German companies in Turkey – their rights and answers to tax questions for M&A, founding companies and subsidiaries

Relations between Turkey and Germany are close, particularly due to the Gastarbeiter movement of the Sixties. Due to its geographic location as a bridge between Europa, Asia and the Middle East, Turkey is an important business location which enjoys a customs union with the EU. A large young workforce increases its attraction as a location for German companies.

Key points in brief     

  • When doing deals and transactions and in M&A or founding a company, Turkish tax regulations and Turkish laws have to be followed.       
  • The business culture in Turkey is very different from that in Germany. We are a member firm of Grant Thornton International Ltd and network closely with our partners in Turkey. We dialogue closely and constantly.     
  • In the Turkish business world, networks are considered very important. Our partners in Turkey have these networks. They work to represent your interests, including with the public authorities and courts.

Turkey – a bridge between trading zones 

Due to its connection with Europe, Asia and the Middle East, Turkey is an ideal location for German businesses. German companies desiring to expand into Turkey are typically very welcome. The Turkish government provides businesses with incentives to make taking the step of setting up in the country easier. We’ll be happy to advise you on all your questions on entering the market in Turkey – in whatever shape or form.     

Challenges and solutions 

Despite all the benefits to German companies in Turkey, there are also challenges. From the German standpoint, the political situation is not stable. Inflation is high. We are a member firm of the Grant Thornton network. Our local experts are familiar with these challenges, provide strategic advice and proactively find tailored solutions for you – whether for transactions, founding a new company, M&A or other deals.     

We’re there when you need us and provide advice in the following areas:     

  • Assistance in entering the market     
  • Questions on deals, founding a company or transactions      
  • All tax issues     
  • Outsourcing services     
  • Compliance issues     
  • Compilation of consolidated and annual financial statements     
  • Financial and tax due diligence issues     
  • M&A transactions and       
  • Forensic services.

Get in touch with no commitment.

Are you planning to venture into the Turkish market? Or are you already doing business there? Do you, as a German business, need advice on the best way to do business in Turkey? Our contact Havva Elgay has excellent contacts in Turkish business circles and the relevant institutions. Take advantage of her expertise and feel free to contact her with your questions without any commitment.

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