RelocationTR Journal
Decisions start with understanding the context
Tax, banking practice, corporate structures and changes that affect business operations.
Taxes
Partner Funding in a Loss-Making Company: How to Avoid Taxes in Türkiye
Learn how the owner of a loss-making company in Türkiye faced corporate tax on personal transfers meant to cover payroll. Understand why Article 376 of the Turkish Commercial Code matters and how to properly document capital replenishment to avoid double losses.
14 September 2026
02Taxes
Partners Covering Corporate Losses with Personal Funds: When It Triggers Taxable Income and When It Does Not
Partners' funds injected to cover company losses are tax-exempt only if backed by an Article 376 TTK resolution adopted before the transfer. Without it, tax authorities treat them as taxable income (ruling of July 7, 2026). We analyze the proper procedure, common errors, and alternatives.
14 September 2026
03Taxes
Is VAT Included in the Base for Tapu Harcı and Stamp Tax? No, and It Leads to Overpayments
The land registry fee and stamp tax are calculated on the net price excluding VAT: this is confirmed by law, Ministry of Treasury and Finance guidance, and Danıştay precedent. Yet the land registry does not inform the parties, and on a 10 million lira property, the overpayment can reach 100,000 lira. We explain the legal rule and how to recover the excess.
10 September 2026
04Legal Issues
A Holding Company in Türkiye or Kazakhstan: Which to Choose for Your Business
Discover the advantages of Türkiye and Kazakhstan for setting up a holding structure. Learn how to choose jurisdictions for operating activities and asset management by leveraging the core strengths of each.
7 September 2026
05Taxes
Reinstatement of Diesel ÖTV: Full Schedule Through January 2027 and Implications for Business
Starting September 1, 2026, Türkiye began the phased reinstatement of ÖTV on diesel. We break down Presidential Decision No. 11606: the exact timetable of increases through January 2027, the real per-liter pump impact factoring in VAT, and why the tax component of fuel costs is now predictable four months ahead.
4 September 2026
06Business in Turkey
Remote Opening of Brokerage and Crypto Accounts in Türkiye: Changes from September 3, 2026
Learn about the new procedure for remote identification of foreign clients in Türkiye, introduced on September 3, 2026. Non-residents can now open brokerage and crypto accounts without an in-person visit using an NFC-enabled biometric passport. The article outlines the technical requirements and verification steps.
4 September 2026
07Taxes
Teknokent Exemption: The Hidden Condition Many Are Unaware Of
Learn about the non-obvious Teknokent exemption requirement that cost an IT company part of its tax privileges. Read on to discover how to avoid losing 20% of your exemption.
3 September 2026
08Taxes
Non-Dom Status in Türkiye: How a Founder Nearly Lost His Tax Exemption to a Missed Deadline
Discover the critical deadline for securing a 20-year foreign income tax exemption in Türkiye. A founder met all criteria but nearly forfeited the incentive due to a missed application cut-off. This article explains the mandatory procedure and filing timelines.
2 September 2026
09Company News
RelocationTR at Astana Finance Days 2026: An Inside Look
On September 9–10, we attended Astana Finance Days in Astana. A brief overview of why we attended and the key questions raised by entrepreneurs with Turkish structures.
28 August 2026
10Company News
One of Our Clients Has Already Opened Their First Office and Will Soon Install an ATM
One of our clients has already opened their first office and will soon install an ATM.
28 August 2026
11Taxes
🚫 Our client wanted to sell his company in six months. I told him:...
🚫 Our client wanted to sell his company in six months. I told him: then do not do the conversion now, or postpone the deal. He was surprised, because "everyone does it that way." The situation: the owner of an Ltd. spent twelve years building his business...
28 August 2026
12Business in Turkey
🚢 Transit Trade via Türkiye: Effective Tax of ~1.25%, and Zero in İFM
🚢 Transit Trade via Türkiye: Effective Tax of ~1.25%, and Zero in İFM. A fair disclaimer, as always. The tax door has opened, but the banking door remains firmly in place: transit flows are a classic focus of compliance scrutiny.
