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Old 19th January 2018, 19:32   #1 (permalink)
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Closing Turkish Ltd company .......

Can anyone enlighten me as to whether to close a Ltd Company in Turkey you have to announce it in an official paper? or can we just leave it ..... the reason for asking, we bought a Ltd company going back in 2011 and its still haunting us now! dread to think how much money we have spent and we have been back in the UK since 2012!!! ...................anyway we have a Turkish friend who has power of attorney and he has rang for money here there and everywhere which we have always sent over. It came to a head end of last year that the business was closed but there was outstanding taxes to pay......we paid that up December! NOW this week have paid more money over as this is what we had sent to us:

Riht, im in notery to delete "keyifli tic tur.emlk.ltd company" from chamber of commerce 's official newspaper. İt suppose to be deleted and announce in official newspaper,3 british citizens both translating one each paper :150+150+150=450tl and those papers confirmation by notery . 62 lira each paper. =186 tl
Grand total:636tl
Now we paid that and then got this!!!!!!!!!!!!!

826 tl need to pay
İ finished it all. Got the papers to finish it in chamber of commerce
Chamber of commerce do the announcing things in official newspaper of goverment.

İf it stay open,they might punish you coz you didnt close it in official newspaper your limited

Does anyone know please ................ it just seems to be money after money.
Look forward to any replies on this.
Thank you - Teresa
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Old 19th January 2018, 19:42   #2 (permalink)
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Re: Closing Ltd company .......

Quote:
Originally Posted by tusher View Post
Can anyone enlighten me as to whether to close a Ltd Company in Turkey you have to announce it in an official paper? or can we just leave it ..... the reason for asking, we bought a Ltd company going back in 2011 and its still haunting us now! dread to think how much money we have spent and we have been back in the UK since 2012!!! ...................anyway we have a Turkish friend who has power of attorney and he has rang for money here there and everywhere which we have always sent over. It came to a head end of last year that the business was closed but there was outstanding taxes to pay......we paid that up December! NOW this week have paid more money over as this is what we had sent to us:

Riht, im in notery to delete "keyifli tic tur.emlk.ltd company" from chamber of commerce 's official newspaper. İt suppose to be deleted and announce in official newspaper,3 british citizens both translating one each paper :150+150+150=450tl and those papers confirmation by notery . 62 lira each paper. =186 tl
Grand total:636tl
Now we paid that and then got this!!!!!!!!!!!!!

826 tl need to pay
İ finished it all. Got the papers to finish it in chamber of commerce
Chamber of commerce do the announcing things in official newspaper of goverment.

İf it stay open,they might punish you coz you didnt close it in official newspaper your limited

Does anyone know please ................ it just seems to be money after money.
Look forward to any replies on this.
Thank you - Teresa
If you had a Ltd company then I assume that you had an accountant, he could rap it up for you. The POA should be cancelled ASAP. Obtaining credit in Turkey under the guise of a Ltd company is not easy. TBH if you have no ties in Turkey ie bank accounts, property or assets I would just blank it but thats just me.
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Old 19th January 2018, 19:54   #3 (permalink)
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Re: Closing Ltd company .......

We did have an accountant and then this friend of ours said that he would take it over as accountants cost .........it has been a nightmare! obviously he was doing us a favour but when it came to close it we had taxes to pay that the original accountant never told us about so the accountant has now paid some fines we had and we have paid the taxes....as our friend is the power of attorney he has said if we don't pay different bits then he will get punished, so obviously we have always paid! .... it has literally come down to these last two bits. The translating bits we have sent money over for but then to be told its another 826tl for it to go into this paper its just never ending ..... we don't want this friend to get in trouble but the business is now closed. We just don't know whether to not pay this amount and then what happens? does the company incur debts - its a nightmare!!!! - I know where you are coming from Spurs - we would have done that but our friend would be punished.
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Old 19th January 2018, 20:06   #4 (permalink)
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Re: Closing Ltd company .......

[QUOTE=tusher;1141048]We did have an accountant and then this friend of ours said that he would take it over as accountants cost .........it has been a nightmare! obviously he was doing us a favour but when it came to close it we had taxes to pay that the original accountant never told us about so the accountant has now paid some fines we had and we have paid the taxes....as our friend is the power of attorney he has said if we don't pay different bits then he will get punished, so obviously we have always paid! .... it has literally come down to these last two bits. The translating bits we have sent money over for but then to be told its another 826tl for it to go into this paper its just never ending ..... we don't want this friend to get in trouble but the business is now closed. We just don't know whether to not pay this amount and then what happens? does the company incur debts - its a nightmare!!!! - I know where you are coming from Spurs - we would have done that but our friend would be punished.[/QUOTE]

Was he a partner then or just the POA holder?
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Old 19th January 2018, 20:07   #5 (permalink)
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Re: Closing Ltd company .......

No partner, just POA .
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Old 19th January 2018, 20:58   #6 (permalink)
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Re: Closing Ltd company .......

Quote:
Originally Posted by tusher View Post
No partner, just POA .
Trying to fathom out why a POA holder would be punished, I've never heard of that happening before. A POA relates to someone acting on your behalf, not someone who stands in a dock for you.
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Old 19th January 2018, 21:21   #7 (permalink)
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Re: Closing Ltd company .......

Quote:
Originally Posted by Spurs View Post
Trying to fathom out why a POA holder would be punished, I've never heard of that happening before. A POA relates to someone acting on your behalf, not someone who stands in a dock for you.
That is what we are thinking.....this is Turkey so only going by what he is saying.
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Old 19th January 2018, 21:32   #8 (permalink)
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Re: Closing Ltd company .......

It was always my belief that when closing a company it took around 2 years and had to have an accountant to do it, or at least supply 2 years `books` before it could be closed.
If I am correct then in effect your company may not yet be officially closed down as an accountant was not involved and you have been paying money for nothing.
Just my thoughts but I am out of the loop these days so hopefully someone that has been down this road can confirm.
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Old 19th January 2018, 21:41   #9 (permalink)
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Re: Closing Ltd company .......

It has taken at least 2 years to close this business. We continued to pay the different taxes and bills that came in. When it got to the stage of closing, the original accountant hadn't put in our tax bill so we had to pay that and there was also some fines, the original accountant paid this for us as it was her fault. It is now at the stage where its closed but has to be put into a paper.... this is where we are wondering if we don't do this what happens?
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Old 19th January 2018, 21:54   #10 (permalink)
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Re: Closing Ltd company .......

Some information at the link below that may help:

Closing a Turkish Limited Company
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