How To Close A Company In Turkey: Liquidation And Dissolution Process

Closing a company in Turkey is a formal legal process that requires more than simply ceasing commercial activity or stopping operations. A company remains legally responsible for its obligations until the liquidation process is completed and the company is formally removed from the trade registry. For foreign shareholders, this distinction is particularly important because outstanding tax liabilities, employee claims, contractual obligations, pending litigation, receivables and undistributed assets may continue to affect the company after commercial activity has ended. The central issue is therefore not whether the business has stopped operating, but whether the company’s legal and financial affairs have been properly settled before its legal existence comes to an end.