OUR SERVICES

Tax Consultancy Services

Taxation in Turkey involves a complex set of regulations that require continuous monitoring and expert interpretation. We provide strategic tax consultancy to help businesses minimize risks, ensure compliance, and optimize their tax liabilities. Our proactive approach ensures that you stay ahead of legislative changes while focusing on your growth.

• Corporate Tax Planning: Strategic advice to optimize corporate tax burdens and maximize available exemptions.

• VAT & Indirect Tax Advisory: Guidance on Value Added Tax (VAT) refunds, exemptions, and compliance for domestic and international transactions.

• Transfer Pricing: Preparation of required documentation and consultancy on intra-group pricing strategies to meet legal standards.

• International Tax Treaties: Expert analysis of Double Taxation Prevention Treaties to protect your global investments.

• Tax Audit & Risk Management: Conducting internal tax reviews to identify potential risks and ensuring readiness for official tax audits.

• Personal Income Tax for Expats: Advisory services for foreign employees and executives on their personal tax obligations in Turkey.

• Mergers & Acquisitions (M&A) Tax Support: Detailed tax due diligence and structuring advice for seamless business transitions.

• Tax Dispute Resolution: Professional representation and consultancy during disagreements with tax authorities.

Financial Legal Advisory

Navigating Turkey's legal and commercial framework requires both legal knowledge and financial expertise. Our financial legal advisory services bridge this gap, providing comprehensive support across corporate law, employment law, and commercial agreements — particularly for foreign-owned entities operating in Turkey.

Under the Turkish Commercial Code:

• Legal consultancy for foreign capital companies and foreign-invested entities on corporate structure, compliance, and dispute resolution
• Company valuations and asset appraisals
• Support for joint-stock companies on general assembly procedures, capital increases, capital reductions, and amendments to articles of association
• Legal guidance on managing external business relationships and commercial disputes
• Structuring and legal support for sole proprietorships and capital companies
• Advisory services for companies operating in Free Trade Zones
• Drafting and review of commercial contracts required in day-to-day business operations

Under Employment Legislation:

• Corporate restructuring in line with the current Labour Code
• Drafting and review of employment contracts
• Preparation of bulletins to inform companies about legislative changes affecting the workplace

Whether you are setting up a new entity, managing a corporate restructuring, or navigating a commercial dispute, our team provides the legal clarity your business needs.

Foreign Trade, Customs & Indirect Tax Advisory

Turkey's position as a major trade hub between Europe, the Middle East, and Central Asia makes customs and foreign trade compliance both a strategic asset and a regulatory challenge. Our specialized advisory services help importers, exporters, and internationally operating businesses manage their customs obligations efficiently and minimize indirect tax exposure.

• Import & Export Compliance: Advisory on Turkish customs legislation, import/export procedures, and required documentation to ensure smooth cross-border operations.
• Customs Duty Classification & Valuation: Guidance on correct tariff classification (HS codes), customs valuation methods, and avoidance of classification disputes.
• Free Trade Zone Advisory: Consultancy for companies considering or currently operating in Turkish Free Trade Zones, covering applicable incentives and compliance requirements.
• Customs Warehouse & Bonded Warehouse Regimes: Structuring advice for businesses seeking to defer customs duties or manage inventory under bonded regimes.
• VAT on International Transactions: Advisory on VAT implications of cross-border services, imports, exports, and intra-group transactions.
• Special Consumption Tax (ÖTV): Guidance on SCT obligations for relevant product categories.
• Customs Dispute & Audit Support: Representation and consultancy in customs disputes, inspections, and communications with Turkish customs authorities.
• EU–Turkey Customs Union: Expert guidance on operating under the Customs Union framework, including rules of origin and preferential tariff arrangements.

For foreign companies entering the Turkish market, navigating customs is often the first and most complex hurdle. We make it manageable.

TFRS Transition Advisory for SMEs

The adoption of Turkish Financial Reporting Standards (TFRS) — aligned with International Financial Reporting Standards (IFRS) — represents a significant shift in how companies present their financial position. For small and medium-sized enterprises, this transition can be both technically demanding and operationally disruptive. We guide your business through the entire process.

• Gap Analysis: Assessment of your current accounting practices against TFRS requirements to identify the areas requiring the most attention.
• Transition Roadmap: Development of a structured, phased plan for migrating your financial reporting framework to TFRS compliance.
• Opening Balance Sheet Preparation: Preparation of your TFRS-compliant opening balance sheet as the foundation for restated comparative financials.
• Staff Training & Capacity Building: Practical training for your finance team on TFRS principles, key differences from the previous framework, and new disclosure requirements.
• Ongoing Compliance Support: Continued advisory during and after the transition period to address emerging issues and ensure sustained compliance.
• Coordination with Auditors: Liaison with your external auditors to align on transition approach and ensure smooth audit processes under the new standards.

For SMEs with growth ambitions — whether seeking investment, expanding internationally, or preparing for M&A — TFRS-compliant financials signal credibility and transparency to every stakeholder.

