AZKAN Group offers payroll in Turkey services / Umbrella Company Turkey
Start your Payroll in Turkey project now !
Istanbul Office :+ 90.212.988.02.52
Paris Office : +3188.8.131.52.74
Payroll in Turkey allows you to have a subsidiary “with lower costs and without creating a legal structure”. In this way, you have an employee working full time for you. This employee is recruited by us (signature of contract, management of local administrative tasks): recruitment Turkey solution.
PAYROLL IN TURKEY MAIN ADVANTAGES :
- You have only one interlocutor concerning the monitoring of your employee in Turkey
- No needs to create a subsidiary in Turkey
- No bookkeeping in Turkey
Payroll in Turkey – How does it work ?
Our objective as Payroll in Turkey Company is to offer a solution adapted to our customers’ needs. Indeed, our teams based locally are qualified to provide you requested services by adapting their strategies to your needs and expectations.
They can also give you advice and information about Turkish market, on the pros and cons of the internationalization of your activity as well as on best strategic choices to be made. Our success is due to our capacity to detect relevant and matching profiles but also to our performing, complete and personalized payroll services. We can support you as Umbrella Company Turkey. We have our own legal entity in Istanbul which allows us to declare your employee. In a first time, you pay us the equivalent of the employee’s wages and taxes. Then, Azkan Group is in charge of local declaration, payment of payroll taxes, employer and salary payments. Azkan Group is recognized as a local PEO (Professional Employer Organization) Turkey and payroll service provider in Turkey.
Why put a third party in charge of payroll in Turkey?
In addition to helping you with your hiring process, we can be put in charge of payroll in Turkey for your company’s benefit, but what are some of the advantages of this service?
Organizing your own solution in house for payroll in Turkey would require you to create your own dedicated legal structure, which is not particularly convenient when you spend most of your time abroad or if it means hiring additional staff simply to keep up with payroll management. Outsourcing payroll management allows you to focus on what you do best and gives you peace of mind.
Payroll in Turkey is regulated and needs to follow a strict set of legal rules which may be complicated to grasp. We make sure every aspect of your payroll process is up to par for your employees in Turkey and save you the effort of having to dedicate a whole branch of your company to employing Turkish staff. That way, your accounting is simplified, and you do not need to modify your business model simply to accommodate payroll in Turkey. Our payroll solution as an umbrella company helps you save time and protect your investments.
Being based locally also means we can be a true relation facilitator between yourself, your employees and the authorities by helping you to make sure everything is running smoothly at all times. We optimise our solutions based on our clients’ individual needs and our locally based experts, always having your best interests at heart, strive to report to you every step of the way and to provide you with all the necessary information to make the right decisions regarding how we handle payroll in Turkey on your behalf. Regardless of the size of your company, outsourcing payroll locally is the perfect way to ensure employee satisfaction and overall efficiency.
Payroll in Turkey – as elsewhere – requires you to have a dedicated HR department, complete with additional accountants. Having us handle this side of your business for you is an excellent way to save costs by avoiding the necessity to dedicate in-house resources, both in terms of personnel and office space. We can take care of everything from employee pay to tax and report filing. Our complete solution means all social, administrative and legal aspects of your activities in Turkey can be handled under the best circumstances possible.
Additional services for Payroll in Turkey:
Possibility to rent an office in Istanbul (serviced office Istanbul): Azkan Group provides you offices to accommodate your employees. These premises are modern, equipped and furnished for a certain comfort.
Work Permit Turkey and Residence Permit Turkey: we can also help to monitor such requests.
We can measure our success to our customers’ satisfaction. The main factor of this success is our involvement in the long term, our sense of service and partnership to our customers. We have strong experiences in many sectors such as industry, engineering, automotive, energy …
Publication of First Book dedicated to Management in Turkey :
Discover our services...
Turkey a country with strong growth
Turkey is a country with strong economic growth, with a very young middle class population, half of the country’s population is on 30 years old average. Its industry’s competitiveness, wages below European average, workforce’s quality, and its urban and young population as well as the central position of Turkey make it a destination of choice for business. Payroll in Turkey solution is offering a very good gateway to tame it.
Turkey, a strategic position for your business
Istanbul is the only city to be on two different continents: Europe and Asia. A bridge connects them. There is no better symbol to embody the crossroads of business.
You also would like to approach Turkish market. You can start your business by hiring a local employee via Umbrella Company solution.
