Rapid Developing Economy
Turkish Free Trade Zone
Customs Union
Low Operating Costs
Attractive Foreign Direct Investment
Ease of Doing Business
Transparency
Strong Consumer Spending
Incentives granted by the Turkish Government
Excellent Geographic Location
Turkish Joint Stock Company or JSC is similar to a public limited company. The board members and the shareholders are appointed. A JSC can list its shares in a publicly listed Turkish stock exchange.
A Turkish Limited Liability Company or an LLC is a type of entity with limited liability. The members of an LLC have a separate liability from that of the company. Directors and shareholders are appointed to carry out their respective duties. An LLC is usually managed by a manager.
A branch office is a mere extension of the foreign parent company. Usually, the liability of the branch office would come under the parent company. The foreign parent company is liable for all the debts of the branch office. Profit-making activities can be carried out by a branch office. This entity would also have to pay a specific percentage of corporate tax.
Like a branch office, the representative office is also a mere extension of the foreign parent company. The liability of the representative office would come under the scope of the foreign parent company. A representative office would only carry out market research and activities which promote the work of the foreign parent company. The representative office is not allowed to carry out any form of profit-making activities.
A Turkish Free Zone Company can be incorporated with ease. There are lot of allied benefits to having this form of company. Capital can be repatriated back to the home country utilizing this form of entity.
Corporate Income Tax
Value-Added Tax
Customs and Foreign Trade Tax
Special Consumption Tax
Property Tax
Stamp Tax
Banking and Insurance Transactions Tax
Enterslice is a market-leading management consultancy firm that offers end-to-end business set-up services, taxation, financial planning, regulatory, legal, and advisory services to entrepreneurs, young start-ups, and large corporate houses across the globe.
Our Turkey Entry Strategy service involves the following services:
Our Turkey Entry Strategy is classified into the following:
Our experts assist in choosing the most suitable business structure. The business structures available are a Turkish Limited Liability Company, Turkish Joint Stock Company, Turkish Free Zone Company, Branch Office, and Representative Office. Apart from this, we also assist in business registration, opening a bank account for the company in Belize, and post-registration compliance.
Our consultants formulate a strategic plan for establishing and operating the business depending on your business needs. We formulate a budget and develop cash flows for your business. We also review internal control processes and conduct business reviews. We provide advisory for issues related to the management of the business.
Our legal experts provide legal advice on business operations, finances, IP protection, etc. We also draft legal Documents for your business and compile the required Paper works. We also ensure that all legal and regulatory compliance are duly complied with.
Turkey follows the Turkey Financial Reporting Standards that are compliant with the IFRS. The Public Oversight, Accounting, and Auditing Standards Authority (KGK) is the authority that establishes corporate accounting standards in Turkey. Turkey has its own Audit national standard for audit compliant with the ISAs. Audits can be conducted only by individual and audit firms approved by KGK. Accounting and Auditing consultancy services are provided by our team to help customers create and put into place efficient accounting and reporting frameworks. Our team of experts ensures that the accounting and auditing compliance is done per the country’s accounting standards. We assist in filing various financial statements so that they depict the true and fair view of the business as of the date of preparation.
There are different kinds of taxes in Turkey. Enterslice advises on all types of taxes. We assist in preparing and filing tax returns. We offer knowledgeable guidance and support to deal with Income Tax Notices. Our team ensures that the annual tax returns are prepared as per the legislation and produced before the authority as and when required. We offer corporate tax advisory services that are specialized to the needs of companies in a variety of sectors. Our tax experts offer individualized solutions, such as tax structuring, planning, and risk management techniques. Businesses may make educated decisions, reduce tax obligations, and increase profits by utilizing their experience.
Our IP Experts assist in IP Compliance. We assist in getting IP registration by filling out applications for registration and compiling relevant Documents. Our team of IP experts also advice on IP compliance and IP Protection. We also assist in enforcing IP rights against any infringement.
Doing business in Turkey is preferable as it is one of the fastest-growing economies in the world. The thriving economy, geopolitical position and promising growth opportunities make it a preferable place for expanding business.
The currency of Turkey is Turkish Lira.
The benefits of opting for Enterslice for your business set-up in Turkey are as follows:
i. Professional Support
ii. 24*7 Customer Support
iii. Highly Integrated IT Team
iv. Competent Team of Lawyers, CAs, Cost Accountants, CSs, and CPAs.
v. All-inclusive solution for our clients.
24x7 Client relationship support desk.
Tech-enabled service delivery platform.
Dedicated foreign Investment desk.
50,000+ Network of Lawyers/Attorney’s/CPA/CA/CFA.
Strong team of Inhouse Lawyers/Attorney’s/CPA/CA/CFA
A wide Network of Audit and Law firms in India.
Individual and Dedicated professionals on every assignment.
We register 100+ Companies every Month.
If you have any queries related to the Process, feel free to contact us. We will provide
you with immediate help.
-- Testimonials
“I was a little nervous about starting a company in Turkey since I’m not familiar with the local regulations. Enterslice took care of everything, they were responsive and explained things in a way I could easily understand.”
Verified Customer
“We were looking to establish a branch in Turkey and reached out to Enterslice. They were efficient, and the team knew exactly what was needed. The process was straightforward, and everything was handled in a timely manner.”
Verified Customer
“We were a bit hesitant about expanding into Turkey, but after working with Enterslice, I can say it was worth it. The registration process was clearer than I expected, and they helped us navigate some local nuances.”
Verified Customer