16 July 2026
13Taxes
⚠️ A Tax Incentive That Can Be Revoked Retroactively: The Risk of Investment Incentives in Türkiye
⚠️ A Tax Incentive That Can Be Revoked Retroactively: The Risk of Investment Incentives in Türkiye. A brief but vital warning for anyone utilizing investment tax incentives in Türkiye. An incentive
14 July 2026
14Taxes
⏰ Tax Debt in Türkiye Can Be Spread Over 72 Months at 29%: A Month and a Half Remains
⏰ Tax debt in Türkiye can be spread over 72 months at 29%: a month and a half remains. A practical reminder for anyone with an outstanding tax debt. An installment plan under notably relaxed terms is available
14 July 2026
15Business in Turkey
📊 Türkiye Attracts $12B in Investment Annually. Why This Figure Is Deceptive
📊 Türkiye attracts $12B in annual investment. Why this figure is deceptive: A new global investment report has been released, providing a timely opportunity to examine Türkiye's real standing in the global competition for capital. While $12B looks respectable...
9 July 2026
16E-commerce
How to Start a Business
Five steps from company incorporation to warehousing: an e-commerce seller's journey into the Turkish market.
8 July 2026
17E-commerce
Mistakes Made by Russian Sellers
10 common mistakes frequently made by Russian sellers when entering the Turkish market.
8 July 2026
18E-commerce
Where to Source Products
China, Türkiye, or Europe: the rationale behind choosing a sourcing channel when entering the Turkish market.
8 July 2026
19E-commerce
Russian Business Enters the Market
The path to the Turkish e-commerce market for Russian businesses has already been paved by dozens of companies from adjacent industries.
8 July 2026
20E-commerce
Technoparks and Tax Incentives for E-Commerce and IT
What a Turkish technopark actually offers, who qualifies, and at what turnover threshold it becomes cost-effective.
8 July 2026
21E-commerce
Why the Market Began to Change Rapidly
Alibaba and Trendyol, Kaspi and Hepsiburada: major capital has already placed its bet on Turkish e-commerce.
8 July 2026
22E-commerce
Kazakhstan as a Secondary Market for the Same Sellers
The AIFC serves as a logical second step for a seller that has already refined its processes in the Turkish market.
8 July 2026
23E-commerce
Who Controls the Market
Trendyol, Hepsiburada, Amazon Türkiye: the balance of power in the Turkish e-commerce market has shifted noticeably over the past year.
8 July 2026
24E-commerce
Why Türkiye Is More Advantageous than the UAE
Logistics, manufacturing, taxes, and banking: comparing Türkiye and the UAE for an e-commerce seller.
8 July 2026
25E-commerce
How Much Does Launching Cost?
A comprehensive cost estimate for launching an e-commerce business in Türkiye: company registration, bank account, accounting, and warehousing.
8 July 2026
26E-commerce
Why Everyone Is Talking About Türkiye
Türkiye's e-commerce market expanded to 4.57 trillion TRY in 2025, up 52.2% year-on-year. We break down the scale, pace, and penetration rates.
8 July 2026
27E-commerce
What Sells Best
Apparel, electronics, cosmetics: the structure of demand on Turkish marketplaces and where to find the best margins.
8 July 2026
28Taxes
🧭 Non-Dom in Türkiye: A Powerful Tool, but Not a Safe Haven
🧭 Non-Dom in Türkiye: A powerful tool, but not a safe haven. Frankly, without rose-tinted promises. It is fashionable right now to market Türkiye as a tax haven for relocation. I do not do this because it is a half-truth, and...
8 July 2026
29Business in Turkey
🌟 Kazakhstan as a Rising Star: Why the Axis with Türkiye Is Now Serious
🌟 Kazakhstan as a Rising Star: Why the Axis with Türkiye Is Now Serious. In recent years, Kazakhstan has evolved from a country of cultural ties into a key economic hub of Eurasia, and for business...
