Akkas CPA & Turkish Accounting Firm is a globally recognized Turkish Accounting Firm with a long record of excellence and professional leadership in Istanbul, Turkey. Our accounting team is prepared to handle your company’s accounting services in Turkey. Akkas CPA handles all kinds of Accounting services in Turkey required to run your company in Turkey. You may reach our accountants for Work and Resident Permits in Turkey.

Akkas CPA offers the best accounting services, at competitive prices to foreign businessmen who already established or getting ready to establish a company in Turkey.

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.

Work and Resident Permits in Turkey

Work and Resident Permits in Turkey

Applications for Turkish work permit are made through e-Government portal of Turkey. The automated work permit application system enables the users to fill the online work permit application form and upload necessary documents into the system. Once online application is made through the e-government portal, the employer is required to make direct application to the Ministry by mail or in person.

Duly applications are finalized by the Ministry at most thirty days and once the decision is made, the ministry informs the applicant through e-mail. Foreigners residing outside the Turkey can make their work permit applications through the Turkish representative offices in their home countries. In the existence of residence permit valid for at least 6 months, foreigners residing in Turkey can make their applications directly to Ministry of Labor and Social Security.

Foreigners Residing Outside of Turkey

Foreigners residing outside the Turkey are subject to apply for Turkish work permit from the representative offices of Turkey in their own countries. Pursuance to work permit application of foreigner, within 10 working days the employer should process both online and direct applications to the Ministry of Labor and Social Security in Turkey. Once the approval from the Ministry is granted, foreigners are required to apply for work visa to the Turkish representative office within 90 days.

As per new rules on residence permits, valid working permissions will be now used as residence permits as well. Thus work permit validity requirement of residence permit application within 30 days upon obtaining the work permit (for consulate applications 30 days was starting upon arrival of work permit holders) will be outlawed. On the other hand the same as work permits, “Work Permit Exemption Certificates” will also be used as residence permits.

Foreigners Residing Inside Turkey

Foreigners with residence permit valid for at least 6 months may make their applications to the Ministry of Labor and Social Security internally. Internal applications are made by the employer directly to the Ministry. Once the online application is submitted, the employer is required to make direct application to the Ministry within 6 working days.

Turkish Work Permit Extension Applications

Extension application of the work permit period is made to the Ministry of Labor and Social Security. As Internal applications, after submitting online applications, direct application to ministry should be made within 6 working days. The application for extension should be filed within 2 months before or 15 days after the expiry date of the work permit. After 15 days period, the applicant no longer may request for extension and the application is regarded as initial application.

Resident Permit Application in Turkey

Foreigners who intend to stay in Turkey for a period longer than permitted in their visa, visa exemption, or for more than ninety days must obtain a residence permit.

Short-Term Residence Permit for Foreigners

To apply for a short-term residence permit, foreigners who own real estate in Turkey or will establish a business or commercial connections in Turkey must submit the following documents to the relevant Provincial Directorate of Immigration Administration (Göç İdaresi) after the application is made through the e-residence system. Short-term residence permits are issued for a maximum of two years. A residence permit is invalidated if it is not used within six months.

Documents for Initial Application

  • Residence permit application form
  • The original and a copy of the passport or travel document
  • Four passport-size photographs
  • Declaration regarding sufficient and sustainable financial resources for the duration of the stay (Stated in the application form. The authority may request supporting documents.)
  • Official document regarding the applicant’s ownership of the residence
  • An invitation letter or documents of such written by the person or companies to be contacted
  • Valid medical insurance

Documents for Extension

Applications for an extension of the residence permit may be made within sixty days prior to its expiration, but under no circumstances may this be done after the expiry date. For the extension, foreigners are required to apply for a residence permit through the e-residence system. The completed application and required documents should be sent to the related Provincial Immigration Administration Office (Göç İdaresi) by mail within five days.

