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When doing business in Turkey, companies engage with a large and highly diversified economy supported by strong industrial and manufacturing capabilities. Key sectors such as automotive, chemicals, electronics, textiles, construction, food production and agriculture sit alongside mining, machinery, shipbuilding and tourism, creating a broad foundation for both domestic activity and export growth. Investment incentives further strengthen agriculture and manufacturing, attracting businesses looking to scale in a strategically positioned market bridging Europe and Asia.
Turkey’s regulatory landscape supports clear procedures for company formation, taxation and VAT obligations, with defined steps for establishing a legal entity and operating within the country’s tax framework. Labour regulations outline straightforward employment contract types and set clear rules for local workers and foreign individuals who meet legal work eligibility criteria, while a structured personal tax and social security system applies to a wide range of income sources.
Together, these features make Turkey an appealing destination for companies seeking access to a dynamic regional hub with significant growth potential. This infographic presents the key considerations to review before entering or expanding on the Turkish market.
Our free eBook on international expansion was created in cooperation with our global business community, Accace Circle, providing basic yet valuable information from 17 countries. Breeze through the specifics of doing business across different markets and compare key data that may be crucial for your ambitions of international expansion.
Most common industries:
Industries favoured by investment incentives:
Most common legal form of business: Limited liability company
Required no. of shareholders: at least 1 (can be a legal entity or a natural person)
Required no. of directors: at least 1
Official company registers: www.ito.org.tr
Incorporation fee: official expenses to the Trade Registry, notary, translation and tax office (for stamp tax)
Who are tax residents: companies, who are registered in the Trade Registry of Turkey
Tax period: calendar or fiscal year
Due date for CIT return: the 30th day of the 4th month following the end of the tax period
VAT registration for residents: after the trade registry process, a company is registered to the tax office and there is no separate process for VAT registration.
VAT registration for non-residents: non-resident companies must register for VAT when they import or export goods to Turkey, or supply services in Turkey.
Other applicable taxes:
In Turkey, there is no road tax or wealth tax.
Who is entitled to work in Turkey:
Types of employment contract:
* Based on the tax base
Who are tax residents: Individuals who have a permanent residence, permanent home or habitual stay in Turkey (working in Turkey and/or staying with family in Turkey) or stay in Turkey continuously for more than 6 months in a calendar year (temporary departures are not considered as interruption)
Tax period: calendar year
Due date for PIT return: February 28 if the income is derived exclusively from trade activities subject to the simple method of taxation, March 31 in all other cases
Taxable incomes in Turkey: incomes from employment, from business, real estate income (including rent payments)
Health insurance contributions are included in the social security contributions
Doing business in Turkey can be a smooth process when you have the right team behind you. While Turkey offers many unique possibilities and some challenges, working with skilled professionals will help you successfully understand and manage the local business environment. Whether you are starting a new company or planning to expand your current business, our team of Turkish specialists is ready to provide personalized solutions tailored to your needs.
Our firm delivers a full range of advisory and BPO services in Turkey to help you handle your tax, legal and corporate issues. We also support your accounting, reporting, payroll and HR activities, ensuring everything is managed accurately, efficiently and in line with Turkish laws and standards.
Market entry support | Tax advisory and compliance | Legal advisory | Accounting and reporting | Accounting portal | Payroll outsourcing | Payroll portal | Attendance portal | HR administration | Transaction advisory | Transfer pricing | Company registration | Corporate and secretarial services | ESG reporting | Online consulting | Fixed service packages
About Accace
Accace is a proactive consultancy and outsourcing partner who bridges the gap between needs and solutions. Combining smart and streamlined technology with a holistic approach, we provide an all-round care to clients and consider their matters as our own. With over 800 experts and approximately 2,000 customers, we have vast experience with facilitating the smooth operation and growth of small to large-scale, global businesses.
About Accace Circle
Accace operates internationally as Accace Circle, a co-created business community of like-minded BPO providers and advisors who deliver outstanding services with elevated customer experience and erase the borders of service delivery. Covering over 60 jurisdictions with more than 7,000 professionals, we support over 80,000 customers, mostly mid-size and international Fortune 500 companies from various sectors, and process at least 800,000 pay slips globally.
