Yearly Archives: 2011

How is The Export Regime in Turkey?

How is The Export Regime in Turkey?

Turkey has been implementing an export-oriented strategy since 1980. The basic objective of this strategy is to constitute an outward oriented economic structure in the framework of free market economy and to be integrated with world markets. With this new strategy, export intensive measures consisting of various supportive components, arrangements …

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How Does the Turkish Tax System Works?

How Does the Turkish Tax System Works?

The tax system in Turkey is progressive. -In other words, the higher your income, the higher the rate at which you will pay tax. -The 2010 individual tax rates vary from 15% – 35%. -in 2010 the standard rate of Turkey corporate tax is 20%.

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Legal Requirements for Getting Married in Turkey

Legal Requirements for Getting Married in Turkey

Make it your priority to fully understand the legal requirements for getting married in Turkey. Residency Requirements There are no minimum residency requirements, providing that you obtain a Certificate of No Impediment from the relevant authority in your country of residence.If you have not obtained this document then you will …

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How To Calculate The Cost of The Overtime Work on Holidays?

How To Calculate The Cost of The Overtime Work on Holidays?

According tothe Labor LawNo. 4857,weeklyworking hour regulation is appliedas45 hours. If weeklyworkinghours exceed45hours(except when Article 63of the lawon the basisofthe principle ofequalization is applied), it is considered asovertime. The worker who exceeds the 45 hours of weekly working ceiling,  will be entitled to earn 50% of normalhourlywageforeach extra hour.

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Doing Business in Turkey

Doing Business in Turkey

A foreign company may do business in Turkey in one of the following ways: Operate as a contractor, establish a branch or a subsidiary. Establishment ProceduresThe registration and foundation procedures relating to Turkish subsidiaries and branches have been simplified considering the permissions to be required for the establishment. Under the …

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