Real Estate in Turkey Establishing a Company in Turkey | Page 3

as well. The company must pay the insurance premiums regularly for each
employee and worker in the company. The insurance value is about 265 Turkish
Liras per month.
The accountant of your company must arrange and prepare all the official papers
and documents. If you did not pay the insurance, for any reason, you would have
to pay all the previous amounts from the first day of the establishment of the
company (the date of naming you as a manager or employee of the company). You
also should adjust the accounts and the monthly payroll schedules. Please do not
forget to prepare the rental agreement of the place and contract with a trusted
accountant to conduct all the financial matters of the company.
Sectors of Special rules: the work in some areas or sectors such as banks, financial
institutions, insurance companies, exchange companies, and others are subject to
the legislation and laws of the Turkish financial markets and they must be
registered at the Ministry of Commerce and Industry.