🏷️ Turkish: IBAN
The International Bank Account Number used for secure transfers. Turkish IBANs always start with “TR” and consist of 26 digits.
💡 Example: You will need to provide your company’s IBAN to your clients so they can wire payments for your services directly to your Turkish account.
🔗 Related Service: Investment Advisory
📎 Need help? Book a Free Consultation here: /contact
🏷️ Turkish: Limited Şirket The most common company type for foreign investors due to limited liability protection and lower minimum capital requirements. 💡 Example: Most foreign small business owners choose the Ltd. Şti. structure because it only requires 50,000 TL of initial capital. 🔗 Related Service: Company Formation in Turkey 📎 Need help? Book a…
🏷️ Turkish: Geçici Vergi A quarterly prepayment of corporate income tax based on the company’s estimated profits during the year,. 💡 Example: Your accountant will calculate your quarterly profit to determine the advance tax payment due to the government. 🔗 Related Service: Legal & Tax Consulting 📎 Need help? Book a Free Consultation here: /contact
🏷️ Turkish: MERNİS Turkey’s central population administration system that stores the data of all citizens and foreign residents. 💡 Example: Your residency address must be registered in the MERNIS database to verify your identity for official bank transactions. 🔗 Related Service: Residence & Work Permit 📎 Need help? Book a Free Consultation here: /contact
🏷️ Turkish: Yönetmelik Detailed rules and instructions issued by government ministries to implement and clarify existing laws. 💡 Example: The new trade regulation specifies the exact documents required for foreign investors to open a local retail business. 🔗 Related Service: Legal & Tax Consulting 📎 Need help? Book a Free Consultation here: /contact
🏷️ Turkish: Faiz The fee paid for borrowing money. The Central Bank of Turkey sets benchmark interest rates that influence bank loans and deposits. 💡 Example: When you open a corporate savings account in a Turkish bank, you will earn interest based on the current market rates. 🔗 Related Service: Investment Advisory 📎 Need help?…
🏷️ Turkish: Ticaret Bakanlığı The government body overseeing company registrations, foreign trade policies, and consumer protection in Turkey. 💡 Example: The Ministry of Trade regulates the legal procedures for establishing a branch office of a foreign company. 🔗 Related Service: Company Formation in Turkey 📎 Need help? Book a Free Consultation here: /contact