sheet, the closure of labor relations, and the sale of the enterprise’s property. 

Status of the company in liquidation

The sale of assets signals the beginning of the company liquidation process. Once all of the organization’s assets have been sold off, it will be in the process of dissolution. This status will precede its complete liquidation, i.e., the termination of its existence.

Consultation

Write to us or find the nearest office – we will contact you!