Our payroll service in Turkey is part of a management contract between you, international company, and Azkan Group. We take care of your employee’s all administrative, legal and rights:
- Establishment of local employment contract
- Declaration to Turkish Social Security
- Payment of all taxes, social contributions…
- Payment of monthly salary
- It is therefore a tripartite agreement between a local employee (white collar, engineers…), a payroll services provider and client, regardless of its activity.
Local employee will be Key Contact for any needs and process in Turkish market. He will be your local expert, recruited by ourselves.
Payroll in Turkey guarantees your business development’s success
Local business environment is very attractive for your foreign investors. We observe it for you and share with you all advices needed to succeed.
This umbrella company solution driven by Azkan Group represents an opportunity to develop your sales and your network before any investment like company set-up.
We attentively study with expertise your project’s feasibility and potential. Then, we can support until the operational start of the mission.
Indeed, our skills are covering also work permit and residence permit applications in Turkey.
- Local Support
You’ll benefit of our local expert team solutions all along your project. We inform you about local specificities, support you to define exactly your target. Last but not least, your project will be driven one of our best profiles. Selected employee is already used to local habits in negotiation.
In Turkey, business relations are very formal, the notion of hierarchy is very present and when you start negotiations, it is essential to identify right decision maker. Turkish market is definitively driven by network, so working alone in this market, without local intermediary or Turkish staff would be almost impossible. Also, this market is evolving very quickly, so your employee, under our payroll solution, will be able to keep you informed about developments on time.
Thanks to our payroll in Turkey solution, we guarantee you all these best practices.
- Istanbul, beating heart of umbrella company solution in Turkey
Attractiveness of Istanbul offers you multiple solutions. But there are other important cities in Turkish economy, we can discuss it together. Nevertheless, Turkey is an open market where payroll in Turkey will offer you return on investment. As local opportunities are various: penetrate local young target, develop partnerships in sectors like automotive, glass, cement, construction etc. Turkey has more than 20 sectors having high development potential.
Whether to test a new product or penetrate a new market, we are here.
Benefits of payroll / umbrella company solution
Main advantage for companies is to get external skills. It will offer you a local point of view, mainly if your aim is to cover an unknown foreign market.
Other advantage is that this new employee, under our payroll, will act as an external consultant. Therefore, he isn’t included in your salary budget. Nevertheless, you’ll manage him as your employee dedicated only for your project in Turkish market.
Our payroll in Turkey solution allows you to get a subsidiary « at less cost and without legal structure to set-up ».
2020 Minimum Wage has been announced
Following the meeting of the Minimum Wage Commission, the minimum wage including the AGI was 2,324,70 TL Net. Accordingly, the increase was 15.03%. The gross amount was determined as 2,943 TL.
A net minimum wage of 2.324,70 TL is appropriate to single or married but unmarried workers without children.
Here is the cost for employer regarding the minimum wage :
NET MINIMUM WAGE AND TOTAL COST FOR EMPLOYER
|Social Security Employee’s Part 14%||412,02||Social Security Employee’s Part (TL/Month)|
|Unemployment Employee’s Part 1%||29,43|
|Income Revenue 15%||375,23||Minimum Wage||2.943|
|Stamp income 07.59%||22,34||Social Security Employee’s Part (TL/Month) 15,5 %||456,17|
|AGI||220,73||Unemployment Employer’s Part (TL/Month) 2%||58,86|
|After all deductions||839,02||TOTAL COST FOR EMPLOYER||3.458,03|
|Net Minimum Wage||2.324,70|
|CALCULATION OF NET MINIMUM WAGE (DOORMAN)||COST FOR EMPLOYER (TL/MONTH)|
|Minimum Wage||2.943||Minimum Wage||2.943|
|Social Security Employee’s Part 14%||412,02||Social Security Employer’s Part 15,5%||456,17|
|Unemployment Employee’s Part 1%||29,43||Unemployment Employer’s Part 2%||58,86|
|After all deductions||441,45||TOTAL COST FOR EMPLOYER||3.458,03|
|Net Minimum Wage||2.501,55|
|CALCULATION OF NET MINIMUM WAGE (RETIRED PERSON)|
|COST FOR EMPLOYER (TL/MONTH)|
|Social Security Employee’s Part 07,5%||220,73||Minimum Wage||2.943|
|Income Revenue 15%||408,34||Social Security Employer’s Part 24,5 %||721,04|
|Stamp 07.59%||22,34||TOTAL COST FOR EMPLOYER||3.664,04|
|After all deductions||651,41|
|Net Minimum Wage||2.512,32|