Business transfer solutions in Turkey
The act of transferring control from one management entity to another, also called a business transfer, involves different approaches. Whether it involves transferring ownership, assets, relocating the business, or transferring share capital, each method results in significant changes for the individuals involved in the company.
Our business transfer solutions
Our business transfer solutions offer thorough strategies to assist with different aspects of transitioning a business in Turkey. Whether it entails transferring ownership, assets, moving operations, or managing share capital, we provide customized solutions to fulfill your specific requirements and objectives.
Transfer business ownership
We have a solution to facilitate the transfer of business ownership in Turkey, which entails transferring control and decision-making authority from one owner or group to another. This usually requires legal agreements and negotiations to guarantee a smooth transfer of ownership rights, responsibilities, and assets. Possibilities include selling the business, passing ownership to family members or employees, or merging with another company.
Transfer business assets
Our method for moving business assets in Turkey involves moving or sharing physical and intangible assets from one company to another. These assets include real estate, machinery, stock, patents, customer agreements, and reputation. By carefully documenting, valuing, and following legal protocols, we guarantee the correct accounting and safeguarding of assets during the transfer.
Move business to new location
We provide a full-service option for companies wanting to move their business to a different site. Our services include meticulously organizing and managing the physical relocation of operations, whether it be within the same city, to another part of the country, or overseas. Our method aims to reduce interruptions to business activities, keep existing customers, and guarantee a seamless transition of resources, personnel, and services to the new site.
Transfer share capital
Our method for transferring share capital in Turkey makes it easier to buy, sell, or transfer ownership interests in a company by exchanging shares. This can be done privately among current shareholders, through public offerings on stock exchanges, or as part of mergers and acquisitions. We make sure to abide by securities regulations and shareholder agreements to guarantee that the transfer of share capital affects ownership structures and voting rights within the company.
Transfer agreement and documents
A Business Transfer Agreement (BTA) is a contract that allows one company to transfer its assets and liabilities to another. In order to set up a meeting at the notary’s office to facilitate this process, the following documents must be provided:
- Passport
- Utility bills of the company such as an electric bill or phone bill
- A document providing all of terms and conditions for business transfer
Depending on the specific situation, more documentation might be required.
We provide help with compiling all required documents and determining key elements like market value, method of payment, and date of transfer.
Key points of business transfer in Turkey
When preparing for a change of leadership in a Turkish organization, keep the following factors in consideration:
1
Assess your company’s actual worth
Evaluating the true value of your company requires a thorough assessment of different aspects such as financial performance, assets, liabilities, market position, and growth potential. Analyzing the market value and potential selling price will help you make well-informed decisions about the future of your business.
2
Evaluate options for passing the organization
Examine different possibilities for transitioning the organization, taking into account options such as selling the company outright, passing ownership to family members or employees, merging with another firm, or attracting external investors.
3
Time consumed
Keep in mind that it can take up to 5 years for ownership to transfer in Turkey, so make sure to plan ahead and leave enough time for discussions, legal steps, and the handover process.
4
Understand taxes of enterprise handover
Get to know the taxes involved in transferring ownership of a business in Turkey, such as the state fees for transferring ownership of specific goods and selling a part of a business.
5
Identify possible buyers
Find potential purchasers for your business in Turkey, such as individuals, corporations, or investment companies looking to acquire or invest in your company.
6
Evaluate financing options
Investigate different ways to finance the handover process, such as funding a part of the deal yourself or securing financing from new management or investors, especially if you plan to stay involved with the company post-transaction.
By taking into account these factors and arranging for legal meetings, you can confidently navigate the intricacies of transferring a business in Turkey and guarantee a smooth transition for everyone involved.
Transfer business with us
In Turkey, we will gather the necessary information based on your requirements and create a price quote. Our team can help you quickly determine how the property handover process will be arranged in Turkey. Additionally, our experts will conduct a third-party company assessment before transferring control in Turkey. Contact our experienced team in Turkey for further details and assistance.
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