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Starting Business Without Branches or Subsidiaries

ImageA foreign company may desire to enter the Turkish market without establishing a branch or a subsidiary respectively. For that purpose the foreign company may make use of:

• an independent sales agent,
• an independent distributor.

Even if the foreign company wants to set up its own branch or subsidiary in Turkey it is always worthwhile considering whether the marketing and sales functions should be done by employed personnel or by independent sales agents/distributors.

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Turkey's Law Number 6111

ImageA new amnesty law has been introduced in Turkey that allows for settlement of existing tax liabilities and immunity against a potential tax audit for individual taxpayers.Turkey’s Law number 6111 (referred to as the “Tax Amnesty law”) was published in the official gazette (Resmi Gazete) on 25 February 2011, and entered in to force on the same day.
This Flash International Executive Alert aims to provide general insight and explain the provisions of the Tax Amnesty law affecting individual taxpayers only.

 

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Working in Turkey

ImageThere is a lot of paperwork to be done before you start working in Turkey.
Work Permits are either obtained from the Ministry of Labor and Social Security (Çalışma ve Sosyal Güvenlik Bakanlığı) or from the Consulates of Turkish Republic abroad.

 

 

 

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Details on Registering Property in Turkey

ImageStandardized Property

Property Value

TL  629,667.49

City:  Istanbul

 

 

 

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