Commencement of Liquidation

Limited Company: To complete liquidation, a resolution from the partners’ meeting is required. This resolution is recorded in the decision book and notarized. The liquidation completion is registered with the trade registry office, followed by an announcement in the Turkish Trade Registry Gazette. A liquidator’s report is prepared, and the transaction is reported to the relevant tax office.

Joint-Stock Company: For joint-stock companies, to complete liquidation, a general assembly resolution is required. The resolution is notarized, and the liquidation completion is registered with the trade registry office. The change is announced in the Turkish Trade Registry Gazette, and a liquidator’s report is prepared. The transaction is also reported to the relevant tax office.

If foreign individuals or legal entities wish to complete liquidation, a power of attorney or representation document obtained from their country is required. These documents must be notarized for use in Turkey. Additional documents may be required during the liquidation completion process.