How to Obtain a Tourism Business Certificate in Turkey: Licensing and Documentation Guide
A Tourism Business Certificate in Turkey is required for companies operating in the country’s tourism sector., including hotels, guesthouses, travel agencies, tour operators, guiding service providers, restaurants, cafes, and entertainment facilities. This certificate ensures that businesses comply with industry regulations and meet quality standards set by the Ministry of Culture and Tourism. This guide outlines […]
Establishing an Insurance Brokerage Company in Türkiye: Licensing and Documentation Requirements
Establishing an insurance brokerage company in Türkiye involves a two-step process: Below is a detailed guide on the required documents and regulatory compliance for establishing an insurance brokerage company in Türkiye as a legal entity. 1. Required Documents for Legal Entity Insurance Agencies The following documents must be submitted to the relevant Chamber of Commerce: […]
Opening a Law Office in Türkiye: Required Documents and Legal Procedures
Opening a law office in Türkiye requires compliance with specific legal regulations, obtaining the necessary permits, and preparing required documents. Lawyers planning to establish a law firm or solo practice should carefully follow the procedures to avoid any legal issues. Whether you’re setting up a private law office, a legal consultancy firm, or a multi-partner […]
Turkish Ship Registry Procedures and Compliance
Turkish Ship Registry Procedures and Compliance are regulated by the Ministry of Transport and Infrastructure. Türkiye’s maritime sector operates under strict regulations. Whether registering a cargo or passenger ship, changing ownership, or applying for financial leasing, all transactions must comply with MGS (National Ship Registry) and TUGS (Turkish International Ship Registry) regulations. This article provides […]
Regulations and Procedures for Cargo and Passenger Transportation in International Waters
In Türkiye, ships engaged in cargo and passenger transportation both within the Blue Homeland and in international waters must comply with specific regulations. The Ministry of Transport and Infrastructure provides an online platform, the Umurbey Citizen Portal (Umurbey Portal), where individuals and legal entities can submit all necessary applications digitally. This article outlines the conditions, […]
Bonded Warehouse in Turkey: Opening and Operating Conditions, Required Documents
Bonded Warehouse in Turkey plays a crucial role in international trade, facilitating import and export processes. In Türkiye, individuals and legal entities wishing to open and operate a bonded warehouse must comply with specific regulations. This article outlines the process of opening a bonded warehouse, the necessary documents, and the operational requirements. Requirements for Opening […]
Inheritance Tax, Inheritance Procedures, and Citizenship by Investment in Turkey
Inheritance Tax In Turkey, inheritance tax is applied to the assets inherited by legal heirs after the death of an individual. This tax is calculated based on the total value of the inheritance as follows: Tax Base Through Inheritance (%) Gratuitous Transfers (%) Up to 1,700,000 TL 1 10 Next 4,000,000 TL 3 15 Next […]
Annual Income Tax Declaration for Employees in Turkey Updated for 2025
According to the Turkish Income Tax Law, wages include monetary payments, in-kind benefits, and other earnings convertible into money, provided by an employer in exchange for services. In addition to corporate taxpayers, restructuring professionals in Turkey often advise high-earning individuals and employees with complex compensation structures on how to comply with evolving income tax regulations. […]
Minimum Wage in Turkey
Discover the updated minimum wage in Turkey for 2025: Description Gross (TRY) Net (TRY) Minimum Wage 26,005.50 22,104.67 Tip: Knowing the minimum wage is crucial for both employees and employers in Turkey. ———————————————————————————- Insurance Premium Base Earnings Limits Stay updated on social security premiums in Turkey for 2025: Daily Earnings Limit (TRY) Monthly Earnings Limit […]
Corporate Taxation in Turkey
Corporate taxation in Turkey is imposed at a rate of 20% on both resident and non-resident companies. Corporations in Turkey are classified as either limited taxpayers or unlimited taxpayers based on their tax liability. Resident vs. Non-Resident Taxpayers Tax Year and Filing Taxable Income Capital Gains Tax Tax Losses Foreign Tax Credit Participation Exemption Holding […]
