{"id":32,"date":"2019-01-03T07:49:43","date_gmt":"2019-01-03T07:49:43","guid":{"rendered":"http:\/\/smart-outsourcing.com\/?page_id=32"},"modified":"2023-02-15T13:46:04","modified_gmt":"2023-02-15T13:46:04","slug":"faq","status":"publish","type":"page","link":"https:\/\/smart-outsourcing.com\/en\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"32\" class=\"elementor elementor-32\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-885bf8f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"885bf8f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-48cc14f\" data-id=\"48cc14f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e651b22 elementor-widget elementor-widget-spacer\" data-id=\"e651b22\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-adb343c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"adb343c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ae58166\" data-id=\"ae58166\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-73a8e0e elementor-widget elementor-widget-heading\" data-id=\"73a8e0e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">FAQ (Frequently Asked Questions)<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-db58a14 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"db58a14\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0afbe9a\" data-id=\"0afbe9a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-082647b elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"082647b\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2eff37d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2eff37d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c8ea663\" data-id=\"c8ea663\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1a41a1f elementor-widget elementor-widget-accordion\" data-id=\"1a41a1f\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2751\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"tab\" aria-controls=\"elementor-tab-content-2751\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" href=\"\">1) What are the requirements for setting up a joint stock company in Turkey?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2751\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2751\"><ul><li>Shareholders do not have to come to Turkey to incorporate a company in Turkey as a first step. Only on confirmation step is needed.<\/li><li>Joint stock companies can be established with a single shareholder, up to <strong>500<\/strong> shareholders.<\/li><li>The minimum capital amount in joint stock companies is <strong>50.000 TL<\/strong>.<\/li><li>At least <strong>1\/4<\/strong> of the monetary values of the shares committed in cash must be paid before the registration and the rest within<strong> 24 months<\/strong> following the registration of the company.<\/li><li>The minimum capital amount is <strong>100.000 TL<\/strong> in joint stock companies to get work permit for foreigners.<\/li><li>Capital can be guaranteed by cash or real estate during the establishment.<\/li><li>The transfer of shares is not required to have approved from a notary and also does not have to be registered in the trade registry. (Easy transferable)<\/li><li>The corporation tax rate in joint stock companies is <strong>22%.<\/strong> In joint stock companies, if shareholders sell their shares after two years, there is no income tax on the sale of shares.<\/li><li>If your capital is over <strong>250.000 TL<\/strong>, you must assign a lawyer for the company.<\/li><li>The articles of incorporation agreement must be prepared in writing and the signatures of all shareholders should be approved by notary public <strong>within 15 days<\/strong>, or the articles of incorporation agreement must be signed in the presence of the commercial registry manager or assistant. The articles of incorporation agreement should include specific standards according to Turkish Tax legislation.<\/li><li>You must have an official rent agreement with the landlord, registered in the official address. It might be also virtual address.<\/li><li><strong>Power of Attorney (POA)<\/strong> for financial advisor or registered lawyer.<\/li><li>Shareholders may be on payroll on their own companies if they do not stand on the board of directors.<\/li><li>For the registration of tax and social security office, it is necessary to submit of the application form to the trade registry office.<\/li><li>Listing showing that business and official name is already registered, must be published in <strong>Turkey Trade Registry Gazette<\/strong>.<\/li><li>To register to the chamber of commerce or the chamber of commerce and industry, which is authorized in the region where the business operates.<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2752\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"tab\" aria-controls=\"elementor-tab-content-2752\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" href=\"\">2) What are the requirements for setting up a LLC (Limited Liability Company) in Turkey?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2752\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2752\"><ul><li>The minimum capital amount in LLC is <strong>10.000 TL<\/strong>.<\/li><li>Companies with limited profit expectations may prefer limited companies.<\/li><li>LLC companies can be established with a<strong> single shareholder<\/strong>, up to 50 shareholders.