Accounting and Payroll Services in Turkey for Foreign Companies (2026 Edition)

As international companies expand into Turkey, one of the biggest challenges is managing accounting, tax, and payroll compliance under the Turkish Commercial Code and Tax Procedural Law. Each transaction, declaration, and report must comply with strict local regulations — and any oversight can lead to penalties or loss of compliance status.

At OZM Consultancy, we specialize in providing end-to-end accounting and payroll outsourcing services in Turkey for international companies, startups, and remote-first organizations.

1. General Accounting Services in Turkey

Foreign-owned companies in Turkey must maintain their books in line with the Uniform Chart of Accounts (UCA) and submit financial statements to the relevant authorities.

Our licensed CPA team handles every aspect of this process with precision and confidentiality.

Our accounting services include:

• Legal bookkeeping and notarization in accordance with the Turkish Commercial Code and Ministry of Finance regulations

• Preparation of trial balances and statutory financial statements

• Period-end closing and submission of year-end reports to the Ministry of Interior

• Weekly cash flow management and payment execution

• Implementation of accounting software systems and secure document archiving

➡️ Result: Transparent, audit-ready books aligned with both Turkish and international financial reporting standards.

2. Monthly Reporting and Tax Declarations

We manage all monthly tax return filings and declarations required by the Turkish Revenue Administration (GİB) — ensuring your company never misses a deadline.

Scope of our tax compliance services:

• VAT (Value Added Tax) returns

• Withholding tax and stamp tax returns

• Social security declarations

• Corporate income tax pre-declarations and reconciliations

We also review your transactions for deductible and non-deductible expenses to ensure full tax optimization under Turkish law.

➡️ Why it matters: Accurate monthly filings are essential for avoiding tax audits and securing compliance for future dividend or capital repatriations.

3. Payroll Outsourcing in Turkey

Payroll in Turkey involves complex regulations related to social security (SGK), income tax withholding, and severance indemnity calculations.

OZM Consultancy’s payroll outsourcing team manages this entire process — from employee onboarding to termination.

Our payroll processing services cover:

• Monthly payroll calculation and payslip preparation

• Employee registration and deregistration with the Social Security Institution (SGK)

• Journal entry posting and payroll accounting

• End-of-service settlements (severance, notice pay, leave accruals)

• Compliance with Turkish Labor Law and confidentiality requirements

➡️ Benefit: Full payroll compliance without needing an in-house HR or finance department.

4. Company Formation and Legal Registrations

Setting up a company in Turkey as a foreign investor requires coordination between multiple institutions. We offer a single-window service for your company establishment process.

Incorporation and registration services include:

• Trade Registry filings

• Tax Office registration and e-signature activation

• Social Security Institution registration

• Setting up your company’s accounting system and payroll structure

Whether you are opening a limited liability company (Ltd. Şti.), joint-stock company (A.Ş.), or a branch office, we handle all paperwork in both English and Turkish — including notarizations and chamber filings.

➡️ Timeframe: On average, a full incorporation in Istanbul can be completed within 5–7 business days when documents are ready.

5. Work Permit & Immigration Services

Foreign employees and company directors in Turkey require valid work and residence permits. Our firm assists with the full process — from preparation to approval.

Our services include:

• Work permit applications for foreign employees

• Residence permit coordination

• Municipal approvals for foreign-owned entities

➡️ Why OZM: Our immigration desk ensures legal continuity for your team so you can operate in Turkey without administrative delays.

6. Outsourced Financial Operations (Virtual CFO Model)

Beyond bookkeeping, we act as your virtual finance department in Turkey — managing your local banking, vendor payments, and reconciliations.

Outsourcing scope:

• Managing local bank accounts and executing payments to employees or suppliers

• Issuing electronic invoices (e-fatura, e-arsiv)

• Monthly reconciliation with clients and vendors

• Cash flow monitoring and reporting to headquarters

➡️ Added value: You get CFO-level visibility without hiring full-time staff — ideal for startups, foreign subsidiaries, and digital service providers.

Why International Companies Choose OZM Consultancy

• Licensed CPA in Turkey experienced in international accounting and tax law

• English-speaking support team with deep understanding of cross-border transactions

• End-to-end digital accounting platform compliant with e-defter and e-fatura systems

• Proven track record with technology startups, SaaS companies, gaming studios, and export-oriented firms

With OZM Consultancy, your business remains fully compliant — while you focus on operations, clients, and growth.

Contact Our CPA Team in Istanbul

If you’re establishing a new entity, managing remote contractors, or expanding into Turkey, we’ll help you navigate every accounting and payroll obligation seamlessly.

→ Schedule a consultation with OZM Consultancy
or email us directly at info@ozmconsultancy.com