  • Residence permit application form
  • The original and a copy of the passport or travel document
  • Submission of the previous residence permit document
  • Two passport-size photographs
  • Declaration regarding sufficient and sustainable financial resources for the duration of the stay (Stated in the application form. The authority may request supporting documents.)
  • Official document regarding the applicant’s ownership of the residence
  • An invitation letter or documents of such written by the person or companies to be contacted
  • Valid medical insurance

Long-Term Residence Permit for Foreigners

For a long-term residence permit, foreigners that have continuously resided in Turkey for at least eight years should submit the following documents to the relevant Provincial Directorate of Immigration Administration (Göç İdaresi):

Documents for Initial Application

  • Residence permit application form
  • The original and a copy of the passport or travel document
  • Submission of the previous residence permit document
  • Two passport-size photographs
  • The document showing that the applicant has not received any social aid from governmental institutions and organizations in the last three years
  • Declaration regarding sufficient and sustainable financial resources for the duration of the stay
  • Police record document
  • Valid medical insurance

Long-term residence permits are issued indefinitely.

Accounting Services in Turkey

Accounting Services in Turkey

The accountant will prepare financial statements for tax return, make an audit, will be responsible for book-keeping and financial planning and other different accounting services. He can help you with services such as:

  • Payroll
  • Tax registration and compliance
  • Annual tax fillings
  • Consolidation
  • Tax returns
  • Debt monitoring and risk assessment

The accountant you choose can represent you in front of the Turkish authorities and can act on behalf of you in the financial field. He will help you manage your business related to accounting even if you can’t spend too much time in Turkey. When you are abroad, the accountant will offer professional assistance with business management and he can take care of the property administration.

One Accountant or a Team of Accountants?

You can choose to hire one accountant, make sure he or she is registered by TURMOB, UNION OF CHAMBERS OF CERTIFIED PUBLIC ACCOUNTANTS OF TURKEY, if you have a small business or an accounting firm if you run a large company. A team of accountants with different backgrounds can provide a wide range of financial services and will find the best solutions to grow your profit and lower your costs. The accountants will inform you anytime about the income, costs and taxes and they will offer you confidentiality regarding the financial documents.

An experienced team of accountants can offer you studies and analysis in order that you can choose the best ways to manage your business and to obtain the best results. Besides this information, the team provides regular updates related to the Turkish legislation and regulations that can be changed year after year and can have a great impact on your business outlook.

Whenever you need accounting services in Turkey, you can contact our specialists in company formation who can help you hire the best accountant for your business, at low costs. If you have a large business we can recommend you an accounting firm or a team of experienced accountants.

Turkish Accounting Services

After registering a new company in Turkey, you will need to hire an accountant 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.

Auditing Services in Turkey

Auditing Services in Turkey

Audit services are essential to establish credibility and build reputation – critically important assets in a global economy undermined by business scandals on multiple continents. Companies that successfully address audit issues improve the quality of their financial reporting and stand to gain credibility internationally with leading sources of capital.

Given the importance of audit services, many senior executives and audit committees look to accounting firms for efficient procedures, the value of their work, and personal service. Your organization stands to gain in multiple areas – reputation, insight, service, and cost – by finding experienced auditors who truly value your business.

Our Auditing Services in Turkey

As auditors in Turkey, we provide independent, objective and reliable audit opinions on the financial statements.

  • Auditing services for financial statements
  • Preparation of financial statements
  • IFRS reporting
  • Systems and process assurance
  • Assistance on capital market transactions
  • Corporate reporting
  • Internal Audits
  • Financial risk management
  • Due diligence
  • Company valuation

Experience and Respectful Reputation in Turkey

Akkas CPA & Turkish Accounting Firm has the knowledge and expertise necessary to help you with complex financial accounting issues. Our firm audits many of Turkey’s best-known companies and many of other organisations both large and small. Our audit approach, at the leading edge of best practice, is tailored to suit the size and nature of your organisation and draws upon our extensive industry knowledge. Our deep understanding of regulation and legislation means we can also help with complex reporting issues involving Sarbanes-Oxley and International Financial Reporting Standards (IFRS).

Additionally, we are leaders in the development of non-financial performance reporting, helping our clients respond to the need for greater transparency, improved corporate governance, and business models based on the principles of sustainability.

Our Commitment

Our mission is to help our clients improve their companies’ value, improve their development, create competitive advantage and diminish their managerial risk.

The globalization effect causes the increase in mergers and acquisitions. Companies do not only use domestic financing instruments but also to foreign ones. Due to fact that individuals, shareholders or other institutions need more reliable, comprehensible and considerable data in order to make companies reach realistic results, all of these make independent auditing a must.

Corporate management, boards and audit committees, internal and external auditors, analysts and other investment professionals all have important roles to play in rebuilding investor trust by executing their respective responsibilities, keeping in mind both legal obligations and the heightened expectations of investors.