28 June 2026
30Business in Turkey
🏦 62% of Turkish Money Abroad Flows into Holdings: What This Reveals
🏦 62% of Turkish money abroad flows into holdings: what this reveals. The issue is not only WHERE Turkish business moves money, but also in WHAT form. And the form speaks volumes. What the data shows:
27 June 2026
31Business in Turkey
⏰ July 1 Deadline: Paper Invoices (Fatura) in Türkiye Turn into Fines
⏰ July 1 Deadline: Paper Invoices (Fatura) in Türkiye Turn into Fines. Urgent and crucial for anyone doing business in Türkiye. By July 1, 2026, all companies with a 2025 turnover of 3 million lira or more are required to transition
26 June 2026
32Banking
Kazakhstani Giant Enters Türkiye's Banking Sector: The Kazakhstan-Türkiye Corridor in Action
Kazakhstani Giant Enters Türkiye's Banking Sector: The Kazakhstan-Türkiye Corridor in Action. This transaction clearly illustrates how the Kazakhstan-Türkiye axis functions. Kazakhstan-based Kaspi.kz has secured approval from the Turkish banking regulator (BDDK)...
25 June 2026
33Taxes
💸 Why Both Employees and Employers Are Dissatisfied in Türkiye: The Arithmetic of the Tax Wedge
💸 Why Both Employees and Employers Are Dissatisfied in Türkiye: The Arithmetic of the Tax Wedge. The paradox of the Turkish labor market: the employee feels their salary melting away, while the employer feels labor has become unbearably expensive.
24 June 2026
34Business in Turkey
🏠 Real Estate in Türkiye in 2026: Growing in Lira, Falling in Reality...
🏠 Real Estate in Türkiye in 2026: Growing in Lira, Falling in Reality, and Yields Aren't Where It Looks Pretty. A fresh housing market snapshot useful for anyone investing, relocating, or selecting a property for citizenship
23 June 2026
35Business in Turkey
🌍 Turkish Capital Sets an Outbound Record, and the Geography Reveals the Whole Story
🌍 Turkish capital sets an outbound record, and the geography reveals the whole story. Fresh data from the Ministry of Trade: cumulative direct investments by Turkish residents abroad have reached a record high, totaling approx.
22 June 2026
36Business in Turkey
🪦 The Turkish School of Management: How to Confidently Sink Your Business — Harmful Advice
🪦 The Turkish School of Management: How to Confidently Sink Your Business — Harmful Advice. Let me shift the topic for a moment from taxes and macroeconomics to what I see constantly in my day-to-day work. Building a business in Türkiye is tough: uncertainty, expensive capital, exchange rate pressures, and fierce competition hit all at once.
19 June 2026
37Business in Turkey
🚗 BYD Freezes Factory in Türkiye (Manisa) and Chooses Hungary: An Objective Breakdown
🚗 BYD freezes factory in Türkiye (Manisa) and chooses Hungary: an objective breakdown. The news of the week for anyone considering Türkiye as a manufacturing hub. BYD has officially put the Manisa plant project ($1
15 June 2026
38Taxes
💰 Capital Amnesty (Varlık Barışı) 2026: Zero Tax and No Audit, but There Is a Catch
💰 Capital Amnesty (Varlık Barışı) 2026: Zero tax and no audit, but there is a catch. Since June 4, Türkiye has introduced a capital amnesty under Law No. 7582, offering a direct mechanism to regularize assets under unusually generous terms.
11 June 2026
39Taxes
🤖 Turkish Tax Authority Launches AI to Show Your Company's Risk Score Ahead of Audits
🤖 Turkish Tax Authority Launches AI to Show Your Company's Risk Score Ahead of Audits Fresh and vital updates for anyone running a company or sole proprietorship in Türkiye. The Tax Inspection Board (VDK) is launching the Bilinç AI platform this year...
10 June 2026
40Taxes
💼 Restructuring Tax Debts in Türkiye: Installments up to 72 Months
💼 Restructuring Tax Debts in Türkiye: Installments up to 72 Months. The tax debt restructuring law has been adopted by the Meclis and enters into force upon publication in the Official Gazette. In our assessment...
22 May 2026
41Taxes
İFM vs DMCC vs Cyprus: Where Foreign Traders Can Pay 0% Corporate Tax in 2026
A practical case study: how a foreign beneficiary relocated from DMCC to Istanbul and then to İFM, securing $250K in annual corporate tax savings on a $25M turnover with a 3–4 month payback period.
