Turkey Company Liquidation Timeline Planner (2026): When Will Your Turkish Company Be Closed?
Enter the date of the liquidation resolution to see an estimated timeline — creditor announcements, the one-year waiting period, final tax return and deletion from the trade registry.
- Liquidation starts with a general assembly resolution, registered and announced.
- Creditors are called by three announcements one week apart (TCC Art. 541).
- Remaining assets cannot be distributed for one year after the third announcement (TCC Art. 543), unless a court allows earlier.
- Total: typically 12–18 months from resolution to deletion.
Timeline planner
Key facts used in the planner
| Step | Rule | Basis |
|---|---|---|
| Creditor call | Three announcements, one week apart | TCC Art. 541 |
| Waiting period | One year from the third announcement before distribution | TCC Art. 543 |
| Liquidation tax returns | Liquidation period and final returns | Corporate Tax Law Art. 17 |
| Deletion | Application to trade registry after liquidation ends | TCC Art. 545 |
How long does liquidation take in Turkey?
Answer: Liquidating a Turkish company usually takes 12 to 18 months from the general assembly resolution to deletion from the trade registry. Most of that time is the statutory one-year waiting period after the third creditor announcement (TCC Art. 543); the rest is registration, tax closing and final filings.
Frequently asked questions
Can the one-year waiting period be shortened?
Only by court permission where creditors are not put at risk (TCC Art. 543).
Do tax filings stop during liquidation?
No. Monthly and liquidation-period returns continue until the final return.
Is merger faster than liquidation?
Often yes, where another Turkish group company absorbs the entity.
Evren Özmen’s view from practice
The one-year clock only starts with the third announcement, so every month of delay before the resolution pushes the whole exit back. If you know you are leaving Turkey, start the paperwork early — and close the tax items before the clock starts.
Ready to close your Turkish company? A licensed CPA replies personally with a liquidation plan and timeline for your case.
WhatsApp a CPARequest a liquidation planPrimary sources
- Turkish Commercial Code No. 6102 (Arts. 541, 543, 545) — mevzuat.gov.tr
- Corporate Tax Law No. 5520 (Art. 17) — mevzuat.gov.tr
- Official Gazette — resmigazete.gov.tr
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Related: How to close a company in Turkey
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