The Turkey capital increase deadline is 31 December 2026 for companies whose registered capital remains below the statutory minimum. Joint stock companies (A.Ş.) and limited liability companies (Ltd. Şti.) affected by the new requirements must increase their capital before this date. The requirement is particularly relevant to companies incorporated before…

What Changed on 3 August 2026? This Turkey Work Permit Update covers the changes to the Work Permit Evaluation Criteria that became effective on 3 August 2026. Certain provisions of the criteria applied by the Directorate General of International Labour Force under the Ministry of Labour and Social Security were…

Foreign companies considering Turkey hiring options are often surprised to learn that employing people or establishing a presence in Turkey does not necessarily require incorporating a local company from the outset. Depending on the nature of the planned activities, the expected duration of the project, the size of the local…

Foreign companies can engage independent contractors in Turkey without establishing a Turkish legal entity. Independent contractors in Turkey commonly provide services through business-to-business (B2B) service agreements, issuing invoices to overseas clients and receiving international payments. However, the relationship must be structured as a genuine independent business arrangement rather than disguised…

As remote work and international hiring have become increasingly common, many foreign companies now employ individuals who live and work in Turkey without necessarily having an established business presence in the country. As a result, understanding the foreign employer income tax exemption in Turkey has become increasingly important for international…

When international companies expand into Turkey, payroll is often viewed as a straightforward administrative function: calculate salaries, process payments, and issue payslips. In practice, however, payroll compliance in Turkey extends far beyond salary calculations. Payroll sits at the center of a broader framework that includes employment law, social security obligations,…

When foreign companies enter Turkey, they often focus on corporate income tax, VAT, payroll obligations, and company registration requirements. While these areas are important, many international businesses quickly discover that one regulation sits at the center of nearly every accounting and tax process in Turkey: the Turkish Tax Procedure Law,…

Foreign investors entering Turkey frequently ask whether a Turkish subsidiary can maintain its accounting records directly under International Financial Reporting Standards (IFRS). The question is understandable. Most multinational groups prepare consolidated financial statements under IFRS and seek consistency across their global operations. However, the answer requires understanding a fundamental characteristic…

Tax confidentiality in Turkey is an important consideration for foreign investors, startups, and international companies planning to establish operations in the country. As businesses expand internationally, concerns about data privacy and confidentiality extend beyond customer information and intellectual property to include sensitive tax and financial records. One question foreign companies…

The Turkey Asset Peace Regime allows individuals and businesses to declare certain foreign and domestic assets until 31 July 2027. The regime covers cash, gold, foreign currency, securities, and other capital market instruments located abroad or held in Turkey but not recorded in statutory books. Standard taxation applies at 5%…