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How to Startup in Turkey

Turkey Immigration is a consulting company. Turkey Immigration provides full support to their clients by updating them through legal process.<br>http://turkeyimmigration.com/

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How to Startup in Turkey

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  1. How To Startup in Turkey http://turkeyimmigration.com/

  2. Introduction to Turkey Immigration • Turkey Immigration is a consulting company. • They know about all the difficulties faced by foreign clients during Startup business in Turkey, immigration, bureaucracy, language, the complexity of company registration and starting a business in Turkey.  • Turkey Immigration provides full support to their clients by updating them through legal process.

  3. Startup Turkey According to Turkish law, foreign companies can register in Turkey in the following 3 ways: • Company formation in Turkey • Branch office in Turkey • Liaison office in Turkey

  4. Reasons For Investors To Start Business in Turkey Following are the main reasons for doing business in Turkey: • Turkish economy is considered as beneficial economy for Turkish Business, by increasing the GDP from 231 billion $ in 2002 to 831 billion $ which means Turkish GDP get more than 3 times. • Turkish economy is known as sustainable economic enlargement according to last decade of Turkish average yearly GDP growth of 5%.

  5. Reasons For Investors To Start Business in Turkey • It is considered as the fastest progressing economy among the OECD country members since 2012 until 2017 by holding an average GDP growth rate of 5.2%. • It is considered as a 15th huge economy in the world.

  6. Tax System in Turkey • Turkish tax system is being categorized in the following main different areas: • Income Tax • Tax on Wealth Turkey • Withholding tax in Turkey • Tax incentives in Turkey • Value added tax (VAT)

  7. Income Tax The tax system in Turkey is progressive. In other words, the higher you earned, the more you will have to pay as tax. In 2016, the standard rate of Turkey corporate tax is 20%. An individual in Turkey is liable for tax on his income as an employee And on income as a self-employed person.

  8. Income Tax In the case of an individual who have Turkish residence permit, the tax will be calculated on his income earned in Turkey and overseas. A foreign resident who is employed in Turkey pays tax only on his income in Turkey not in any other country.

  9. Turkey Tax on Wealth • Following type of taxes on • wealth are taking into • consideration: • Inheritance and gift taxes • Property taxes • Motor vehicle tax

  10. Withholding Tax in Turkey • These taxes are paid by companies and • they must declare them through their • withholding tax returns i.e. • Dividends • Interest • Royalties And Fees

  11. Incentives Taxes in Turkey • Following development zones are • prioritized about taxes in Turkey: • Technology development zones • Organized industrial zones • Free zones • Research and development • Private educational corporations • Cultural investments and enterprises • Loan allocation

  12. Value Added Tax (VAT) The Turkish Tax System levies value added tax on the supply and the importation of goods and services. Liability for VAT arises when a person performs commercial, industrial, agricultural or independent professional activities within Turkey or when goods are imported into Turkey.

  13. Real Estate in Turkey • The following are the • main reasons for investing • in Turkey real estate: • Turkey has 15th largest • economy in the world • with the goal of being • among top 10 global • economies by 2050.

  14. Real Estate in Turkey • It is an attractive foreign investment destination. • The Turkish economy has been vigorously growing with an annual average growth rate of more than 5% over the past decade. • It is expected to grow with an annual average rate of 5.2% between 2013 and 2017 according to a recent report by OECD. • The rapid increase in sale and rent prices in recent years attracts the attention of investors as well.

  15. Turkish Law for foreign Investors • Buying process of property in Turkey in accordance with Turkish law, the condition of reciprocity for foreigners who wish to buy property in Turkey is abolished. • It is important to clarify whether there is reciprocity between Turkey and the person’s (who want to buy property in Turkey) country. In this respect, if the foreigner provides the copy of his passport, this issue will be clarified.

  16. Why Choose US ? Are you interested in buying property or starting a business in Turkey? If yes, then Turkey Immigration is here to help you. We provides you the complete legal support that you need for startup in Turkey at the reasonable prices.

  17. Contact Us Turkey Immigration:- Polat Tower, Fulya Mah. Yeşilçimen Sk. No:12/42 34394 Şişli Istanbul/Turkey 0090 507 799 44 66 property@turkeyimmigration.com http://turkeyimmigration.com/

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