Meeting investor expectations begins with the completeness and accuracy of information contained in a companies financial statements. In the present economic conditions, business ethics and social responsibility constitute our starting point for success. In this sense, the relationship with our clients fundamentally based on values such as honesty, independence and objectiveness.

Compliance Services in Turkey

Compliance Services in Turkey

Akkas CPA & Turkish Accounting Firm is a globally recognized Turkish Accounting Firm with a long record of excellence and professional leadership in Istanbul, Turkey. Our compliance team is prepared to handle your company’s compliance services in Turkey. Akkas CPA & Turkish Accounting Firm handles all kinds of compliance services required to run your company in Turkey.

Today, clients are faced with unprecedented challenges as new laws and regulations are changing the way the corporate world works. Akkas CPA & Turkish Accounting Firm has one of the preeminent corporate governance practices in Turkey, drawing upon the expertise of our corporate, securities, governance, litigation, and compensation specialists to provide our clients with the information and analysis needed to respond to a rapidly changing regulatory environment.

Akkas CPA & Turkish Accounting Firm is globally recognized Turkish accounting firm with a long record of excellence and professional leadership in Istanbul, Turkey. Our Istanbul team is prepared to handle your company’s compliance needs.

In today’s increasingly competitive environment, companies are under constant pressure to improve their performance and build shareholder value at the same time. Therefore, leading edge companies tend towards outsourcing for their secondary “non-core” activities, in order to allow their personnel to focus on their core business.

In line with this trend, Akkas CPA & Turkish Accounting Firm compliance serves its clients in order to meet their outsourcing needs for secondary activities such as accounting, payroll, management reporting and others. Our approach to outsourcing is, to build a close cooperation with our clients in a flexible way, in order to meet their different needs.

Akkas CPA & Turkish Accounting Firm compliance team assists many local and multinational entities from various sectors, with its team of 14 professionals specialised in different areas.

Accounting services

  • Bookkeeping in accordance with Turkish statutory requirements
  • Inflation accounting in line with Law No:5024
  • Management reporting in foreign currency and in accordance with IFRS
  • Services on fixed assets (fixed asset count, recording and reporting)
  • Controlling and checking the accounting records
  • Software selection, chart of accounts set-up and short-term secondments for accounting services

Corporate income tax compliance services

  • Preparation of; annual corporate income tax return
  • Quarterly advance tax return, monthly/quarterly VAT return
  • Preparation and filing of e-tax returns
  • Review of tax accounts and returns
  • Preparation of tax reports in lien with company reporting policies
  • Tax compliance services

Indirect tax compliance services

  • Preparation of monthly VAT return
  • Stamp tax return
  • Preparation and filing of e-tax returns
  • Review of tax accounts and returns
  • Preparation of tax reports in line with company reporting policies, tax status reporting through Global Compliance Solutions Database and short-term secondments for tax compliance services

Payroll services

  • Processing and checking the payroll
  • Monitoring payroll related payments
  • Preparation of social security and e-declarations
  • Computation of indemnity and severance pay liability
  • Handling application / leaving documentation for new recruits and leaving personnel
  • Preparation of payroll reports and related accounting records and checking personnel special expense allowance documents

Corporate secretarial services

  • Finalisation of the establishment
  • Closing and address changing procedures of companies
  • Branches and liaison offices with tax and social security administration
  • Extending liaison office licences, preparation of liaison office annual reports to the Foreign Investment Directorate
  • Obtaining work and residence permits for expatriate personnel and short-term secondments for administrative support

Reach us for Work and Resident Permits in Turkey

Our firm’s team of skilled tax professionals are up-to-date with the latest tax laws and regulations and are experienced with tax planning and compliance for a wide range of client circumstances and reporting, from self-employment and brokerage accounts, equity and incentive based compensation, foreign income, foreign asset reporting, and more.

Through proactive projection and planning, we aim to provide you with transparency into your tax liability and to tax savings opportunities when it matters so you can make more timely and informed decisions. Through the use of industry leading technology platforms and processes we are able to enhance the quality, timeliness and convenience of our tax services and security of your data. Thanks to its nationally recognized accounting services, our accounting firm is now one of the leading accounting firms in Istanbul, Turkey. You may reach our accountants for Work and Resident Permits in Turkey by sending an email to us.