4 May 2026
42Business in Turkey
🏢 Istanbul Commercial Real Estate 2026: Who Wins and Who Loses
🏢 Istanbul Commercial Real Estate 2026: Who Wins and Who Loses. Commercial real estate is one of the best indicators of real consumer demand. A recent Cushman & Wakefield report...
4 May 2026
43Business in Turkey
🌍 Dubai Is Losing Its Monopoly: Three Routes for Capital and Istanbul's Place on the Map
🌍 Dubai Is Losing Its Monopoly: Three Routes for Capital and Istanbul's Place on the Map There is no panic in the market. Nor is there a mass exodus from Dubai. But something important is happening: international investors have begun asking...
1 May 2026
44Company News
⏰ Today, April 30, is the deadline for filing the return and paying...
⏰ Today, April 30, is the deadline for filing the return and paying corporate income tax for the 2025 tax year. 📋 Who files the return today Corporate income tax taxpayers include: 🔹 Joint-stock
30 April 2026
45Legal Issues
⚖️ Part 2. Legal Foundations for Startups in Türkiye: Compliance, Team, Taxes
⚖️ Part 2. Legal Foundations for Startups in Türkiye: Compliance, Team, Taxes. In Part 1, we examined partnership structures, company formation, IP protection, and licensing. Now, we address operational resilience, labor law, KVKK, and tax incentives.
30 April 2026
46Taxes
Türkiye's New Tax Positioning: İFM, Non-Dom Status, and 20 Years of Predictability
Türkiye has unveiled its most ambitious tax positioning in a decade: tax rates matching Singapore and Hong Kong, a 20-year guarantee of predictability, a non-dom regime for individuals, and full tax exemptions for transit trade in the Istanbul Financial Center (İFM). We examine who actually benefits from this framework.
29 April 2026
47Legal Issues
⚖️ Part 1. The Legal Foundation of a Startup in Türkiye: Structure, Brand, IP
⚖️ Part 1. The Legal Foundation of a Startup in Türkiye: Structure, Brand, IP. In our assessment, most problems that destroy startups in Türkiye are related neither to the market nor to the product. They arise...
28 April 2026
48Taxes
Türkiye’s New Tax Package: Transit Trade Outside İFM Granted 95% Exemption for the First Time...
Türkiye’s new tax package: Transit trade outside the İFM receives a 95% tax exemption for the first time, and the "20-year tax holiday" regime for HNWIs presents the strongest offering in the global market.
27 April 2026
49Taxes
Minimum Corporate Income Tax in Türkiye: What Is Deductible and What Is Not
Minimum Corporate Income Tax in Türkiye: What Is Deductible and What Is Not. Starting in 2025, Türkiye has implemented a new instrument—the domestic minimum corporate income tax (Yurt içi asgari kurumlar vergisi).
24 April 2026
50Business in Turkey
📊 Large Enterprises Account for 62% of Turkish Services Exports: What This Means for You
📊 Large Enterprises Account for 62% of Turkish Services Exports: What This Means for You. The Turkish Statistical Institute (TÜİK) has published international trade in services data for 2024. Behind the dry figures lies a critical pattern for foreign businesses.
23 April 2026
51Business in Turkey
🌍 Türkiye as an Operational Diversification Hub: What Corporations See in Spring 2026
🌍 Türkiye as an Operational Diversification Hub: What Corporations See in Spring 2026 The war in the Middle East is not forcing companies to abandon the Gulf. However, it is forcing them to rebalance their footprint. According to our
22 April 2026
52Business in Turkey
🏭 Leaders of Turkish Machinery Manufacturing 2025: Who to Build Business With in Türkiye
🏭 Leaders of Turkish Machinery Manufacturing 2025: Who to Build Business With in Türkiye. The Machinery Exporters' Association of Türkiye (MAİB) has published its ranking of leading companies based on the results of 2025. For our clients
21 April 2026
53Business in Turkey
🌍 Foreign Capital in the Turkish Services Economy: Where It Truly Dominates
🌍 Foreign Capital in the Turkish Services Economy: Where It Truly Dominates. In our assessment, these figures serve as a valuable indicator of where foreign business in Türkiye has already secured a foothold and where local players maintain dominance.