<\/li><li><strong>Power of Attorney<\/strong> (POA) for financial advisor or registered lawyer.<\/li><li>You must have an<strong> official rent agreement<\/strong> with the landlord, registered in the official address. It might be also virtual address.<\/li><li><strong>At least 1\/4<\/strong> of the monetary values of the shares committed in cash must be paid before the registration and the rest within 24 months following the registration of the company.<\/li><li>In LLC companies, <strong>income tax<\/strong> is to be calculated over the income obtained from the share transfer.<\/li><li>The transfer of shares is required to have approved <strong>from a notary<\/strong> and has to be registered in the trade registry.<\/li><li>You may assign the General Manager from outside the shareholders, but at least 1 person from the shareholders must also be a manager.<\/li><li>The shareholders are responsible <strong>for the tax and public liabilities<\/strong> in proportion as the capital they undertake.<\/li><li>Listing showing that business and official name is already registered, must be published in <strong>Turkey Trade Registry Gazette.<\/strong><\/li><li>To register to the chamber of commerce or the chamber of commerce and industry, which is authorized in the region where the business operates.<\/li><li>For the registration of tax and social security office, it is necessary to submit of the application form to the trade registry office.<\/li><li>The articles of incorporation agreement must be prepared in writing and the signatures of all shareholders should be approved by notary public within 15 days.<\/li><li>The Articles of Association may be amended by the decision of the shareholders representing 2\/3 of the capital if there is no provision contrary to incorporation agreement.<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2753\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"tab\" aria-controls=\"elementor-tab-content-2753\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" href=\"\">3) What taxes do we pay after establishing a LLC or Joint Stock company in Turkey?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2753\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2753\"><ul><li>VAT monthly<\/li><li>If you have employees, monthly insurance liabilities (SSI)<\/li><li>Every month Employer insurance premium<\/li><li>Withholding (Payroll Tax) monthly or quarterly<\/li><li>Quarterly Corporate Income Tax<\/li><li>Annual Corporate Income Tax<\/li><li>Once in a year \u2013 approval payment for yearly legal books<\/li><li>Obligatory membership fees to the chambers<\/li><li>Stamp Tax \u2013 if you sign any agreement<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2754\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"tab\" aria-controls=\"elementor-tab-content-2754\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" href=\"\">4) What are the obligations of profit distribution made in Turkey?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2754\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2754\"><ul><li>If shareholders are the owner of an established company in Turkey, income tax over the profit is not calculated while natural person shareholders should pay <strong>15% withholding tax<\/strong> after CIT deduction.<\/li><li>If a loss is reached after a financial year, profit distribution cannot be decided <strong>unless this loss is covered compared to the previous years<\/strong>.<\/li><li>By Joint Stock Companies, the Board of Directors shall call the members to the General Assembly within <strong>3 months<\/strong> of the year closing to decide officially for the profit distribution.<\/li><li>By LLC companies that has less than 20 shareholders must have resolution of board of shareholders and by more than 20 shareholders, the general assembly has to decide on the profit distribution officially.<\/li><li>5% general legal reserve is <strong>obligatory to be allocated<\/strong> from net profit every year; 5% of the remaining amount may be distributed as profit to shareholders.<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2755\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"tab\" aria-controls=\"elementor-tab-content-2755\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" href=\"\">5) Address requirments - Virtual Address & Workplace Options.<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2755\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2755\"><ul><li>After the company is established, authorized person is coming from the tax office to check whether the company exists.<strong> (Official inspection)<\/strong><\/li><li>You can assign your <strong>home office<\/strong> as official company address. If the owner of the property is natural person then you should pay <strong>20% withholding tax<\/strong> monthly.<\/li><li>You can have contract either with <strong>virtual office providers<\/strong> or you can contact us to provide you a temporary official address at our location. So, you will have no any 20% withholding tax deduction on the rent fees.<\/li><li>You may rent a <strong>furnished or unfurnished workplace<\/strong> in Turkey. Please also note that the inspector will come to approve soon that your workplace is rented in line with your business operations.