Can I establish company without a CPA in Turkey ?
When foreign nationals will establish a company in Turkey, they should be represented by a CPA (certified public accountant) or lawyer. The CPA acts as a guarantor and represents the foreign citizen who will establish a company. Foreign citizens who do not have a CPA or lawyer representative cannot establish a company according to Turkish laws.
Summarly ; It is mandatory to work with an accountant or a lawyer to establish a company in Turkey.
On the orher hand ; All companies in Turkey must work with a CPA for their accounting-bookkeeping process. Because only CPAs are outhorized for accounting/bookkeeping & tax declerations process in Turkey.
Is it mandatory of working with CPA in Turkey ?
All companies, even if they are not active, have to submit their tax returns to the tax office every month in Turkey. Companies that do not submit their tax returns are fined an average of 4,000 TL each month from the tax office. And tax declerations cannot be send to tax office without a CPA.
Therefore, it is important to hire a CPA to set up a company in Turkey.
Additionally, an experienced CPA will guide you in the right direction. It will contribute to the execution of your commercial activities on a legally sound basis. It will protect your business against financial and legal risks.
Can I change accountant / CPA after company formation in Turkey ?
In Turkey, accounting service contracts are made for one year as a standard. The contract is to protect both the company and the accountant. According to the contract, the company is obliged to pay the determined service fee. The accountant, on the other hand, is responsible for making all accounting and legal transactions in accordance with the law.
Once the one-year contract period is over, you can change your accountant if you are not satisfied.
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