20 April 2026
54Business in Turkey
🚀 Dijitalpark Teknokent: $75 Million in Exports in 3 Years — A Case Worth Examining
🚀 Dijitalpark Teknokent: $75M in exports in 3 years — a case worth examining. Technoparks (Teknokent) in Türkiye are among the most effective tax instruments for foreign IT businesses, and recent data from Dijitalpark Teknokent confirms this.
17 April 2026
55Business in Turkey
Is Türkiye Capable of Capturing Capital Fleeing the Middle East?
Is Türkiye capable of capturing capital fleeing the Middle East? 💡 The Real Strategy Türkiye should not copy Dubai. Its opportunity lies in offering a unique combination: a massive domestic market
17 April 2026
56Business in Turkey
💡 What to Look for When Valuing a Company?
💡 What to look for when valuing a company? When analyzing a Turkish business—whether for M&A, a partnership, or buying shares on the BIST—the "revenue growth" line is no longer an indicator of success. Two metrics that matter...
16 April 2026
57Taxes
The KURGAN Algorithm: How the State Shifted to Predictive Business Auditing
The KURGAN Algorithm: How the State Shifted to Predictive Business Auditing. The Turkish Tax Inspection Board (VDK) has officially shifted its paradigm. On-site visits are no longer necessary to uncover violations.
15 April 2026
58Taxes
Guide: How to Avoid Penalties and Tax Issues in Türkiye — Advice for Russian Founders
Doing business in Türkiye opens up great opportunities, but it requires close attention to local legislation. This guide will help you understand the primary risks and avoid costly mistakes.
14 April 2026
59Taxes
Total Compliance 2026: AI, SGK Audits, and New Red Flags for Business
Total Compliance 2026: AI, SGK Audits, and New Red Flags for Business In spring 2026, the Tax Inspection Board (VDK) and the Social Security Institution (SGK) began working in tandem—leveraging artificial intelligence for cross-data analysis...
14 April 2026
60Taxes
💰 How to Legally Withdraw Funds from a Turkish Company: Huzur Hakkı vs. Dividends
💰 How to Legally Withdraw Funds from a Turkish Company: Huzur Hakkı vs. Dividends. The Turkish Tax Inspection Board (VDK) is auditing founders whose lifestyles do not match their declared income. Buying real estate, cars...
13 April 2026
61Business in Turkey
🏙️ Can Istanbul Replace Dubai as a Corporate Hub?
🏙️ Can Istanbul replace Dubai as a corporate hub? We analyzed the structural gap between the two jurisdictions. Here is what we found. ⚖️ Dubai’s real secret In the business community, it is common to
10 April 2026
62Taxes
🚪 A Knock at the Door: How to Survive a Tax Audit in Türkiye Without Talking Yourself into Penalties
🚪 A Knock at the Door: How to Survive a Tax Audit in Türkiye Without Talking Yourself into Penalties. You have been summoned to provide explanations (izaha davet) or scheduled for a full tax audit. ⚠️ A tax audit is not a friendly chat.
9 April 2026
63Taxes
Tax Deadline 2026:
Tax Deadline 2026: In Türkiye, the filing season for corporate income tax (Kurumlar Vergisi) returns for 2025 has begun. All joint-stock companies and LLCs must file by April 30, 2026.
8 April 2026
64Business in Turkey
How to Prepare a Company for an M&A Sale in Türkiye
How to prepare a company for an M&A sale in Türkiye: why exit strategy is a core element of business development, the discipline of sellability, EBITDA multiples, and dealing with country risk.
7 April 2026
65Business in Turkey
“Chinese Tourists” with Suitcases of Machine Tools: How Visa Waiver Hits Turkish Industry
The visa-free regime has opened Türkiye to far more than a wave of tourism. We examine how this policy works against Turkish manufacturing plants and what it means for those considering the country as a production hub.
6 April 2026
66Taxes
Tax Audit Notices to 16,500 Company Owners: How to Legally Withdraw Nearly 4 Million TRY at 0%
Around 16,500 Turkish company owners have received official letters requesting explanations. We break down what is happening and examine the legal mechanism that allows business owners to withdraw nearly 4 million TRY from a company at a zero-percent tax rate.
