How to Startup in Turkey

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.

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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)

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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.
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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

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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

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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.

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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 persons (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.

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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. Yesilçimen Sk.
• No12/42 34394 Sisli Istanbul/Turkey
• 0090 507 799 44 66
• property_at_turkeyimmigration.com
• http//turkeyimmigration.com/