<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2756\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"tab\" aria-controls=\"elementor-tab-content-2756\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" href=\"\">6) What are the information and documents you should have after you set up your company in Turkey?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2756\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2756\"><div><br><\/div>\n<ul>\n<li>Passport copy &#8211; must be apostilled.<\/li>\n<li>Power of Attorney to CPA &amp; Financial Advisor &#8211; must be apostilled.<\/li>\n<li>A copy of the establishment documents obtained from tax office<\/li>\n<li>Rent agreement &#8211; Virtual or workplace address.<\/li>\n<li>Stamp duty payment receipt of the rental agreement<\/li>\n<li>Copy of the receipt of the notarized legal books or e-ledger application.<\/li>\n<li>Your Online Tax Office credentials (username-password)<\/li>\n<li>Tax Certificate provided from tax office<\/li>\n<li>Documentation for application to chamber of commerce<\/li>\n<li>Social Security Account Number<\/li>\n<li>Bank account within Turkey and internet banking credentials<\/li>\n<li>Approved Circular of Signature<\/li>\n<li>Articles of Incorporation&nbsp;&nbsp;<\/li><li>Residence Documentation for foreigner shareholders.<\/li>\n<\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2757\" class=\"elementor-tab-title\" data-tab=\"7\" role=\"tab\" aria-controls=\"elementor-tab-content-2757\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" href=\"\">7) What should we pay attention when preparing the articles of incorporation in Turkey?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2757\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"7\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2757\"><ul><li><strong>Corporate name<\/strong> must be clearly determined.<\/li><li>Company shareholders and <strong>share amounts<\/strong> should be clearly determined, minimum 1 partner is sufficient for all capital types.<\/li><li>Company&#8217;s <strong>central address<\/strong> must be determined.<\/li><li>It should be determined who the company director or representative should be.<\/li><li>How to make <strong>announcements<\/strong> about the company should be determined.<\/li><li>The main points of <strong>operation area<\/strong> of the company should be specified and defined in detail.<\/li><li><strong>Financial year<\/strong> of the company should be clearly written on any article of the incorporation.<\/li><li><strong>The capital structure<\/strong> and payment schedule of the capital should be clearly defined.<\/li><li>The way of calling to general assembly meetings and voting rights<\/li><li>If it does not conflict with the provisions of the Commercial Law, additional new articles may be added to the incorporation.<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2758\" class=\"elementor-tab-title\" data-tab=\"8\" role=\"tab\" aria-controls=\"elementor-tab-content-2758\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" href=\"\">8) How can shareholders get salary from the company in Turkey?<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2758\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"8\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2758\"><ul><li>The members of the Board of Directors may be paid under definition of <strong>salary, bonus, premium and annual profit share<\/strong> which is determined by the articles of incorporation or the general assembly decision.<\/li><li><strong>The attendance fee payments<\/strong> to shareholders are subject to income tax and social insurances and must be shown on the company&#8217;s payroll.<\/li><li>The attendance salary should be fair according to the wages paid in the company, otherwise<strong> if investigated<\/strong>, the application might be charged from the tax office.<\/li><li>General Manager of the company can be included on the payroll of the company if needed. Minimum salary limitation should be considered when calculating monthly salary to the shareholders.<\/li><li><strong>Withdraw any salary or equivalent cash outs<\/strong> should be documented, otherwise without any documentation or payroll transactions, the cash out will be considered as covered profit distribution and will be subject to income tax in any case.<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>FAQ (Frequently Asked Questions) 1) What are the requirements for setting up a joint stock company in Turkey? Shareholders do not have to come to Turkey to incorporate a company in Turkey as a first step. Only on confirmation step is needed. Joint stock companies can be established with a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/template-pagebuilder-full-width.php","meta":{"footnotes":""},"class_list":["post-32","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FAQ &bull; Certified Public Accountants | Ihr Rechtsanwalt und Steuerberater in Istanbul<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/smart-outsourcing.com\/en\/faq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAQ &bull; Certified Public Accountants | Ihr Rechtsanwalt und Steuerberater in Istanbul\" \/>\n<meta property=\"og:description\" content=\"FAQ (Frequently Asked Questions) 1) What are the requirements for setting up a joint stock company in Turkey? 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