3 April 2026
67Banking
Investor's Guide: How to Buy Gold Correctly in Türkiye (and Avoid Losing Money on Hidden Fees)
Investor's Guide: How to Buy Gold Correctly in Türkiye (and Avoid Losing Money on Hidden Fees). If you have decided to convert part of your savings into gold, an unpleasant surprise awaits: HOW you buy it determines your real profit.
3 April 2026
68Business in Turkey
Trade Trap 2026: The 1996-Era Customs Union with the EU...
Trade Trap 2026: The 1996-era Customs Union with the EU has turned into a tool that strangles Turkish business. Let us analyze the mechanics of this economic injustice and understand how
2 April 2026
69Business in Turkey
Anatomy of Failure: The Main "Killers" of Family Businesses
Anatomy of Failure: The Main "Killers" of Family Businesses. The average lifespan of a family-owned company in Türkiye is 25–30 years. ☠️ 1. If a company closes down before handing over operations to the grandchildren, the cause...
1 April 2026
70Business in Turkey
Türkiye’s Exports in 2026: Stagnation, 22–25% Inflation, and Which Sectors to Avoid
The outlook for Turkish exports in 2026 is stagnation. Inflation of 22–25% will continue to weigh on production costs, while labor-intensive sectors lose ground to Egypt, Vietnam, and Bangladesh. What this means for investor decisions.
31 March 2026
71Taxes
New Tax Rules Have Come into Effect in Türkiye
New tax rules have entered into force in Türkiye. Income Tax: New Brackets. The progressive tax scale has been updated for employees and freelancers. The widening of the tax brackets is a positive development...
30 March 2026
72Business in Turkey
"Concrete Gold" Has Cracked: Is Buying Buy-to-Let Apartments in Türkiye Worth It in 2026?
"Concrete Gold" Has Cracked: Is Buying Buy-to-Let Apartments in Türkiye Worth It in 2026? Summary for the 2026 Investor: Buying an apartment in Türkiye today makes sense only for personal residence
25 March 2026
73Company News
Here is a tough yet brutally honest demographic analysis by Ussal Sahbaz...
Here is a tough yet brutally honest demographic analysis by Ussal Sahbaz. While politicians and social media debate how to raise the birth rate in Türkiye, the author suggests moving past unique Turkish excuses.
21 March 2026
74Business in Turkey
The Major Risk of 2026: The "Quiet Death" of the Real Sector and the Ghost of the 2027 Elections
The Major Risk of 2026: The "Quiet Death" of the Real Sector and the Ghost of the 2027 Elections. Executive Summary for Business: In 2026, do not fear exchange rate volatility—fear cash flow gaps. Your strategy: Maximize...
20 March 2026
75Business in Turkey
🏛 Types of Family Offices: Which Format Fits Your Dynasty?
🏛 Types of Family Offices: Which Format Fits Your Dynasty? Family wealth management is not a one-size-fits-all solution. Depending on asset volume, privacy requirements, and budget, four primary Family Office models stand out...
12 March 2026
76Business in Turkey
🏛 A Personal Central Bank for Your Dynasty
🏛 A Personal Central Bank for Your Dynasty: A Family Office is not merely an attractive name for private bookkeeping. It is a dedicated structure established to manage the affairs of one or several affluent families.
6 March 2026
77Business in Turkey
Türkiye 2026: The Latin American Inequality Model and the Failure of the Cheap Labor Bet
TÜİK's 2024 income distribution data shatters the conventional view of the Turkish labor market. We examine which inequality model Türkiye is drifting toward and why the cheap labor strategy failed.
5 March 2026
78Taxes
Exit Strategy / Tax Structuring Alert
Exit Strategy / Tax Structuring Alert. Transforming an LLC into a Joint-Stock Company: How to Avoid Falling into a Tax Trap When Selling a Business? In Türkiye, there is a popular tax optimization strategy: converting a Limited Şirketi into an Anonim Şirketi before selling equity stakes...
2 March 2026
79Taxes
Türkiye's Financial Army: Who Are the SMMMs and YMMs?
Türkiye's Financial Army: Who Are the SMMMs and YMMs? Examining the hierarchy, powers, and challenges of those who manage taxes for Turkish businesses. 👇 Anatomy of the profession: 📊 1. Statistics: The actively practicing are fewer...
