Accounting and Financial Advisory
From incorporation to period-end closing, we run your accounting and financial advisory processes in full compliance with the legislation.
Our accounting and financial advisory services cover all of a company’s legal and financial processes from the moment of incorporation onwards. Meeting the obligations of the Turkish Commercial Code and the tax legislation in full is a company’s strongest defence in future audits and examinations.
We are also experienced in the incorporation and permit processes of foreign-capital companies in Türkiye, taking on the compliance burden for investors.
Scope of Our Service
- Incorporation procedures for natural and legal persons wishing to form a company under the Turkish Commercial Code
- Incorporation and permit applications for foreign investors in accordance with the Turkish Commercial Code
- Filing of address change applications
- Holding ordinary and extraordinary general assemblies in joint stock companies
- Issuing share certificates in joint stock companies
- Share transfer procedures
- Capital increase and reduction procedures
- Amendments to articles of association
- Keeping accounting records in accordance with the Uniform Chart of Accounts and the legislation
- Reconciliation of cash, bank, customer and supplier accounts and depreciation schedules
- Preparation of stock cost statements
- Monthly, quarterly and annual period-end closings and preparation of financial statements
Frequently Asked Questions
Where the documents are ready, limited liability and joint stock company incorporations are usually completed within a few business days. For companies with foreign shareholders, the timeline may extend because of potential tax number and translation procedures.
Yes. Foreign investors may form companies in Türkiye on equal terms with domestic investors. We handle the incorporation, obtaining the potential tax number and the necessary permit applications.
For small and medium-sized companies with lower transaction volumes, outsourcing is more advantageous in terms of cost and compliance risk. For high-volume companies we recommend running an in-house team alongside advisory support.
Failing to record stock count differences, providing for doubtful receivables before the conditions are met, incomplete foreign currency valuation and errors in depreciation classification are the ones we encounter most often.
Joint stock companies must hold an ordinary general assembly within three months of the end of each accounting period. Failure to do so gives rise to the liability of the board of directors.