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

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

If foreign individuals or legal entities wish to initiate 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 initiation process.