Türkiye has one of the most competitive corporate tax rates among OECD member countries. The Turkish corporate tax legislation has noticeably clear, objective, and harmonized provisions that are in line with international standards. The Turkish tax legislation may be classified under three main headings:   1. Income Taxes  The Turkish tax legislation includes two main income taxes, […]

​​​​​​​​​​​​​​​​​​​​​​​​The Legal Guide to Investing in Türkiye aims to assist individuals and organizations wishing to invest in Türkiye by providing information on the legal environment in the country.  This guide consists of information on a variety of legal topics that investors take into consideration during the investment process, such as; protection of foreign investment business structures […]

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​What Foreigners Looking to Acquire Real Estate in Türkiye Need to Know  In Türkiye, acquisition of property ownership titles may only be approved upon registration at the land registry directorates.​ Preliminary real estate contracts, issued by notaries or entered into by natural persons in writing, do not confer transfer of property per se. They only […]

Minimum Monthly Wage (gross and net) Minimum Monthly Wage (gross and net) ​USD Net Minimum Wage 338.88 Gross Minimum Wage 429.01 Social security premium payment (14%) 60.06 Payment for unemployment insurance fund (1%)​ 4.29 Income tax (15%)* 22.52 Minimum living allowance** 32.18 Stamp tax (0.759%) 3.26 Total Deduction 90.13 Employer Cost  Gross minimum wage​ 429.01 […]

There are three different special investment zones in Türkiye:  1. Technology Development Zones – Technoparks  Technology Development Zones (TDZ) are areas designed to support R&D activities and attract investments in high-technology fields. There are 84 TDZs, of which 63 are operational and 21 have been approved and are currently under construction. ​ Advantages of TDZs ​Profits derived from […]

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Foreigners who intend to extend their stay in Türkiye beyond the time limit prescribed in their visa, those who need a visa exemption or intend to stay for more than ninety days must obtain a residence permit. 1. Short-Term Residence Permit for Foreigners To apply for a short-term residence permit, foreigners who own real estate in Türkiye […]

1. Initial Application One can file an application to obtain a work permit in Türkiye either while located in Türkiye or abroad. In the case of applications filed abroad, foreigners are required to file an application at a consulate of the Republic of Türkiye in the country of which they are a citizen or a permanent resident. […]

Türkiye’s FDI Law is based on the principle of equal treatment, allowing international investors to have the same rights and liabilities as local investors. The conditions for setting up a business and share transfer are the same as those applied to local investors. International investors may establish any form of company set out in the Turkish […]

As the 6th most popular tourist destination in the world and attracting more than 46 million tourists in 2018, Turkey continues to present vast investment opportunities in both the established and newly-developing subsectors of the tourism industry.