2 March 2026
80Business in Turkey
Family Business in Türkiye: Why Do Only 4% of Companies Survive to the Grandchildren?
Family businesses account for 95% of Türkiye's economy and serve as the nation's backbone. However, data from TAİDER reveals that only 4% make it to the third generation. We break down the key survival rules and the cost of commingling personal and corporate finances.
1 March 2026
81Business in Turkey
Inflation Forecast 2026: Why the Central Bank Is Missing the Mark and How to Profit from It?
Inflation Forecast 2026: Why the Central Bank Is Missing the Mark and How to Profit from It? Everyone is discussing how the Turkish Central Bank is desperately attempting to "choke off" consumer demand with high interest rates and
1 March 2026
82Banking
Credit Cards Under the Knife: How the CBRT’s New Restrictions Will Hit Turkish Retail
Credit Cards Under the Knife: How the CBRT’s New Restrictions Will Hit Turkish Retail We have already discussed the paradox of the Turkish Central Bank: verbally, the regulator is preparing to cut the policy rate, but in practice —
1 March 2026
83Taxes
Which Exchange Rate Should You Use? A Guide to Foreign Exchange Operations 2026
Which exchange rate should you use? A guide to foreign exchange operations 2026. In Türkiye, there is a legal distinction between "Efektif" (cash) and "Döviz" (non-cash), and different Central Bank (TCMB) rates apply to different taxes (
27 February 2026
84Business in Turkey
Expat Guide: How a Foreigner Can Open a Brokerage Account in...
Expat Guide: How can a foreign national open a brokerage account in Türkiye and purchase equities on Borsa İstanbul? We have already explored why foreign capital is entering the Turkish market and which sectors are set to grow.
25 February 2026
85Banking
Investor's Cheat Sheet: Top 3 Borsa Istanbul (BIST) Sectors Being Snapped Up by Foreign Investors
Investor's Cheat Sheet: Top 3 Borsa Istanbul (BIST) Sectors Being Snapped Up by Foreign Investors. When international credit rating agencies upgrade Türkiye's sovereign credit rating, capital pours into Borsa
23 February 2026
86Business in Turkey
Housing Crisis 2026: Why Has Rent in Türkiye Spiraled Out of Control?
Housing Crisis 2026: Why Has Rent in Türkiye Spiraled Out of Control? Surging rent prices in Türkiye have ceased to be merely an "economic news item" and have turned into the country's #1 social problem. Experts call
22 February 2026
87Business in Turkey
Real Estate 2025: We Have Prepared Two Analytical Articles for Our Readers...
Real Estate 2025: We have prepared two analytical articles for our readers to help buy or sell. The growth driver has been a change in ownership: foreigners who acquired citizenship are exiting their assets, and
20 February 2026
88Business in Turkey
Real Estate 2026: Foreigners Dumping Properties at Half Price
Real Estate 2026: Foreigners Dumping Properties at Half Price 🎯 BRIEF SUMMARY FOR INVESTORS In 2026, there is no point in visiting a developer's sales office in Istanbul looking for completed housing. The 2026 strategy:
19 February 2026
89Business in Turkey
How Are Millionaires Covertly Moving Money Out of Türkiye in 2026?
How are millionaires covertly moving money out of Türkiye in 2026? The 3 primary schemes through which billions of dollars are flowing out of Türkiye right now, bypassing official scrutiny. 🏢 1. Offshore camouflage
18 February 2026
90Banking
The Deposit Trap: Where Is "Smart Money" Flowing in Türkiye in Spring 2026?
The Deposit Trap: Where Is "Smart Money" Flowing in Türkiye in Spring 2026? 💡 Summary for the 2026 Investor: The strategy of "sitting on deposits and doing nothing" is ceasing to work. Yes, deposits are still...
16 February 2026
91Taxes
Türkiye. Severance Pay (Kıdem Tazminatı) 2026: Complete Guide
Türkiye. Severance Pay (Kıdem Tazminatı) 2026: Complete Guide. In 2026, statutory termination payment thresholds have been revised. The severance pay ceiling has increased to 64,948 Turkish liras for each year of service.
