Share Transfer Transaction Support Services in Turkey

Share transfer transactions are critical for the restructuring and growth of businesses, whether it involves Limited Liability Companies (LLC) or Joint-Stock Companies (JSC). In Turkey, share transfer processes are governed by the Turkish Commercial Code (TCC) and require careful compliance with legal and financial regulations. Share transfer transaction support services in Turkey provide expert guidance to ensure seamless and compliant share sales for both LLCs and JSCs.

Key Features of Share Transfer Transactions for LLCs and JSCs

1. Limited Liability Companies (LLCs)

   • Share transfers in LLCs must be registered with the Trade Registry.
   • Approval from the general assembly is required, with at least a 75% majority vote unless otherwise stated in the Articles of Association.
   • A notarized share transfer agreement is essential for the transfer to be valid.

2. Joint-Stock Companies (JSCs)

   • Share transfers in JSCs are generally unrestricted unless limitations are explicitly defined in the Articles of Association.
   • The transfer of registered shares must be recorded in the share ledger to take effect.
   • For bearer shares, possession and transfer documentation are sufficient under normal circumstances.

Steps in the Share Transfer Process

1. Preparation of Documents

   • Drafting and notarizing the share transfer agreement.
   • Updating the Articles of Association if required.

2. Valuation and Due Diligence

   • Assessing the value of shares and conducting financial and legal due diligence.

3. General Assembly Approval (for LLCs)

   • Obtaining the necessary approvals from shareholders or the board of directors.

4. Trade Registry Registration

   • Filing the transfer with the Trade Registry for LLCs and ensuring proper recordkeeping for JSCs.

5. Tax and Compliance

   • Addressing tax implications and ensuring compliance with Turkish tax regulations, including potential capital gains tax.

Challenges in Share Transfers

• Navigating the regulatory requirements for LLCs and JSCs.
• Ensuring accurate valuation and tax compliance.
• Managing disputes or complexities arising from shareholder agreements.

How KEYBIZ CPAs & Advisors Can Help

At KEYBIZ CPAs & Advisors, we specialize in providing comprehensive share transfer transaction support services in Turkey for LLCs and JSCs. Our services include:

• Regulatory Compliance: Ensuring adherence to the Turkish Commercial Code and related laws.
• Document Preparation: Drafting and notarizing share transfer agreements and other required documents.
• Due Diligence: Conducting thorough assessments of legal, financial, and tax implications.
• Trade Registry Support: Handling registration processes for LLC share transfers and maintaining records for JSCs.
• Tax Advisory: Providing expert advice on capital gains tax and other tax considerations during the transfer process.

Conclusion

Whether you are restructuring ownership, entering new partnerships, or selling shares, compliance and precision are essential for successful transactions. With KEYBIZ CPAs & Advisors, you can navigate the complexities of share transfer transactions for LLCs and JSCs in Turkey with confidence.

Contact us today for professional assistance with share transfer transaction support services in Turkey, and let us help you ensure a seamless and compliant process.