Illegal employment of foreign workers and its consequences; Employment of foreigners in Turkey without a work permit and insurance or There are many measures taken by the state in Turkey to fight against the uninsured employment of its citizens. In particular, the Social Security Institution affiliated to the Ministry of Labor and Social…
Turkey is advancing to 2023, the 100th anniversary of its establishment, with an export target of 500 billion dollars. Especially the automotive, household appliances and ready-to-wear sectors are the most prominent sectors for the realization of this target. Export figures for 2020 were announced recently. Turkey’s exports, December 2020 data, finished 2020 with…
The Turkish banking system has developed rapidly in the last ten years and has reached the level of meeting all the needs and requests of foreigners who have connections with Turkey. Along with the various services offered, many foreigners from different nationalities, who are Turkish citizens or just live in Turkey, work with various private,…
Private security companies are known as private security services established to meet the security needs of places where there are many people such as workplaces, residences, shopping malls and some important places. The number of private security companies in Turkey is increasing every year. Due to the high demand for private security services, many people…
At the last years, Turkey is one of the most attracting points of the world for the concept of real estate invesment. Investors from Europe, Gulf countries and China started to purchase real estate in different cities of Turkey. İstanbul, Ankara, Antalya, Sakarya, Bursa and Yalova are the leading cities. Foreign persons may purchase real…
Since September 2018, we can say a serious advantage is provided for foreigners who want to benefit from Turkish citizenship by investment. The minimum investment amount, which was 1 million dollars for citizenship by investment, has been reduced to 250.000 dollars with this regulation. Moreover, the amount of capital investment in state financial instruments and…
What is travel agency certificate, why is it required? Some business fields in Turkey are subject to special authorization, one of them is travel agencies. Travel Agency Operation Certificate, in order to operate travel agency activity, it is an official document issued by the Republic of Turkey Ministry of Culture and Tourism for commercial organizations.…
Turkey offers some excellent opportunities for attracting foreign investors. Turkey, offers encouragement for foreigners who wants to make investments in the Turkey. Thanks to these encouragements, investors can action more fertilized and profitable. Now, let us look at the encouragements for foreigners can benefit from. VAT Exemption VAT (value added tax) is not…
TURKISH PAYROLL GUIDE The following fixed parameters of 2021 represent the basic payroll accounting in Turkey. There might be other benefits and allowances applicable to the employees. The below calculations exclude daily food, family and children allowances and other exemptions. Please consult your accountant for detailed information. The following information is for informational purposes only…
