RelocationTR · Business knowledge
Our knowledge base
The first part of this knowledge base describes three support scopes: company setup, accounting and banking. Find your task and review the work involved. The guides cover formation, founders, accounting, banking compliance, IT services and international trade.
Materials: 17
Services
Company formation in Turkey for foreign entrepreneurs
RelocationTR coordinates company setup in Turkey with corporate structuring, accounting, tax and banking tasks. Start with the business activity, owners and expected payment geography so the scope can be defined for the project…
Services
Accounting coordination for foreign-owned Turkish companies
RelocationTR connects accounting with tax, payroll, banking and corporate tasks for Turkish companies. The scope can cover ongoing coordination, a handover from a previous accountant or a review of missing periods. Describe the…
Services
Banking and compliance support for Turkish companies
RelocationTR coordinates a company's banking file with its owners, activity, contracts and accounting records. New-account onboarding, a source-of-funds enquiry and an account restriction are different tasks. Begin with the exact…
Accounting
Turkish company maintenance costs: how to build an annual budget
A maintenance budget for a company in Turkey should separate recurring support, transaction costs and payments that depend on the company’s activity. Keep launch funding and capital in separate lines so that comparisons of…
Accounting
Controlling Turkish company accounting: the owner document pack
The owner of a Turkish company can keep control over the accounting without professional training if there is an agreed document pack: bank statements, invoices, proof of performance, provider reports and a register of access…
Accounting
Changing accountants in Turkey: handover and opening-state checks
When changing the accountant of a Turkish company, RelocationTR recommends documenting the handover in a written inventory: a list of documents, periods, reconciliations and authorisations, with a separate list of the gaps…
Formation and founders
First month after Turkish company registration: an owner checklist
After a company is registered in Turkey, the owner benefits from turning the registration result into a working routine: assign owners, collect evidence and keep four tracks separate — the company, employees, the bank and the…
Formation and founders
Opening a Turkish company: a foreign founder document checklist
Foreign investors may set up companies in Turkey in the forms provided by the Turkish Commercial Code, and registration procedures run through MERSİS and the relevant trade registry. For a foreign individual founder, the official…
Formation and founders
Foreign corporate shareholder in Turkey: documents and power of attorney
For a foreign corporate shareholder, Invest in Türkiye lists a certificate of current status and signatories issued by the competent authority in the shareholder's country, a decision authorising establishment, and a notarised…
Formation and founders
Owning and working in a Turkish company: separate questions
Owning a share in a company in Turkey and working in it are separate questions. Foreign investors may set up companies in the forms provided by the Turkish Commercial Code, but before starting work a foreigner within the scope of…
Banking and compliance
Turkish bank source-of-funds request: how to build a transaction response
If a Turkish bank has asked for the source of funds on a specific transaction, it is easier to build the response around the request itself: transaction → contract or invoice → performance → payment chain. This is a RelocationTR…
Banking and compliance
KYC and EDD for a Turkish company: how to maintain the bank file
A Turkish company's bank KYC file covers registration data, business activity, the representative, beneficial ownership and ultimate control. It is more than an account-opening check: during an ongoing relationship, the bank…
Banking and compliance
Restricted Turkish company account: identify the basis first
If access to a Turkish company account is restricted or a payment did not go through, start with the written basis. A KYC request, a returned payment, a bank-imposed operational restriction and an authority's seizure order need…
Banking and compliance
Changing a Turkish company director or signatory: bank-file checks
When a Turkish company changes its director or signatory, RelocationTR recommends cross-checking registration, bank and operational authority and asking the bank about its notification procedure. When identifying a company, the…
IT and international trade
Turkish IT company with foreign clients: contracts, invoices, banking and VAT
For an IT company in Turkey, a customer abroad, payment currency and use of the service abroad are separate facts. VAT Law No. 3065, Article 12(2), requires the relevant service to be for a customer abroad and used abroad. The…
IT and international trade
Exporting goods from Turkey: align contract, invoice, customs and payment
An export shipment from Turkey is easier to prepare as a single file: the parties, goods, value, shipment, declaration and payment should agree with one another. This is a RelocationTR editorial recommendation, and the exact set…
IT and international trade
Importing into Turkey: check the goods before payment and shipment
Before paying an import supplier, identify the goods, the regime and the applicable permissions. The import of goods and services is within the scope of VAT, while the application of any exceptions is checked separately. For…