Simultaneous Reduction and Increase of Capital

Limited Company: For simultaneous capital increase and decrease, a resolution from the partners’ meeting is required. This resolution is recorded in the decision book and notarized. Both processes are carried out together and registered with the trade registry office. Following the registration, an announcement is made in the Turkish Trade Registry Gazette, and the transaction is reported to the relevant tax office. A copy of the decision and the registration certificate is submitted.

Joint-Stock Company: For joint-stock companies, a general assembly resolution is required for simultaneous capital increase and decrease. The resolution is notarized, and both processes are carried out together. The transaction is registered with the trade registry office, followed by an announcement in the Turkish Trade Registry Gazette. The transaction must also be reported to the relevant tax office, and a copy of the decision and the registration certificate is submitted.

If foreign individuals or legal entities wish to simultaneously increase and decrease capital, 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 this process.