# Accounting and Payroll Services in Turkey for Foreign Companies (2026 Edition) # 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**](http://www.ozmconsultancy.com) or email us directly at [**info@ozmconsultancy.com**](mailto:info@ozmconsultancy.com)