Investment Incentives & Grant Advisory

Turkey offers one of the most comprehensive incentive ecosystems in the OECD — combining domestic government support programs with access to European Union funding mechanisms. For both local businesses and foreign investors, identifying and securing the right incentives can significantly reduce the cost of doing business and accelerate growth. We provide end-to-end advisory across the full spectrum of available programs.

Turkish Government Incentive Programs

• KOSGEB Support Programs: Full application support for SME-oriented KOSGEB schemes including New Entrepreneur Support, Business Development Support, and R&D & Innovation Support programs.
• Investment Incentive Certificates: Advisory on obtaining incentive certificates from the Ministry of Industry and Technology, maximizing associated corporate tax reductions, VAT exemptions, customs duty waivers, and employer-side SGK premium support.
• R&D and Technology Incentives: Consultancy on R&D expenditure deductions under Law No. 5746, Technology Development Zone (Technopark) incentives, and support for TÜBİTAK grant applications.
• Employment Incentives: Identification and application support for employer-side social security premium exemptions and employment-linked wage subsidies.
• Regional Investment Incentives: Advisory on region-specific incentive packages for investments in Turkey's six designated development regions, where incentive intensity is significantly higher.
• Free Zone Incentives: Guidance on corporate tax exemptions, customs duty waivers, and VAT advantages available to companies operating within Turkish Free Trade Zones.

European Union Funding Programs

Turkey's status as an EU candidate country and its membership in the EU Customs Union opens access to a range of European funding mechanisms — many of which remain underutilized by businesses operating in Turkey.

• IPA III (Instrument for Pre-Accession Assistance): Advisory on EU pre-accession funds available to Turkish public institutions and private sector entities for projects aligned with EU reform priorities, including SME competitiveness, green transition, and digital transformation.
• COSME / Single Market Programme: Guidance on EU programs supporting SME access to finance, internationalization, and market expansion across EU member states.
• Horizon Europe: Consultancy for R&D-intensive companies and academic-industry partnerships seeking EU funding for innovation projects. Turkey-based entities may participate in selected Horizon Europe calls.
• EFTA & EEA Grant Programs: Advisory on grant opportunities available through Norway, Iceland, and Liechtenstein for joint projects between Turkish and EEA-based partners.
• EU–Turkey Business Dialogue Programs: Support in identifying and accessing bilateral programs supporting trade facilitation, regulatory alignment, and business cooperation between Turkey and EU member states.

Grant Monitoring & Compliance

• Preparation of grant applications, project budgets, and supporting documentation
• Ongoing monitoring and progress reporting for approved incentive programs
• Compliance management to ensure all conditions attached to incentives are met
• Coordination with relevant ministries, agencies, and EU program offices

Turkey's incentive landscape is broad, multi-layered, and constantly evolving. Many businesses — particularly foreign-owned ones — leave substantial support unclaimed simply because the process appears complex. We map the programs you qualify for, manage the applications, and stay with you through the compliance cycle.

Setting up a business in a foreign country requires local expertise and a clear roadmap. We provide comprehensive support for foreign investors to establish their legal presence in Turkey efficiently. Our services include:

• Consultancy on Legal Entities: Guidance on choosing the most suitable legal form for your business (Limited Liability Company, Joint Stock Company, Branch Office, or Liaison Office).

• Articles of Association: Preparation and drafting of the company’s articles of association in compliance with the Turkish Commercial Code.

• Chamber of Commerce Registration: Handling all application processes and registration with the relevant Trade Registry Office.

• Tax Office Notification: Obtaining a potential tax identity number for foreign shareholders and completing the official tax office registration.

• Bank Account Opening: Assisting in the process of opening corporate bank accounts for capital deposit and daily operations.

• Work and Residence Permits: Legal support for obtaining work permits for foreign partners and employees.

• Social Security (SGK) Registration: Managing the registration of the company and its employees with the Social Security Institution.

• Notary and Power of Attorney Services: Coordinating the translation and notarization of all necessary documents from your home country.

• Virtual & Physical Office Solutions: Advisory on legal address requirements and office lease agreements.

"Our team ensures that your incorporation process is completed swiftly, typically within 5-7 business days, allowing you to focus entirely on your core business operations."

Back-Office & CFO Support Services

For foreign companies entering or operating in Turkey, building a full in-house finance and administrative function from day one is rarely practical. Our back-office and virtual CFO services give you the financial infrastructure of a fully staffed office — without the overhead.

We act as your on-the-ground financial partner, handling the day-to-day compliance and reporting obligations while providing the strategic financial guidance your leadership team needs to make informed decisions.

Back-Office Operations

• Full accounting and bookkeeping in compliance with Turkish legislation
• Monthly, quarterly, and annual tax return preparation and filing
• Payroll processing and SGK (Social Security) declarations
• Bank reconciliations and cash flow monitoring
• Vendor and accounts payable management
• Correspondence with Turkish tax authorities, trade registries, and regulatory bodies
• Document management and corporate record-keeping