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The decision of how many employees it is profitable to employ when creating a company in Turkey depends on several factors, including your business model, industry, long-term goals, and financial resources. There is no one-size-fits-all answer, but here are some considerations: Type of Business If your business in Turkey requires a physical presence, such as…
Creating a formal business entity in Turkey for just one employee is not necessary in all cases. The decision to establish a business entity depends on various factors, including the nature of the work, your long-term goals, and your compliance preferences. Here are some options to consider: Employer of Record (EOR) Services in Turkey If…
No, it is not obligatory to create a company in Turkey to recruit a Turkish employee. There are alternative methods for employing Turkish employee without establishing a company in the country. Here are a couple of options: While it’s not obligatory to create a company in to hire Turkish employees, the specific approach you choose…
Expanding your business to international markets can be an exciting endeavor, but it also involves making critical decisions regarding the best approach to establish your presence in a new country. When considering entering the Turkish market, two common strategies are to use Employer of Record (EOR) services or create a Turkish subsidiary. In this article,…
Paying a Turkish employee without having a bank account in Turkey is possible, and using an EOR (Employer of Record) service can be a good approach to facilitate this process. Here’s how you can go about it: Using an EOR service can simplify the process of paying a Turkish employee when you don’t have a…
In Turkey, it is generally not obligatory to establish a separate legal entity, such as a company, when you have employees. However, you must comply with Turkish labor and tax laws when hiring employees, whether you are a foreign company or an individual. Here’s what you need to know: While you can employ individuals in…
Paying a Turkish employee without creating a subsidiary typically involves using an intermediary or outsourcing payroll and employment-related tasks to a third-party service provider. Here are the steps to pay a Turkish employee without establishing a subsidiary: 1. Engage a Local Payroll Service Provider Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus,…
Creating a subsidiary in Turkey, like expanding into any foreign market, comes with its own set of advantages and disadvantages. It’s essential to thoroughly research and evaluate the specific circumstances of your business and the Turkish market before making a decision. Here are some key advantages and disadvantages to consider before creating a subsidiary in…
Employer of Record (EOR) services can be valuable for companies expanding into Turkey or seeking to employ remote workers in the country. However, there are potential pitfalls to be aware of when using an Employer of Record (EOR) in Turkey. Here are 10 common pitfalls when using Employer of Record (EOR) services in Turkey …
Turkey has released the updated income tax brackets and thresholds for the year 2023, incorporating an inflation adjustment of 122.93 percent, based on the revaluation rate from 2022, as outlined in General Communiqué No. 323 on Individual Income Tax. In addition to the 2023 income tax updates, Social Security Authority in Turkey has announced significant…
