- PPF Points
- 2,039
Turkey is one of the greatest countries in the world. Although entrepreneurship in Turkey, where the geographical location of the country is bridging Europe and Asia, can be ideal. But now think some more about Turkey not being the "offshore" low-tax country in the typical sense of a tax haven. What Turkey has is the ability for overseas people to own all shares of a local company and take advantage of the tax treaties with other countries, given they are in compliance with the local rules. There’s no specific legal form said to be offshore according to the Turkish law- but actually, you are simply registering an entity from another country, mostly as one of the Limited Liability Company (LLC) types, and that is the most prevalent and uncomplicated type of structure. The Turkish corporate law, as with all entities, is requiring them to comply with strict accounting and record-keeping rules, to report their annual income, and to pay taxes on it as well as any local business. Carefully read the international markets regulations to know the exact point for the entrepreneurs where the chances for them exist.