12 February 2026
92Business in Turkey
Business 2025: The Worst Ratio in 12 Years
Business 2025: The Worst Ratio in 12 Years 🎯 BUSINESS SUMMARY Türkiye's business climate at the beginning of 2026 remains toxic for small and medium-sized enterprises. High interest rates and inflation
11 February 2026
93Business in Turkey
Foreign Business Statistics in Türkiye 2025:
Iranians are opening stores and small firms, Germans are building factories and opening representative offices of major corporations, and the Chinese are capturing niches in supply chains. CIS business activity is at an all-time low.
9 February 2026
94Business in Turkey
Türkiye's Industrial Paradox
Why real growth is moving away from Istanbul and how the hierarchy of industrial hubs is reshaping investor strategies and supply chains
22 December 2025
95Company News
KURGAN Reshapes Tax Rules in Türkiye from October 2025
Why every transaction is now under scrutiny and how the presumption of intent threatens businesses
19 December 2025
96Company News
SGK Launches Mass Audits of Gray Salaries
Why the \"minimum wage on paper\" scheme has become a high-risk red zone and what penalties businesses face right now
17 December 2025
97Banking
The Turkish Stock Market Can Wipe Out a CIS Investor's Capital
Why copying the local investment playbook fails, and how to survive high inflation and lira devaluation.
17 December 2025
98Company News
KURGAN: What It Is and Why It Matters
As of October 1, 2025, the era of "we did not know the document was forged" has ended in Türkiye. The KURGAN system leverages AI to analyze company operations and identify document fraud risks, while tax authorities now operate under a presumption of deliberate use.
17 December 2025
99Company News
Foreign Capital Arrives, Local Capital Leaves: A Lucrative Paradox for Foreign Investors in the Turkish Economy
In the first nine months of 2025, Türkiye attracted $11.4 billion in foreign direct investment—46% more than the previous year. Concurrently, Turkish businesses are accelerating capital flight abroad. We analyze what this dual flow means for foreign investors.
15 December 2025
100Company News
Free Trade Zones in Türkiye Are Open to International Investors
Türkiye's free zones have become the core of a high-value-added export model. Amid currency risks and inflation, they provide what the rest of the economy lacks: stability and predictability. Who qualifies and at what scale.
15 December 2025
101Company News
💳TCMB Revokes Papara's License: A New Phase of Fintech Regulation in Türkiye
The Central Bank of the Republic of Türkiye has revoked the license of Papara Elektronik Para, one of the country's largest fintech players. The decision was published in the Resmî Gazete under Law No. 6493. What this means for those running payment flows through Turkish fintech.
15 December 2025
102Company News
Central Bank of Türkiye Enters a Treacherous Bend: A Signal on the Limits of Monetary Flexibility
September inflation accelerated once again, reaching 3.2% month-on-month and pushing the annual rate up from 32.9% to 33.3%. Despite this, the Central Bank of Türkiye continued to cut its policy rate. We analyze the limits of monetary flexibility and what this entails for corporate currency risks.
15 December 2025
103Company News
Uber Invests $200M in Türkiye: An Example of a Major Investor Committing Capital Beyond Its Initial Plans
Uber is establishing a global development center in Istanbul: a $200 million investment and approximately 500 engineers. We analyze why this decision was made outside initial plans and what it reveals about Türkiye's emergence as an R&D hub.
15 December 2025
104Company News
Growth Without Development: Türkiye's GDP Has Grown for 20 Quarters, While Purchasing Power Declines
Türkiye's economy grew by 4.8% year-on-year—for the twentieth consecutive quarter. A record on paper, but in reality, businesses and individuals do not feel this growth. We break down the difference between growth and development and what this means for investors.
15 December 2025
105Banking
Sanctions Are Tightening!
— Time for Turkish companies to separate legal entities, switch settlement currencies, and redraft contracts
15 December 2025
106Company News
Why New Turkish Citizens Are Buying Real Estate Abroad
A practical guide for our clients
15 December 2025
107Company News
"Türkiye is Heaven for Those in the Know, Hell for Outsiders": What Foreign Businesses Fail to See at Market Entry
From the outside, Türkiye looks like an easy market: high demand, a young population, and strong export potential. Yet the internal logic of Turkish business operates differently. Türkiye is not a risk—the risk is entering Türkiye the wrong way.
2 December 2025