Turkey offers a unique opportunity for foreigners interested in setting up businesses, leveraging its strategic location as a bridge between Europe and Asia. Additionally, Turkey’s membership of the European Customs Union allows businesses located in Turkey to export industrial goods to EU member countries without tariffs or quantitative restrictions, while complying with European standards.

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We offer services for setting up companies in Turkey, including bookkeeping and filing tax returns for medium to small investors.

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1. Types of Companies: The following types of companies can be established by foreigners in Turkey:

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• Sole Proprietorship.

• Limited Liability Company.

• Joint Stock Company.

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2. Residence and Work Permit: Foreigners can obtain a residence and work permit if the capital invested in the business is at least TL 500,000 or if they employ at least 5 Turkish nationals.

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3. Accounting Services: We provide accounting services to ensure compliance with local Turkish accounting standards, including the issuance of e-invoices, archiving of e-invoices, maintenance of general ledgers (GL), cash/bank books, subsidiary ledgers, etc. Our services also include the preparation of monthly, quarterly, and yearly profit and loss accounts and balance sheets.

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4. Tax Services: The tax services we offer include:

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• Preparation and submission of quarterly and annual accounts, certified by a local CPA.

• Submission of quarterly advance tax returns and year-end income tax returns, obtaining  tax accrual vouchers and payment of taxes.

• Submission of monthly VAT and withholding tax returns, along with payments.