What we actually do
We are English-speaking Turkish certified public accountants working almost exclusively with foreign-capital companies. That focus is the point: the questions a foreign-owned entity asks — how a group reporting pack maps to the Turkish chart of accounts, whether a foreign director needs a work permit, what a Turkish tax inspector will want to see — are not the questions a domestic client asks, and they are the ones we answer every day.
Everything below is delivered in-house by a named CPA who knows your entity, to a fixed fee rather than hourly billing. Where a matter needs a lawyer we say so and work alongside yours.
Setting up
Company and liaison office formation
Limited liability company, joint-stock company, branch, liaison office or project office — which structure fits, the documents, the trade registry process and the registrations that follow. You do not need to be in Türkiye for any of it.
Registered office address
A compliant registered address in Ankara or Istanbul, temporary or permanent. It stands up to the tax office address inspection, which a mailbox service does not.
Investment incentive certificate
Türkiye replaced its entire incentive system in 2025. We establish whether your investment qualifies under the new decree, obtain the certificate, track the expenditure and — the part most often forgotten — close it properly at the end.
Work permits and expatriate payroll
The permit is your company's application, not your employee's, and the salary declared on it drives the payroll cost that follows. We run the application, the payroll and the social security exemption certificate as one piece of work.
Running the entity
Bookkeeping
Statutory books maintained to Turkish requirements, e-invoice and e-ledger handled, reconciliations run on a schedule, and a chart of accounts mapped to whatever your head office reports in.
Tax return filing
VAT, withholding, stamp duty, provisional corporate tax and the annual return — prepared, reviewed, signed and filed. You get the payment amount before it is due, not after.
Payroll
Monthly payroll on a cost-centre basis, social security and withholding declarations, termination calculations, and monthly review of the employment incentives you qualify for. Salary data stays inside our team.
IFRS / US-GAAP reporting
Monthly, quarterly and annual packages under IFRS, US-GAAP or your own group manual — your format, your currency, your consolidation deadline, with tax accounting integrated rather than bolted on.
Transfer pricing documentation
If anything flows between your Turkish entity and the group, you have a documentation obligation. It is not filed with anything — it simply has to exist when an inspector asks, which is usually three years too late to write one.
Structural change
Capital increase and reduction
Including the minimum capital top-up that companies incorporated before 2024 must complete by 31 December 2026 or be deemed dissolved by operation of law. Check your registered capital figure, not your memory of it.
Mergers, transfers and conversions
Branch to subsidiary, limited company to joint-stock, merger, demerger. These can be carried out without an immediate tax charge, but only if the conditions are met exactly — which is why we want to be involved before the resolutions are drafted.
Financial due diligence
Buy-side and sell-side. In a privately held Turkish target the material exposures are usually not in the reported figures — they are in undeclared payroll, understated severance and undocumented related-party dealings.
Liquidation and closure
Closing an entity properly is cheaper than leaving it dormant. The statutory waiting period is three months from the final creditor announcement — not the six months or the year that most published advice still repeats.
When it is contested
Tax inspection and settlement
What you produce in the first fortnight shapes everything after it. We take the correspondence, assemble the file, and choose between pre-assessment settlement, post-assessment settlement and litigation on the merits rather than by default.
SGK audit defence
Social security inspections usually start with an incentive you claimed, and they look backwards. We reconstruct the position month by month and handle the objection process.
Termination and severance
The order in which you do things matters more than the reason. We structure the termination, calculate the entitlements and prepare the file for the mediation that will follow.
Sectors
We serve clients across services, industry, utilities, insurance, banking and finance, and non-profit organisations. See the sectors we work in.