Companixa™ Turkish Company Center offers clients a customer-focused and cost-effective Turkish Payroll Services. Companixa™ prides itself on our attentive and personal approach to every client. We work closely with our clients to discover and implement the customized legal and accounting solutions that best meet their needs. Companixa™ handles commercial transactions and disputes with the same dedication and intensity whether our client is a Fortune 500 company or a privately held small business.
Our Turkish lawyers are prepared to handle your company’s legal needs in Turkey. Our experts handle all kinds of legal services required to run your company in Turkey. We offer the best legal services, at competitive prices to foreign businessmen who already established or getting ready to establish a company in Turkey.
Our Turkish company formation team is prepared to handle your company formation in Turkey. Our lawyers are experienced in liaison office formation, branch office formation, free trade zone company formation, joint stock company, joint venture formation, limited liability company formation, Turkish Liaison Office Formation, holding company formation, and company management and governance in Istanbul, Turkey.
Turkish Payroll Services
After registering a new company in Turkey, you will need to hire an accountant & CPA in order to manage the financial issues and offer solutions to lower the costs for your business. A good accountant will help you save money and make your company more efficient in terms of costs. In a short time, if your company is managed well from all points of view, the profit will increase.
An experienced accountant knows all the rules and regulations related to your business activity and will offer you the best advice in order to protect your money. Before hiring an accountant, you should check if he/she is registered before an accounting body in Turkey, so you will be sure that he/she is a professional and you can trust him.
Social Security Services in Turkey
The three insurance funds, namely SGK, Emekli Sandigi and Bag-Kur, were merged under a sole body called the Social Security Institution (SSI) in 2021. The three insurance funds together cover around 81% of the population as of 2008. The system started to be fully operational at the beginning of 2008.
Social Security Premium Payments
Social security premiums (as a percentage of employee’s gross earnings) are payable by both employers and employees.
Turkish Social Security System
Foreigners making social security contributions in their home countries do not have to pay the Turkish social security premiums if there is a reciprocal agreement between the home country and Turkey.
Unemployment Insurance Premium Payments
Employees, employers and the state are required to make a compulsory contribution to the Unemployment Insurance Plan at the rates of 1%, 2% and 1%, respectively, of the gross salary of the employee. Like the social security premium payments, unemployment insurance premiums are also to be paid on a monthly basis. Employers are able to deduct such contributions from their taxable income. On the other hand, an employee’s contributions are deductible from the income tax base of the employee.
A foreign individual who remains covered under the compulsory social security system of his/her home country that has a social security agreement in effect with Turkey is not liable for insurance payments to the Turkish social security. The proof of foreign coverage is to be filed with the local social security office. If the employee is not subject to a foreign social security, full contributions will generally be imposed. Unemployment insurance premiums are declared and paid to the Social Security Institution together with social security premium contributions.
Reach us for Turkish Payroll Services
Since its foundation in 1992, Companixa™ performs work permit application in Turkey and provide other company governance services for foreign companies and persons. We have extensive experience on limited liability and joint stock companies, joint ventures, liaison office, and branch office formation and governance in Turkey.We are committed to remaining forward-thinking and preparing for the dynamically changing world of business law. You may reach our experts for Turkish Payroll Services by sending an email or through Contact page.