Turkey: open up to foreign investment

Growing FDI flows ripe with opportunity

Why Turkey?

The Turkish government is establishing a series of regulations and policies to promote foreign investment in the country – and it’s working. According to the latest World Investment Report UNCTAD, Turkey was the second-largest recipient of FDI in West Asia after Israel.

The creation and development of the Investment Support and Promotion Agency of Turkey (ISPAT), coupled with a series of incentives towards VAT exceptions, corporate tax receptions and social security employer premium contributions, have helped Turkey to increase its investment flows.

Although not yet an EU country, Turkey is a very attractive choice for foreign investors, especially those from Europe. Many wish to take advantage of the country’s special investment zones - however, doing business is still a complex endeavour for overseas companies if they don’t understand local regulation.

Our core areas of expertise

TMF Group Turkey provides a one-stop shop for all of your compliance needs in the country. Since 2013 we have been helping companies with everything from setting up the most appropriate type of entity, to ongoing accounting, tax compliance, corporate secretarial, HR and payroll services. We work from the top level right down to the basics of compliance, such as setting up compliance deadline schedules, exercising corporate health checks, and helping staff to be fully registered with the social security and labour authorities.

Our specialists are members of the Certified Public Accountant Company (SMMM) and Union Chambers of Certified Public Accountants Turkey (TURMOB). They help multinational companies in sectors including: automotive OEM, technology and engineering, construction, telecommunications, healthcare, energy and consultancy, among others.

Our full range of services includes:

  • Accounting and tax services: we take care of local statutory bookkeeping, full consolidated accounts and management reporting to relevant local and international standards. We also help you manage your tax and reporting obligations.
  • Corporate secretarial: we can take care of recurring compliance filings, manage routine corporate changes and retrieve any official corporate documents from official registries.
  • HR and payroll services: We help you to apply and implement international policies in employment contracts and handbooks, and pay your staff in compliance with local law.

To find out exactly how we can help you, speak to our experts

We deliver tailored solutions to each precise location that allow you to operate smoothly from day one.

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